Clarent Corp. Receives $1.1 Million Order From Concert; New AT& -- BT Global Venture to Use Clarent Products to Expand IP Telephony Capabilities.Business Editors 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. and HONG KONG--(BUSINESS WIRE)--Jan. 25, 2000 Clarent(TM) Corporation (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 : CLRN CLRN California Learning Resource Network CLRN Community Legal Resources Network CLRN Chemical Laboratory Response Network ), a worldwide leader in providing carrier-grade, phone-to-phone Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) telephony solutions, today announced that it has received a $1.1 million order from Concert, the recently established global venture between AT& and BT. The order is for Clarent gateways and Clarent Command Center licenses. Concert plans to use the Clarent products to enhance and extend the capabilities and geographic reach of the AT& Global Clearinghouse, which is expected to soon be introduced as a premier service offered by Concert. A market leader in IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. clearing and settlement, the Global Clearinghouse enables telephone carriers and ISPs worldwide to provide telephony services to their customers. The Clarent products are expected to be deployed internationally. &uot;Concert, with the integration of the Global Clearinghouse, has immediately established itself as a leading player in the Voice over IP industry,&uot; said John Mulligan Jonathan Salvator (John) Mulligan is a Birmingham, England born New Wave musician. He is most prominently known as the bassist and keyboardist of the band Fashion from 1979-1984. Mulligan is Italian, Irish, West Indi and is visually remembered with dreadlocks. , chief technical officer, Global Clearinghouse, Concert. &uot;The Global Clearinghouse has been working with Clarent since 1997 which now would enable Concert to build on the capabilities of the industry's fastest growing clearinghouse. The expansion of our IP telephony application capabilities would allow us to continue our leadership and success in this important industry.&uot; &uot;Clarent is very pleased to be extending our relationship with the Global Clearinghouse into Concert,&uot; said Heidi Bersin, senior vice president, Corporate Marketing and Communications, Clarent Corporation. &uot;Concert has brought sophisticated 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. management expertise to building a state of the art IP telephony network and clearinghouse, and their marketplace success is evidence of this.&uot; Forward Looking Statements This release may contain forward-looking statements regarding Clarent's products, business, customers or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties, including but not limited to potential issues relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc inability to introduce new products, ability to retain key customers, changes in market conditions, government regulations, the international communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , technological changes and other factors, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. These risks and uncertainties are described further in the risk factors discussed in Clarent's recent Prospectus, filed with the Securities and Exchange Commission on November 23, 1999. About Clarent Corporation Clarent Corporation is a premier provider of scalable, IP telephony products to carriers and 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. around the world. Clarent's intelligent architecture and the Clarent Command Center enable Clarent products to route, manage, inter-connect and terminate high volumes of calls for service provider customers including the world's largest long distance telecommunication companies. 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. an iLocus report published in 1999, more minutes travel across Clarent-enabled networks worldwide than those of any other equipment supplier.(1) Founded in July 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 major cities in Asia, Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Additional information about Clarent is available at www.clarent.com. About the Global Clearinghouse The Global Clearinghouse will soon be introduced as a premier product in the services portfolio of Concert, the global venture between AT& and BT. It is a world-wide leading provider for internet communications services, offering complete solutions to ITSPs and next generation telcos, enabling them to offer a full range of services, including phone-to-phone voice and fax services and other value-added applications. The Global Clearinghouse acts as an intermediary for the financial settlement of Internet telephony traffic and guarantees payment to all members. The fastest growing clearinghouse, it has members in Europe, North and South America and Asia/Pacific and offers termination in 220 countries around the globe. For further information about the Global Clearinghouse please go to: www.ap.att.com/clearinghouse. About Concert Concert combines the innovation, creativity and daring of a start-up with the strengths and experience of its market leading parents--AT& and BT. Designed and built from the ground up to serve the needs of multinational businesses, international carriers and Internet Service Providers, the company is committed to making global communications seamless, reliable and hassle-free for customers. The company is built on a foundation of unparalleled network capabilities, unprecedented global reach and unmatched technology pedigree. Clarent is a registered trademark of Clarent Corporation in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated. (1)&uot;IP Telephony Clearinghouses -- A New Business Model&uot;. Published November 1999 by iLocus. iLocus, a division of Cape Saffron Ltd., is a UK-based research group focused on the IP telephony industry. http://www.ilocus.com |
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