NeoWave allies with Lucent Technologies for the access network business


NeoWave, Inc (www.neowave.co.kr, DooWhan Choi, President & CEO), a forerunner of the next generation wireline and wireless access network equipment/systems, has announced signing of a memorandum of Understanding (MOU) as of November 22, 2004 with Lucent Technologies, Access Network Business Unit (www.lucent.com) for cooperation in the development and marketing of the high speed Internet solution.
Upon signing of the MOU at this time, NeoWave develops the high speed Internet solution then supply it to the telecommunications service providers all over the world. This joint development and marketing will help both NeoWave and Lucent respond to the ever growing world market for the high speed Internet equipment/systems quite effectively, thereby helping both companies enhance their positions significantly in the world high speed Internet equipment/systems market.
On the occasion of the MOU signing, DooWhan Choi, President & CEO of NeoWave, Inc, has said "Lucent Technologies as a world class network equipment/systems supplier is in possession of outstanding global marketing capacity. NeoWave, Inc is capable of product development and manufacturing supported by superior technical capability. The alliance between NeoWave and Lucent is sure to generate significant competitive edge for both companies in the overseas market. We hope that this alliance will eventually extend to cover the entire access network business in addition to the current agreed product line."
In the mean time, Mr. Quoc Nguyennquos, Director of Broadband Access, Lucent Technologies, has said "NeoWave is in possession of the world class technology, quality, and price competitiveness. The alliance between Lucent and NeoWave is expected to result in a great success in the high speed Internet solution business in the overseas market.
NeoWave, Inc. was founded in 1998, develops and manufactures on its own the fiber optics based Internet access equipment/systems that incorporate the Internet access and fiber optics transmission technologies, and is KOSDAQ registered as of now.