NW_20010530_en_Teltronics Signs Technology Licensing Agreement With VASCO
FOR IMMEDIATE RELEASE
SARASOTA, Fla., Tuesday, May 29, 2001 – Teltronics, Inc. (Nasdaq: TELT), a leader in the communications equipment industry, today announced the signing of a technology licensing agreement with VASCO (Nasdaq: VDSI), a global provider of security solutions that manage and protect against unauthorized access to computer systems of corporate and government customers. Under the licensing agreement, Vasco’s Digipass software and hardware products will offer authentication, authorization and administration security to Teltronics’ Site Event Buffer enterprise agent (SEBea) and IRISnGEN 2.0 alarms management system.
Teltronics is an industry leader in the development and delivery of intelligent systems management products that allow users to collect data, detect faults, initiate corrective action and monitor the performance of large distributed voice and data networks from one central location. The IRISnGEN product is a management information system that provides service companies and self-maintained end users with tools to automate and enhance their maintenance service offerings and reduce maintenance costs. Working with the SEBea unit, the IRISnGEN product also receives and processes event messages from virtually any remotely located element – PBXs, Voice Mail & IVR systems, and datacom systems.
“Collaborating with VASCO is an exciting validation of Teltronics' ability to deliver the best service to our customers, "Bill Hutchison, Executive Vice President and COO of Teltronics, comments. “The addition of VASCO’s Digipass strong authentication technology will provide the highest level of access security for the SEBea products and connected customer systems. The tight integration of the products will provide a seamless interface for Network Operations Center personnel who must deal with thousands of remote sites.” Hutchison continues, “This unique capability ensures that the IRISnGEN automation functions may have access to distributed SEBea units while maintaining a level of security required by today’s enterprise and service-company customers.”
Jan Valcke, Executive Vice President of Sales and Marketing for VASCO, concurred. “Teltronics provides organizations with mission-critical communications infrastructure, and enabling highly secure remote access to that infrastructure, from anywhere at any time, allows their customers to get the maximum benefit from Teltronics’ leading products. Teltronics recognized the value of adding Digipass strong, two-factor authentication to easily and effectively identify and authorize their remote users to critical data – all without requiring modifications to their existing IT infrastructure."
Teltronics, Inc. (Nasdaq-TELT) is dedicated to excellence in the design, development, and assembly of electronics equipment and software that enhances the performance of telecommunications networks. The Company manufactures telephone switching systems and software for small to large sized businesses, government, and 911 public safety communications centers. Teltronics provides remote maintenance hardware and software solutions to help large organizations and regional telephone companies effectively monitor and maintain their telecommunications systems. The Company also serves as an electronic contract manufacturing partner to customers in the U.S. and overseas and manufacturers 911 enterprise safety products.
Interactive Solutions, Inc., a subsidiary of Teltronics, Inc., designs and markets technologically advanced, multimedia computer solutions for the education of hard-of- hearing, deaf and learning disabled people. Teltronics' common stock trades on The Nasdaq SmallCap Market tier of The Nasdaq Stock Market under the symbol "TELT". Further information regarding Teltronics can be found at their web site, www.teltronics.com.
VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The Company's family of Digipass® and SnareWorks® products offers end-to-end security through strong authentication and digital signature, true Single Sign-On, access control and advanced entitlements, web portal security, and PKI enablement, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries. More information is available at www.vasco.com.
A number of statements contained in this press release are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, the ability to comply with the rules for inclusion in The Nasdaq Stock Market and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Contacts: Ewen R. Cameron, President & CEO
Charles Messman, Todd Kehrli
MKR Group, LLC
Contacts: Mike Lange
Director of Corporate Communications