Tut Systems Stockholders Approve Merger With Motorola

LAKE OSWEGO, Ore., March 6  /PRNewswire-FirstCall/ -- Tut Systems, Inc. (NASDAQ:TUTS) today announced that the stockholders of Tut Systems have approved Motorola, Inc.'s proposed acquisition of Tut Systems at a special meeting of the stockholders of Tut Systems held today. The Tut Systems stockholders voted to adopt the Agreement and Plan of Merger, dated as of December 20, 2006 between Motorola and Tut Systems.

The transaction remains subject to the satisfaction or waiver of certain closing conditions set forth in the merger agreement, including the Company's obligation to enhance its VSP product to meet certain technical specifications, a limitation on the Company's net debt, and certain other conditions which must be met at the closing date.

About Tut Systems, Inc.

Tut Systems, Inc. delivers advanced content processing and distribution products as well as comprehensive system integration services for deploying next-generation data and video services over broadband networks. Service providers, content providers and government agencies worldwide use Tut Systems solutions to deliver broadcast-quality video over broadband networks.

Tut Systems is headquartered in Lake Oswego, OR. For more information, please visit http://www.tutsys.com/ or call [phone].

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of securities laws and it is the Company's intent that such statements be protected by the safe harbor created by the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the satisfaction or waiver of certain closing conditions and any statements that are not statements of historical facts. While these forward-looking statements represent management's current judgment of future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those stated in the forward-looking statements. Important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements include: (i) the parties' ability to consummate the transaction; (ii) the conditions to the completion of the transaction may not be satisfied; and (iii) the parties' ability to meet expectations regarding the timing and completion of the transaction. Tut Systems assumes no obligation to update or revise any forward-looking statement in this press release, and such forward-looking statements speak only as of the date hereof. 

DATASOURCE: Tut Systems, Inc.



CONTACT:  Keith J. Wymbs of Tut Systems, Inc., [phone], or





Web site:  http://www.tutsys.com/

Copyright