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Zaxel Systems, Inc. Relocates to Meet Customer and Employee Growth

Zaxel Systems, Inc. Relocates to Meet Customer and Employee Growth

Pittsburgh, PA (June 28, 2001) - Due to an intensified growth in the number of employees and customers, Zaxel Systems, Inc. has moved from its location in the Carnegie Mellon NREC facility to the historic Ice House Building in Lawrenceville, at 100 43rd Street in historic Lawrenceville.

"This move allows Zaxel to take part in the revitalization of the Lawrenceville commercial district while reaffirming Zaxel's commitment to the Pittsburgh community" stated Nori Suzuki, President and CEO of Zaxel Systems, Inc. The newly renovated 5,437 square foot space will accommodate the studio, engineering, conference and general office activities. Artists and Cities, a non-profit real estate development organization, converted the 94-year-old Ice House building into office space along with art-related studios, group workshop and rehearsal spaces.

Suzuki further stated "the move from Carnegie Mellon facilities to the Icehouse Building marks Zaxel's evolution from a startup organization to a profit-generating company." Zaxel's growth is a result of efforts to leverage core technologies of Video Servers and Applications and 3D Video Solutions. Since it's incorporation in March of 1998, Zaxel has grown from one to over 15 employees. Zaxel products are in use by both beta and established customers around the world.

About The Ice House
Built in 1907, the Ice House operated as Factory No. 2 of The Consolidated Ice Company, which shipped ice down river from upstate New York and stored it in Pittsburgh for sale. The Chautauqua Ice Company later purchased the building and made ice in both the Icehouse Building and in what is now the Heinz History Center in The Strip District.

About Artists and Cities, Inc.
Artists and Cities, Inc, a non-profit real estate development organization was founded in 1994 to help artists live and work in Pittsburgh. Their first project was the $4.5 million Spinning Plate Artist Lofts, 37 affordable live/work apartments for artists and their families. The Artist Lofts are housed in an historic building in Friendship/East Liberty and opened in November 1998.

About Zaxel Systems, Inc.
Co-founded by Nori Suzuki, former executive vice president of Sony Electronics Inc. in charge of Research and Development, and former director of IBM Tokyo Research Laboratory; and Takeo Kanade, former director of Carnegie Mellon's Robotics Institute and internationally recognized expert in vision systems, Zaxel Systems, Inc. has been creating Video Servers and Applications and interactive 3D Video Solutions since March 1998. Video Servers and Applications from Zaxel cut hardware costs and increase quality for the e-cinema, semiconductor inspection and medical imaging industries. 3D video products from Zaxel target the training, sports and entertainment markets, allowing content creator to deliver a new level of interaction and new depth of information to viewers. Surrounder products from Zaxel target the product imaging market, providing product visualization solutions to manufacturers, retailers, wholesalers and others seeking to improve product merchandising. Zaxel systems, Inc. has offices in Los Altos Hills, CA and Pittsburgh, PA.

Learn more about Zaxel Systems at www.zaxel.com