Clarent Corporation Signs Global Purchase Agreement with Cable &Wireless.Business Editor 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 LONDON--(BUSINESS WIRE)--Jan. 31, 2000 Clarent(R) 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, and Cable &Wireless (NYSE NYSE See: New York Stock Exchange :CWP CWP Coal workers' pneumoconiosis, see there ) announced today that Clarent has signed a global purchase agreement with Cable &Wireless. The non-exclusive global agreement would allow any Cable &Wireless company and certain Cable &Wireless affiliates world wide to purchase and implement Clarent's Voice over IP (VoIP) products in their telecommunications networks. Clarent is one of a number of companies chosen by Cable &Wireless to provide the technology for the convergence of voice and data over telecommunications networks. Cable &Wireless signed this agreement with Clarent after extensive and successful lab tests and field trials of Clarent products. Jerry Chang, Clarent's 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. and president, commented on the agreement: &uot;We are very pleased to have signed this global purchase agreement with Cable &Wireless. Clarent is a leading supplier of 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. to service providers. As Cable &Wireless offers telecommunications services in over 70 countries worldwide, this agreement presents a tremendous opportunity for Clarent.&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 interoperability, 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 (NASDAQ:CLRN) 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, open 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. More minutes travel across Clarent-enabled IP telephony networks worldwide than those of any other equipment supplier(a). Founded in July 1996 and publicly owned since July 1999, 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 and North America. Additional information about Clarent is available at http://www.clarent.com. About Cable &Wireless With customers in 70 countries, Cable &Wireless is a major global telecommunications business with revenue of around UK pound 8 billion in the year ended March 1999 and over 50,000 employees. Its businesses around the world offer a range of services spanning broadband data and Internet services, fixed and mobile voice, as well as interactive entertainment and information. Cable &Wireless' priority for expansion is the fast growing market of data and IP (Internet Protocol) services for business customers. Since November 1998, it has announced major investments in advanced networks in the US and Europe, the restructuring of Cable &Wireless Communications in the UK and has acquired full control of Cable &Wireless IDC in Japan to support this strategy. Cable &Wireless now holds a unique position in terms of global coverage and services to business customers. Additional information about Cable &Wireless is available at: http://www.cwplc.com 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. (a) &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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