Corning Incorporated and Movaz Networks Collaborate to Accelerate Deployment of Wavelength Switching Products; Movaz and Corning Sign Strategic Business Agreement.Business Editors ATLANTA--(BUSINESS WIRE)--Sept. 25, 2002 Corning Incorporated Corning Incorporated NYSE: GLW is an American manufacturer of glass, ceramics and related materials, primarily for industrial and scientific applications. The company was known until 1989 as Corning Glass Works. (NYSE NYSE See: New York Stock Exchange : GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ), a leading supplier of 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. devices, photonic components and optical fiber, cable and hardware, and Movaz Networks, a provider of metro optical networking solutions, detailed today a business agreement signed between the two companies. The four initiatives outlined in the agreement include: (1) the sublicensing of Movaz Intellectual Property related to Movaz's integrated Wavelength Switch (iWSS) to Corning, (2) the initiation of a joint iWSS manufacturing development agreement, (3) the designation of Corning as a preferred supplier of Movaz for components used in Movaz's RAY product portfolio, and (4) the establishment of collaborative efforts in developing metro transparent networking solutions. Terms of the agreement were not disclosed. Movaz Networks introduced the company's integrated Wavelength Selective Switch (iWSS) component in March 2002 and will be demonstrating a fully functional beta unit at NFOEC NFOEC National Fiber Optical Engineer Conference NFOEC National Fiber Optic Engineers Conference , to be held September 15-18 in Dallas. The Movaz iWSS component, measuring 7RU, is the industry's only single-stage all-optical design that incorporates wavelength multiplexing, demultiplexing and a 400x400 3D MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. switching fabric. Movaz plans to integrate the iWSS as a modular shelf within Movaz's RAYstar product platform. The sublicensing of Movaz's Intellectual Property in wavelength switching enables Corning to broaden its portfolio of transparent networking products. The joint iWSS manufacturing development agreement enables Movaz to fully utilize the expertise Corning has established in optical switch modules utilizing free space optics See FSO. and MEMS optical switching arrays through Corning Intellisense. Many of Corning's components are used in Movaz's RAYexpress, RAYextender and RAYstar products, which have been deployed globally by 12 customers in just 6 months of revenue shipments. Establishing Corning as a preferred supplier further cements the relationship between the two companies. "We have been extremely impressed by the network value proposition as well as the customer momentum that Movaz has generated in the metro market," stated Mark Newhouse, vice president, New Products and Development for Corning. "Corning and Movaz share a common vision of providing a wavelength agile network at a fraction of today's SONET costs. Wavelength switching is an integral part of that vision. We are very pleased to have Movaz as our partner and customer." "This agreement is a tremendous validation of the wavelength switch product we have developed and the economic benefits this platform will enable. While other companies have retrenched, we have become further strengthened by working with an established, leading optical component company like Corning," stated Bijan Khosravi, chairman 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 Movaz Networks. "The Corning business agreement not only further strengthens our financials, but will also enable Movaz and Corning to meet the strong customer demands for the iWSS." About Movaz Networks Movaz Networks is a globally established equipment supplier that provides next generation all optical solutions for delivery of cost effective 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. , Ethernet, SAN and Wavelength services. The company's products, designed for access, metro and regional applications, are full-featured carrier-class solutions incorporating advanced optical transport, distributed photonic switching, GMPLambdaS (generalized multi-protocol lambda switching See GMPLS. ) protocols, and standards based network management. Movaz is shipping generally available products to customers throughout 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. as well as in Europe and Asia Pacific. For more information, please visit Movaz on the web at www.movaz.com. About Corning Incorporated Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television, information technology and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning revenues for 2001 were $6.3 billion. |
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