CIENA's CoreDirector Awarded Network Magazine Product of the Year.Business Editors/Hi-Tech Writers LINTHICUM, Md.--(BUSINESS WIRE)--May 9, 2001 CIENA Corporation Ciena Corporation NASDAQ: CIEN develops and markets communications network platforms and software, and offers professional services. The Company's broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CIEN CIEN Ciena Corporation (stock symbol) ), a global leader in intelligent optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. systems and software, today announced that its MultiWave CoreDirector(TM) has been awarded Network Magazine's "Product of the Year" award in the Internet Core Device category. CIENA will accept the award today in conjunction with NetWorld+Interop 2001 in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . CoreDirector is the market's leading intelligent optical core switching system that provides the high-bandwidth switching, protection and provisioning capabilities for next-generation optical networking. With built-in networking intelligence, CoreDirector uses advanced software designed to enable service providers to quickly create and deliver differentiable dif·fer·en·tia·ble adj. 1. That can be differentiated: differentiable species. 2. Mathematics Possessing a derivative. , dynamic new optical services at any time, any size and any priority. With density up to 640 Gbps/bay, scalability to OC-768, and granularity to STS-1, CoreDirector enables carriers to design new, highly customized services while eliminating the need for additional legacy SONET/SDH add/drop multiplexers A device installed at an intermediate point on a transmission line that enables new signals to come in and existing signals to go out. In a typical example, most signals pass through the device, but some would be "dropped" by splitting them from the line. , digital cross-connects A network device used by telecom carriers and large enterprises to switch and multiplex low-speed voice and data signals onto high-speed lines and vice versa. It is typically used to aggregate several T1 lines into a higher-speed electrical or optical line as well as to distribute signals , and optical cross-connects A network device used by telecom carriers to switch high-speed optical signals (OC-3, OC-12, OC-48, etc.). It differs from a digital cross-connect in that it deals with multiple high-speed signals that are switched in their entirety and not multiplexed together. . Recent studies show that CoreDirector is a cost-effective network solution (providing capital expense savings, operational expense savings and revenue enhancements revenue enhancement An increase in revenues, especially by way of increased taxes. Revenue enhancement includes reducing taxpayer deductions and eliminating tax credits. ) and that in the first year alone CoreDirector could provide economic benefits of more than three times the initial capital investment relative to legacy networking solutions.(a) "CIENA's suite of intelligent optical switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. allows fast edge-to-core service provisioning across the network for next-generation applications," said Dan Klausmeier, chief technology officer of CIENA's Core Switching Division. "We're pleased to receive this award on behalf of so many committed employees throughout CIENA who have dedicated themselves to bringing this outstanding product to market. "We particularly would like to acknowledge our customers who have partnered with us to simplify the network core, to eliminate unnecessary network costs, and to enable new revenue services previously not possible with older legacy architectures." Network Magazine's editors, with help from the analyst, vendor and user communities, select winners based on several criteria. The winning products display significant new capabilities ahead of their competitors; represent breakthroughs in performance and price; and solve problems that affect a wide cross section of the magazine's readers. A winning product must have been available for deployment in the year 2000, and had to be the most significant product in its category. (a) Source: McKinsey & Company Economic Value Analysis Model. ABOUT CIENA CIENA Corporation's market-leading optical networking systems form the core for the new era of networks and services worldwide. CIENA's LightWorks(TM) architecture enables next-generation optical services and changes the fundamental economics of service-provider networks by simplifying the network and reducing the cost to operate it. Additional information about CIENA can be found at www.ciena.com. NOTE TO INVESTORS This press release contains certain 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. based on current expectations, forecasts and assumptions of CIENA (the Company) that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to, CoreDirector's ability to provide the high-bandwidth switching, protection and provisioning capabilities for next-generation optical networking, CoreDirector's ability to use advanced software to enable service providers to quickly create and deliver differentiable, dynamic new optical services at any time, any size and any priority, CoreDirector's ability to enable carriers to design new, highly customized services while eliminating the need for additional legacy SONET/SDH add/drop multiplexers, digital cross-connects and optical cross-connects, and the cost savings, deployment timing and network management benefits of the Company's products, are based on information available to the Company as of the date hereof. The Company's actual results could differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with the Company's business, which include the risk factors disclosed in the Company's Report on Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission on February 15, 2001. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion