Covaro Networks Hires VP of Operations; Paul Peck to Manage Ops as Covaro Moves Beyond Development Phase.

Business Editors

RICHARDSON, Texas--(BUSINESS WIRE)--March 5, 2003

Paul Peck, who has extensive experience in the management of telecommunications operations, has joined the converged network experts at Covaro Networks Inc. Hired as Covaro's VP of operations, Peck will be putting his extensive telecommunications experience and expertise to work managing the company's new manufacturing operations.

"Having Paul join us is a significant event in Covaro's evolution as we move from the development phase into commercial deployment," said Covaro Networks President and CEO Joe Bass. "Paul's presence strengthens our management team and demonstrates that we are on track with our product rollout."

Peck brings 25 years of diverse telecom industry experience to Covaro. Most recently, he served as the vice president of operations for Navini Networks. Prior to Navini, he served in a wide range of operations and product launch roles while leading manufacturing efforts within the Cisco Systems wavelength router division. This division had been acquired from Monterey Networks, where he served as vice president of operations. In addition, he was head of the worldwide manufacturing division at Alcatel and DSC Communications. Peck managed a 1,700-person worldwide organization that manufactured carrier-class telecom systems. The organization included four factories in Texas and factories in Puerto Rico, Costa Rica, Denmark and Ireland. During his time with Alcatel and DSC, he also served as vice president of Far East sales and vice president of the Japan business unit. Prior to DSC, Paul was an officer of telecom startups Intellicall Inc. and Davox Corporation. Previously, he held management positions at Xerox Computer Services, Northern Telecom and Texas Instruments.

Peck has extensive experience in all aspects of domestic and international manufacturing, quality processes and procedures including ISO certification. Combined with his knowledge of domestic and offshore customer service requirements, he also has experience with Agile product data management and Oracle ERP system implementation.

"Covaro offers a value proposition to carriers that takes into account not just affordability, but also ease of deployment and containment of operating costs associated with broadband access," said Paul. "The explosive demand Covaro expects for its products will present manufacturing and operations opportunities that I look forward to addressing."

About Covaro Networks Inc.

Founded in January 2002, Covaro develops telecommunications products that redefine the economics of transporting both next-generation data and traditional voice services for carriers' commercial customers. The company is headquartered in Richardson, Texas, in the Telecom Corridor(R), but maintains additional development staff in Ottawa, Canada. More information about Covaro is available on the company Web site: www.covaro.com.