SAN DIEGO, March 6 /PRNewswire-FirstCall/ -- Path 1 Network Technologies, Inc. (OTC Bulletin Board: PNWK), the pioneer and industry leader in providing broadcast quality video-over-IP networks, announced today it has entered into a partnership and distribution agreement with UK-based MiTech to offer integrated products and solutions for the delivery of video-over-IP networks to content providers utilizing Path 1's products, including the Cx1000 Video- over-IP Gateway. The deal leverages Path 1's expertise in high-quality video transport over IP networks and MiTech's position as one of Europe's leading systems integrators.
As part of the partnership agreement, MiTech has begun to sell and distribute Path 1's industry-leading video gateways as part of an integrated, turnkey video-over-IP transport solution. MiTech has agreed to provide dedicated sales staff, application engineers and customer support that specialize in Path 1 products.
Commenting on the partnership, Eric Thickett, Managing Director of MiTech, stated, "This alliance with Path 1 allows MiTech to offer cutting edge video- over-IP solutions as part of an integrated system. Path 1 products are compatible with legacy equipment and offer the unique ability to remove network impairments typically associated with the delivery of high-quality video-over-IP networks. In addition, Path 1's Cx1000 multicasting capability allows carriers to broadcast live events to multiple geographic sites. As the trend toward convergence of television and packet-based technologies explodes, this partnership will further MiTech's position as one of Europe's leading end-to-end system integrators."
Fred Cary, CEO of Path 1 Network Technologies, commented, "This agreement with MiTech is a major step in furthering Path 1's penetration into Europe. Having a respected local partner in an overseas market that provides hands-on sales, service and customer support is invaluable. Broadcasters throughout Europe now have the necessary support to confidently move forward with the implementation of real-time broadcast-quality video-over-IP networks. Path 1's products provide superior quality of service, have consistently performed under the toughest of network operating conditions and are compliant with worldwide video network standards."
About MiTech
MiTech Group plc ( www.mitech.co.uk ), based in the UK, was established in 1993 and is made up of five specialist business units that offer a unique scope of networking technologies including structured cabling and wireless networks, data networks, voice networks, client systems and network services. MiTech's business partners include Cisco, Siemens, Avaya, Mitel, Siemon and BT.
About Path 1 Network Technologies, Inc.
Path 1 Network Technologies, Inc. is the pioneer and industry leader in providing broadcast quality video over packet-based IP networks. Path 1 products are sold directly and also through OEM relationships with Scientific Atlanta and Internet Photonics. Nine carriers have certified the Path 1 "long-haul" gateway for use on their IP backbones. From the delivery and distribution of broadcast materials to Video-on-Demand (VOD), Path 1's video infrastructure platforms allow high quality transmission of point-to-point, multipoint and multiplexed data over legacy IP systems. Video-over-IP service offerings using Path1 products are available throughout the US and Europe. Asian IP offerings are slated for launch in early 2003. For additional information please visit http://www.path1.com or call 877/ONE-PATH (663-7284).
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance, that we may be unable to obtain necessary financing to continue operations and development, and other risks identified in our annual report on Form 10-K and other filings with the SEC. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Path 1 Network Technologies undertakes no obligation to update such statements.
For further information, please contact:
media, David Carnevale, Vice President of Marketing of Path 1 Network Technologies Inc., +1-858-450-4220, ext. 122, corpcomm@path1.com;
investors, Robert B. Prag, President of The Del Mar Consulting Group, Inc., +1-858-794-9500, bprag@delmarconsulting.com , for Path 1 Network Technologies Inc.
SOURCE Path 1 Network Technologies, Inc.
Web site: http://www.mitech.co.uk /
Web site: http://www.path1.com /
CO: Path 1 Network Technologies, Inc.; MiTech Group plc ST: California, England IN: CPR ITE MLM TLS OTC SU: JVN