CIENA to Strengthen Asian Presence With New Hong Kong Office, Appoints Claude Achcar Vice President, Asia.Business Editors/Hi-Tech Writers HONG KONG--(BUSINESS WIRE)--Oct. 5, 2000 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) ) today announced that it will open a new office 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. and that Claude Achcar has joined CIENA to direct the company's sales operations in Asian markets outside of Japan, where CIENA already has an established presence. From the new Hong Kong office, Mr. Achcar will serve as CIENA's Vice President, Asia, managing new business initiatives and customer accounts, and increasing CIENA's global presence to keep pace with the growth and demand for its 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. "CIENA is a significant player in the Japanese optical networking systems market and continues to build their presence in Korea. The addition of local staff in Hong Kong illustrates CIENA's continued commitment to Asia as an important market going forward," said Matt Walker, Regional Director, Asia-Pacific, at telecommunications market research firm RHK RHK Ratahallintokeskus (Finnish: Finnish Rail Administration) RHK Ryan Hankin Kent (RHK, Inc. marketing consulting firm) RHK Rigshospitalets Kollegium (Copenhagen, Denmark dorm) . Mr. Achcar, who has worked in the telecommunications industry for more than 13 years, most recently served as Nortel Networks' Asia Pacific Group Director. For the past three years, Mr. Achcar focused on the development of optical, access and network management accounts for Nortel throughout the Asia Pacific region. He brings to his new post with CIENA expertise in networking systems and a record of industry achievement. "Expanding our presence in Asia with experienced professionals is instrumental in our ability to meet customers' expectations in this global industry," said Chris Simpson Christopher Patrick Simpson (born 9 January, 1982) in Brisbane, Queensland, is an Australian cricketer who plays for the Queensland Bulls in Australian domestic cricket. He is a right arm offbreak bowler and right handed batsman. Simpson attened villanova college. , CIENA's Senior Vice President of Global Sales. "Mr. Achcar's passion and enthusiasm, coupled with his strong technical background and sales experience, give him the ability to further CIENA's leadership position and success in the Asia Pacific region." Mr. Achcar began his career with Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony in Canada, where he served as Optical Transport Network System Engineer for four years and was promoted to International Product Marketing Manager. From 1995 to 1999, he held several positions with Nortel in Asia, including positions in customer service and business development. "I am excited to join CIENA, a dynamic, entrepreneurial company that provides leadership opportunities for both its employees and its customers," Mr. Achcar said. "I look forward to leading CIENA's sales efforts in Asia and providing the intelligent optical networking solutions to service providers that will give them a competitive advantage." Mr. Achcar earned his bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in electrical engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. and his master of engineering in computers and communications, both from Ecole Polytechnique, Montreal, Quebec. He has also received his master of business administration in marketing and international business from McGill University McGill University, at Montreal, Que., Canada; coeducational; chartered 1821, opened 1829. It was named for James McGill, who left a bequest to establish it. Its real development dates from 1855 when John W. Dawson became principal. , Montreal, Quebec. 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 http://www.ciena.com. Note to Investors This press release contains certain forward-looking statements 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 leadership position in Asia, and the ability of our intelligent optical networking solutions to give service providers a competitive advantage, 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 17, 2000. 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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