SOURCE: TXP Corporation

March 01, 2007 07:30 ET

TXP Announces ONT Supply Agreement With Major Communications Technology and Infrastructure Provider

RICHARDSON, TX -- (MARKET WIRE) -- March 1, 2007 -- TXP Corporation (OTCBB: TXPO), an Original Design Manufacturer (ODM) for the electronics and telecommunications industries, announced today that it has entered into an agreement to supply its Optical Network Terminal (ONT) equipment to a major provider of communications technology and infrastructure equipment.

ONTs are the customer premise located devices used by a carrier to serve residential and business customers over a PON-based (Passive Optical Networking) 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 service delivery all the way to the customer premise (Fiber-to-the-Home [FTTH] or Fiber-to-the-Premise [FTTP]). TXP's ONTs sit at each customer premise and are connected over fiber to an Optical Line Terminal (OLT) generally located in the carrier's central office. A single OLT can deliver services to hundreds of ONTs.

Michael C. Shores, President and CEO, stated, "We are very excited about this new partnership, which we believe marks the first of many ODM (Original Design Manufacturer) relationships with PON equipment manufacturers who will use our ONTs to provide PON-based service delivery solutions to carriers worldwide. We think our family of BPON and GPON ONTs are perfectly timed with the accelerating roll-out of new 'fiber-to-home' infrastructures needed to deliver 'triple-play' services."

This agreement comes just 2 months after TXP officially acquired the ONT business unit of Siemens.

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 the 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