Seabridge of Israel, fully owned by Siemens of Germany, has received a $6 million order from a large German operator for installation of its switch for the German company's systems utilizing Asymetric Digital Subscriber Line (ADSL) technology (broadband access over telephony infrastructures).
The initial order is for 250 units, of which 200 are already installed. The agreement is for 1,000 units over four years, totaling over $20 million. Seabridge CEO Yehuda Armoni declined to state the source of the order, but the amount indicates that the company involved is Deutsche Telekom. Armoni refused to either confirm or deny this.
This is not Seabridge's first transaction with a giant German operator. Two weeks ago, it was reported that Seabridge had supplied Deutsche Telekom with communications infrastructure for the World Expo 2000 exhibition taking place in Hannover, Germany. The amount of the project was $5 million.
Seabridge's product is a switch that mediates between different communications systems. The application sold to the German operator is integrated in ADSL systems. Seabridge's system allows 3-4 ADSL systems to be connected to one 155 Mbps line, instead of every system being linked to a separate line. The system thereby enlarges the capacity of the lines by 30-100%, leading to a large saving for the telephony operators.
Published by Israel's Business Arena on August 7, 2000