Chromatis Networks Announces $25 Million Contract With Cogent Communications for Its Metropolistm Optical Networking Solutions.Business Editors/High-tech Writers HERNDON, Va.--(BUSINESS WIRE)--March 27, 2000 Cogent's Choice of Metropolis for Nationwide Deployment Represents First Win for New Breed of Integrated 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. Platforms Chromatis Networks, Inc., has announced a five-year purchase agreement with Cogent Communications Cogent Communications is a multinational internet service provider whose network spans more than 23,000 miles and provides service in over 100 cities across 20 countries. Cogent carries more than nine petabytes per day of Internet traffic and connects to more than 2,000 networks, for nationwide deployment of its Metropolis(TM) next-generation metro transport products. The deal, which calls for Cogent to purchase up to $25 million of Chromatis' Metropolis systems, represents the industry's first contract for next-generation metro products that integrate switching and optical networking. Cogent will deploy Chromatis products in hundreds of multi-tenant buildings located in major metropolitan areas throughout the U.S., using Metropolis to deliver high-speed Internet See broadband. services to businesses at a fraction of the cost of today's alternatives. The Metropolis product family is the first metro transport solution to provide the scalability benefits of optical networking at a fraction of the entry cost of traditional DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing systems using Chromatis' Selective Wave Division Multiplexing (spelling) wave division multiplexing - A common misnomer for wavelength division multiplexing. (TM) (SWDM SWDM Single Mode Wavelength Division SWDM Standard Wavelength Division Multiplexer SWDM Selective Wave Division Multiplex (Chromatis Networks) SWDM Schuell-Wepman-Darley Multimodal Stimulation Treatment (TM)) technology. In addition, the Metropolis solution combines the revenue benefits of an integrated multi-service platform with simplified service provisioning and management, delivering more revenue-generating services per wavelength than any competitive alternative. Through Metropolis' unprecedented configuration flexibility, emerging carriers and existing carriers alike can address both the pent-up demand for traditional TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. and ATM based services and emerging services such as high-speed IP directly over optics. In addition, Metropolis is equally suited for transport of traffic from central office environments and multi-tenant buildings. "Cogent's mission is to simplify the delivery and lower the cost of high-bandwidth business-to-business services," said Dave Schaeffer, 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 Washington, D.C.,-based Cogent. "Because cost is a key differentiator for us and scalability is critical for capturing market share, traditional SONET technology was not an option. Chromatis' Metropolis systems allow us to enter the multi-tenant-building marketplace and rapidly deliver services while minimizing up-front investment and operations costs. Metropolis also gives us the flexibility to expand our service portfolio in response to customer needs and to easily extend network capacity. Chromatis' Metropolis solution is a perfect match for our business objectives of revolutionizing the delivery of high-speed business services." Cogent's contract with Chromatis is significant because it indicates that the market for the new generation of metro products that integrate switching and optical networking is already gaining momentum" said Scott Clavenna, principal analyst at Pioneer Consulting (Cambridge, Mass.). "We've seen the architectures, and now we're starting to see the customers vote." "Providing dedicated broadband access See broadband and wireless broadband. and value-added services to businesses in multi-tenant buildings is one of the fastest-growing opportunities available today for service providers," said Bob Barron Bob Barron (January 13, 1921- ) is a former NASCAR driver from Bradenton, Florida, U.S.. He completed in thirty-two Grand National/Nextel Cup Series events in his career, earning five top-tens. , president and chief operations officer of Chromatis Networks. "Cogent's goal is to redefine the economics of high-speed broadband for multi-tenant businesses. In like fashion, Chromatis is redefining the economics of metro-area multiservice transport. Our Metropolis systems can deliver native IP services to Cogent's building tenants at a fraction of the cost of existing solutions, while providing the high reliability that their business customers expect. Metropolis also allows Cogent to expand its revenue base with more services over the same network, without network disruption and at minimal incremental cost Incremental Cost The encompassing change that a company experiences within its balance sheet due to one additional unit of production. Notes: Incremental cost is the overall change that a company experiences by producing one additional unit of good. ." Cogent Service Dynamics Beginning later this year, Cogent will begin deploying Metropolis 2000 multiservice transport systems in the basements of high-rise office buildings in hundreds of U.S. buildings to support high-speed business Internet services at prices comparable to traditional T1 access. While Cogent's initial market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" strategy involves high-bandwidth Internet-to-business services, the company believes it is critical to have built-in network support for additional services to grow revenue and 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>. future opportunities. The Metropolis solution allows Cogent to add other services using the same wavelengths as IP traffic, thus keeping incremental deployment costs at a minimum. A single Metropolis system also allows Cogent to offer wholesale services to Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and providers and native T3 or OC-n services to Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , over a common network managed by a single management system. Finally, Chromatis' unique MultiProtocol Wavelength(TM) capability allows Cogent to provision and deliver multiple services without deploying additional DWDM optics. With greater bandwidth efficiency and lower operational cost, the Chromatis solution provides Cogent with the highest possible return on investment. About Cogent Communications Cogent Communications is offering Internet access at 100x the speed of a T-1 connection and priced at a discount to a single T-1. The company intends to roll out its service to multi-tenanted commercial buildings, beginning in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and expanding to twelve other major markets of the U.S, including Philadelphia, Chicago, Los Angeles, Atlanta, San Francisco, Seattle, Houston, Dallas, Boston, San Jose, Washington DC, and Miami. Cogent Communications is headquartered at 1015 31st Street, NW, Suite 330, Washington DC 20007, and can be reached at 202/338-4013 or info@cogentco.com. About Chromatis Chromatis Networks develops next-generation transport solutions for metropolitan-area service providers. The company's Metropolis(TM) products, patented Selective Wave Division Multiplexing(TM) (SWDM(TM)) technology, and Multi-Protocol Wavelength(TM) grooming allow service providers to address high-bandwidth revenue opportunities quickly on a site-by-site basis and support a full range of existing and emerging services with a high rate of return. SWDM received a Category Breaker Award from Network World magazine in November 1999. Founded in 1998, Chromatis is headquartered in Herndon, Virginia, and maintains a research and development facility in Tel Aviv, Israel. Chromatis is led by a seasoned team of executives with wide experience in transmission systems and data networking from companies such as Nortel, Cascade, Ciena, 3Com, US Robotics, Scorpio Communications, Newbridge Networks, and ECI Telecom. The company has received more than $50 million in funding to date from leading 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. including Crosspoint, ComVentures, Jerusalem Venture Partners, Soros Private Equity, Chase Capital, Lucent Venture Partners, and Eucalyptus Ventures. For additional information about Chromatis Networks and its products, contact the company at 301/657-1077 or at www.chromatis.com. |
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