The Helical Corporation Inc - Announcement24 April 2005
The Helical Corporation Inc. ("Helical") (TSX VENTURE:HSI - News) announced today that it has entered into a Re-seller and Licensing Agreement with Agnicorp Inc. and its Master Distributor TELoIP Inc. to distribute Agnicorp's IP Technology products and services and further to appoint Helical as a member of the MPoIP Carriers Consortium ("MCC") for distribution of TELoIP's MPoIP layered Internet services throughout North America.
Under the Agreement, Helical will purchase, install and maintain its initial TELoIP Internet Point of Presence (POP) in Atlantic Canada. Helical intends to have the initial TELoIP facility fully operational by June 30, 2005.
This Internet Service Provider (ISP) facility will allow Helical to provide enhanced Internet Services with higher-speed and additional reach capacity at a lower cost to business and enterprise users throughout Atlantic Canada, Quebec and North Eastern United States. The Agreement further allows for Helical to position POP's in other geographic areas of Canada and the United States and market the services delivered directly from Helical managed POP's and from POP's managed by other members of the MPoIP Carriers Consortium.
Agnicorp's leading edge Internet protocol technology supports data compression and bonding of mixed and multiple DSL, Cable, Wireless and Dial-up Internet connections producing a hybrid solution addressing today's growing "NEED FOR SPEED" and addressing Remote-&-Rural High-Speed requirements with High-Availability. Agnicorp's convergence gateways combine all the features of Internet Bonding and High-Availability, IP Router, Stateful Firewall, VPN concentuator, IPQOS device, Networking Intrusion Detection System, Wireless Access Point and Wireless HOTSPOT into a single compact, all in one device.1 Customers will benefit from decreased costs in network infrastructure, management and operations through the usage of Agnicorp's Convergence Gateways to consolidate their application budgets.
TELoIP's bonded and High-Availability Internet services coupled with Agnicorp's Convergence Gateway technology, increases Internet access speeds and reach delivering considerable cost savings over existing services at Higher-speeds.
"The Agnicorp distributorship combined with the launch of the TELoIP service facility is a major step forward in Helical's strategic plan to become a leading provider of fully managed network and business service to the small and medium enterprise (SME) marketplace throughout North America" stated Mr. Tim Adams, Helical Vice President of Business Development. "Helical will initially provide network and value added services (VAS), including business internet, remote access services and managed security facilitated by the high speed, highly secure, MPoIP network. Helical plans to add voice, video and hosting services to their service offerings later in 2005."
"We are excited to work with Helical and their US based subsidiary EIT Inc. ("EIT") to distribute our product portfolio throughout North America. EIT offers a wide variety of communications solutions to service providers and their customers who are looking for competitive advantages in the rapidly evolving market and we are most pleased to work with Helical and EIT to establish the initial TELoIP POP's in Atlantic Canada and the South-Eastern United States" said Pat Saavedra, President and CTO of Agnicorp.
The annual North American information technology market is estimated to reach $450 billion in 2005. The Internet Service Provider (ISP) segment of this market is estimated at $22 billion annually with the market for managed network services, business services and hosted applications estimated at a further $30 billion. The market for business services (voice, data) is forecasted to rapidly explode due to anticipated VOIP revenue increases to SME which are forecasted to grow from $500 million today to $4.3 billion in 2008.
ABOUT HELICAL
Helical is an information and communication technology company. Through subsidiary Helical Systems Inc. (www.helical.ns.ca) is the developer of a revolutionary software platform for Very Large Data Base (VLDB) management. EIT Inc., a wholly owned subsidiary of Helical provides network solutions, engineering, and installation and support services to the telecommunications industry. The company's products include wireless networks, power, and switching and transmission equipment. Services include turnkey design and implementation services and in-country 24x7 support. Located in Sanford, Florida, EIT has service offices located in Texas, Kansas and Louisiana.
ABOUT AGNICORP
Agnicorp Inc. is a software developer and manufacturer of networking and communications technologies using the revolutionary AgniOS based MPoIP(TM) process.
Agnicorp's' Convergence Gateways combine all the features of Internet Bonding & High-Availability, IP Router, Stateful Firewall, VPN Concentrator, IP-QoS Device, Networking Intrusion Detection System, and Wireless Access Point, into an all-in-one device. (See www. agnicorp.com)
ABOUT TELoIP Inc.
TELoIP Inc. is a Provider of Internet Based Communications and Networking Services. It operates North America wide across the IP network and knows no boundaries. TELoIP provides managed and scalable Internet Telephony communications and services using Internet Protocol. Its services, solutions and products help significantly reduce costs and create scalable, revenue generating services for telecommunications companies, Enterprise clients, Government Departments and Agencies. www.teloip.com
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Contact:
The Helical Corporation Inc.
Mr. Lowell R. Weir
President and Chief Executive Officer
(902) 492-2211
Fax: (902) 492-2242
lowell.weir@ns.aliantzinc.ca
OR
The Helical Corporation Inc.
Mr. Tim Adams
Vice President of Business Development
(902) 492-2211
Fax: (902) 492-2242
OR
Agnicorp Inc/TELoIP Inc.
Mr. Pat Saavedra
President and CTO
(416) 203-7838
Fax: (416) 203-8837
OR
Agnicorp Inc/TELoIP Inc.
Mr. Stewart Berry, COO/CEO
(416) 203-7838
Fax: (416) 203-8837
stew@agnicorp.com
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Source: THE HELICAL CORPORATION INC.
Source: CCNMatthews
All trademarks and copyrighted information contained herein are the property of their respective owners.
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