| Fujitsu
Telecommunications Europe Limited and Westell Expand Strategic Alliance
Long Term Initiative Includes Funding Sponsorship for DSL Product
Development, License of DSL Technology, and Manufacturing Agreement
for ADSL and HDSL Products, and Transfer Of Certain Assets of Westell’s
U.K. Operations to Fujitsu Telecommunications Europe Limited.
AURORA, ILLINOIS and BIRMINGHAM, UNITED KINGDOM... (June 14th 1999)
...Westell Technologies, Inc. (NASDAQ: WSTL) and Fujitsu Telecommunications
Europe Limited (FTEL) announced today that they have entered into
a broad strategic agreement on ADSL and HDSL product development,
and manufacturing. As part of this agreement, FTEL will fund Westell
future development of ADSL, and the parties will continue working
together to enhance and to develop new products for both ADSL and
HDSL applications. FTEL will receive a long-term license of Westell's
intellectual property for ADSL and HDSL deployment in its products.
Additionally, in a measure to streamline operations, Westell will
transfer certain assets of its UK operations to FTEL. Employees
of Westell Europe Limited (WEL), headquartered in Cambridge, UK,
will become employees of FTEL, while FTEL will assume WEL’s lease,
purchase certain fixed assets of WEL and manufacturing rights. "Westell
and Fujitsu have been working closely for a number of years, including
our partnership in a major European DSL deployment" stated Marc
Zionts, CEO of Westell, Inc. "This agreement marks another step
in our strategy to further promote our participation in the DSL
marketplace while decreasing our operating expenses. The long term
licensing agreement of our Intellectual Property will enhance Fujitsu's
capabilities to leverage its significant presence in the marketplace."
"Our growing position in the access market will be further enhanced
by the addition of Westell's European team. This will provide greater
emphasis on our broadband solutions and will enable us to provide
much greater value for our customers. This agreement will facilitate
greater integration of technology into the next generation of product.
We look forward to it providing innovative xDSL-based end-to-end
solutions for our customers" said Shigeyuki Unagami, Managing
Director, Fujitsu Telecommunications Europe Limited.
Westell Technologies, Inc, headquartered in Aurora, Illinois, is
a holding company for Westell, Inc. and Conference Plus, Inc. Westell,
Inc. manufactures and licenses DSL systems and value added CPE,
and manufactures telecommunications access products. Conference
Plus, Inc. is a multi-point telecommunications service bureau specializing
in audio teleconferencing, multi-point video conferencing, broadcast
fax, and IP multimedia conferencing services. Additional information
can be obtained by visiting Westell’s Web site at www.westell.com.
Fujitsu Telecommunications Europe Limited is a wholly-owned subsidiary
of Fujitsu Limited, Japan, and employs more than 1,100 people at
various sites in the UK and Europe. The company plays an important
role in Fujitsu's telecommunications activities in Europe. Its main
product portfolio includes the manufacture of ISDN, DWS, Kilostream,
Optical systems and SDH radio products, in addition to the design
and development of network management platforms, and other advanced
telecommunications systems, as well as the provision of associated
support services.
For further information, please contact:
|