Eagle Broadband's Atlantic Pacific Subsidiary Lands $185,000 Fiber Optic Cable Installation Project with Lubrizol
Posted on: Monday, 9 June 2003, 06:00 CDT
LEAGUE CITY, Texas--(BUSINESS WIRE)--June 9, 2003--Eagle Broadband, Inc. (AMEX:EAG), a leading supplier of broadband products, services and content, announced today that its Atlantic Pacific Communications subsidiary has signed a $185,000 contract to provide the installation of outside-plant fiber optic cable segments to support a new process control system for Lubrizol Corporation, a fluid technology company that concentrates on high-performance chemicals, systems and services for industry and transportation.
According to Greg Smith, Atlantic Pacific's Acting President and Chief Financial Officer, "The process control project is a continuation of our 12-year relationship with Lubrizol and will be coordinated and supervised by the Lubrizol Engineering Department. It will involve the installation of 18 segments of Corning outside-plant fiber optic cable, totaling over 12,500 feet. Approximately 9,000 feet of new rigid conduit will also be installed to provide protection and routing for the fiber optic cable segments. The project is scheduled to begin in early June and should be complete by the end of August."
Smith went on to note that Atlantic Pacific is a Corning Cable Systems-registered Extended Warranty Partner and will install, terminate and test the fiber optic cables to meet all Corning Cable Systems standards and guidelines. This procedure will allow Lubrizol to receive an extended 25-year project warranty issued by Corning.
About Eagle Broadband
Eagle Broadband, Inc., and its subsidiaries are leading suppliers of broadband products, services and content. Eagle also has extensive "last mile" cable and fiber installation capabilities and provides complete IT business integration and enterprise management solutions to Fortune 1000 companies. As the leading provider of Fiber-to-the-Home (FTTH), Eagle provides residential communities with Bundled Digital Services (BDS(SM)) packages that include cable-style television over fiber, local and long-distance telephone service, high-speed broadband Internet connectivity and security monitoring services. The company also markets structured wiring, home automation products, home theater entertainment centers, communication systems and security systems to homebuilders nationwide as well as to its contracted BDS communities. The company is headquartered in League City, Texas, south of Houston, near the NASA Johnson Space Center. Further news updates on Eagle Broadband, its products and services are available at www.eaglebroadband.com, www.broadbandmagic.com, www.atlanticpacific.com, www.etoolz.com and www.ucgi.com.
Forward-looking statements in this release regarding Eagle Broadband, Inc., its subsidiaries and Lubrizol Corporation are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
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