Accelerated Networks Announces Management Changes.Business Editors/High-Tech Writers MOORPARK, Calif.--(BUSINESS WIRE)--Nov. 27, 2000 Accelerated Networks (Nasdaq:ACCL ACCL American Canadian Caribbean Line ACCL Acceleration ACCL American College of Construction Lawyers ACCL Accreditation Council for Clinical Lipidology (Allied Health Certification Program) ACCL Amway China Co Limited ) today announced the promotion of Edward E. Thurman to president and 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. . Thurman will assume the day-to-day operational and management functions, reporting to founder, chairman and chief executive officer Suresh Nihalani who will continue to focus on strategic development and business planning. Thurman joined Accelerated Networks earlier this year as chief technology officer where he has been instrumental in guiding the Company's product and technology direction, with a particular emphasis on very large scale multiservice broadband access See broadband and wireless broadband. deployments typically encountered by larger IXCs and RBOCs. Thurman offers Accelerated a unique combination of strong technical and effective management capabilities. Prior to joining Accelerated, Thurman spent approximately five years with Sprint where he was responsible for the Advanced Technology Development group, which conducted the technical development for Sprint's Integrated OnDemand Network (ION ion, in chemistry ion, atom or group of atoms having a net electric charge. Positive and Negative Electric Charges A neutral atom or group of atoms becomes an ion by gaining or losing one or more electrons or protons. ) offering. "I am delighted to advance Ed to this very important position within Accelerated Networks, as he has proven to be a valuable addition to our senior management team," stated Suresh Nihalani. "His unique knowledge of the large service provider market, combined with his proven ability to lead a technical organization is a strong complement to my strategic and business development capabilities. Together, we are better positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the continued growth opportunities for our business." In addition, the Company announced the promotion of Hitendra (Sonny son·ny n. pl. son·nies Used as a familiar form of address for a boy or young man. [Diminutive of son. ) Soni to vice president, worldwide sales. Soni replaces Charles D. Vogt who has resigned to take on a senior management role with a company that is not a competitor. Soni has been with Accelerated Networks since the beginning and has held a variety of senior management roles, most recently vice president of business development, and including vice president of worldwide sales, prior to Vogt joining Accelerated. He has significant industry experience and strong working relationships with both existing customers and prospects, thereby enabling a strong transition of relationships. The Company also promoted Fima Vaisman to vice president, marketing to replace Kevin Walsh, who has resigned to take on a senior management role within a company that is not a competitor. Vaisman has been with Accelerated since its infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. and carries considerable industry experience and relationships that will continue to enhance the visibility of Accelerated in the marketplace. "We are delighted to have professionals of the caliber of Sonny and Fima taking on more senior roles at Accelerated," stated Ed Thurman, chief operating officer. "These are two of the most accomplished executives and I'm glad to have them on my team and to be able to count on them to take on our client and marketplace relationships." Added Nihalani, "Accelerated continues to experience significant growth and change in a large, expanding marketplace. We remain confident about the market fundamentals for our multiservice broadband access approach and believe that we have the management capability to capitalize on this market opportunity." About Accelerated Networks Accelerated Networks develops and markets multiservice broadband access products that enable telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. to bundle voice and data services over a single broadband access network. These products are designed to allow service providers to efficiently and cost-effectively deliver and manage multiple voice and data services using DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary , T1, NxT1, or DS3 technologies. Accelerated's products also allow service providers to leverage emerging technologies such as voice over DSL (VoDSL) and frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. over DSL (FRoDSL) over a single broadband access network. Accelerated Networks offers all three components of a complete multiservice broadband access solution: NEBS-compliant regional POP voice gateways and central office concentrators, and customer premises carrier-class 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). (IADs). For additional information, please visit www.acceleratednetworks.com. |
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