Press Release

A major milestone advancing the Trans Europe Asia System (TEAS) was reached with the collaboration announcement between Stonecourt Capital, an investment firm based in New York, and the developer of TEAS, Cinturion Corp Ltd. TEAS is a new generation of data transport infrastructure which will serve the rapidly growing requirements of the markets between Europe and India.

“TEAS represents a unique opportunity to deploy an advanced network infrastructure which will provide an integration of data transport with open market access utilizing next-generation technology and is supported by local partners in each market. We are excited to be partnering with Cinturion and its experienced and knowledgeable team,” said Eric Gribetz, Managing Partner of Stonecourt Capital. “Our collaboration includes financial advice from Morgan Stanley & Co. LLC and legal (including specific industry) experience of Greenberg Traurig, LLP.”

“Stonecourt’s collaboration with Cinturion brings the TEAS project to the next phase of implementation,” says Greg Varisco, CEO of Cinturion. “We believe we have assembled a stellar team steeped in industry and technical experience, leading to the development of an excellent system design and important key relationships in the major markets between Europe and India. TEAS will provide a next-generation value to the data transport system requirements in and between these markets. Stonecourt’s partnership brings a sophisticated group to help ensure our success.”

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