Vyyo Honored at Eagle Star Awards Event
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Named 'Israeli Company of the Year' By American-Israel Chamber of Commerce
NORCROSS, Ga., May 31, 2007 -- Vyyo Inc. (Nasdaq: VYYO), a supplier of broadband access equipment for cable system operators, was honored this week as "Israeli Company of the Year" at the 6th annual Eagle Star Awards Gala sponsored by the American-Israel Chamber of Commerce, Southeast Region.
Vyyo, which is headquartered in Norcross and has an extensive research and development facility in Israel, was selected for the honor based on its significant business achievements over the past year, including announced relationships with Cox Communications and StarHub for its UltraBand(TM) platform and the recent receipt of $17.5 million in new funding from Goldman, Sachs & Co. The awards event was held at the world headquarters of The Coca- Cola Company in Atlanta.
"This award is the culmination of a highly-productive relationship between the American-Israel Chamber of Commerce and Vyyo and its products over the past five years," said Avner Kol, COO of Vyyo. "The AICC's considerable resources were vital in helping to facilitate initial customer meetings for our 3GHz spectrum overlay platform, and ultimately were of significant assistance when we consolidated our headquarters in the Atlanta area. We're grateful to the AICC, the Eagle Star panel of judges, our customers and especially our top-class bi-cultural employees for helping us to make this award a reality."
"Vyyo is certainly deserving of this major recognition," said Tom Glaser, president of the American-Israel Chamber of Commerce. "We're pleased to have played a role in Vyyo's growth, and look forward to working with the company as it continues to meet the needs of the cable industry in the future."
The Vyyo UltraBand platform is designed to allow cable companies to substantially increase bandwidth to fiber-like performance, leveraging their existing infrastructure and at a fraction of the cost (under $125 per home passed) to build new fiber networks. UltraBand leverages higher frequencies on the existing coaxial cable doubling downstream bandwidth and increasing upstream bandwidth by a factor of at least four. Using the UltraBand platform, cable system operators can create new bandwidth on a targeted basis for approximately 10% of the published cost per home of telco fiber builds, while maintaining their existing investment in their HFC networks and set-top boxes.
About the American-Israel Chamber of Commerce
The American-Israel Chamber of Commerce is a bi-national business association with the mission of increasing economic development by fostering understanding, cooperation, and business relationships between Israel and the Southeast. Since its founding in 1992, AICC has been involved in over $900 million in completed transactions. The Southeast is now home to more than 50 Israeli companies for their U.S. or regional headquarters. AICC is a proud affiliate of the Jewish Federation of Greater Atlanta.
About Vyyo Inc.
Vyyo Inc., (Nasdaq: VYYO), a leading supplier of broadband access equipment, delivers to cable system operators a powerful, economic platform with fiber-like performance that extends their dominant bandwidth position over the competition and drives new revenues. Vyyo's spectrum overlay technology expands typical HFC (hybrid-fiber coax) network capacity in the "last mile," offering the only cost-effective solution that quadruples upstream and doubles downstream bandwidth to help operators deliver new, advanced residential and business services at a fraction of the cost of fiber deployments. Vyyo is based in Norcross, GA. For more information, please visit www.vyyo.com.
SOURCE Vyyo Inc.
Public Relations, Paul Schneider of Paul Schneider Public Relations, Inc.,
+1-215-702-9784, or cell, +1-215-817-4384, pspr@att.net, for Vyyo Inc.;
http://www.vyyo.com
