Accelerated Networks and Occam Networks File S-4 Registration Statement Pursuant to The Proposed Merger Of The Two Companies.

Business/High Tech Editors

MOORPARK & SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Dec. 24, 2001

Accelerated Networks, Inc. (Nasdaq:ACCL), a developer of multiservice broadband access solutions for communications service providers, and Occam Networks, Inc., a supplier of broadband loop carrier access equipment to global telecommunications service providers, today filed the Form S-4 Registration Statement pursuant to the definitive merger agreement announced on November 12, 2001.

The document can be found later this week at http://www.sec.gov/cgi-bin/srch-edgar?text=accelerated+networks.

About Occam Networks, Inc.

Occam Networks, Inc. develops and markets a suite of Broadband Loop Carriers, cost-effective, next-generation access platforms that enable Incumbent Local Exchange Carriers (ILECs) to overcome the limitations of today's local loop and profitably deliver a variety of traditional and packet voice, broadband and IP services. Privately held Occam Networks was founded in 1999. Since its inception, the company has received approximately $51 million in financing from private investors, including U.S. Venture Partners, New Enterprise Associates, Norwest Venture Partners, The Anschutz Group, Windward Ventures, Hook Partners and Crescent Ventures. The company is headquartered in Santa Barbara, Calif. Additional information about the company can be found at www.occamnetworks.com.

About Accelerated Networks, Inc.

Accelerated Networks, headquartered in Moorpark, designs and develops multi-service broadband access (MSBA) products that enable telecommunications service providers 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 multi-service broadband access services using DSL, 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 over DSL (FRoDSL) over a single broadband access network. Accelerated Networks offers a broad range of customer premises integrated access devices (IADs). Its AN-32 integrated Access Device (IAD) was named Network Magazine's Local Loop Access Device product of the year. For additional information, please visit www.acceleratednetworks.com.

Portions of this press release may contain forward-looking statements regarding future events or the future performance of the Accelerated Networks, Inc. and the merged company. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from any future performance suggested in such statements. These factors include, but are not limited to, general market conditions affecting communications service providers purchase of equipment, changes in service providers' business models, the rate our customers deploy their networks, our customers' ability to secure financing, the timing of order and shipments of products, mix of products sold, changes in the prices of our components, ability to maintain production volumes and secure key components, our ability to develop new products to meet market demand, and the effects of natural disasters, international conflicts and other events beyond our control. The Company undertakes no obligation to publicly update any forward-looking statements whether or as a result of new information, future events or otherwise. Please refer to the Company's recent quarterly report on Form 10-Q, annual report on Form 10-K and other filings with the SEC which contain and identify other important factors that could cause actual results to differ materially from those contained in any forward-looking statements.