Chiaro Networks Expands Asian Presence to South Korea.Business Editors/High-Tech Writers RICHARDSON, Texas--(BUSINESS WIRE)--April 12, 2004 Chiaro Signs VAR Agreements with Delta Info-Comm and JMC&T, Top Resellers to Korean Carriers Such as Korea Telecommunications And Hanaro Chiaro Networks, the developer of true infrastructure-class IP/MPLS IP/MPLS Internet Protocol/Multi-Protocol Label Switching platforms, today announced that it has signed value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. (VAR) agreements with Delta Info-Comm and Jung Myung Communication & Technology (JMC&T), two leading resellers of telecommunications equipment to South Korean carriers such as Korea Telecommunications (KT), Hanaro, DACOM DACOM Differential-Absorption Carbon Monoxide Monitor DACOM Diode Laser Based Differential Absorption Instrument DACOM Differential-Absorption Carbon Monoxide Measurements and Powercom. Terms of the agreements were not disclosed. "The proven ultra reliability and scalability of Chiaro's Enstara IP/MPLS platform provides a competitive advantage for carriers in the fast-growing South Korean telecommunications market," said Mr. Chang Wha Jung, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Delta Info-Comm. "In addition, because the Enstara IP/MPLS platform can support an order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. greater number of peers and routes than are currently found on the Internet, it offers product longevity greater than any other core router A router that resides within the middle or backbone of the network rather than at its periphery. The routers that make up the backbone of the Internet are core routers. See edge router and WAN router. on the market today. We expect Chiaro's IP/MPLS platform to be an important part of Korea's next-generation telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. ." "The business climate in South Korean telecommunications is ideal for the advantages that Chiaro offers," said Mr. Hee Kyung Kang, CEO of JMC&T. "With pressure among carriers to reduce expenses to the minimum, and to invest only where necessary for network upgrades, the Enstara platform's combination of ultra reliability -- which helps reduce costs associated with downtime -- extended product lifetime, high performance and flexibility, promises to be highly successful in Korea." "These agreements with two of Korea's top telecommunications VARs provide further validation of Chiaro's potential in Asia," said Ken Lewis, president and CEO of Chiaro Networks. "South Korea is among the leaders worldwide in the development of next-generation networks as they evolve to support real-time services, and reliability is crucial to the success of these networks. We look forward to our relationships with these important resellers being highly successful for Chiaro, Delta Info-Comm, JMC&T and the entire Korean telecommunications market." Korean Telecommunications Market Ready for Leap to Next-Generation Networks In Korea, government policies are driving the build-out of advanced IP networks. Growth in Korea's telecommunications industry has progressed at a high rate of approximately 85 percent annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. growth. "Asian carriers have embraced IP services and are continuing to be cutting edge leaders for next generation IP networks and services throughout the world," said Mark Tharby, vice president of business development, of Chiaro Networks. "As a result, this entire region presents an exciting opportunity for Chiaro and our infrastructure-class IP/MPLS router offerings." As in other Asian countries, the Korean telecommunications market operates primarily through resellers such as Delta Info-Comm and JMC&T. Although VAR relationships do not guarantee sales of Enstara equipment to Korean carriers, Chiaro expects to begin trials of its Enstara platform with at least one Korean carrier in 2004. Enstara: The First Infrastructure-Class IP/MPLS Platform The Chiaro Enstara(TM) portfolio, the world's first highly available infrastructure-class IP/MPLS platform, delivers the infrastructure-class ultra reliability, versatility and product longevity required to alleviate telecommunications carriers' "crisis of cost." Integrating a number of Chiaro technological breakthroughs -- and the result of applying expertise in the fields off telecommunications, networking, supercomputing and photonics -- the intelligent, carefully architected Enstara platform results in no less than the transformation of IP networks. Available in configurations for different applications and system sizes, the Enstara portfolio offers a powerful new way for telecommunications service providers to achieve unprecedented cost savings. About Delta Info-Comm Delta Info-Comm, established in 1992, began trading on the Kodaq (Korean stock exchange) market in 2000. A leading reseller of telecommunications equipment in South Korea, Delta Info-Comm specializes in optical transmission equipment; broadband switches and routers; next-generation network (NGN (Next Generation Networks) An umbrella term for mixed voice and data networks running over the IP protocol. See IP Multimedia Subsystem. ) operation and support systems; and NGN service platforms. The firm works closely with Korea Telecommunications (KT), the largest carrier in Korea, to ensure Korea Telecom KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years remains a leader in the industry and continues to focus on next generation solutions and services. About JMC&T Jung Myung Communications & Technology (JMC&T) was founded in 1999 and counts among its major customers Korea Telecom (KT), Hanaro Telecom Hanaro Telecom, Inc. is a Seoul-based Korean telecommunications company, one of the largest providers of high-speed broadband internet access in South Korea. The company also is one of the largest telephone companies in South Korea, one of only two companies licensed to provide , DACOM/EPN and SKT SKT Socket SKT Sanskrit SKT South Korea Telecom SKT Specialty Knowledge Test (USAF) SKT Sigaret Kretek Tangan (Indonesian: Hand-Rolled Cigarettes) SKT Small Kill Team (US DoD) . JMC&T resells products spanning the range of the telecommunications infrastructure, from core and edge routers to voice-over-IP (VoIP) gateways and Ethernet-over-Sonet (EoS) products. About Chiaro Networks Chiaro Networks is the provider of the Enstara(TM) router, the industry's first highly available infrastructure-class IP/MPLS platform. The company, with headquarters in Richardson, Texas, has developed the Enstara portfolio with the goal of solving the "crisis of cost" issues facing service providers, reducing capital expenditures per PoP by more than 60 percent. With strong support from the venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. and technology communities, Chiaro has secured $210 million to date from backers such as Intel Capital, Siemens Ventures, Sevin Rosen Funds Sevin Rosen Funds (SRF) is a venture capital firm that was established in 1981 by L.J. Sevin and Ben Rosen. SRF was involved in the financing of ArQule, CIENA, Citrix, Cypress Semiconductor, Electronic Arts, Lotus Development Corporation, Silicon Graphics, and Vitesse. and STAR Ventures. The company also boasts a Technology Advisory Board that comprises business leaders and academics from MIT MIT - Massachusetts Institute of Technology and Stanford University. For more information on the company, visit www.chiaro.com. Chiaro Networks and Enstara are trademarks of Chiaro Networks. Chiaro Networks disclaims any proprietary interest in the marks and names of others. |
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