BETHEL, Conn., March 4 /PRNewswire-FirstCall/ -- BAXL Technologies Inc. (OTC Bulletin Board: BXLH), a leading technology solutions provider that enables the transmission of voice, data and video over existing wiring, and privately owned Austin, TX-based Lightwaves Systems Inc., a fabless semiconductor manufacturer that develops and markets chipsets for broadband networking over existing wires, today announced a strategic collaboration to leverage their respective strengths in technology and product development.
On the heels of BAXL's successful collaborative partnership with privately owned, Waltham, MA-based Colubris Networks announced June 18, 2007 , in developing the first two-wire remotely powered wired/wireless in-room device, the Wireless LapJack,(TM) BAXL and Lightwaves will collaborate to develop the next generation carrier-class broadband distribution products.
Gus Bottazzi, CEO of BAXL said, "The combination of our respective technologies will enable BAXL to evolve its existing product portfolio and establish itself as a compelling option for carrier-grade deployments of broadband connectivity and applications. These next generation products should open up new distribution channels as companies recognize BAXL as a best-in- class network backbone."
Philip Kennedy , CEO of Lightwaves stated, "We're confident that by joining forces, we can accelerate organic growth and enhance our collective market share. This alliance brings two leading technology companies together to deliver network distribution products with the potential to transform the ways telecom companies, cable companies and other service providers distribute broadband to their customers."
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 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. Founded in 1997, BAXL is headquartered in Bethel, Connecticut. For more information please visit http://www.baxl.net.
About Lightwaves Systems
Founded in 2002 with its roots going back to the 1990's, Lightwaves Systems, Inc. is headquartered in Austin, Texas and also has operations in Cedar Rapids, Iowa. Lightwaves has over sixty issued and pending patents pertaining to pulse-based communications, GPS, information storage, UWB RFID, and location-enabled information techniques. For more information, visit http://www.lightwaves.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.