Accelerated Networks Provides Customer Update.Business Editors MOORPARK, Calif.--(BUSINESS WIRE)--Dec. 15, 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 provided an update as it relates to recent customer developments. The company announced that one of its customers, CTC CTC - Cornell Theory Center Communications, has advised Accelerated that it is reassessing its equipment needs for the ongoing build out of CTCs multiservice broadband network. CTC has notified Accelerated that it does not intend to take the $3.6 million of products that were originally scheduled for the fourth quarter of 2000, but rather, that it intends to order products on an as-needed basis in the future, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CTCs newly implemented just-in-time inventory system. In a separate announcement, the company stated that it has been named a major supplier to Siemens Carrier Networks, LLCs $150 million end-to-end broadband equipment and services contract for Winstar Communications. Specific terms of the contract were not disclosed. However, the Company is currently working closely with Siemens and Winstar to better determine Winstar's roll-out plans over the next two years. Portions of this news release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events or the future performance of the company. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from the results indicated by such statements. These factors include, but are not limited to, general market conditions affecting telecommunication service providers' purchase of equipment, in particular DSL-related equipment, changes in service providers' business models, the rate our customers deploy their networks, our customers ability to secure financing, the timing of orders and shipments of our products, mix of products sold, changes in the prices of our components, ability to maintain production volumes and secure key components, and our ability to develop new products to meet market demand. The company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. We refer you to the documents the company files from time to time with the Securities and Exchange Commission, specifically the company's Registration Statement on Form S-1 filed in connection with its initial public offering and its quarterly report filed on Form 10Q filed on Nov. 14, 2000. These documents contain and identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements. About Accelerated Networks Accelerated Networks, headquartered in Moorpark, Calif., is a market leader in multiservice broadband access See broadband and wireless broadband. (MSBA MSBA Maryland State Bar Association MSBA Minnesota State Bar Association MSBA Missouri School Boards' Association MSBA Minnesota School Boards Association MSBA Master of Science in Business Administration MSBA Microsoft Security Baseline Analyzer ) 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 secure multiservice broadband access 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/E1, NxT1/E1, or DS3/OC-3 technologies. Accelerated's products also allow service providers to leverage emerging technologies such as voice over broadband (VoB) 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 of the components of a complete multiservice broadband access solution: carrier-class voice gateways, central office and multi-tenant unit concentrators, and a broad range of customer premises 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, visit www.acceleratednetworks.com. |
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