VANCOUVER, Nov. 22, 2007 (Canada NewsWire via COMTEX News Network) -
Brings 25 Years of Experience to the Fiber Optic Company
The Board of Directors of Ignition Point Technologies Corp. (TSX:IPN) and TeraSpan Networks is
pleased to announce that D. Neil McDonnell has been appointed as Chief
Executive Officer.
Mr. Michael Cytrynbaum, Chairman of the Board of Directors of Ignition Point Technologies said: "We are pleased to have Mr. McDonnell join our company and strengthen our management
team. His leadership skills and senior management experience will help drive our company through a very exciting growth period."
Mr. McDonnell stated: "I am excited to join Ignition Point and work with the Board of Directors and the management team. With the growth in Fiber optic communications, cable companies,
carriers, and municipalities are looking to the TeraSpan's Vertical
Inlaid Fiber solutions to drastically reduce their cost of deployment."
Lisa Payne, President of TeraSpan Networks stated: "We are
very excited to bring Mr. McDonnell on board as it is important to add
a seasoned CEO to the team to help strengthen our position in an
industry set to experience exponential growth."
Although today's communication infrastructures vary tremendously in terms of
transport mediums and technology, fiber still remains the solution of
choice for delivering reliable, always-on, high-speed broadband service
to business and residential customers in metropolitan, suburban and
urban areas around the world. TeraSpan sells proprietary Fiber optic
products to enable infrastructure suppliers to increase revenues more
quickly and cost effectively than their competitors. Unlike cost
prohibitive traditional trenching methods, TeraSpan's carrier class
solution is less disruptive, and reduces the costs of deployment but as
much as 66% over conventional trenching solutions.
About Ignition Point
Ignition Point Technologies Corp. (TSX-VEN:IPN), a Vancouver-based broadband
technology company, provides unique access and applications solutions
to wired service providers. Ignition Point's subsidiary is TeraSpan
Networks Inc. www.teraspan.com. For more information, visit
www.ignitionpoint.ca.
TeraSpan Networks
TeraSpan
Networks has developed and commercialized an innovative method of
deploying fiber optic networks. TeraSpan's innovative Vertical Inlaid
Fiber (VIF) system changes the way fiber is deployed for carrier class
applications, reducing costs, maximizing versatility, and minimizing
environmental impact. TeraSpan provides a complete deployment solution
that is fully scalable to meet present and future network requirements,
reducing the costs and time for deployment over conventional trenching
solutions.
This release may contain certain forward-looking statements
reflecting Ignition Point Technologies' current expectations in the
broadband communications market. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, including,
without limitation, changes in market and competition, technological
developments and potential downturns in economic conditions generally.
Additional information on these and other potential factors that could
affect the company's financial results are detailed in documents filed
from time to time with the British Columbia Securities Commission.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Ignition Point Technologies Corp.
Stephen Majlath, Chief Financial Officer, Ignition Point Technologies Corp., Phone: (604) 633-9090
Copyright (C) 2007 CNW Group. All rights reserved.