CIENA Launches Full-service Regional Headquarters in Hong Kong; New Facility Will Serve As Hub For Asia Pacific Operations.Business Editors/Hi-Tech Writers HONG KONG--(BUSINESS WIRE)--June 18, 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:CIEN CIEN Ciena Corporation (stock symbol) ), a global provider of 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 the launch of its Asia Pacific regional headquarters in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . The newly opened full-service office provides sales, training, testing and support facilities to staff and customers across the Asia Pacific region. The launch of the Hong Kong facility is the latest in a series of investments that underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine. (character) underscore - _, ASCII 95. the company's long-term commitment to the Asia Pacific region. In addition to CIENA's presence in the key Asian markets of Japan and Korea, the company is planning to launch sales offices in other major cities throughout Asia in the near future. CIENA already conducts business with leading Asian telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . "Asia is a key growth market for optical-based broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). solutions," said Claude Achcar, CIENA's managing director, Asia Pacific. "We've been closely monitoring developments across Asia Pacific, and now that our business in the region has reached critical mass, we believe the time is right to launch a full-service regional facility that is readily accessible to our growing base of customers." Gary Smith Gary Smith may refer to:
"CIENA's intelligent optical networking solutions suit the evolving needs of major service providers across Asia," Smith said. "Our customers are looking to migrate from their current network architectures to more cost-effectively support the introduction of new revenue-generating, high-bandwidth services, and at the same time, reduce capital and operating costs operating costs npl → gastos mpl operacionales to be competitive. CIENA's broad portfolio of solutions helps them achieve this goal by distributing software-based intelligence across fiber-optic networks to streamline operations and leverage existing infrastructure investments." CIENA brings to the Asian market a comprehensive portfolio of leading-edge solutions for core and metropolitan optical networks. These include its award-winning MultiWave CoreDirector(TM) platform, the market's leading intelligent optical core switch, as well as its MultiWave MetroDirector K2(TM) next-generation multi-service access and switching platform. CIENA also provides high-capacity optical transmission through its MultiWave CoreStream(TM) system for long-haul and ultra long-haul networking, as well as the MultiWave Metro(TM) system for metropolitan area networking. CIENA's LightWorks ON-Center(TM) provides a suite of management and planning software for intelligent optical networks and services. Products from CIENA's family of intelligent optical networking solutions will be on display at CommunicAsia 2001 in Singapore, June 19 - 22. 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, the Company's plans to expand CIENA's presence in other Asian markets, the belief that CIENA's intelligent optical networking solutions suit the evolving needs of major service providers across Asia, CIENA's ability to help service providers reduce capital and operating costs by distributing software-based intelligence across fiber-optic networks to streamline operations and leverage existing infrastructure investments, 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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . 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 May 17, 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. |
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