SOURCE: TXP Corporation

March 08, 2007 07:30 ET

TXP Announces First ONT Shipments to a Major OEM and Tier I Carrier

RICHARDSON, TX -- (MARKET WIRE) -- March 8, 2007 -- TXP Corporation (OTCBB: TXPO), an Original Design Manufacturer (ODM) for the electronics and telecommunications industries, announced today that it has shipped its first Broadband Passive Optical Network (BPON) Optical Network Terminal (ONT) units to a major Original Equipment Manufacturer (OEM) and a Tier I Carrier. The shipments included both single family unit (SFU) and multiple-dwelling unit (MDU4) models.

Michael C. Shores, President and CEO, stated, "These first shipments are a major milestone for the company, as we begin commercialization of the ONT product line we recently acquired from Siemens. These orders also validate our two-pronged strategy of pursuing both carriers and OEMs."

Mr. Shores continued, "Similar to the model followed in the maturing DSL market just a few years ago, the major systems vendors and carriers are beginning to explore OEM sourcing for more cost-effective, time-sensitive ONT solutions that are interoperable across a wide range of networks. We believe that our pre-manufacturing services model and quick-turn capabilities enable us to bring products to market both faster and more cost-effectively than traditional providers. This allows us to provide customized BPON and GPON ONTs to industry partners with a much faster turnaround time and at very attractive price points.

"This new ONT business has the potential to dramatically expand our photonics business and we are extremely excited about the prospects for this business, given the massive expenditures planned by the carriers as they role out new 'triple-play' and 'Fiber-to-the-Home' services nationwide."

ONTs are the customer premises-located devices used by a carrier to serve residential and business customers over a PON-based system. PON is a maturing point-to-multipoint technology which is being adopted by telephone companies globally because of its cost-effectiveness in extending fiber-based services all the way to the customer premises.

About TXP

TXP Corporation is an original design manufacturer for the electronics and telecommunications industries. Based in Richardson, Texas, TXP has three primary business units: TXP-Texas Prototypes, TXP-Retrofit Solutions, and TXP-iPhotonics. TXP-Texas Prototypes provides pre-manufacturing services for the electronics industry that help original equipment manufacturers (OEMs) bring products to market both faster and more cost-effectively. The company excels in both global design and supply chain solution services for new product development, which include: prototyping and quick-turn electronic assembly; new product introduction; pilot production; material supply chain development; as well as the transfer of products into production. TXP-Retrofit Solutions provides custom engineering kits to enable ILECs (Incumbent Local Exchange Carriers) to upgrade their local access service delivery infrastructure at minimum cost and time. TXP's retrofit kits enable a wide range of next generation telecom platforms to easily fit into the variety of remote cabinets that have been broadly deployed by ILECs over the last 30 years. TXP-iPhotonics comprises the Optical Network Terminal (ONT) business unit acquired from Siemens in late 2006. TXP-iPhotonics develops and markets via an (ODM) Original Design Manufacturing model, a family of ONT products to both OEMs and ILECs to be private-label branded. The ONT technology terminates the passive optical network at the home or business location, and enables integrated voice, video and high-speed internet access. For more information visit: www.txpcorporation.com

Contact Information

  • Media:
    Eric Miscoll
    TXP Corporation
    (214) 575-9300

    Investor Relations:
    David K. Waldman / Klea K. Theoharis
    Crescendo Communications
    (212) 671-1020