SANTA MONICA, Calif., March 3 /PRNewswire/ -- Osicom Technologies, Inc. (NASDAQ:FIBR)
today announced a worldwide distribution agreement with Ingram Micro Inc. (NYSE:IM)
, the world's largest wholesale distributor of technology products and services. Under the agreement, Ingram Micro will make available immediately to its broad worldwide customer base Osicom's complete line of remote access products, switches, hubs, network print servers and multi- function servers.
According to John Hwang, president of Osicom's Indirect Sales Channels Division, the initial focus of the agreement will be on promoting Osicom's award-winning NetHopper(TM) Remote Access router and the award-winning ROUTERMate-Plus router because of the high demand in the market for remote network access and switching technologies.
"We are very pleased to have this new partnership with Ingram Micro as they are the undisputed worldwide leader in the wholesale distribution channel," said Hwang. "With the size of the market and the product scope covered by this agreement, we expect to see our revenues through Ingram Micro tripling to an annual rate of $20 million within the next 12 months. Moreover, this agreement complements our distribution agreement with Tech Data Corporation, announced in October 1996, covering the United States, Canada, Europe, Latin America, and the Caribbean, and now provides worldwide distribution for all our products."
Osicom Technologies is a Santa Monica, Calif. based company engaged in design, manufacture, and marketing of transmission, networking, remote access, and connectivity products for use in local area networks, wide area networks, and broadband global networks. The company is one of the leading suppliers of networking products to provide a seamless infrastructure linking geographically dispersed networks and to provide integrated solutions for voice, data and video communications networks. Osicom's products include high-performance network adapters, concentrators, routers, hubs and switches, remote access products, print servers, frame relay encryption devices, video switches and routers, and a family of products to build broadcast systems over copper, fiber optic, or wireless transmission media.
Additional information about Osicom's products and services, financial data, and other information can be found at the company's web site at http://www.osicom.com/.
Ingram Micro Inc., headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, with 1995 sales of $8.62 billion. The company operates in 19 countries and distributes more than 36,000 products to over 100,000 resellers in 120 countries.
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties. The forward looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to develop, produce, and market products that incorporate new technology on a timely basis, that are priced competitively and achieve significant market acceptance; higher expenses associated with the development and marketing of new products; changes in product mix; risks of dependence on third party component suppliers; inventory risks due to shifts in market demand; the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation; needs for liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
Source: Osicom Technologies, Inc.
CONTACT: Product Information: Bob Christian, 510-445-3900, or Investor
Relations: 310-581-4030, both of Osicom Technologies