Equinix Expands Sydney IBX Data Centre to Accommodate Strong Regional Growth.Multi-Million Dollar Expansion to Increase Capacity by 50% at Center that has Become a Principal Hub for the Region's Internet Businesses SYDNEY, Australia -- Equinix, Inc. (Nasdaq:EQIX), the leading provider of network-neutral data centers and Internet exchange See IXP and NAP. services, today announced an extensive U.S. $3.8 million (AUD AUD In currencies, this is the abbreviation for the Australian Dollar. 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. $5 million) expansion of its Sydney Internet Business Exchange[TM] (IBX IBX Independence Blue Cross (Health Insurance Company) IBX Internet Business Exchange IBX Integrated Business Exchange IBX Inner Banks (Foundation of Renewal for Eastern North Carolina) [R]) center. The expansion comes after Equinix's recently announced expansions in the U.S., continued strong demand from local and regional businesses in the Australia market, and strong financial returns for Equinix's Australia operations. The expansion, which will increase the existing capacity of the Sydney IBX by 50% and add approximately 10,000 square feet and 400 cabinets, will enable Equinix to accommodate customers' increasing business needs for collocation collocation - co-location and connectivity to a large aggregation of network service providers. The Sydney IBX currently has more than 150 customers, including CITEC, Hostworks Group Limited and Hermes Precisa Pty Ltd PTY LTD Propriety Limited (company structure in Australia) (HPA (1) (High Performance Addressing) Refers to a variety of earlier addressing techniques that improved the quality of a passive matrix (LCD) screen. (2) (High Power A ), and it facilitates a critical role in the interconnection and peering infrastructure of many enterprises, content companies, networks and systems integrators. Equinix intends to begin placing customers in the expanded space at the Sydney IBX in April of 2007. Equinix guidance provided on October 25, 2006 remains unchanged as capital expenditures for this expansion were included in that guidance. Sydney is one of Equinix's fastest growing markets in the Asia-Pacific region, with a more than 70 percent increase in revenue from 2004 to 2005. Driving much of this growth has been Equinix's ability to provide direct access to the largest aggregation of network service providers within the same physical location. At the same time, the data centre market in Australia is undergoing significant expansion, and demand for quality collocation space is now outpacing supply. This trend is mirrored in the U.S. where Equinix has undergone significant expansion and now has multiple IBX data centers in several markets including the Silicon Valley, Washington, D.C., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Chicago areas. "Equinix continues to grow and we are looking at further expansion in the region through both building new data centers and forming strategic partnerships," said Doug Oates, Managing Director of Equinix Australia. "This expansion in Australia is a response to demands from corporations seeking secure and robust facilities to deploy a convenient connectivity infrastructure by working under the same roof as wide diversity of telecommunications providers." About Equinix Equinix is the leading global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systems integrators and network services providers. Through the company's Internet Business Exchange[TM] (IBX[R]) centers in 11 markets in the U.S. and Asia, customers can directly interconnect with every major global network and ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs. This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; a failure to receive significant revenue from customers in recently-acquired data centers; failure to complete any financing arrangements contemplated from time to time; failure to receive the proceeds from our loan commitments as expected; failure to increase the debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay on our Washington, D.C. area campus as expected; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; the results of any regulatory review of past stock option grants and practices or any litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc such grants and practices; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release. Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc. |
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