May 5, 2011
New appointment poises company for major growth in coming months
Telco Systems Names New CEO, Itzik Weinstein, Eyes Expansion in 2011
MANSFIELD, MA – May 5, 2011 - Telco Systems, a BATM company (LSE: BVC) and provider of multi-service Carrier Ethernet access and demarcation solutions, has named Itzik Weinstein as its new Chief Executive Officer (CEO), signaling the company’s commitment to expanding and growing its foothold in the telecom industry.
Weinstein brings over 20 years of management experience and a strong track record in the telecommunications and hi-tech industries to Telco Systems. Prior to this recent appointment, Weinstein was President and CEO of ECtel, a provider of revenue management solutions to the telecommunications industry. He has also held senior positions with VocalTec, NetManage, KLA-Tencor Corp., Scitex Corp., and Intel.
The appointment of Weinstein comes on the heels of Telco Systems’ acquisition of ANDA Networks last month and the launch of set of new MPLS and mobile backhaul solutions. Telco Systems’ Carrier Class Ethernet and mobile backhaul platforms that deliver cost-effective MEF-certified Metro Ethernet services over fiber and copper offer a cutting edge solution for Telcos, MSOs, utilities and tier 2 and 3 providers. The company brought to the market a first of its kind end-to-end service management platform allowing service providers to take advantage of emerging standards with an easy-to-use solution.
“I am honored to be joining a company such as Telco Systems that has such drive and determination to succeed,” said Itzik Weinstein. “The company is well positioned to provide its existing and future customers with the best TDM and fiber Ethernet products to meet all their carrier class needs.”
“We are pleased to welcome Itzik Weinstein as the new CEO of Telco Systems. We look forward to Telco Systems continued growth and new customer acquisition as we roll out the next generation of our telecommunications solutions,” said BATM CEO Dr. Zvi Marom. “The telecommunications market is an important part of BATM’s future growth strategy and the recent moves we have made with Telco Systems will help ensure the company’s long-term growth.”
About Telco Systems
Telco Systems designs, manufactures and markets multi-service Ethernet edge solutions which enable service providers to migrate their services from a circuit-based network to a more cost effective packet network. These solutions support voice, video and data traffic over the Ethernet edge network to create a high degree of reliability, service assurance and guaranteed service quality for both business and residential customers. By implementing intelligence in these edge network solutions, Telco Systems enables carriers to differentiate their services, transform the user experience and lower their overall operating expense.
Telco Systems is a wholly owned subsidiary of BATM Advanced Communications (London stock exchange ticker symbol: BVC). For more information, please visit Telco Systems' web site at http://www.telco.com.
Raylene Kadrmas, Telco Systems
Matthew McCarthy, PAN Communications