Apogee Networks Announces Sales Partnership With CTC; Usage Based Billing Software for Enterprises and Service Providers Now Available for Burgeoning Asian Marketplace.

Business/Technology Editors

SADDLE BROOK, N.J.--(BUSINESS WIRE)--Sept. 11, 2001

Apogee Networks, the global provider of advanced Content, and IP Rating, Billing, and Settlement platforms, today announced it entered a reseller partnership agreement with Itochu Techno-Science Corporation (CTC).

Apogee Networks recently announced the opening of its Asian headquarters in Tokyo, Japan. The company's relationship with CTC further strengthens Apogee Networks' commitment to satisfy customer demands in the Asian marketplace.

"Our partnership with CTC in Japan, provides Apogee Networks with a major, global, competitive advantage," said Apogee Networks' Executive Vice President of Worldwide Field Operations, Nina Aversano. "Apogee Networks has seen significant growth in revenues as it continues to win customers throughout the United States and Europe. Our accelerated efforts in Asia represent a major new revenue opportunity."

Apogee Networks provides the industry's first content usage based billing software for Enterprises and Service Providers. On the Enterprise side, NetCountant(R) Accountability provides large global IP networks with the unique capability to identify, measure, and bill back all network bandwidth consumption. This represents a major advancement for CFOs and CIOs to implement "best accounting practices" whereby all network consumption can be fairly and accurately allocated to users. NetCountant Accountability supports complex pricing, including time of day, region, user, or application, etc.

NetCountant(R) Billing and Settlement provides a full end-to-end billing capabilities as well as real-time billing, flexible service creation, advanced content processing, revenue settlement capabilities and high scalability for Content Distributors, ASPs, ISPs, Carriers, Wireless Internet providers and Global 2000 Enterprise customers. The billing capabilities include real-time billing services, flexible service creation and unprecedented scalability to meet the challenges of rapid customer growth and implementation of new business and revenue plans. The settlement capabilities include providing Content Distributors with a revolutionary capability to build revenue settlement systems that can scale to process billions of content transactions daily.

About CTC

CTC provides eminent solutions for building enterprise network systems. Since our establishment in 1972, we have made "customer satisfaction" our motto, supporting almost all the market segment such as Telecommunications, Finance, Manufacturing, Transportation, Medical, Service and so on. Having built a solid relationship with world-class leading IT companies such as Sun Microsystems and Cisco Systems we are able to offer our customers a suitable system based on our plentiful knowledge from years of experience.

Our partner supplier network includes approximately 120 overseas companies in nine countries involved in leading edge, innovative technologies that are second to none. We additionally provide service with maintenance 24 hours a day, 365 days a year, in more than 80 service/support bases covering all Japan. We always strive to further enhance customer satisfaction with a horizontal infrastructure to ensure a timely response to our client's business needs.

About Apogee Networks

Headquartered in Saddle Brook, New Jersey, Apogee Networks, Inc. develops Content and IP Rating, Billing and Settlement solutions for Content Distributors, ISPs, Carriers, Wireless Internet Providers and Enterprise customers. Apogee Networks' NetCountant(R) award-winning product line provides full end-to-end content, revenue settlement, IP billing and usage based chargeback solutions. Uniquely, NetCountant Billing provides real-time billing, flexible service creation and high scalability to meet the challenges of rapid customer growth. Apogee Networks' NetCountant Settlement provides advanced Content aggregation and revenue settlement capabilities. NetCountant Accountability provides Global 2000 Enterprise customers with the capability to better manage and allocate IP usage thereby realizing significant bandwidth cost savings. The company recently was awarded Billing World Magazine Excellence Awards 2001 for "Best Financial Software", Finalist 2001 Best of Show NetWorld+Interop, Software Business Magazine's 2001 Software Industry Award, 2001 Frost and Sullivan Market Engineering Award for Product Innovation, 2001 OSS Excellence Awards, Finalist/Runner-up, COMNET 2001 New Product Achievement Award, 2000 Communications ASP Product of the Year, 2000 Internet Telephony's Product of the Year Award, 1999 Telecom Business Top 500 Award and 1998 Best of Show NetWorld+Interop Award. Apogee Networks is a Charter member of the Internet Protocol Detail Record (IPDR) Association.

Investors include Banc of America Securities LLC, Cisco Systems, Fidelity Ventures Limited, Granite Ventures, Oak Investment Partners, INTEL 64 Fund, BBVA, Net One Systems Co., Ltd., and CTC. For additional information call 1-888-APOGEE3 (276-4333), 1-201-368-8800, or email [e-mail], or visit us at http://www.apogeenetworks.com.