CIENA Unveils Growing Portfolio of Network Solutions to ITU Telecom World 2003 Visitors.Business Editors/High-Tech Writers ITU (International Telecommunication Union, Geneva, Switzerland, www.itu.ch) A telecommunications standards body that is under the auspices of the United Nations. Comprising more than 185 member countries, the ITU sets standards for global telecom networks. TELECOM WORLD 2003 LINTHICUM, Md.--(BUSINESS WIRE)--Oct. 1, 2003 Company Showcases New Layer 2, Layer 3 and Extended Storage Capabilities As Part of Its Comprehensive, Integrated Network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. Solutions; Partners Laurel Networks Laurel Networks was founded in 1999, and specialized in routers for telecommunications carriers. In 2005, they were purchased by ECI Telecom for $88m, and formally renamed as the Data Networking Division within ECI. and Luminous Networks Join CIENA in ITU Telecom Village CIENA(R) Corporation (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 leading provider of innovative network solutions, will highlight its LightWorks(TM) Services initiative at ITU Telecom World 2003, complete with product displays and temporary relocation of corporate headquarters operations to the event's Telecom Village, an exclusive office park built within the general exhibition. CIENA will participate in ITU Telecom World 2003 at the Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. Palexpo from October 12-18. CIENA's presence in the Telecom Village will include corporate offices, a product laboratory, application kiosks and a hospitality lounge. Guests are invited to join company executives and product specialists to hear more about LightWorks Services, CIENA's strategy for helping service providers use their existing infrastructure to make current services more profitable while also capitalizing on new enterprise data service markets - without having to build and manage overlay data networks. CIENA's Telecom Village building (Hall 6) also will host strategic partners Laurel Networks and Luminous Networks, who are helping expand CIENA's suite of solutions and its ability to provide enhanced value through extended, integrated network solutions. Visitors will learn how these relationships strengthen CIENA's value proposition for comprehensive, next-generation networking solutions, further improving the economics of network ownership and allowing carriers to evolve their infrastructure for more profitable data services on one unified, automated network. CIENA will display its portfolio of innovative network solutions, including CoreDirector(R) CI, CoreStream(TM), MetroDirector K2(TM), ONLINE Metro(TM), ONLINE Edge(TM), DN 7000(TM) and CN 2000(TM) Storage Extension Platform (formerly known as OUSP OUSP Optical Utility Services Platform 2000), plus the Luminous PacketWave(TM) platform and Laurel ST200(TM) Service Edge Router Also called an "access router," it is a router that sits at the periphery of a network. Contrast with "core router," which is a router that resides in the middle of the network. See router and WAN router. See also edge device. . The product laboratory will illustrate how CIENA helps carriers increase margins on current services and grow revenue by offering new, reliable data services using the existing infrastructure. "CIENA is committed to improving customer value and helping service providers capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. new market opportunities, which is illustrated by our aggressive moves to integrate leading data networking technologies across our solutions," said Francois Locoh-Donou, vice president of marketing at CIENA. "ITU Telecom World is an ideal venue for CIENA to effectively communicate to our customers the economic advantages of the LightWorks Services approach, as well as to showcase the compelling benefits of an automated network solution." ABOUT CIENA 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 delivers innovative network solutions to the world's largest service providers, increasing the cost-efficiency of current services while enabling the creation of new carrier-class data services built upon the existing network infrastructure. 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, CIENA's participation in ITU Telecom World 2003, 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 August 21, 2003. 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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