BETHEL, Conn., March 12 /PRNewswire-FirstCall/ -- BAXL Technologies, Inc. (OTC Bulletin Board: BXLH), the leading technology solutions provider enabling broadband for voice, data and video over existing wiring, today announced a reseller agreement with Olten, Switzerland-based Atel Gebaudetechnik AG. Under the terms of the agreement, Atel will resell and support BAXL's solutions to customers and enterprises throughout Europe from the Black Sea to the Atlantic, and from the Arctic Circle to the southern Mediterranean.
Eric Vold , Senior VP Global Sales for BAXL said, "We are pleased to welcome Atel to our Reseller Partner Program. Atel holds a leadership position in this market, having well-established relationships with many of BAXL's target customers within the Hospitality, MDU/MTU and Healthcare markets. We look forward to working together to build the European market's broadband infrastructure for delivering profitable, differentiated services, as well as sophisticated technical support and training, and global account strategic support."
Peter Limacher, CEO of Atel Installationstechnik AG said, "We surveyed the market for solutions that are flexible, cost-effective, and that provide fixed bandwidth with a minimum of new equipment and infrastructure alteration. BAXL is the hands-down winner in that head-to-head competition. Their technology is robust, rugged, and has an R&D path that will take it to 100+ Mbps within the coming months."
Atel Gebaudetechnik AG (http://www.atel.eu/en/group) is one of the top European power producers with a large number of wholly owned industrial companies. Its largest subsidiary, Atel Installationstechnik, is engaged in electrical contracting and IT installations, and selected BAXL because the Company's technology offers a simple and robust solution for providing broadband access for a variety of infrastructure classes.
About BAXL Technologies
BAXL Technologies, Inc., is a solutions provider enabling the reliable delivery of wired and wireless broadband applications including voice, video and data, over any existing wiring. The BAXL Merlot Solution is easy to install and use; yet powerful enough to fully utilize all the benefits of present day and future broadband applications with continuous fixed bandwidth. The Merlot Solution allows the delivery of advanced applications including High Speed Internet Access (HSIA), Video on Demand (VOD), Voice over Internet Protocol (VoIP) and Video Security & Surveillance, without the added expense of wire upgrades, or the need for modems or local power. BAXL's customers include many of the world's leading hotels, as well as multiple tenant properties and is marketed and sold through Telecom, Cable, Satellite and Technology Providers. Founded in 1997, BAXL is headquartered in Bethel, Connecticut. For more information please visit http://www.baxl.net.
Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements include, without limitation, statements concerning the impact of the settlement agreement on our future business prospects and our ability to successfully complete the commercialization of our product. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risk that the settlement agreement will not produce the results we intend and all of the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, as well as other risks and uncertainties affecting the Company, included in filings with the Securities and Exchange Commission, all of which are available at http://www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise.