ADVA Optical Networking Acquires Telecom R&D Team from Siemens Norway.Business Editors MARTINSRIED/MUNICH, Germany & RAMSEY, N.J.--(BUSINESS WIRE)--Oct. 4, 2000 ADVA ADVA American Deaf Volleyball Association ADVA Advanced Soviet Optical Networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. (German Neuer Markt: ADV ADV Advertisement ADV Adverb ADV Advance/Advanced ADV Advantage (tennis) ADV Advise ADV Advocate ADV Advancement ADV Advent ADV Arbeitsgemeinschaft für Datenverarbeitung ADV Adversus (Latin: Against) ), a leading global provider of optical networking solutions, announces the acquisition of a leading team of telecommunication research and development (R&D) engineers from Siemens Norway. Under the terms of the agreement, the assets were purchased at a total purchase price of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 6 million. The purchase price was paid in shares of common stock in ADVA issued in exchange for the assets of the Telecom R&D team from Siemens Norway. This acquisition closed on September 25, 2000, and the total number of newly-issued non-bearer shares was 51,633. In conjunction with the acquisition, ADVA founded a Norwegian subsidiary, ADVA Optical Networking AS. The Telecom R&D engineers provide ADVA with significant Synchronous Digital Hierarchy (communications, standard) Synchronous Digital Hierarchy - (SDH) An international digital telecommunications network hierarchy which standardises transmission around the bit rate of 51.84 megabits per second, which is also called STS-1. (SDH (Synchronous Digital Hierarchy) The European counterpart to SONET. See SONET. SDH - Synchronous Digital Hierarchy ) / Synchronous Optical NETwork (networking) Synchronous Optical NETwork - (SONET) A broadband networking standard based on point-to-point optical fibre networks. SONET will provide a high-bandwidth "pipe" to support ATM-based services. (SONET) and Asynchronous Transfer Mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. (ATM) protocol knowledge, enhanced by their skill set in software management for network element managers. This acquisition highlights ADVA's focus on software management as a key element of its optical networking solutions, and underscores ADVA's position as the leading provider of optical networking solutions in the enterprise and metro access markets. "The Norwegian Telecom R&D team brings 32 engineers with valuable protocol knowledge and experience to ADVA, including SDH/SONET and ATM. Their expertise in developing leading software management platforms will significantly support and enhance further development of ADVA's ring and mesh network A communications network in which there are at least two pathways to each node. If one of the paths fails, the other is still available. A "fully meshed" network means that every node has a direct connection to every other node, which is a very elaborate and expensive architecture. capabilities, as well as ongoing network element manager development for our products," said Brian L. Protiva, ADVA's Chief Strategy Officer. The issuance of the new non-bearer shares for the closing of the acquisition of the Telecom R&D team from Siemens Norway results in a new nominal capital of 32,059,845 Euro for ADVA Optical Networking. About ADVA Optical Networking ADVA Optical Networking is a leading global provider of optical networking solutions to deploy, manage and deliver communication networks and high-speed services for the metropolitan area and enterprise markets. ADVA's product family is used by telecommunication and metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. service providers as well as enterprises to provide high-performance connectivity and delivery of high-speed data, storage, voice and video services. ADVA sells its products through a global network of distributors, value added resellers, and original equipment manufacturers including Alcatel, Cisco, and Siemens. As of September 2000, over 420 enterprises and more than 25 telecommunication service providers have deployed ADVA's equipment. ADVA is headquartered in Munich (Germany), with R&D centers in Cambridge and York (UK), Berlin and Meiningen (Germany), and Oslo (Norway). Worldwide offices are located in Berlin, Hannover and Munich (Germany); Cambridge and York (UK); Paris (France), Chicago/Illinois and Ramsey/New Jersey (USA); and Tokyo (Japan). Visit www.advaoptical.com for more information about ADVA Optical Networking. The economic projections and forward-looking statements contained in this document relate to future facts. Such projections and forward-looking statements are subject to risks which cannot be foreseen and which are beyond the control of ADVA AG Optical Networking. ADVA AG Optical Networking is therefore not in a position to make any representation as to the accuracy of economic projections and forward-looking statements or their impact on the financial situation of ADVA AG Optical Networking or the market in the shares of ADVA AG Optical Networking. Published by: ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany ADVA Optical Networking Inc., Ramsey/New Jersey, USA www.advaoptical.com |
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