Hamburg, 01.07.2004 - Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Hamburg, 2004-07-01 - PANDATEL AG, a copper line and optical fiber network access and transmission specialist, has expanded its management board after acquiring 100 % of Lightmaze Solutions AG. With immediate effect, Dr.-Ing. Elke Jahn, CEO of Lightmaze Solutions AG, and Dr.-Ing. Niraj Agrawal, CTO of Lightmaze Solutions AG, have joined the management board of PANDATEL AG.
Norbert Wienck remains Chief Executive Officer (CEO) and will continue the corporate restructuring initiated earlier. Dr.-Ing. Elke Jahn has been appointed Chief Operating Officer (COO) and will be responsible for marketing, service, and sales. Dr.-Ing. Niraj Agrawal has been appointed Chief Technical Officer (CTO) and will be responsible for Research and Development (R & D).
Lightmaze Solutions AG develops, produces and markets intelligent optical networking platforms based on its cutting-edge technology for the SAN, Metro and Enterprise market segments. PANDATEL AG hereby strongly enhances and enriches its optical networking product palette by incorporating the products of Lightmaze Solutions AG into its portfolio and offerings. Due to the combination of PANDATEL?s own products with Lightmaze?s YUMIX 4ooo series, for the first time, PANDATEL is able to offer its Telecom and Storage customers a complete set of solutions that are not only highly cost-effective but also most powerful in the industry. Together with its sales partners, PANDATEL will henceforth engage itself decisively and forcefully into the profitable project-based business model.
About PANDATEL AG:
PANDATEL is a leading specialist provider of professional network technology. Headquartered in Hamburg, the company develops and produces systems for network access and data transmission via copper and fiber optic cables. PANDATEL is a listed company with its own regional offices and international sales and distribution partners. With 180 employees on its payroll, it serves business customers in a total of 90 countries, posting sales revenues of EUR 20.1 million in 2003. Further information is available at www.pandatel.com
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WKN: 691630 ISIN: DE0006916307 Marktsegment: Prime All Share, Prime Standard, regulated dealing Frankfurter Wertpapierbörse; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse