ADVA Optical Networking Announces New Corporate Officer October 1, 2001.Business Editors/Technology Writers MARTINSRIED/MUNICH, Germany & RAMSEY, N.J.--(BUSINESS WIRE)--Oct. 1, 2001 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, today announced the appointment of Jurgen Hansjosten as Chief Sales Officer by its Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. on September 28, 2001. In his new role, Jurgen assumes global responsibility for sales, business development, and technical support. Jurgen, based in ADVA's Munich headquarters, was previously Executive Vice President of Sales for Europe, Middle East, Africa, and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. (EMEA/LA) at ADVA. He joined the company in May 2000, and was responsible for building up and integrating the EMEA/LA sales team from 5 to 40 people and growing annual sales over 200% from 2000 to 2001. He has been instrumental in positioning ADVA successfully with service providers and also expanding sales coverage in the region. Prior to ADVA, Jurgen gained extensive industry experience during a 7-year career at Siemens' Information & Communications Transport Networks division, where he was most recently the Senior Vice President of Sales Europe for SDH (Synchronous Digital Hierarchy) The European counterpart to SONET. See SONET. SDH - Synchronous Digital Hierarchy and Optical Networks and responsible for over 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. 500 million in annual sales. Brian P. McCann, ADVA's Chief Marketing and Strategy Officer, will retain global responsibility for marketing communications Marketing communications (or marcom) are messages and related media used to communicate with a market. Those who practice advertising, branding, direct marketing, graphic design, marketing, packaging, promotion, publicity, sponsorship, public relations, sales, sales and marketing alliances, but will now also be responsible for corporate strategy. Jurgen and Brian report directly to Brian L. Protiva, ADVA's Chief Executive Officer. "For ADVA to continue expanding our market presence and visibility, it is imperative that we both focus on growth opportunities we see today among service providers and enterprises, as well as create marketing alliances with leading vendors in the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. ," said Brian Protiva. "Our dominant positioning of products, solutions, and customers in Europe needs to be leveraged into other regions, particularly the leading market of North America. Jurgen has played a vital role aggressively driving our European business during his past 16 months with ADVA, and we are excited to bring his talents into play on a global scale. We want to better leverage Brian's location and industry experience into expanding partnerships and alliances with technology companies which are predominantly located in the United States and focus on expanding market visibility." Conference call and Webcast October 1, 2001 ADVA will host a conference call for investors to provide further details regarding the cost reduction measures announced last week at 3:00 p.m. CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr / 9:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy today, October 1, 2001. Investors may listen live via Webcast on ADVA's website. Participating in the call will be ADVA's Chief Executive Officer, Brian L. Protiva, and Chief Financial Officer, Andreas G. Rutsch. To listen to the Webcast, interested investors are encouraged to log onto the broadcast at least 15 minutes prior to the call, located on the media archives page in the investor relations Investor relations The process by which the corporation communicates with its investors. section of ADVA's website at http://www.advaoptical.com. The call will be archived as an audio file on ADVA's website. The conference call presentation will also be available on the media archives page in the investor relations section of ADVA's website at http:// www.advaoptical.com. THIRD QUARTER AND NINE-MONTH 2001 RESULTS ADVA will announce financial results for the third quarter and the first nine months of 2001 for the period ending September 30, 2001, on Tuesday, November 6, 2001. About ADVA Optical Networking ADVA Optical Networking is a leading global provider of optical networking solutions for the deployment, management, and delivery of high-speed services within the metropolitan area and enterprise markets. ADVA is leveraging its core technologies and expertise in the enterprise market to maximize growth opportunities in the exploding metro market. Key services include high-speed data, storage, and video applications. The ADVA product portfolio is sold through an international network of distributors, value-added resellers, and original equipment manufacturers, in coordination with ADVA's own regional sales offices and direct service-provider sales force. As of August 2001, over 37 metro service providers and 500 enterprises have deployed ADVA's systems. Founded in 1994 and headquartered in Munich, Germany, ADVA has nine sites worldwide. 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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