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VRSO .76 lvarion and Verso Announce Partnership PrimeNewswire "PrimeNewswire "
ATLANTA , Aug. 1, 2007 (PRIME NEWSWIRE) -- Verso Technologies, Inc. (Nasdaq:VRSO), a leading provider of next generation network solutions, announced today that it has entered into a reseller agreement with Alvarion, the world's leading provider of broadband wireless solutions.
Under the agreement, Verso will provide Alvarion customers with the MetroNet VoIP Overlay Solution, a cost effective and certified solution for carrying voice and value-added services over WiMAX networks. Alvarion will act as a reseller for the MetroNet VoIP Overlay Solution, positioning it as a value-added solution with their existing BreezeMAX(tm) product line.
The joint solution will offer Alvarion's existing customer base a voice and services revenue generating platform which will target emerging Tier 2 - 4 markets in developing regions around the world. The offering provides everything a service provider will need to offer voice services over WiMAX. The solution includes Clarent(r) Class-4 and Class-5 features, media gateway, media server, IP Centrex, and back office reporting and provisioning.
The Verso MetroNet Overlay offers rapid deployment and allows the customer to generate revenue quickly. The solution can be rolled out quickly and is scalable, accommodating as few as 2,500 subscribers to more than one million subscribers.
"WiMAX is already one of the fastest growing sectors in the telecommunications market and there exists no comparable technology that even gets close to the economics that it delivers. As the WiMAX market expands, our ability to offer providers like Alvarion complete voice over WiMAX capabilities means we will be able to capture a significant piece of the WiMAX market," said Steve Odom, chief executive officer, Verso Technologies.
"Adding the Verso MetroNet VoIP Overlay to our existing voice products will benefit our customers greatly by adding revenue producing voice services applications to customers' networks," said Rudy Leser, Corporate VP Marketing and Strategy, Alvarion.
Mr. Kim Fraser, CEO of Startech Communications , a common customer of Verso and Alvarion, said: "The differentiating factor for the VoIP platform is the fact that this is an end-to-end solution that contains all technical aspects for installation, deployment and support. A complete offering allows us to streamline deployment and achieve significant cost savings, not to mention the advantages of a simple pricing and billing model that allows us to generate new revenues and to quickly grow subscriber base."
About Verso Technologies
Verso is a global provider of next generation network solutions offering a core-to-edge product portfolio primarily for telecommunications service providers. The company's products enable its customers to secure and optimize network bandwidth, generate additional revenue and reduce costs. Verso's applications and services are cost effective, deploy quickly and provide a superior return on investment. For more information, contact Verso at www.verso.com or call 678.589.3500.
About Alvarion
With more than 3 million units deployed in 150 countries, Alvarion (www.alvarion.com) is the world's leading provider of innovative wireless broadband network solutions enabling Personal Broadband to improve lifestyles and productivity with portable and mobile data, VoIP, video and other services.
CONTACT: Verso Technologies, Inc.
Media Contact:
Christine Puleo, Director of Corporate Communications
786.385.8762
[e-mail]
Investor Relations Contact:
Scott Kimball, Vice President, Investor Relations
678.589.3579
[e-mail]