Marnetics, a subsidiary of Marnetics Broadband Technologies announced the approving of a grant in the sum of $230,000 from the Office of the Chief Scientist in the Ministry of Industry and Trade of the state of Israel.
The grant will finance a part out of a $500,000 research and development budget of Marnetics for the development of the Prospera product line. "The approval of the grant, after in-depth research by the Research committee together with the first installations, such as in Barak Communication -- one of the largest services provider in Israel, serves as another testimony for the technology of the Company. The grant will assist Marnetics to improve its products, that will be vital solutions for managing wide area networks," said Chairman of the Board Menachem Reinschmidt.
The Company, through it's subsidiary, Marnetics, specializes in the development of Network Capacity Enhancement solutions and Network Information Systems. Prospera, the Marnetics' product line, which includes the MegaLink and Expert, is a platform for IP networks, that features capabilities such as enhancing number of sessions, performing QoS, panoramic view of network information and capacity planning and protection of mission-critical applications. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
