Corvis Unveils New Class of Next Generation Optical Transport Products for Repeaterless Terrestrial and Undersea Festoon Links.Business Editors/Hi-Tech Writers COLUMBIA, Md.--(BUSINESS WIRE)--Feb. 7, 2001 Corvis CorWave XL and CorWave XF Mark First Product Introduction of Corvis' Comprehensive Strategy to Extend its Next Generation Optical Networking Capabilities Corvis 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 :CORV), the only company delivering intelligent all-optical networking A communications network that works completely in the optical domain. It uses optical switches connected by optical fibers. See optical switch and optical computer. solutions, today announced the launch of its new class of next-generation optical products for repeaterless terrestrial and undersea festoon festoon, sculptured or painted architectural or interior ornament consisting of a garland of leaves, flowers, or fruit, or some combination of these, held by ribbons or folds and draped at the ends. regional markets. The CorWave(TM) XL and CorWave(TM) XF products will deliver ultra-high capacity for terrestrial (XL) and festoon (XF) links, increasing network capacity and reliability, and cutting operational expenses for carriers. These products are being introduced as an integral part of Corvis' strategy to deliver a suite of new products to address the requirements of next-generation optical services networks. Corvis is addressing service provider needs to greatly enhance their transport and switching capacity while introducing new levels of network and service management. "Building on our reputation as the leader in the 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. space, we are proud to introduce a disruptive technology A new technology that has a serious impact on the status quo and changes the way people have been dealing with something, perhaps for decades. Music CDs all but wiped out the phonograph industry within a few years, and digital cameras are destined to eliminate the film industry. that meets the demands of the emerging repeaterless link market segment," said Dr. David Huber, President 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 Corvis. "These products complement our CorWave product suite, developed to make carriers more competitive." Consistent with its long-term growth strategy, Corvis is expanding the CorWave product suite to address a broader range of applications in existing networks and to open up new market opportunities. The offering encompasses next-generation optical networking solutions for high capacity, all-optical switching, ultra-long-distance and regional transport with integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. management. CorWave XL (Terrestrial) and CorWave XF (Festoon) Both CorWave XL and CorWave XF products utilize Corvis' proprietary Raman Amplification Raman amplification (pronounced /rʌmɑn/) is based on the Stimulated Raman Scattering (SRS) phenomenon, when a lower frequency 'signal' photon induces the inelastic scattering of a higher-frequency 'pump' photon in an optical medium in the nonlinear regime. technology, enabling carriers to transmit up to 800 gigabits per fiber for distances as long as 350 km without the use of in-line amplifiers. Eliminating in-line amplifiers in a regional point-to-point network cuts operational costs dramatically, speeds regional network deployment and helps new and emerging carriers to produce revenue more rapidly. The Corvis CorManager Network Management System manages both products, as well as all currently deployed CorWave products. The CorWave XF festoon product offers point-to-point links for mainland-to-island and island-to-island spans as well as multiple links along coastlines. This system can be fully integrated with the Corvis all-optical network. Both products will be available in the second quarter of 2001. "Corvis is taking a leadership role in advancing new applications for its state-of-the-art technology," said Andrew McCormick Andrew McCormick (born July 10th, 1973) is a New-Zealand-born Japanese rugby union footballer. The son of All Black Fergie McCormick, Andrew (nicknamed "Angus") was educated at Christchurch Boys' High School and came to Japan to play for Toshiba Fuchu in 1992. , senior analyst, Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . "By being the first to commercialize Raman amplification, Corvis can now create very long links to connect geographical regions separated by bodies of water, such as those in Europe and Asia-Pacific, as well as countries with long coastlines including those in 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. . By no longer having to sink amplifiers in the ocean, carriers serving those regions can reduce both the capital and operational expenses of building their networks. This should accelerate Corvis' move into new geographical markets and help expand its customer base." All-optical network solutions are widely acknowledged in the industry as being necessary to accommodate rapidly growing traffic demands for both existing and emerging service providers. Service providers will realize the benefits of scalability and cost-savings enabled by Corvis' leading edge optical technology as their networks grow. Corvis is extending its leadership role in all-optical networking by offering new and enhanced products to existing and emerging carriers. Now service providers can harness their regional and nationwide backbone networks to offer enhanced edge services such as wavelength leasing. Service providers can leverage the benefits of optical networks to rapidly provision new services and features such as wavelength on demand, optical protection and restoration and dynamic service level agreements. About Corvis Corvis Corporation is a leading provider of next generation optical services networks founded by Dr. David Huber, a pioneer in the field of optical communications Optical communications The transmission of speech, data, video, and other information by means of the visible and the infrared portion of the electromagnetic spectrum. . By deploying the industry's first all-optical network, Corvis is revolutionizing the way communications traffic is moved in the new Internet-driven economy by providing integrated all-optical switching, ultra-long distance transport and network management. Corvis products and services deliver all-optical network intelligence and mesh network A communications network in which there are at least two pathways to each node. If one of the paths fails, the other is still available. A "fully meshed" network means that every node has a direct connection to every other node, which is a very elaborate and expensive architecture. capability. Corvis provides telecom service providers with end-to-end core networking solutions that make them more competitive in the market. Corvis' next-generation products enable these carriers to offer their customers a vast array of advanced wavelength services that dramatically lower capital and operational costs, while generating increased revenue. Corvis is making the promise of cost-effective, all-optical networks a reality. For more information, call Corvis at 443-259-4000 or visit the Corvis web site at www.corvis.com. Corvis, CorWave and the Corvis logo are trademarks and/or service marks of the Corvis Corporation. Note: This announcement contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations" in the Company's filings with the Securities and Exchange Commission. |
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