ADVA Optical Networking Announces Record Quarterly Sales and Profits.RAMSEY, N.J.--(BUSINESS WIRE)--Nov. 16, 1999-- Metro Optical Networking Solutions Power Strong Performance in Third Quarter 1999 ADVA ADVA American Deaf Volleyball Association ADVA Advanced Soviet Optical Networking (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) ) today announced it achieved record quarterly revenues and profits in the three-month period ending September 30, 1999. ADVA, a global leader in the optical-networking market, recorded sales of $7.047 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. ) and profits of $840,000 in the third fiscal quarter of 1999. The figures represent a 118-percent growth in sales and 265-percent gain in profits from third quarter 1998. After the record quarter, ADVA has posted $15.664 million in sales and $979,000 in profits through the first nine months of 1999 - increases of nearly 86 percent and 198 percent, respectively, over the first nine months of 1998. Market acceptance of ADVA's Fiber Service Platform (FSP FSP - File Service Protocol ) products is primarily responsible for the surge in revenues and earnings. ADVA's FSP solutions enable carriers to deploy optical-networking services, including Wavelength Division Multiplexing See WDM. (communications) wavelength division multiplexing - (WDM) Multiplexing several Optical Carrier n signals on a single optical fibre by using different wavelengths (colours) of laser light to carry different signals. (WDM (1) (Wavelength Division Multiplexing) A technology that uses multiple lasers and transmits several wavelengths of light (lambdas) simultaneously over a single optical fiber. ), in Metropolitan Area Networks (MANs). FSP sales accounted for 50 percent of ADVA's overall revenues in third quarter 1999. "The market for metro optical networking is clearly emerging in the direction we have focused - access and enterprise applications. Our third-quarter sales and profitability results affirm our ability to execute on our corporate commitment to the Fiber Service Platform," said Brian McCann, president of ADVA Optical Networking, Inc. "We developed and introduced our FSP products based on real feedback from large enterprise users and carriers who have required a single optical platform to offer high-speed services to enterprise facilities. The FSP-I and FSP-II are the most cost-effective, proven solutions satisfying this need." Two new strategic relationships contributed to ADVA's strong performance. Alcatel (NYSE NYSE See: New York Stock Exchange : ALA) placed its initial orders for ADVA's FSP-II product during the third quarter; in June 1999, ADVA and Alcatel announced an Original Equipment Manufacturer (OEM) agreement, under which Alcatel markets, sells and supports the FSP-II in North America as the 1690 OADM OADM Optical (WDM) Add-Drop Multiplexer OADM Optical Add Drop Multiplexer for carrier networks. Also during the quarter, Storage Technology (NYSE: STK), a leading vendor of data-storage and Storage Area Networking (SAN) applications, began selling ADVA's WDM products globally. Alcatel and Storage Technology join INRANGE Technologies in ADVA's network of strategic business partners. INRANGE Technologies is an industry leader in sale, service and technical support of data-center-networking channel-extension products. Also, ADVA today announced plans to open an Asia-Pacific sales office in Tokyo in early 2000. About ADVA Optical Networking ADVA Optical Networking designs, develops and delivers cost-effective optical networking solutions. ADVA's products are implemented in both private and public networks, including Data Centers, Storage Area Networks (SAN), Local Area Networks (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) and Metropolitan Area Networks (MAN) for fiber-based data services to the enterprise. ADVA's new flagship Fiber Service Platform offers carriers the highest performance, most cost-effective optical networking solution available today for enterprise connectivity, including WDM and DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing technology. Publicly traded on the German Neuer Markt stock exchange since March 29, 1999, ADVA AG (Neuer Markt: ADV) was founded in Munich, Germany in 1994 as a provider of fiber-optic systems and sub-systems. ADVA distributes its products and services via a global network of strategic business partners. ADVA is headquartered in Munich, Germany, with a production and R&D facility in Meiningen and sales offices in Bristol in the United Kingdom, Paris, France, and 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 , in the United States. The company currently has an installed base of more than 200 service providers and private enterprise customers. Visit www.advaoptical.com for more information about ADVA Optical Networking. ADVA and the ADVA logo are trademarks of ADVA Optical Networking. All other trademarks are the property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion