FOXBORO, Mass. -- Telco Systems, a BATM Company and a leader in network edge technology and IP switching platforms, today announced that BATM Advanced Communications (LSE: BVC), a leader in IP networking has won a contract to supply IP networking equipment to Hanaro Telecom in South Korea. The contract is initially estimated to be worth more than $5 million. Telco Systems and BATM will start to ship equipment for delivery before the end of this year and will continue in 2002. Hanaro Telecom is a leading provider of broadband Internet access bundled with voice telephony, multimedia content and corporate data services. It is the only CLEC in South Korea licensed to provide voice and data services and to build its own network. Telco Systems and BATM will supply Hanaro with the T-Series product line of advanced IP routing switches with high-speed traffic shaping. The equipment will enable connection of any number of interactive users over advanced mixed fiber/copper metropolitan IP networks. Commenting on the win, Dr. Zvi Marom, CEO of BATM said: "I am very pleased that Telco Systems and BATM won the Hanaro contract. Not only does it strengthen our push into the Asian telecom markets, it also demonstrates that carriers are turning to us for IP solutions because of our trusted relationship and our proven track record of delivering solid, carrier-class products. The bandwidth provisioning capabilities of EdgeLink and T-Series IP platforms enable service provides to provide differentiated and enhanced services." Telco SystemsBATM Advanced Communications Ltd.