$332 MILLION PCLAN+ CONTRACT WITH U.S. NAVY
SANTA MONICA, Calif., June 3 /PRNewswire/ -- Osicom Technologies,
Inc. (Nasdaq: FIBR) today announced that the RNS division of its wholly-owned Meret Communications subsidiary has been selected by Electronic
Data Systems Corporation (EDS) (NYSE: GME) to supply FDDI (fiber
distributed data interface) network interface adapters for PCI-based
computing platforms for EDS's $332 million PCLAN+ contract with the U.S.
Navy to provide local area and enterprise network products and services
for the federal government. The Indefinite Delivery Requirements
contract awarded to EDS is for one year with four option years. Osicom
estimates that sales of RNS network interface adapters under the
contract could potentially reach $2 million per year.
The PCLAN+ contract, unlike the predecessor PCLAN program awarded in
1991, focuses on meeting the higher network performance required to
upgrade existing Navy local area networks (LANs). Under the five-year
contract, EDS will supply Navy buyers with up to 100,000 servers,
related LAN equipment, communications software, and integration
services. In addition, through an agreement by the General Services
Administration to increase the delegation of procurement authority by
20%, all federal government agencies are eligible to purchase equipment,
software, and services under the contract.
"RNS has been a pioneer in developing high-performance network
adapters," said Sharon Chadha, Osicom chief executive officer. "They
were one of the first with a commercially available FDDI adapter and
first to ship PCI/FDDI with common network operating system drivers.
We're pleased that EDS has selected the latest generation RNS network
interface products to enable the Department of Defense and other
government customers to build and improve their networks."
Osicom Technologies is a Santa Monica, California based company
engaged in design and manufacture of digital video switches and routers
for the telecommunications industry and, with its acquisition of
Rockwell Network Systems, is now an industry leader in providing high-speed Local Area Network solutions and connections for the high-growth
Fast Ethernet, FDDI, and ISDN networking markets. The company also
produces a range of fiber optic and wireless communications products for
use in broadcast, cable, and closed circuit television; interactive
teleconferencing and distance learning; computer graphics; medical
imaging; surveillance; and defense and aerospace applications.
Except for the historical information contained herein, the matters
discussed in this news release are forward looking statements that
involve risks and uncertainties. The forward looking statements in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially due to a variety of factors, including without limitation the
company's ability to develop, produce, and market products that
incorporate new technology in a timely basis, that are priced
competitively and achieve significant market acceptance; higher expenses
associated with the development and marketing of new products; changes
in product mix; risks of dependence on third party component suppliers;
inventory risks due to shifts in market demand; the presence of
competitors with broader product lines and greater financial resources;
intellectual property rights and litigation; needs for liquidity; and
the other risks detailed from time to time in the company's SEC reports,
including the report on Form 10-KSB for the year ended Jan. 31, 1996.
/CONTACT: The Catalyst Group, LLC, Investor Relations,
CO: Osicom Technologies, Inc.; Meret Communications
-0- (PRN) Jun/03/96 8:54
EOS (PRN) Jun/03/96 08:54 86
-0- (PRN) Jun/03/96 9:09
Press spacebar to pause and continue. Press esc to stop.