TXP's iPhotonics Division Finalizes License Agreement With Siemens for ONT Technologies
RICHARDSON, TX, Dec 05, 2006 (MARKET WIRE via COMTEX) -- TXP Corporation (OTCBB: TXPO), a global provider of Pre-Manufacturing Services for the electronics and telecommunications industries today announced that it has finalized its license agreement with Siemens Networks Germany granting access to more than 15 patents surrounding its Optical Network Terminal (ONT) technology, supporting both Broadband Passive Optical Network (BPON) and Gigabit Passive Optical Network (GPON) standards.
Michael C. Shores, President and CEO, stated, "Finalizing this license and asset transfer agreement now allows us to focus on commercialization of the ONT technology, which is a critical component of the "triple-play" roll-outs which are currently being deployed by the carriers nationwide. Under the new licensing agreement, we are now responsible for overseeing manufacturing and will have rights to market and immediately begin selling the ONT technology. In addition, Siemens is transferring all of its related assets, which will allow us to ramp up quickly, to meet the anticipated demand from the carriers."
PON is a point-to-multipoint, fiber to the premises network architecture, in which unpowered or passive optical splitters are used to connect a single optical fiber to multiple premises. The ONT technology to be further developed and marketed by TXP's iPhotonics division terminates the PON at the home or business location, and enables integrated voice, video and high-speed internet access.
