Corvis Asserts Leadership in All-Optical Networking; RHK Also Affirms Corvis Leadership in Ultra Long Haul Deployments for Second Straight Year.
COLUMBIA, Md.--(BUSINESS WIRE)--Dec. 4, 2001
According to a new report released this week by RHK Inc., a leading market research firm based in California, Corvis Corporation (NASDAQ:CORV), an innovative provider of intelligent optical networking solutions, is the dominant supplier for photonic optical core switches, controlling 77 percent of the total market in 2001. Corvis remains the only vendor that provides integrated photonic optical switches required to perform all-optical networking. The RHK report also shows Corvis as the leader in Dense Wavelength Division Multiplexing (DWDM) systems, in the over 600 km market segment, for the second year in a row--with close to 40 percent share of this fast-growing market.
"Corvis has already established a strong presence in these segments, and is in a favorable position as these market segments mature," said Brian Van Steen, senior analyst, RHK.
"These achievements demonstrate that the drive toward optically optimized networks is gaining momentum and that we continue to lead the industry with solutions that provide rapid deployment, operational simplicity and revenue potential," said Dr. David Huber, president and CEO. "We are committed to deliver optical innovations that drive carrier profitability faster than any other vendor."
According to RHK, sales of DWDM systems that transport voice and data calls over distances greater than 600 km are expected to expand some 46 percent between 2000 and 2005 to over $1.8 billion. Corvis stands as the undisputed leader of optical networking solutions in this space, solving network challenges for both domestic and international carriers. No other vendor has integrated all-optical switches and high capacity optical Add/Drop Multiplexers deployed in carrier networks carrying live traffic.
With Corvis, carriers can migrate traffic to optically optimized networks that arm them with the flexibility and speed to win customers against fierce competition. With response times of hours, instead of months, to provision and reconfigure networks, carriers gain a significant competitive advantage to survive and prosper. Efficient, reliable networks that can be provisioned and reconfigured rapidly - without costly pre-provisioning - enable carriers to attract and retain customers. This speed and flexibility also opens the door to a new world of capabilities that expand a carrier's addressable market with unique, short-term revenue services, such as time-of-day, day-of-week, and, eventually, Bandwidth on Demand.
From point-to-point links to all-optical networks, Corvis Corporation delivers innovative optical network solutions that drive carrier profitability faster than any other vendor. Corvis continues to demonstrate optical leadership with numerous industry firsts, including the first and only commercial all-optical network and integrated all-optical solution, the first to transmit over 6000 km without costly electronic regeneration and first to deploy Raman amplification commercially. Corvis' innovative solutions enable carriers to provision new wavelength-based services rapidly and to tailor dynamic service level agreements for rapid revenue generation. Corvis' future-ready product portfolio solves carrier network challenges with scalable, robust solutions that reduce capital and operating expenditures. With offices across North America and Europe, Corvis operates Research and Development centers of excellence at its global headquarters in Columbia, Maryland, and in Lannion, France. For more information, call Corvis at 443 259-4000 or visit www.corvis.com.
Corvis and the Corvis logo are trademarks and/or service marks of the Corvis Corporation. All other trademarks are the property of their respective owners.
Note: This announcement contains certain forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially from those currently anticipated as a result of a number of factors, including, but not limited to, the risks and uncertainties discussed under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings with the Securities and Exchange Commission.