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CEOS CeCors Inc (PK)

0.0277
-0.0013 (-4.48%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CeCors Inc (PK) USOTC:CEOS OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0013 -4.48% 0.0277 0.025 0.0289 0.0318 0.0265 0.029 732,250 21:02:00

CeCors Inc. Announces World's First 10 Terabit Carrier Class Ethernet Multi-Layer Switch

05/09/2008 10:31am

Business Wire


CeCors (PK) (USOTC:CEOS)
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CeCors Inc. (OTCBB: CEOS) today announced its entry into the Carrier Ethernet Switch marketplace, with the world’s first 10 terabit backplane. Jim Fiedler, Chairman and CEO of CeCors stated, “The backplane capacity is the foundation of our system, providing for true non-blocking performance at line speed and total fail safe operation. The switch, called Athena, is scheduled for initial delivery in the second quarter of 2009 and will be demonstrable during the first quarter of 2009. It will have a capacity of 288 10 Gigabit Ethernet ports and will be expandable to larger sizes in the field. We anticipate being able to generate $12 million and $30 million of revenue from the sales of our products during 2009 and 2010, respectively.” About CeCors, Inc. CeCors (pronounced ‘Sea-Cores’) is a provider of high performance, high density, public Metro Ethernet switching, including Layer 2/3 switching platforms. CeCors’ customers will be Metro service providers, telecom, cable and wireless companies. For more information about the Company and its products, visit http://www.CeCors.com. This press release includes a number of forward-looking statements that reflect our management's current views with respect to future events and financial performance. Forward-looking statements include, but are not limited to, statements that are not historical facts, and statements including forms of the words "intend," "believe," "will," "may," "could," "expect," "anticipate," "plan," "possible" and similar terms. Actual results could differ materially from the results implied by the forward-looking statements due to a variety of factors, many of which are discussed throughout this press release and in our SEC filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release any revisions to these forward-looking statements that may reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, unless required by law. Factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by us include, but are not limited to: the ability to finance our activities and maintain financial liquidity; unexpected resistance to the adoption of our product offering; competitive offerings by extremely large, successful industry participants; the possibility that our products may infringe upon patents or technologies owned by others; and the ability to develop a brand identity in the Ethernet switching market.

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