NORCROSS, Ga., July 30 /PRNewswire-FirstCall/ -- Vyyo Inc. (NASDAQ:VYYO), a supplier of broadband access equipment for cable system operators, announced today that Jon Koval, a veteran of more than 25 years in cable and telecommunications equipment sales and product management, has joined the company as Vice President of Sales.
Koval will be responsible for all Vyyo sales activity at the corporate and system level to Time Warner Cable, Charter Communications and Bright House Networks. Koval joins Vyyo from BigBand Networks (NASDAQ:BBND), where he served as Regional Vice President of Sales with responsibility for the company's Time Warner Cable account.
Koval is the most recent addition to the Vyyo sales and sales support team, which has been expanded in conjunction with increasing trials and deployments of the company's UltraBand(TM) spectrum overlay platform and T1 over HFC solution.
"We have begun to shift our emphasis from development toward customer- facing activities to meet cable's increasing interest in long-term solutions that can compete effectively with telco fiber," said Wayne H. Davis, CEO of Vyyo. "The addition of well-regarded executives like Jon Koval and the overall growth of our sales team will increase our ability to work with customers to create deployments that address their specific needs." "Cable operators today are wisely leveraging multiple short- and long-term options to help them deploy new revenue generating services over their existing plant," said Koval. "Vyyo UltraBand's unique ability to double downstream bandwidth and quadruple the upstream addresses two key concerns that operators have expressed to me: The need for capacity to accommodate HD lineups of 100 channels or more and ultra-high bandwidth services, and the need to expand beyond the upstream constraints that currently exist." During his two years with BigBand Networks, Koval was responsible for architecting commercial activity and chairing negotiations with Time Warner for BigBand's switched digital video and CMTS products. Previously, Koval served as Executive Director, Business Development for the consumer products division of ATI Technologies, Inc. and as Vice President and General Manager of the broadband division of Microtune, Inc.
From 1999-2001, Koval was Vice President, Marketing & Product Management for Motorola Broadband Communications Sector, where his responsibilities included sales, new product launches and the creation of equity-based strategic partners with other vendors. Koval's career also has included positions as Vice President, Sales for Thomas & Betts Corp. and other sales and product management positions with Amoco Laser Company, a division of Amoco Corporation; Sumitomo Electric Fiber Optics Group, Inc.; and Ametek, Inc.
Koval is a Dean's List graduate of Villanova University with a B.S. in Business Administration. He is a member of the Society of Cable Telecommunications Engineers (SCTE) and the American Marketing Association (AMA).
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 http://www.vyyo.com/.
Safe Harbor Statement Statements made in this press release relating to the future, including those related to the opportunities created for our customers given our ability to provide spectrum overlay solutions and our ability to dramatically increase upstream and downstream bandwidth, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our business and results of operations to differ materially from those expressed or implied by such forward-looking statements. Risks that may cause these forward-looking statements to be inaccurate include among others: whether we will be able to accelerate the movement from development stage to deployment and establish meaningful commercial relationships with cable system operators; the current limited visibility available in the telecommunications and broadband access equipment markets; the willingness and ability of operators to adopt our new technology and apply it in a manner that meets customer demands; our ability to produce and distribute our spectrum overlay and T1 solutions in the quantities, and with the quality control, desired by the market; and other risks set forth in our annual report on Form 10-K for the year ended December 31, 2006, our quarterly reports on Form 10-Q and other reports filed by us with the Securities and Exchange Commission from time to time. We assume no duty to update these statements.
All trademarks mentioned herein are the property of their respective owners. DATASOURCE: Vyyo Inc.
CONTACT: PUBLIC RELATIONS - Paul Schneider of Paul Schneider Public Relations, Inc., (w) +1-215-702-9784, (m) +1-215-817-4384, ; or INVESTOR RELATIONS Walt Ungerer VP, Corporate Communications of Vyyo Inc., +1-678-488-0468, Web site: http://www.vyyo.com/
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