Crosswave Expands Access Line Availability for "Wide-area Ethernet Platform Service".Business Editors TOKYO--(BUSINESS WIRE)--Nov. 1, 2002 Crosswave Communications Inc. ("Crosswave", 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 : CWCI CWCI California Workers' Compensation Institute ) today announced that as of November 1, 2002, the company has expanded access line availability to its flagship, "Wide-area Ethernet Platform service". The new access line adopted is the "NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Mega Data Netz", ATM services offered by NTT East and NTT West, to provide bandwidths from 0.5Mbps to 10Mbps. "We have seen an increasing demand for the new access line especially among potential customers, as it is an economical access line which is easily upgraded, and available for narrower bandwidths up to 10Mbps," said Akio Onishi, 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 Crosswave. "We believe our prompt response to such demands will contribute to accelerating the increase of our customer base." "We have been making an effort to manage local access costs, by establishing cost-effective NNI (1) (Network-to-Network Interface) In ATM networking, the interface between two ATM devices (typically ATM switches). In frame relay networking, the interface between two separate frame relay networks. Contrast with UNI. connections(a)," continued Yasuharu Fushimi, CFO See Chief Financial Officer. of Crosswave. "As a result of our efforts we can now swiftly expand the access line availability and make efficient use of existing facilities, without spending any additional capital for the service launch." The new access item is initially being offered in 16 prefectures(b) and will be progressively expanded to other areas in Japan. There are two different pricing options for this new access item - CBR(constant bit rate)-based, which guarantees full bandwidth and GFR GFR - Grim File Reaper (guaranteed frame rate)-based, which guarantees part of the bandwidth with a variety of bandwidths available. Unlike the existing end-to-end pricing structure in place since June 2002, Crosswave has applied separate-charge pricing to this new item, making it available from JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 75,000 per month, excluding local access. (a) NNI connections: "Network-Network-Interface" connection. A means of connecting local access lines. Crosswave began shifting from the former time-efficient UNI (User-Network-Interface) to the cost-effective NNI to connect local access lines in autumn 2001. (b) 17 prefectures: Hokkaido, Miyagi, Saitama, Chiba, Tokyo, Kanagawa, Shizuoka, Gifu, Aichi, Osaka, Hyogo, Okayama, Fukuoka, Kumamoto, Miyazaki, and Kagoshima. About Crosswave Crosswave Communications Inc. (NASDAQ: CWCI) offers broadband data communication services on Japan's first nationwide fiber-optic network specifically designed and dedicated to data traffic. Crosswave was established in October 1998 by Internet Initiative Japan Inc. (IIJ, NASDAQ: IIJI IIJI Internet Initiative Japan, Inc. ), Sony Corporation and Toyota Motor Corporation with the goal of providing advanced, high-speed, cost-effective, end-to-end data communications services to customers in Japan and to take advantage of market growth and demand for broadband data communications networks. The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Crosswave Communications Inc. with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. |
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