21 Feb 2004
Bellevue, WA — February 21, 2004 — Y3K Secure Enterprise Software, Inc., (OTC/BB: YTHK), an end-to-end unified communications and technologies company announced today the signing of a Memorandum of Understanding to integrate its IP voice telephony services and products with the Powerline Communication products of Vancouver B.C. based Corinex Communications Corporation.
Corinex is a leading developer and manufacturer of powerline-based connectivity products distributed in North and South America, Europe, Asia and Australia. The MOU provides for joint marketing by Corinex and Y3K of innovative VoIP communication solutions to their business and residential customers world-wide.
“The combined Y3K and Corinex product offering will exploit the emerging market opportunity for wired and wireless IP-based telephony and data services. Included in the product portfolio will be the hardware and software needed to implement an integrated powerline-to-wireless-to-coax communication solution for both residential and business environments. Coupled with our VoIP and ICS (Integrated Communication System) platforms, it offers a complete loop of secure data and voice communications to cost-effectively and innovatively meet the needs of residential and business customers,” stated Jon Schnelz, Vice President of Technology for Ecuity Advanced Communications, a subsidiary of Y3K.
“With business and residential customers world-wide, this agreement with Corinex represents a significant sales and marketing channel for our residential and small-to-medium business customers,” said Frank Maros, President of Ecuity Advanced Communications. “We are excited to further develop this partnership in the coming months.”
“We were looking for a company we could partner with that was very advanced in the IP telephony market space and found that with Ecuity. By adding Ecuity's Internet voice products to our devices it will allow users the portability to use their local telephone number anywhere in the world at a very low cost, stated Eric Barker, COO of Corinex Communications.” Corinex products are easy to use, flexible and provide technology infrastructure enabling fast deployment of VoiP services without need of structured cabling. Corinex technology has been successfully installed in major hotel chains as well as award winning installations in educational markets such as the highly innovative Powerline & CableLAN networked school in Madeira, Portugal (Escola Basica e Secundaria de Machico), where over 2500 students and teachers now have Internet access in every classroom.
The Corinex product family vastly simplifies distribution of data, audio and video within premises utilizing existing electrical wiring to achieve speeds of up to 14 Mbps for wired networks and up to 11Mbps for wireless network applications. The joined offering will enable the partners to provide customers with IP telephony products and a complete technology infrastructure enabling use of existing electrical wires in premises as the physical connection. Every electrical outlet in the users' home or office becomes a network access or distribution point ready for IP telephony service of Ecuity.
Y3K anticipates a development timeline of five months leading to a launch of an integrated VoIP distribution solution in the third quarter of 2004.
Corinex Communications Corp. is the leading manufacturer of Powerline networking products. Corinex's Powerline networking products enable the transmission of all forms of digital data over a premise's existing electrical and coaxial cables, and via wireless access points, at speeds of up to 14 Mbps. Corinex's “HomePlug Certified” Powerline products (Ethernet, USB, & CableLAN adapters; Wireless Access Points; Routers; Open Powerline Management software; and Diagnostic Kits) meet stringent safety and regulatory requirements in each of the 33 countries where they are sold, by more than 45 distributors and resellers and a growing number of retail outlets. Corinex Powerline products are ideally suited for networking applications in homes/small offices, enterprises, schools, hospitals, hotels, and historical buildings. Corinex's Powerline networking products are currently undergoing trials with leading MSOs and ISPs such as Bell Canada, Bell South, British Telecom, Comcast, Deutsche Telecom, France Telecom, Hughes Networks, Italian Telecom, Rogers Cable, Shaw Cable, SBC and Telus as well as leading hot spot installers. Corinex provides integrated, end-to-end connectivity solutions that meet the diversified needs of its customers over a common IP-based technology platform.