China Telecom Win Extends Foundry Networks' Worldwide Metro Area Network Leadership.Business Editors/High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--July 24, 2001 Jiangsu Posts & Telecommunications Selects Foundry's World-Class Metro Solutions Expanding Foundry Metro Deployments to a Total of Nine China Provinces Further strengthening its global success in delivering high-performance and scalable Metropolitan Area Network (MAN) solutions, Foundry Networks(R), Inc. (Nasdaq:FDRY), announced today that it has been chosen by China Telecom to provide its best-of-breed Metro products in the heavily populated Jiangsu province. The Jiangsu win now extends Foundry's Metro Area Network market leadership throughout nine Chinese provinces including five of the most-populated, well-developed, Gross National Product (GNP GNP See: Gross National Product ) producing provinces; Jiangsu, Guangdong, Shangdong, Hebei and Zhejiang. China Telecom and its regional carriers have deployed over 40 NetIron(R) Internet routers, over 500 BigIron(R) Layer 3 modular switches as well as over 1500 access switches in 45 Metro cities in the past 12 months. As a subsidiary of China Telecom, a leading Chinese telecommunications carrier whose broadband network infrastructure serves 1.2 billion people in China with communication services, the Jiangsu PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration requires networking equipment built for speed, operational reliability, scalability and cost-effectiveness. Jiangsu PTT selected Foundry's solution because of its broad product portfolio with industry-leading price/performance, long-reach Gigabit Ethernet capability of up to 150 kilometers, non-blocking architecture, product reliability, and redundancy options, as well as its ability to provide extensive support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The nine Chinese provinces, including Jiangsu, Shangdong, Zhejiang, Hunan, Anhui, Jiangxi, Shanxi, Hebei, Guangdong, are currently in various phases of deploying the Foundry solution. When the projects are completed, 45 major cities in these provinces will have been outfitted with high-speed broadband Ethernet metropolitan networks, powered by Foundry's industry-leading NetIron Internet routers and BigIron Modular Layer 3 Ethernet switches for the Metro core, and high-density FastIron(R) modular switches as well as fixed configuration access switches for the edge. The complete Foundry solution also includes sophisticated capabilities such as bandwidth control, service accounting and billing, and access control. "With telecom operators in China heavily investing in IP-based broadband Metropolitan Area Networks in order to set up multi-service telecommunications infrastructures, we needed the best Metro solution on the market offering bandwidth control, service provisioning and billing, long-reach Gigabit Ethernet optics as well as superior technical support. Foundry was the obvious choice," said Johnny Chou, executive vice president and Chief Operating Office of UTStarcom Ltd (Nasdaq:UTSI UTSI University of Tennessee Space Institute ), a leading networking solution provider in China. "By utilizing Foundry's industry-leading Metro solutions, combined with our WACOS-based IP gateway and AN-2000 broadband access multiplexer, we provide our customers with a high-performance and scalable solution for communications service providers who want to cost-effectively deliver quality voice, data and Internet access services to their customers," continued Chou. With the Foundry powered Metro networks in nine China provinces, China Telecom will be able to offer its business enterprises, government agencies and home Internet users bandwidth-intensive next-generation, revenue-generating network services such as Ethernet MAN-based subscriber access, voice-over-IP, video-on-demand, video multicasts and application hosting. "Ethernet in the Metro is becoming an important area of growth in regions around the world due to customers' demand for bandwidth, content and applications," said David Passmore, research director at the Burton Group. "Vendors such as Foundry are fueling this growth through the introduction of products incorporating long-haul Gigabit Ethernet, Ethernet over MPLS (1) (MultiProtocol Lambda Switching) The earlier name for GMPLS. See GMPLS. (2) (MultiProtocol Label Switching) A standard from the IETF for including routing information in the packets of an IP network. , 10 Gigabit Ethernet, and rapid provisioning capabilities. This will allow carriers such as China Telecom to deploy a new generation of broadband infrastructures and services more quickly and profitably." "With China's rapid deployment of next-generation Metro networks, China Telecom and its regional carriers were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. networking equipment that would meet the demands of its customers requiring various broadband services on a large scale," said Bobby Johnson, president and 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 Foundry Networks. "Foundry's world-class MAN solutions provide superior performance, flexibility and operational manageability to communication carriers such as China Telecom, enabling them to meet their business objectives. For China Telecom, Foundry's announced BigIron 10 Gigabit Ethernet products will provide investment protection and performance scalability needed in the years to come." About Foundry Networks Foundry Networks, Inc. (Nasdaq:FDRY) is a performance and total solutions leader for end-to-end switching and routing including Internet routers, Layer 2/3 LAN switches, and Layer 4-7 Internet traffic and content delivery switches. Foundry's 3,300 customers include the world's premier ISPs and enterprises, portals, search engines, e-commerce sites, universities, entertainment, pharmaceutical, government, financial, and manufacturing companies. Some of these customers include: AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. (NYSE NYSE See: New York Stock Exchange :AOL), EarthLink (Nasdaq: ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ), AT&T WorldNet, MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). , Verio and Cable & Wireless (NYSE:CWP CWP Coal workers' pneumoconiosis, see there ), Yahoo! (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Incyte Genomics, Inc. (Nasdaq:INCY), The University of Washington, University of Washington, University of, at Seattle; state supported; coeducational; chartered and opened 1861 as the Territorial Univ. of Washington, renamed 1889. There are noted schools of medicine and engineering, and the university operates laboratories for the marine Miami, LucasFilm, U.S. Army, Air Force and Navy, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. and NIH "Not invented here." See digispeak. NIH - The United States National Institutes of Health. . For more information about the company and its products, call 888/TURBO-LAN or visit www.foundrynetworks.com. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by this section. These forward- looking statements include statements regarding planned product deployments in China. Actual results may differ materially due to these and other factors. The matters discussed in this press release also involve risks and uncertainties described from time to time in Foundry's filings with the Securities and Exchange Commission. In particular, see the Risk Factors described in Foundry's final Prospectus dated September 27, 1999 for its initial public offering as well as its most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Foundry assumes no obligation to update the forward-looking information contained in this press release. Note to Editors: Foundry Networks, NetIron, FastIron and BigIron are registered trademarks of Foundry Networks, Inc. |
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