Xtend Networks Hires VP of Corporate Development As It Readies for Growth
Posted on: Thursday, 31 March 2005, 12:00 CST
ATLANTA, March 31 /PRNewswire-FirstCall/ -- Xtend Networks(TM), a Vyyo(R) company that provides advanced broadband solutions for the cable TV industry, today announced that veteran technology executive Jeff Fryling has joined the company as Vice President of Corporate Development.
Fryling, who has more than 15 years experience in technology, including operations and product development, will be responsible for building the necessary corporate infrastructure to promote the growth of Xtend's residential 3 GHz broadband solution over hybrid fiber-coaxial (HFC) network architectures.
"Jeff Fryling has a successful history of helping companies with quick action and innovative ideas that improve operating performance," said Bill Keating, CEO of Xtend Networks. "As we deploy our T1 and 3 GHz solutions throughout the cable industry, his expertise and management skills will be invaluable."
Fryling most recently has served as a contract executive for two mutli-national companies, transforming their operations and having significant bottom-line impact. Previously, he had been involved in numerous commercial ventures with Raytheon, including roles as COO of SilentRunner, Inc., a network and information security company, and interim CEO of Perseid, an optical communications startup.
During a six-year stint with Booz Allen Hamilton from 1994-2000, Fryling was responsible for multiple telecommunications business development efforts, including a business case for cable entry into enterprise wholesale data transport. Fryling has an undergraduate degree from the University of Illinois and holds an MBA from Harvard University.
About Xtend Networks(TM) (A Vyyo(R) Company)
Xtend Networks(TM) (http://www.xtendnetworks.com/) provides cost-efficient, innovative solutions that expand the existing bandwidth of hybrid fiber coax networks up to 3 GHz without affecting traditional residential services. Xtend's RF technology works in parallel with existing infrastructure to significantly increase upstream and downstream capacity, enabling cable system operators to deploy DOCSIS(R)-based symmetrical commercial services, HDTV and other bandwidth intensive products. Xtend Networks is part of Vyyo Inc.'s portfolio of broadband end-to-end solutions used by cable and wireless operators worldwide to deliver telephony services (T1/E1) and high-speed data connections to business and residential subscribers. For more information, please visit http://www.vyyo.com/.
Safe Harbor Statement
Statements made in this press release relating to the future, including those related to the potential for Xtend to deploy its systems throughout the cable industry, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the current limited visibility available in the telecommunications and broadband access equipment markets; whether Xtend will be able to move from the development stage to deployment and establish commercial relationships with the cable system operators; whether the cable industry will be willing and able to substantially increase the available bandwidth on their networks and do so using Xtend's alternative technology solution; and other risks set forth in Vyyo's annual report on Form 10-K for the year ended December 31, 2004, and in other periodic reports filed by Vyyo with the Securities and Exchange Commission from time to time. Vyyo assumes no duty to update these statements.
NOTE: All trademarks mentioned herein are the property of their respective owners.
Vyyo
CONTACT: Paul Schneider of Paul Schneider Public Relations, Inc.,+1-215-702-9784, or +1-215-817-4384, mobile, or pspr@att.net, for Vyyo; orinvestors, Walt Ungerer, VP, Corporate Communications of Vyyo Inc.,+1-650-319-4029, or in@vyyo.com
Web site: http://www.vyyo.com/
Source: PRNewswire-FirstCall
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