Message #45 From:
Stock News Bot Date: August 2, 2007 10:47:49 AM
Amedia Networks Partners With MPX Technology Corp. to Penetrate Burgeoning Asian Market with Broadband Home Gateways
Amedia Networks, Inc. (OTC Bulletin Board: AANI), a provider of next generation media gateways that distribute and manage ultra-broadband triple-play services in the home, and MPX Technology Corp., based in Reston Virginia with offices throughout Asia, today announced that they have entered into a partnership agreement under which MPX will market, sell and support Amedia's Home Gateway products throughout Asia. Additionally, the two companies will jointly develop, enhance and customize Amedia's product to meet the requirements of the Asian market.
MPX Technology has also engaged with Amedia to help provide localized engineering development services, business development, and contracted manufacturing services in Asia. MPX Technology will provide system engineering, country certification for regulatory compliance, local marketing and engineering support for customer lab trials.
Frank Galuppo, President and CEO of Amedia, noted 'Major Asian cities are aggressively implementing triple play services and this represents a huge market opportunity for us. Our partnership with MPX allows us to expand quickly into the rapidly growing Asia market with minimal investment and MPX will provide a complete support infrastructure to enable that effort. This agreement is in line with Amedia's strategy of leveraging its Home Gateway software platform and commercializing it for sale as products customized for the regional markets.'
China, Japan, Taiwan, Hong Kong, and Korea have an estimated 69 million DSL subscribers that are potential customers for the digital home entertainment market. Asia-Pacific is expected to grow to the order of tens of millions of subscribers per year over the next five years with revenues reaching billion dollars per year. Tom Ma, Chairman and CEO of MPX Technology Corp. expressed his enthusiasm for working with Amedia. 'The Amedia Home Gateway is a perfect fit for triple play services being deployed in Asia. MPX has Asia-wide infrastructure to address this huge market by combining the Business Development, R&D, and Manufacturing in Asia to move this partnership ahead very successfully.'
About MPX Technology Corp.
MPX Technology Corp. is a global technology partner that helps North America based clients execute their expansion to Asia Pacific by providing complete services in sales, marketing, network designing, and planning, localize & customize engineering development in both software and hardware to meet customers' expectations. MPX specializes in providing solutions in IP Media, VoIP, IPTV, Wireless, Next Generation Optical, NMS, OSS and Fixed Mobile Convergent (FMC) technologies. MPX is headquartered in Reston, VA, and regional offices in China, Korea, Taiwan, Philippines and Taiwan. Please visit MPX at www.mpxtechnology.com .About Amedia Networks
Amedia Networks, Inc. (OTC Bulletin Board: AANI Stock Message Boards) provides next generation residential media gateways to distribute and manage high-quality voice, high- definition video, and high-speed data services throughout the networked home. The Amedia residential gateway offers a single, compact, configurable device with the collective functionality of a modem, wireless access point, router, VoIP adapter, and family firewall - all in one. In addition, it features external media storage and a built-in operating system for carriers to continuously develop and deliver new, ultra-broadband applications to the home. The company is led by an executive team with a long and proven history in the voice, data, and telecom industries, and its core technologies have been co-developed by Lucent Technologies, Inc.'s renowned Bell Laboratories unit. For more information, visit www.amedia.com .
