Dacom Korea Selects Terawave Converged Access Solutions for Subway System Deployment in Seoul.

SEOUL, South Korea -- Terawave Communications Inc.(R), a leading global supplier of converged access solutions, today announced that DACOM Corporation, Korea's leading provider of telecommunications services, selected the Terawave TW-600 FTTP platform to seamlessly integrate POTS, data, and video on a common platform for the deployment of a new telecommunications infrastructure for Seoul's subway system.

"The Terawave system was the only one among many vendors to pass our stringent tests in terms of functionalities, reliability, and environmental performance," said Kim Hyeong-Kyu, Director of Transmission Network Planning & Engineering Team, DACOM Corporation. "The reliability, quality, and flexibility that the Terawave solutions provide will enable us to fulfill all customer requirements today, and for the foreseeable future."

"As a leader in the converged access solution market, Terawave has the expertise and breadth of product portfolio to meet DACOM's needs," said Frank Lockwood, Sr. VP Sales and Marketing, Terawave Communications. "Together with our business partner, SPK Korea, we are pleased to offer Terawave's converged access solutions to Dacom Corporation, and we look forward to growing our relationship."

About Dacom Corporation

DACOM was founded in 1982 as Korea Data Communications Corp, and has since contributed to the early informatization of Korea. In May of 1999, 'DACOM Vision 2005' was announced, outlining a plan to transform the company into a comprehensive information communications enterprise, reaching 4.5 trillion won in yearly sales by 2005.

DACOM offers a variety of telephone services, including 002 international telephone service, 082 long-distance domestic telephone service, and 0600 telephone information service. DACOM also offers Chollian, the fifth largest Internet service in the world; BORANet, an exclusive Internet service for businesses, boasting over 13,000 subscribers and a 25% market share; EC services, with B2B, B2C, and eCredit; and Network Solutions, with extensive experience gained from building the Korean information superhighway.

Last year, DACOM founded Korea Internet Data Center (KIDC), the first of its kind in the nation, strengthening the company's Internet infrastructure sector. In addition, DACOM is preparing a launch overseas through its subsidiaries, DACOM America and DACOM Japan.

About Terawave Communications

Terawave Communications is a leading manufacturer of next generation converged access solutions for service providers, MSO, government and enterprise customers. The Terawave family of products integrates all types of user services over PON, Gigabit Ethernet, SDH and SONET network facilities. Terawave supports a comprehensive suite of networking protocols, including IP, MPLS and ATM. User services include Ethernet private lines and VPLS VPNs, TDM private lines, video and telemetry.

Terawave's platforms enable the most cost effective aggregation of voice, video and data on a single network access point. The Terawave Management System (TMS) provides state of the art management services that give our customers the ability to deliver services and bandwidth on demand, while minimizing time to market, and reducing capital and operating expenditures.

Terawave Communications is delivering converged access solutions to over 70 customers in 5 continents. For further information, visit the company web site at www.terawave.com.