Asante To Pursue Multi-Tenant Networking Markets; Bringing Affordable Ethernet Solutions to MTU Businesses

Asante To Pursue Multi-Tenant Networking Markets; Bringing Affordable Ethernet Solutions to MTU Businesses

Business Editors/High-Tech Writers

SAN JOSE, Calif.–(BUSINESS WIRE)–April 17, 2001

Executives at Asante Technologies, Inc. (Nasdaq:ASNT.OB) recently announced that they are developing a strategic plan to win the loyalty of network providers in the emerging Multi-Tenant Unit (MTU) marketplace. According to a January 2001 Cahners In-Stat Group report, the U.S. market for multi-tenant broadband equipment and services will grow from $371 million in 2000 to nearly $2 billion in 2004. Asante plans to capitalize on this development by promoting its IntraCore(TM) products in this rapidly growing market.

Abundant Opportunities in the Multi-Tenant Marketplace

Multi-Tenant Unit networks provide broadband Internet access to apartment residences, hotel guests, and businesses in commercial office buildings. A typical multi-tenant facility has between 10 and 500 tenants. Today, cable or DSL network connections are commonly used for Internet access. As the MTU business market flourishes, some providers are proceeding to the next step: supplying the entire LAN infrastructure for every business in an office building. As an added benefit, many providers also offer voice, virtual private network, and other services. In addition, exponential growth in the hospitality and apartment building industries is leading providers to meet the demand for in-room TV services to hotel guests and apartment residents over Ethernet/IP.

Cost effectiveness is a major advantage of MTU broadband access. Traditionally, each tenant had to buy separate cable or DSL modems and service for their PCs. Now, high-speed Internet access is piped through a small point of presence located inside the building, enabling many tenants to share the cost of the link.

Ethernet — The Workhorse of Multi-Tenant Networking

“We believe Ethernet will eventually dominate the Internet market,” commented Wilson Wong, Asante’s CEO and President. “Our system engineers are working with key customers to bring affordable Ethernet solutions to the MTU marketplace.”

Asante products will provide several advantages to MTU businesses, including:

— Seamless integration between LAN and the Internet.

— Scalable bandwidth from 10 to 100 Mbps for each tenant.

— Tenant-to-tenant security.

— Dual Gigabit links for high availability and throughput.

— Network security management to track Mac and IP addresses per port.

About Asante

Asante Technologies, Inc., is a leading provider of network solutions for the education, enterprise, and service provider marketplaces. The company’s FriendlyNET(TM) products simplify networking and provide Internet access for mobile and office professionals. Asante’s IntraCore(TM) products support multi-service applications for large enterprises. For additional information, visit www.asante.com or call 408/435-8388.

Note to Editors: Asante is a registered trademark; FriendlyNET and IntraCore are trademarks of Asante Technologies, Inc.

COPYRIGHT 2001 Business Wire

COPYRIGHT 2001 Gale Group