BATM ADVANCED COMMUNICATIONS LIMITED
16 August 1999
T6 Chips begin Production; Co-operation with Lynx Extended
The Board of BATM is pleased to announce that the Company has successfully
completed ahead of schedule all laboratory testing of the cross-bar chips
developed for the Titan T6. The first batch of chips is now in production and
the programme is on track for launch of the T6 in the second half of 2000.
The Company is currently exploring possibilities of co-operation with leading
companies in the network chip industry for such companies to use the T6
chipset in their future product offerings.
The Company has also agreed terms with Lynx Photonic Networks Inc., in which
it acquired a small stake in July 1998, to extend the co-operation between the
two companies. Lynx specialises in the development of chips and switching
devices which handle light signals without the need to convert these signals
into electronic form. These developments offer the potential to provide much
greater bandwidth than current opto-electronic or electronic solutions. The
parties have agreed that BATM will be granted further warrants to increase its
stake to 6.5% in the event of a subsequent fund-raising by Lynx. BATM will
also provide further technical assistance to Lynx, including licensing of
BATM's software and access to testing equipment.