2C Computing Forms Strategic Relationship With Mobility Electronics
2C and Mobility to Integrate Split Bridge Technology with Digital Extension Technology Developed at Avocent
HUNTSVILLE, AL, (July 27, 2000) - Today, 2C Computing, Inc. a pioneer in digital extension technology™ for the computer industry, announced that it has entered into a strategic partner agreement with Mobility Electronics, Inc. to integrate Mobility Electronics' Split Bridge™ technology with 2C Computing's digital extension technology. This integration combines Split Bridge technology from Mobility with Digital Extension technology developed at Avocent and licensed through Cycom, LLC. 2C Computing intends to use this technology to solve inherent problems in distributed computing environments.
Terms of the strategic partner agreement for 2C Computing's use of Mobility's patented Split Bridge technology include a $2 million technology transfer fee, payable over time, and royalties on products that incorporate the Split Bridge technology. 2C Computing may also purchase certain Split Bridge links such as chips, connectors and cables from Mobility.
In addition, as part of this strategic partner agreement, Mobility Electronics and 2C Computing plan to jointly develop new ASIC chips and related products, which the parties believe will expand the capability of current Split Bridge and Avocent technology. Mobility will retain cross-license rights on any technology developed as a result of this new joint development program.
"This agreement is the outcome of our second license opportunity for our Split Bridge technology, and represents another milestone in the history of our company," said Charlie Mollo, president and CEO of Mobility Electronics. "We believe that our Split Bridge technology is the premier connectivity and expansion choice for a wide range of applications in the computing industry and we will continue to aggressively pursue additional applications for our Split Bridge technology."
"The patent Mobility has been awarded for its Split Bridge technology is a significant milestone in the computing industry," said Remigius Shatas, President and CEO of 2C Computing and a cofounder, former CTO, and board member of Cybex Computer Products Corporation. "Using Split Bridge, we will now be able to implement solutions that were not cost-effective in the past."
About 2C Computing, an Avocent Company
2C Computing brings Digital Extension Technology to the market through its Cstation line of products. 2C Computing, recently acquired by Avocent Corporation to become Avocent's Digital Desktop Division, has been the pioneer in digital bus extension technology; a new archetype in distributed computing that provides the most powerful transport method between a PC and a remote desktop. The Cstation shatters the PCI and USB length limitations, providing IT managers the ability to backrack PCs to a central environment and drastically reduce maintenance at the desktop. IT administrators enjoy ease of maintenance, reduced asset auditing and rapid deployment of new networking technologies, while end users retain full PC functionality and peripherals but with reduced heat, noise, clutter, and with downtimes minimized to minutes. For more information about 2C Computing, visit www.2Ccomputing.com.
About Avocent Corporation
Avocent is the leading worldwide supplier of equipment that helps data center operators manage their ever-expanding server farms. Operators are provided real-time access to any of their computers over the Internet from anywhere in the world, all without requiring any special hardware or software on those computers. Avocent was formed in the year 2000 by the merger of leading industry innovators Apex Inc. and Cybex Computer Products Corporation. Headquartered in Huntsville, Alabama, Avocent has locations in Austin, Texas; Redmond, Washington; Sunrise, Florida; Chelmsford, Massachusetts; Shannon, Ireland; London, England; Steinhagen, Germany; Tokyo, Japan; China and Singapore. For more information about Avocent and its products, visit the Company's website at www.avocent.com.
Forward-Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These include statements regarding market opportunity, product development, engineering and design activities, and product availability and operability. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with the introduction and operation of a new product, risks associated with product design efforts, and risks associated with reliance on a limited number of component suppliers and single source components. Other factors that could cause operating and financial results to differ are described in Avocent's annual report on Form 10-K filed with the Securities and Exchange Commission on March 29, 2002. Other risks may be detailed from time to time in reports to be filed with the SEC. Avocent does not undertake any obligation to publicly release the result of any revisions to forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Copyright © 2003 Avocent Digital Desktops. 2C Computing, Digital Extension Technology, Cstation, and Split-Client are trademarks of Avocent Digital Desktops. Other company and/or product names are trademarks and/or registered trademarks of their respective firms.
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