Ericsson and Memotec enter into global partnership

® Ericsson and Memotec enter into global partnership Ericsson and Memotec Communications Inc. (Memotec) announced today a strategic global alliance agreement under which Ericsson's Enterprise Systems Unit will co-market Memotec's CX Series of Frame Relay access solutions @ with support for data, voice and video @ through its worldwide subsidiary organizations and distribution networks, spanning over 130 countries. Financial terms of the agreement were not disclosed. Ericsson's enterprise systems product line is complemented by Memotec's CX Series, as Memotec's solutions provide Ericsson's product line with augmented data, voice and video convergence technologies, enabling Ericsson to expand their addressable markets and explore emerging opportunities. "We are enthusiastic to be working with Memotec," said Lars Svensson, vice president and general manager of Ericsson's Enterprise Systems Unit. "The synergy between the two companies secures a solid infrastructure for an agreement of this kind. Both Ericsson and Memotec are committed to providing enterprise customers with cost-effective, end-to-end solutions for converging data, voice and video networks." "The Ericsson/Memotec partnership validates our data, voice and video integration technology. We expect this agreement to have a significant impact on revenues in the second half of 1999," stated Henry David Epstein, Memotec's president and CEO. "The agreement is mutually strategic," added Anthony S. Wiley, vice president Sales and Marketing at Memotec. "Ericsson's leadership role in the telecommunications arena, combined with Memotec's award-winning data, voice and video convergence solutions, will provide an expanded international customer base with unprecedented access to fully integrated, enterprise solutions with lower cost of ownership." Ericsson is now able to offer to the market seamless transportation of total PBX functionality and related services - represented by the MD110 and Business Phone - over Frame Relay networks. Memotec's CX Series access solutions integrate with Ericsson's voice platforms (MD110 and Business Phone) to provide enterprise customers with a complete unified infrastructure. Using evolving technologies Memotec's CX Series of multiservice access switches will enable the convergence of data, voice and video over packet-based and emerging cell-based networks for branch, regional and central sites. Memotec's solutions provide single-platform consolidation of all network capabilities @ including voice, fax, LAN/WAN, SNA and legacy traffic @ over Frame Relay, IP and ATM. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: http://www.ericsson.se/pressroom FOR FURTHER INFORMATION, PLEASE CONTACT Christina Hedegaard-Friis, Business Manager Networking Ericsson Enterprise Solutions Phone: +46 8 422 1876; E-mail: christina-hedegaard-friis@ebc.ericsson.se Caroline Freduenthal, Press Relations Manager Ericsson Enterprise Solutions Phone: +46 8 422 2089; E-mail: carloine.freudentahl@ebc.ericsson.se Alain Miquelon, CFO, Memotec Communications Phone: +1 514 738 4781; E-mail: alain.miquelon@memotec.com Dina A. Gibbons, Director Marketing, Memotec Communications Phone: +1 514 738 4781, E-mail: dina.a.gibbons@memotec.com Marc Rolfe, Technology Solutions Inc. Phone: +1 212 320 2223; E-mail: mrolfe@tsipr.com Company Information Memotec Communications Inc. is an industry-leading provider of data, voice and video convergence solutions for telecommunications carriers, ISPs and corporate customers. The Company's product line of access devices and edge switches provides consolidation of multiservice traffic over packet-based and cell-based networks such as Frame Relay, IP and ATM. Memotec has a distribution network extending to over 50 countries. Common shares of Memotec stock are publicly traded on the Montreal Exchange and The Toronto Stock Exchange under the symbol MCM. Additional information is available at http://www.memotec.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/03/16/19990316BIT00300/bit0001.doc http://www.bit.se/bitonline/1999/03/16/19990316BIT00300/bit0002.pdf