Accomplished Telecom Leader Joins Tropic Networks as Chairman: Bob Annunziata Brings Deep-Rooted Industry Experience to Tropic.Business Editors/High-Tech Writers OTTAWA, Canada--(BUSINESS WIRE)--Aug. 26, 2003 Tropic Networks Inc., a developer of metro regional 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 systems announced today that Mr. Bob Annunziata would be joining the Board of Directors as non-executive Chairman. Effective immediately, Mr. Annunziata will assist Tropic's senior management team as they continue to secure strategic alliances and penetrate the cable, telephony and data market space with Tropic's leading products and solutions. Mr. Annunziata joins Tropic with an impressive leadership track record and excellent standing within the business community. He is credited with the establishment and development of Teleport Communications Group Teleport Communications Group (TCG) was the first Competitive local exchange carrier (CLEC) in the U.S. First formed in 1985, it competed with the existing telephone companies to provide dial tone and related services in the largest U.S. markets. (TCG (Trusted Computing Group, Beaverton, OR, www.trustedcomputinggroup.org) The successor to the Trusted Computer Platform Alliance (TCPA), announced in 2003 by founding members AMD, HP, IBM, Intel and Microsoft. ). Mr. Annunziata built TCG into the first and largest Competitive Local Exchange Company (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ). AT&T later bought TCG for $11.3 billion and Mr. Annunziata became President of AT&T's Business Services unit. Shortly after, in 1999, Mr. Annunziata became Chief Executive Officer and a Director of Global Crossing. Under Mr. Annunziata's leadership, the company grew from 150 to more than 14,000 employees, with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of $4 billion. In May of 2000, he was appointed Chairman of the Board at Velocita Corporation. He was later named Executive Chairman where he served until August 2002. Currently, Mr. Annunziata serves as Chairman of the Board of Directors of the YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. of Greater New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . He also serves on the boards of ThruPoint Inc. and ADC Telecommunications, Inc. "Tropic Networks is an excellent company with solid financial backing. The TRX-24000(TM) platform offers compelling technology that will significantly improve the business case for metro/ regional DWDM deployments," said Mr. Annunziata. "This product delivers on what many have promised for some time and as a service provider, I personally had been seeking for the last 5 years." "It is an honor to have Bob join the Board and we look forward to working with him to make the company more successful. Bob brings with him excellent industry contacts and a leadership profile that speaks for itself," said Kevin Rankin, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Tropic Networks. About Tropic Networks Founded to meet the challenges specific to building cost effective and scalable metro-optical networks, Tropic Networks offers next generation solutions that help carriers minimize costs and maximize profits. The Tropic Networks TRX-24000 metro-optical transport platform allows carriers to optimize their optical infrastructures, while leveraging existing network assets. Tropic offers reconfigurable metro-optical networking alternatives that enable carriers to build manageable, flexible and usable metro-optical networks. Headquartered in Ottawa, Canada, Tropic was founded in May 2000. The company is privately held and venture capital backed. |
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