Perfisans Holdings Inc.
OTC Bulletin Board : PFNH
September 12, 2005 09:15 ET
Major Broadband Wireless Solution Provider, I.T. Global Solutions, Enters Into Supply Contract With Perfisans
LOS ANGELES, CALIFORNIA--(CCNMatthews - Sept. 12, 2005) -
Agreement has potential to generate Revenues of $1 million, through I.T. Global's strong sales channel in North America and India.
Perfisans Networks Corp. (OTCBB:PFNH), a next-generation semiconductor designer focused on the burgeoning Gigabit Ethernet market, has announced the signing of yet another Supply Agreement with IT Global Solutions (ITGS) for its proprietary network accelerator solution, marking the patented technology's successful progress for real-world applications.
To-Hon Lam, President and CEO of Perfisans, stated: "The engagement with ITGS is a major milestone in entering both the US and India system integration market and a major endorsement of the technology we have developed."
He also said, "The market for our technology in this sector is estimated at $250 million worldwide. Our Gigabit Ethernet Adaptor out performed the competitors by a wide margin in terms of price performance. This Contract represents a significant opportunity worldwide for Perfisans."
ITGS will integrate the Perfisans Gigabit Ethernet Adaptor card which will be powered by Perfisans ENA1001 semiconductor chip into several of its network solution designs. This is another significant recognition of PFNH's product being adopted by a world class system integrator who specializes in the broadband Wireless WiMax solutions. After signing up IT Global Solutions recently under its Elite Partner Program, Perfisans is very pleased that IT Global Solutions has taken the next step in entering into a "supply agreement" with Perfisans. This agreement could ultimately generate revenues reaching over $1 million during the next 12 months, through I.T. Global's strong sales channel in North America and India.
President and CEO of Perfisans To-Hon Lam, also said, "As one of the US major wireless network solution providers, ITGS has substantial expertise and business relationships in place with major Hotel operators, banks and broadband wireless operators. By integrating the Perfisans network-acceleration product line into their solutions, ITGS can offer an extremely cost-effective yet high-performance solution to their customers."
Sudesh Kumar, CEO of ITGS, said: "We always try to provide the most updated cutting edge technology and cost effective solution to our customers. In this competitive environment today the ability to provide both high-performance and high-efficiency network products are clearly the basics we need in always providing the "best of the best" for our customers". ITGS internal tests over the past several months have shown that Perfisans' Gigabit Ethernet adaptor possessed the best cost performance mix".
ITGS is a major information technology solutions provider in the US, where it services the enterprise broadband wireless application market. One of the key advantages of using Perfisans' solution is that it gives the customer a seamless transition to future products which support the Internet Protocol base Storage Area Network (IP-SAN) solutions. Perfisans technology is the only one on the market that integrates Remote DMA (RDMA) and TCP/IP off-load (TOE) on PCI-X and PCI-Express interfaces. As well, Perfisans products conform to all the highest levels of standards and protocols.
ABOUT I.T. GLOBAL SOLUTIONS INC.
IT Global Solutions Inc (ITGS) is a privately held corporation. Since its inception in 1999, they have been designing and deploying LAN/WAN, Wireless Network and Internetworking solutions. This can range from small departmental LANs to complex multi-protocol, multi-vendor, heterogeneous enterprise wide Global-Area-Networks. Our wireless engineers can design Wi-Fi Hotspots, Wi-Fi Hotzones, and city-wide wireless deployments. I.T. Global Solutions has strategic alliances with various hardware/software vendors. These alliances enable them to provide their clients the most cost-effective, scalable and robust LAN/WAN solutions by integrating technologies from different vendors. They have successfully deployed complex networking solutions (wired and wireless) for numerous clients in a variety of verticals such as large enterprises, SMEs, SOHO, hospitality, education, housing, and state government agencies. All executive members and senior management have over 15 years industry experience within their respective fields. ITGS has many world class network solution partners, such as Proxim Corporation, D-Link, Pronto Networks and BelAir. ITGS is the major solution provider in WiMax technology and has many success cases including the latest Hot-Zone project in Mumbai, India.
IT Global Solutions Inc.
Phone 707 747 6720
About Perfisans Holdings, Inc.
Founded in 2001, Perfisans Holdings, Inc. is an emerging ASIC design house focused on developing leading edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next generation network systems. Rapidly being recognized by industry leaders for its innovative network interface products, the Company's technologies have applications in telecommunication, data communication, storage networks, content delivery networks, broadband networks, and rich streaming media.
Perfisans' proprietary chip technology is fully standards-compliant, and provides high efficiency, high-quality network connections for both business and home applications. The Perfisans' ENA1001 can efficiently process protocols such as IP and TCP, and its high-speed protocol-processing capabilities - 10 times faster than typical 100M-bit networks - can vastly improve the efficiency of the network. The ENA1001 network interface chip employs Perfisans' proprietary TCP offload engine (TOE), providing highly efficient network throughput, to enable high-performance networks for a wide range of applications. More information can be obtained from the Company's web site at www.perfisans.com
This press release contains statements relating to future results of Perfisans (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Perfisans' Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.