Celerity Systems Signs Agreement to Provide Systems to A-PLUS Technologies
Celerity Systems, Inc. (OTC BB: CESY) and A-PLUS Technologies, Inc., today announced that they have entered into an agreement under which A-PLUS will buy Celerity's products and services for use on its Metro Area Networks in the southeastern United States. The agreement also provides A-PLUS with the right to act as a sales agent for Celerity in some opportunities outside their Metro Area Network coverage area.
Celerity Systems, Inc. (PRWEB) July 14, 2002 -
PLUS Technologies, Inc., today announced that they have entered into an agreement under which A-PLUS will buy Celerity's products and services for use on its Metro Area Networks in the southeastern United States. The agreement also provides A-PLUS with the right to act as a sales agent for Celerity in some opportunities outside their Metro Area Network coverage area.
"We have been looking for a technology solution like Celerity's for many years," said Larry Morrow, CEO and Chief Technical Officer of A-PLUS. "While some systems offer a good broadband Internet solution, some offer analog cable services, some offer IP video services, some offer video on demand and some offer home gateway applications, only Celerity's T 6000 Digital Set Top Box and CTL 9500 Digital Video Server appear to do it all, and well.
“Another key differentiator to us is that it all displays on any kind of TV, or even on PC monitors. We also get lots of calls and information from companies purporting to offer products like this, but only Celerity, of the systems we have evaluated, is in production and in use in real deployments around the US. The key to our strong relationships with our Metro Area Network partners and customers is absolutely reliable service; we are confident that Celerity will give us that level of performance."
"It continues to intrigue me how often the real leaders in our emerging technologies are fast moving, entrepreneurial companies like A-PLUS," said Kenneth Van Meter, President and CEO of Celerity. "Larry and partner, Charles Deling, are not only very competent and knowledgeable, they are one hundred percent customer focused, and they have built their business on relationships and programs that are measured in decades rather than quarters of solid performance. Larry's partners and customers expect the very best because they have always gotten it from A-PLUS, and we are honored to be a part of their technology solution.
“Almost everyone who is really a student of the broadband market knows that energy companies are the most aggressive players in getting full broadband, fiber optic networks to homes and businesses. We have found, as A-PLUS has, that it is often the municipal power companies, who are focused on not only making money but benefiting the community now and for years to come, that are moving faster and more creatively in the broadband space. We hope that A-PLUS will be successful in encouraging the full-service solution in homes and businesses served by these networks, and that Celerity's products and services will be a key component."
A-PLUS Technologies, a privately held company, is a systems integrator that provides network solutions and technology services to businesses and utilities in tier 3, 4, & 5 communities. A-PLUS is a proven leader with two distinct business lines: Innovative, cost-effective software and hardware solutions for local and regional businesses and city/county residents; and network design, construction, operations, training and maintenance.
Celerity Systems is a provider of advanced digital set top boxes and video servers for interactive television and high-speed Internet. Target markets include schools, energy companies, hospitality, hospitals and assisted living, multihousing, telecos, and enterprise applications. Celerity can also provide end-to-end systems through strategic relationships with leading technology companies. Celerity also provides content for entertainment and education applications.
end -
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
