WESTLAKE VILLAGE, Calif. - May 9, 2003 - Chatsworth Products, Inc. (CPI), a 100% employee-owned leading manufacturer of structural support systems for technology equipment, and American Access Technologies, Inc. (AATK), a telecommunications company that develops, manufactures and markets innovative products designed to support evolving structured cabling systems, announces the signing of an agreement for the sales and distribution of Zone Cabling, Wireless and Wi-Fi products. A letter of intent between the two companies had been announced in a joint press release issued on February 25, 2003.
"This transaction creates powerful synergies in that CPI and AATK each have product lines that complement one another. We are very excited to work with - and leverage- CPI's success in the market, their exceptional depth in management, and their long and proud history," stated Joe McGuire, Chief Financial Officer of American Access.
Added Joseph Cabral, President and Chairman of CPI, "We are extremely pleased to be entering into a partnership with AATK in that the agreement enables us to offer our customers a more robust suite of product solutions. Our industry-wide distinction as the premier structural support provider and our reputation for superior sales and service are being combined with AATK's patented zone cabling technologies for above-ceiling and under-floor environments. We look forward to working closely with AATK in realizing the promise that this partnership represents."
"With this agreement, we will not only expand our marketing area and accelerate the pace of the growing acceptance of our patented products, but we will also greatly benefit our existing OEM partners and customers by adding the services of more than 20 times the number of field sales people as we had previously. The combined manufacturing and marketing expertise of the companies will serve to enhance the quality and timeliness of our products," said AATK's Vice President Wil Boyd.
CPI's Director of Marketing, Peter Jancourtz, adds: "CPI provides the industry with a level of service and support that is second-to-none. Our proven expertise in customer service, technical support and field sales representation is complemented by the close relationships we enjoy with our distribution channel partners. We are excited to be able to offer AATK's products to CPI's existing customers and we look forward to servicing AATK's current OEM partners and customers. Equally as important, we feel we bring great value to all these partnerships."
With Zone Cabling enclosures, telecommunications equipment can be placed within the environment. Zone Cabling methods can be used in a multitude of applications and provide for a higher capacity of cabling while reducing the varied tasks of management.
American Access manufactures patented zone cabling units that mount in ceilings, raised floors, and in custom furniture, routing traditional cabling, fiber optics and wireless solutions to the office desktop. The Company's concept of "zone cabling" reduces costs for installation and moves, adds, and changes by as much as 60 - 70% while providing plug and play, upgradable networks, fiber optics and wireless LAN. Its Omega Metals subsidiary manufactures its proprietary products, and also employs state-of-the-art metal fabrication and finishing techniques for public and private companies and for the U.S. government.
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