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TLAB Tellabs, Inc. (MM)

2.44
0.00 (0.00%)
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Last Updated: 01:00:00
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Share Name Share Symbol Market Type
Tellabs, Inc. (MM) NASDAQ:TLAB NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.44 0 01:00:00

Tellabs® Optical LAN Solution To Be Distributed by WESCO

13/06/2013 2:00pm

PR Newswire (US)


Tellabs, Inc. (MM) (NASDAQ:TLAB)
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NAPERVILLE, Ill., June 13, 2013 /PRNewswire/ -- Tellabs has entered into a distribution agreement with WESCO Distribution (NYSE: WCC), a leading global supply chain solutions provider of data communications, security, and electrical products and services, to distribute Tellabs' Optical LAN solution through its subsidiary Communications Supply Corporation (CSC). The agreement will broaden the availability of Tellabs' Optical LAN for U.S. businesses, government agencies and other organizations. WESCO will build on its relationships with value-added resellers, system integrators and other supply chain partners to facilitate sales, deployment and maintenance support for U.S. customers.

Tellabs' industry-leading Optical LAN is a high-tech replacement for conventional copper-based Ethernet LANs. It can save businesses up to 70% in the cost of ownership, lower energy consumption by up to 80%, and reduce space needs by up to 90%. That's because Tellabs Optical LAN combines all of a building's communications networks into one, improving security and eliminating the need for future re-cabling. Tellabs Optical LAN is JITC-certified for use in government networks.

"WESCO is constantly evaluating emerging technologies that can bring value to all of our customers. The Tellabs Optical LAN solution gives our customers another option for their network requirements," said David Bemoras, group vice president of WESCO and business leader for communications and security offerings.

"We're excited to add the capabilities of WESCO to the innovation of Tellabs Optical LAN, which saves customers money by reducing their capital expenses, energy consumption and space needs," said Dan Kelly, CEO and president of Tellabs. "Through WESCO, many more businesses, organizations and government agencies will be able to save money by leveraging Tellabs' Optical LAN solution."

About Tellabs — Tellabs innovations advance the smart mobile Internet and help our customers succeed. That's why 80% of the world's top communications service providers choose our mobile backhaul, packet optical, business and services solutions and applications. We help them get ahead by adding revenue, reducing expenses and optimizing networks. 

Tellabs (Nasdaq: TLAB) is part of the NASDAQ Global Select Market, Ocean Tomo 300® Patent Index, the S&P 500 and several corporate responsibility indexes including the Maplecroft Climate Innovation Index, FTSE4Good and eight FTSE KLD indexes. http://www.tellabs.com

About WESCO — WESCO International, Inc. (NYSE: WCC), a publicly traded Fortune 500 holding company headquartered in Pittsburgh, Pennsylvania, is a leading provider of electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and advanced supply chain management and logistic services.  2012 annual sales were approximately $6.6 billion. The Company employs approximately 9,000 people, maintains relationships with over 18,000 suppliers, and serves over 65,000 active customers worldwide. Customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers and utilities.  WESCO operates nine fully automated distribution centers and approximately 475 full-service branches in North America and international markets, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations. www.WESCO.com

Tellabs® and Tellabs logo are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.

SOURCE Tellabs

Copyright 2013 PR Newswire

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