ChinaWeal Partnership Positions Clarent to Address Growing Opportunities in China.Business Editors/High-Tech Writers REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Aug. 20, 2002 Clarent Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CLRN CLRN California Learning Resource Network CLRN Community Legal Resources Network CLRN Chemical Laboratory Response Network ), a leading provider of IP softswitch and enterprise convergence solutions for next generation networks, today announced that it has entered into a strategic distributor agreement with ChinaWeal, a leading IT service provider in China. "Clarent continues to focus on partnering with industry leaders to provide the high level of support our customers have come to expect," commented Frank Lee, Clarent's Vice President of Sales for Asia Pacific. This partnership is expected to enable companies that deploy Clarent networks to leverage ChinaWeal's support infrastructure, system integration capabilities and in-house software development expertise. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the terms of the agreement, ChinaWeal's experienced technical staff will provide 24 x 7 Tier 1 and Tier 2 support, partial Tier 3 support, on-site resources and training instructors for Clarent solutions. Customers will benefit from the company's broad scope of system integration experience, which includes specialized expertise with the highly complex billing and subscriber management systems of local telecommunications carriers. Finally, ChinaWeal's in-house team of more than 200 software engineers will be available to support the accelerated development of customized applications that can be integrated with the Clarent softswitch platform. "Clarent VoIP networks have historically been among the most reliable and widely deployed in China," said Simon Meng, 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 ChinaWeal. "Through this business partnership, ChinaWeal can offer solutions that enable our clients to reduce costs and generate new revenue opportunities. By expanding our offering to include Clarent's industry-leading enterprise solutions and playing a pivotal role in the launch of Clarent's Distributed Softswitch in China, we are delivering on our commitment to help our clients remain competitive and add value to their business." ChinaWeal has purchased Clarent's enterprise-focused NetPerformer EG gateways to connect offices in Beijing, Shanghai, and Chengdu. In addition to providing measurable cost-savings by minimizing the bandwidth requirements Bandwidth requirements (communications) The channel bandwidths needed to transmit various types of signals, using various processing schemes. Every signal observed in practice can be expressed as a sum (discrete or over a frequency continuum) of sinusoidal of voice, data and fax applications, the deployment of Clarent's integrated access devices will allow ChinaWeal to demonstrate the flexibility and reliability of these solutions in a real-world setting. ChinaWeal intends to build a demonstration network that integrates NetPerformer EG with Clarent's fully distributed Fully distributed A new stock issue that has been completely resold to the investing public and is no longer held by dealers. fully distributed Of or relating to a new issue of securities that has been sold out. Edge Access (Class 5) Softswitch and PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. Access (Class 4) Softswitch solutions, which include Clarent Command Center, Class 5 Call Manager and Class 4 Call Manager software plus Clarent BHG BHG Better Homes and Gardens (magazine) BHG Bloodhound Gang (band) BHG Big Huge Games BHG Bounty Hunter's Guild (web game) BHG Belgian Hand Group BHG Blown Head Gasket 1000 media gateways. "Clarent's agreement with ChinaWeal is an example of the type of relationship that should be a top priority among vendors focused on China," observed Jahangir Raina, director of iLocus, a London-based market research firm. "China is expected to have the second largest IT and telecoms market in the world within the next five years, and the complexity of this business and cultural environment will make partnerships with local system integrators critical." The combination of a deep understanding of the Chinese business environment and strategic relationships with multinational leaders such as Intel, HP, Microsoft and Oracle has enabled ChinaWeal to build an impressive customer list that includes China Telecom, China Unicom China Unicom, full name China United Telecommunications Corporation, 中国联通, HKSE: 0762 NYSE: CHU, is a telecommunication operator in the People's Republic of China. 52. , and the Data Communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. Bureau of the Ministry of Information Industry (MII 1. (body) MII - A consortium of Microsoft, IBM, and Intel. 2. (storage) MII - A broadcast component video tape format licensed by Panasonic. ). ChinaWeal has been involved in groundbreaking projects such as the first video-on-demand system in China, and has established a reputation for strong customer relationships and technical expertise. The company's work has repeatedly drawn praise from the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
"ChinaWeal is an excellent partner for Clarent," continued Clarent's Lee. "National and regional Chinese telecommunications providers including China Telecom and China Mobile have deployed Clarent-based networks. Through the creation of this partnership, both Clarent and ChinaWeal have increased their ability to address changing customer needs as the market evolves." About ChinaWeal Founded in 1992, ChinaWeal Business Machinery Co. Ltd. is a leading IT services provider in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China (PRC). With software development and system integration as its core business, the company provides total network solutions and technical platforms for Internet, Intranet, telecommunication supporting networks and network security. ChinaWeal currently serves about 150 accounts in over 31 provinces, municipalities, and autonomous regions in the Chinese mainland. For more information please visit http://www.chinaweal.com/English/indexx.htm. About Clarent Clarent Corporation is a leading provider of softswitch and enterprise convergence solutions for next generation networks. Clarent solutions enable service providers and enterprises to quickly deploy an integrated network capable of carrying both voice and data traffic, deliver capital and operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. savings, and generate new revenue opportunities with innovative services. Founded in 1996, Clarent is headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , and has offices in North America, Europe and Asia. For more information please visit www.clarent.com. Forward Looking Statements This release contains forward-looking statements that involve risks and uncertainties, including but not limited to general market conditions affecting communications service providers purchase of equipment and in particular, VoIP-related equipment, changes in service providers' business models, the ability of and resources available to our distribution partners to sell and support our products, the rate our customers deploy their networks, the timing of order and shipments of products, mix of products sold, changes in the prices of our components, ability to maintain production volumes and secure key components, our ability to develop new products to meet market demand, ability to retain key employees, as well as uncertainties associated with the future development of the markets for IP-based communications, changes in the global economic market and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. arising from the Company's prior restatement of financial results and diversion of management and financial resources related to that litigation. Certain of these risks and uncertainties are described further in the Company's periodic filings with the SEC. Trademarks Clarent, the Clarent logo, NetPerformer, NetPerformer EG, Clarent Command Center, Class 5 Call Manager, Class 4 Call Manager, and BHG 1000 are trademarks or registered trademarks of Clarent Corporation in the United States and other jurisdictions. All other trademarks, registered trademarks and service marks are the property of their respective owners. |
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