Business
Hathaway Corporation Completes the acquisition of OptiCon Systems Inc., A Business Unit of Corning®
Hathaway Corporation Completes the acquisition of OptiCon Systems Inc., A Business Unit of Corning®.
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[{"type":"text","content":"Monday August 1, 2005 7:00 am ET \r\n\r\nSoftware developed by Corning? for Management of Fiber Optic Networks \r\n\r\nST. PETERSBURG, Florida - Monday August 1, 7:00 am ET - Hathaway Corporation (Pink Sheets: HWYI - News), a leading global provider of communications and telecommunications software, today announced the completion of the acquisition of OptiCon Systems Inc, a business unit of Corning?. \r\n\r\nThe OptiCon Systems software, developed, patented, and sold by Corning for Fiber Optic Management, is currently in use by Comcast?, Charter?, Adelphia?, Time Warner? as well as several other major cable and telephone companies throughout the U.S. These companies now become Hathaway clients.\r\n\r\nSam Talari, acting CEO of Hathaway Corporation stated, \"We are extremely excited about this acquisition of OptiCon Systems Inc. We've gone through twelve months of extensive due diligence on OptiCon, ensuring its patents, management, market opportunity, and customer lists were validated.\" Mr. Talari further states, \"With the Fiber-to-Home initiative by all major cable and telecom companies expanding at a rapid pace, the OptiCon management system will undoubtedly become a necessity for these companies to manage their services in the most effective and efficient way. OptiCon is currently deployed by 7 of the 10 major cable and telecom providers and this acquisition will have a significant impact on our revenues for the next 5 years. Hathaway will immediately begin the process for listing on the NASDAQ Small Cap Market.\"\r\n \r\nAbout Hathaway Corporation\r\n\r\nHathaway Corporation develops and acquires undervalued companies that bring a shift in how communications is delivered and serviced globally. Starting with OptiCon Systems, which is used by global 500 companies, Hathaway will continue to seek out and capitalize on emerging technologies that will change the way the world communicates. Hathaway brings the communications solutions of the future to today's business marketplace.\r\n\r\nTo request further information about Hathaway, please email us at [email protected].\r\n\r\nAbout OptiCon Systems Inc\r\n\r\nOptiCon Systems was initially developed and patented by Corning and sold to their customers throughout the U.S. Corning spent millions of dollars and over seven years developing the Fiber Optic Management System ...