Apogee Networks Wins 11th Annual COMNET New Product Achievement Award.

Business & Technology Editors

COMNET 2002

SADDLE BROOK, N.J.--(BUSINESS WIRE)--Jan. 31, 2002

NetCountant(R) Accountability 4.0 Recognized As An Innovative

Network Cost Allocation Solution for IT and Finance

Apogee Networks, the global provider of usage-based billing for chargeback and billing and settlement solutions today announced it is the winner in the 11th annual COMNET New Product Achievement Award in the New Carrier or WAN category for its innovative solution - NetCountant(R) Accountability.

The NetCountant Accountability system provides large Enterprise networks with the unique capability to capture and allocate all data bandwidth consumption on the network. This provides the CIO and CFO with a the ability to gain greater financial control of the network, increase visibility into the network's performance and change user behavior of the network. The end result is significant cost containment as well as improved efficiency of the network, thus ensuring the rapid introduction of new applications and services.

"This is a tremendous honor for Apogee Networks," said Andrew Burroughs, Apogee Networks' Chief Marketing Officer and GM. "Our NetCountant Accountability solution has enabled many global Enterprises to rapidly save millions of dollars by linking the cost of running IT services and applications directly to bandwidth consumption. A major innovation has been introduced to the NetCountant Accountability platform with the 4.0 release concerning usage-based billing for chargeback for shared IT services including network storage, application services, content delivery networks and Internet access. Now IT and Finance organizations will be able to fairly allocate all shared network related costs back to the user of the network. This represents a major industry first," added Burroughs.

Sponsored by InfoWorld, the COMNET New Product Achievement Awards recognize the best new products making their public debut at COMNET 2002.

About COMNET Conference & Expo 2002

COMNET Conference & Expo, produced by IDG World Expo, is the premier event for companies focusing their IT initiatives on building or growing a "smarter network." COMNET attracts top executive decision-makers, buyers and users of networking and communications infrastructure within organizations and government agencies. ESPWorld and Enterprise Application Summit, featured at COMNET Conference & Expo 2002, will provide additional insight and solutions for a range of issues faced by network and business leaders, such as handling in-house enterprise issues, assessing new applications and working with service providers. For more information, please visit www.comnetexpo.com.

About COMNET New Product Achievement Awards

The 11th annual COMNET New Product Achievement Awards, sponsored by InfoWorld, recognizes the best new products making their public debut at COMNET 2002. It is one of the most visible and successful New Product Programs in the industry. Prior to COMNET 2002, a panel of judges evaluated all entries and selected finalists in each of the categories. The categories being judged are the best new products/service in: Network Management, Carrier or WAN, LAN or Internetworking, Network Infrastructure, Wireless/Mobile, Security, Telephony/Fax or Conferencing and Most Innovative New Product or Service. The winners will be announced at the Awards Ceremony being held Wednesday, January 30th on the show floor from 3:30 pm - 4:30 pm. The ceremony is open to all attendees, exhibitors, press and speakers.

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. 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.