AUSTIN, Texas (May 15, 2001) -- Security Broadband Corp., based in Austin, Texas, announced today that it has expanded its partnership with March Networks to provide the next generation of video and audio enabled alarm-management hardware and services for a first-of-its-kind, broadband home security system. The partnership was first established during Security Broadband's initial technology trial.
“We have partnered with March Networks because of its history of providing proven technologies and reliable products,” said Security Broadband President and CEO William Glasgow. “The dependability of our technology and our network will be central to our success, and we needed to select a technology partner that can stand by its promises and help us successfully deliver this innovative product.”
Based in Ottawa, Ontario, March Networks will leverage its experience in the corporate security market to enable the remote video capabilities of Security Broadband's service.
"The new broadband security services offered through Security Broadband are about to advance the home security market into a new era," said March Networks CEO Terry Matthews. "The global deployment of broadband networks through cable companies and others has opened the door for service providers to offer a host of new high-value interactive IP multimedia services. The industry-leading IP video technology from March Networks provides the Security Broadband offering with unparalleled system performance, reliability and remote video access capabilities not previously possible with traditional home security services."
About Security Broadband Broadband:
Security Broadband Corp. develops premium security and communications systems, featuring real-time video and audio verification with Web-enabled remote access, designed to reduce false alarms and dramatically increase emergency response effectiveness. Security Broadband Broadband will offer its first security product, a complete home security system, through distribution agreements with leading broadband service providers. Security Broadband Broadband is a privately held company, headquartered in Austin, Texas. For more information visit www.securitybroadband.net.
In April 2001, the company announced an investment total of $45 million from several leading cable companies, bringing the total investment to date to $59 million. Investors include Adelphia Communications (Nasdaq: ADLAC), Charter Communications (Nasdaq: CHTR), Comcast (Nasdaq: CMCSK, CMCSA), Cox Communications (NYSE: COX), Shaw Communications (NYSE: SJR), Rogers Communications (NYSE: RG), Cablevision Systems (NYSE: CVC), Catalyst Investors, Advance-Newhouse, Coditel, BMO Halyard Capital Fund, Greenspun Family, CIT, and Prime New Ventures.
About March Networks:
March Networks Corporation develops, designs, manufactures and distributes interactive, broadband IP applications and delivery platforms. The Company’s integrated technology solutions enable businesses and service providers to deliver enhanced multimedia communication services to consumers and corporations by leveraging the immense worldwide growth and always-on, interactive capabilities of broadband networks. Through direct channels and strategic partnerships, March Networks currently serves the financial, retail, health, transportation and hospitality markets with high value security, healthcare and operations management products and applications. The Company is privately held and headquartered in Ottawa, Ontario, Canada. For more information, please visit www.marchnetworks.com.
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