ADVA Optical Networking Announces New Corporate Officer and Strategic Investment in OptXCon.Business Editors RAMSEY, N.J.--(BUSINESS WIRE)--March 28, 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. (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 Brian P. McCann as Chief Sales & Marketing Officer and the funding of a strategic investment in OptXCon Inc. Brian P. McCann will be appointed as Chief Sales & Marketing Officer, and will assume responsibility for global sales, marketing and product marketing efforts. Brian P. McCann was formerly President of ADVA Optical Networking Inc., USA, and responsible for all sales and marketing activities in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market since 1996. Brian L. Protiva will retain his title of Chief Strategy Officer and be responsible for strategy and research and development. Andreas G. Rutsch will retain his title of Chief Financial Officer and responsibilities for corporate finance/M&A, investor relations Investor relations The process by which the corporation communicates with its investors. , personnel and legal affairs. Stephan Offermanns will also retain his title of Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and responsibilities for production, logistics, quality and IT. Claus-Georg Muller, formerly Chief Technology Officer, will become a member of ADVA's Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. upon shareholder approval at the annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. on May 24, 2000. Brian L. Protiva said, "The change in leadership and responsibilities at ADVA marks a decisive strategic move towards the important North American optical networking market. Brian McCann Brian McCann may refer to
Strategic Investment in OptXCon, Inc. ADVA also announced a strategic investment in OptXCon, Inc., a U.S.-based start-up focusing on optical cross-connect A network device used by telecom carriers to switch high-speed optical signals (OC-3, OC-12, OC-48, etc.). It differs from a digital cross-connect in that it deals with multiple high-speed signals that are switched in their entirety and not multiplexed together. solutions for Metropolitan Area Networks and Enterprise Networks. OptXCon, Inc. has been founded by the former Chief Operating Officer of Canoga Perkins, Donald P. Bouchard. ADVA will own 49% of the business and provide shareholder loans as working capital to the start-up over a period of two years, at which point it holds an exclusive option to purchase the business. Brian L. Protiva stated, "This strategic investment reflects our belief in the importance of optical cross-connects in the future optical networking market. Optical cross-connects will complement our platforms of optical integrated access devices An IAD is a customer premises device that provides access to wide area networks and the Internet. Specifically, it aggregates multiple channels of information including voice and data across a single shared access link to a carrier or service provider PoP (Point of Presence). (OIADs) and metro access core systems and provide significant benefits to our telecommunication carrier and enterprise customers." About ADVA Optical Networking ADVA Optical Networking is a global leader in optical networking. Since its foundation in 1994, ADVA has specialized in the design, development and delivery of cost-effective optical networking solutions. Its products are implemented in both private and public networks, including Data Centers, Storage Area Networks (SAN), and Metropolitan Area Networks (MAN) for fiber-based data services to the enterprise. Products and services are distributed via a global network of strategic business partners. The company currently has an installed base of more than 200 service providers and private enterprise customers. ADVA is headquartered in Munich, Germany, with a production and R&D facility in Meiningen and sales offices in Bristol, United Kingdom; Paris, France; Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now , USA; and Tokyo, Japan. Visit www.advaoptical.com for more information about ADVA Optical Networking. The statements contained in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, but are not limited to, the statements regarding investments in OptXCon, Inc. Such forward-looking statements involve risks that could cause actual results to differ significantly from anticipated results. Risks that could cause actual results to differ significantly from such forward-looking statements include, but are not limited to, those contained in ADVA's 1999 annual report. Published by: ADVA Optical Networking AG, Martinsried/Munich and Meiningen, Germany ADVA Optical Networking Inc., Ramsey, New Jersey, USA |
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