V Band Corp. Announces Major Deal with Standard Bank of South Africa

Strategic Insights -

V Band Corp. has made a significant announcement regarding a new digital telecommunications system for the trading floor operations of the Standard Bank of South Africa. As per the agreement, the Standard Bank will employ a 170-position system that utilizes V Band's Broad Band DN technology platform and includes 130 Power Deck DXi digital trading consoles. The new system will also feature advanced capabilities such as support for up to 14 speakers and an integrated intercom function. V Band Corp. will be providing full installation services, including project management and cabling, through their South African distributor, Plessey Communications Systems Ltd.

Key Takeaways:

  • V Band Corp. has secured a major deal with the Standard Bank of South Africa to purchase a new digital telecommunications system for their trading floor operations.
  • The new system will employ V Band's Broad Band DN technology platform and include 130 Power Deck DXi digital trading consoles.
  • The system will feature advanced capabilities such as support for up to 14 speakers and an integrated intercom function.
  • V Band Corp. will provide full installation services, including project management and cabling, through Plessey Communications Systems Ltd.
  • This deal marks one of several foreign transactions that V Band was recently awarded, solidifying their position as a leading supplier of turnkey instant access voice communications systems.
  • V Band's products and services are used worldwide by financial services organizations for the trading of stocks, bonds, and other financial instruments.
  • Other applications of V Band's products and services include the mission-critical communications requirements of the electric power industry and emergency service providers.

Statistics:

  • 170-position communication system to be installed at the Standard Bank of South Africa
  • 130 Power Deck DXi digital trading consoles to be included in the new system
  • Support for up to 14 speakers and integrated intercom function to be featured in the new system
  • 1995: The year in which V Band Corp. announced the deal with the Standard Bank of South Africa
  • NASDAQ/NML (VBAN): The stock exchange listing for V Band Corp.

Sources:

  • "V Band Corp. Announces Major Deal with Standard Bank of South Africa" (Business Wire, Oct. 12, 1995)
  • V Band Corp. press release (1995)