BALTIMORE, May 21, 2002 (PRIMEZONE) -- Telesis (TSX Venture Exchange:TNC) (OTCBB:TNCVF), a developer and marketer of data acceleration software, today introduced the full commercial version of its new flagship product, OVERDRIVE Web Accelerator(tm). Web Accelerator's "instant broadband" characteristics stand on the leading edge of technological innovation for the Internet.
Web Accelerator enhances the performance of all networks -- whether they are dial-up, broadband or wireless. By reducing the bandwidth required to browse the Internet, Internet Service Providers (ISPs) realize reduced server and telecommunication costs while their end-user customers enjoy significantly faster access to the Internet. Even for corporate intranets, Web Accelerator has been proven to accelerate Web browsing over virtual private networks (VPNs) by up to 720%.
The product is also designed for wireless carriers offering new 2.5G and 3G wireless data services such as GPRS and cdma2000 1x. These new services are a dramatic improvement over prior offerings, providing wireless speeds comparable to 56K landline dial-up. Web Accelerator takes this a step further, resulting in wireless speeds that approach those of today's broadband landline networks.
Web Accelerator comes bundled with the OVERDRIVE Communications Engine(tm), a general purpose TCP/IP accelerator that increases the speed of all applications. Typical applications are instant messaging, file transfers such as MP3 music, and corporate database and customer relationship management systems. For corporate customers, the Communications Engine has the added benefit of accelerating VPN performance without compromising security.
"With today's commercial launch of Web Accelerator, Telesis is marking a significant milestone. Our exceptional ability to accelerate email has resulted in worldwide adoption of our Mobile Mail Accelerator. With Web Accelerator, we have completed our goal of offering complementary and unmatched web browser performance," said Derek Woods, CEO of Telesis. "We are particularly pleased to be launching Web Accelerator at the Service Networks show given the renewed focus by ISPs on their most profitable customer segment: dial-up customers. We are clearly entering the market with the right product at the right time."
About Telesis
Founded in 1989, Telesis North Communications Inc. ("Telesis") (TSX Venture Exchange:TNC) (OTCBB:TNCVF) develops and markets data acceleration software for wireless and landline networks. The Company's core product, OVERDRIVE(tm), allows ISPs and wireless carriers to accelerate the effective performance of their networks by up to 10 times, resulting in cost savings and greater customer satisfaction. For accessing email, the Web or any corporate application, Telesis "makes data move faster." Telesis is headquartered in Toronto, Canada with a regional office in the U.K. The Telesis Web site can be found at www.telesis.ca.
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This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Such forward-looking statements, particularly as related to the business plans of the Company, expectations of strategic relationships, business opportunities, acquisitions of capital equipment, availability of investment capital and future financing, and the Company's ability to gain market share, are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the Company's expectations and estimates.
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