Wednesday, June 05, 2002
Hughes Software Systems (HSSL), specialists in convergent
network software, today announced that it has bagged a contract
from Thrane & Thrane, a leading supplier of Inmarsat terminals
& ground stations, for supplying Radio Network Controller
(RNC) side UMTS stacks & services to
implement a Core Network Gateway (CNG).
The solution will be used as a bridge between
proprietary satellite network technology and 3G services to
the user. For the end user, this entails the usage of satellite
wireless for broadband 3G applications and usage. This fixed
price contract entails the supply of core 3G stacks and
development services for interfacing in a mobile network.
"We are excited about working with Thrane
& Thrane," said C. P. Murali AVP, business development,
HSSL.
"This relationship leverages on our capabilities
built over the years to bring next generation solutions to
the market place in time," he added.
On Tuesday, HSSL announced the release of its
upgraded SIGTRAN suite of protocol stacks consisting of the
SCTP software product.
The SCTP stack is part of the complete range
of SIGTRAN Suite protocols like M2UA, M2PA, M3UA, IUA and
SUA. The products are available from HSSL in the source code
and binary form.
On Monday, HSSL unveiled its unique and adaptable
Service Creation Environment (SCE) product for convergent
services in next generation networks at Supercomm 2002.
HSSL's SCE is a standalone product, which meets
the requirements for end-to-end service creation and integration
for both proprietary as well as standards based core networks
and application platforms.
SCE delivers customer value on a sustained basis
by enabling rapid development and maintenance of revenue generating
service at reduced costs, faster time to market for new applications
and quick turnaround for customer-specific application customisation
needs.
Last month, HSSL announced a tie-up with solutions
provider Motorola to provide mediation and service activation
solution for Bharat Sanchar Nigam's (BSNL) cellular technology
GSM network. This is the first time that HSSL has partnered
with a leading vendor such as Motorola in India for
implementing its ready-to-deploy billing mediation solution.
HSSL is a subsidiary of Hughes Network Systems
(HNS), a unit of Hughes Electronics Corporation (HEC). HNS
is a networking company, dedicated to providing products and
services to build and operate digital communication networks
worldwide. HNS is the world leader in VSAT-based networks.
HEC is a world leader in the design, manufacture and marketing
of advanced electronic systems. It was a wholly-owned subsidiary
of General Motors Corporation, USA.
HNS India Inc is the principal shareholder in
HSSL. The promoter holding in HSSL is 55.72%.
However, on 29 October 2001, General Motors
entered into an agreement to sell HEC to EchoStar Communications
Corp for $25.8 billion in cash and shares. General Motors
and HEC together with EchoStar Communications signed definitive
agreements that provide for the spin-off of HEC from GM and
the merger of HEC with EchoStar.
This merged company would use the EchoStar name
and adopt the DIRECTV brand for its services and related products.
HSSL has posted a net profit of Rs 12.7 crore
for the quarter ended 31March 2002 as compared to Rs 22.1
crore in the corresponding period previous fiscal. Total income
decreased from Rs 64.5 crore in the quarter ended 31 March
2001 to Rs 61.2 crore in the quarter ended 31 March 2002.
The company has posted a net profit of Rs 52.2
crore for the year ended 31 March 2002 as compared to Rs 62.9
crore for the previous year ending 31 March 2001. Total income
increased from Rs 209.5 crore in the financial year ended
31 March 2001 to Rs 248.1 crore in the year ended 31 March
2002.
The HSSL scrip closed 2.98% higher at Rs 233.50
on the BSE today, with a volume of 56,220 shares.
Last updated : February 2, 2004
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