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Hathaway Global (HWYI) Wholly Owned Subsidiary OptiCon Systems, Inc. Forms Strategic Alliance With Anritsu Corporation (Japan)
Wednesday February 14, 2007
OptiCon Software to Be Integrated Into a Remote Fiber Test System Unit Globally
Hathaway Corporation, a leading global provider of communications, telecommunications software, and medical devices, announced today their wholly owned subsidiary OptiCon Systems, Inc. has formed a strategic alliance with Anritsu Corporation of Japan to integrate the OptiCon software with existing Anritsu technology to deliver a Remote Fiber Test System.
Anritsu is a $900 Million (US) manufacturer, developer and vendor of a Remote Test Unit that tests the integrity of a telecommunications network (the "RTU") and software which controls, monitors, and integrates with the RTU (the "Questfiber" software).
The parties have developed an interface between the OptiCon software, the RTU, and Questfiber software that enables end-users to determine the physical location of malfunctions within a telecommunications network automatically. The parties have entered into an agreement whereby each party will be granted the non-exclusive right to sell to its respective end-user customers a Remote Fiber Test System that will be comprised in part or in whole of the RTU, the Questfiber software, and the OptiCon software, together with any ancillary equipment to be known collectively as the RFTS.
"As OptiCon continues to move forward, this strategic alliance with Anritsu further solidifies the global application the OptiCon software brings to telecommunications network providers. Anritsu generates over $900 million in U.S. dollar sales, and by having the OptiCon software bundled with Anritsu's current offerings, this will allow OptiCon to generate significant revenues in the very near future," stated Paul D. Lisenby, Interim Chairman and CEO of Hathaway Global.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies that bring a shift in how communications are delivered and serviced globally. Hathaway continues to seek out and capitalize on emerging technologies. Their first acquisition, OptiCon Systems, was first developed by Corning and sold to their customers. Corning spent millions of dollars and over seven years developing the Fiber Optic Management System currently marketed and sold by OptiCon Systems Inc. OptiCon serves over 70% of the global 500 companies such as Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and Bright House. Through companies like OptiCon and DDI, Hathaway brings the communication solutions of the future to today's business marketplace.
Safe Harbor
This release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that
are not historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are inherently
uncertain. Actual performance and results may differ materially from
that projected or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and regulatory
and shareholder approval for anticipated actions.
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