The application that Genesis made to the TSB for a SMART grant towards the development of its DSL Rings system products was successful and the TSB has confirmed that Genesis will receive a grant of $400,000/£250,000.

Earlier this month AT&T Chairman & CEO, Randall L. Stephenson announced that AT&T has been unable to find a viable rural broadband solution.  More and more Telco’s are now realising the significant cost of a rural fibre solution cannot be justified.

Due to recent expansion of the development team and the need for a good demonstration facility, Genesis relocated to a new larger office on January 2nd this year.

On Thursday 12th January Pressac Communications signed an agreement to invest in Genesis Technical Systems.  The investment will be used to provide engineering and production resources to enable manufacture of the field trial products. Pressac are providing resources for engineering, mechanical design, procurement and manufacturing of the DSL Rings® solution.