Hanaro Telecom Selects Riverstone Networks Metro Solutions to Eliminate Bandwidth Bottleneck in Korea.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Oct. 2, 2002 Deployment Brings Advanced Services to Thousands of New Subscribers in Korea Metropolitan area networking pioneer Riverstone Networks Riverstone Networks, was a provider of networking switching hardware based in Santa Clara, California. Originally part of Cabletron Systems, and based on an early acquisition of YAGO, it was one of the many Gigabit Ethernet startups in the mid 1990's. , Inc. (Nasdaq:RSTN RSTN Radio Solar Telescope Network RSTN Restricted Securities Trading Network RSTN Royals Sports Television Network (Kansas City Royals) RSTN Reflective Super Twisted Nematic ) today announced that Hanaro Telecom Hanaro Telecom, Inc. is a Seoul-based Korean telecommunications company, one of the largest providers of high-speed broadband internet access in South Korea. The company also is one of the largest telephone companies in South Korea, one of only two companies licensed to provide , the second largest broadband service provider An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. in Korea, has deployed Riverstone's metro routers in its e-Valley project to ease last-mile network congestion In data networking and queueing theory, network congestion occurs when a link or node is carrying so much data that its quality of service deteriorates. Typical effects include queueing delay, packet loss or the blocking of new connections. in Seoul. In a two-phased deployment, Hanaro installed RS 8000 and RS 3000 metro routers throughout its network to aggregate traffic from high-density apartment buildings in Korea and deliver advanced services such as video on demand and Internet gaming to its 2.4 million subscribers. "As one of the only carriers in Korea licensed to provide voice and data services and also to build our own network, we are uniquely positioned to bring new services to the Korean telecommunications market," said Bae Dong-Hwa, managing director of Hanaro Telecom's Transmission Network Unit. "Riverstone's metro routers provide us with the scalable and reliable solutions we need to deliver the high-quality services our customers demand while the company provides us with the support to implement our vision of network ownership." Hanaro's e-Valley project delivers ultra high-speed data and voice services simultaneously over the carrier's fiber optic network. By providing high-density buildings with 45 MB, 155 MB, or one Gigabit connections, Hanaro is extending the reach of its network to more than 11 million homes throughout the greater Seoul area. "Hanaro is working to build its own network and change the way carriers do business in Korea," said Andrew Feldman, Riverstone's vice president of corporate marketing and development. "Selecting Riverstone for its e-Valley build out speaks volumes for our technology and how well it has been received in the Korean market. The recent recognition of Riverstone as an outstanding performer in the growing metro Ethernet A metropolitan area network (MAN) that uses a 10 Gigabit Ethernet (10GbE) backbone rather than SONET/SDH links. Ethernet offers a more economical alternative. In a Metro Ethernet network, multiprotocol label switching (MPLS) may be deployed to provide quality of service (QoS). market by two top Korean technology publications further confirms our success." In a recent report, industry research firm RHK RHK Ratahallintokeskus (Finnish: Finnish Rail Administration) RHK Ryan Hankin Kent (RHK, Inc. marketing consulting firm) RHK Rigshospitalets Kollegium (Copenhagen, Denmark dorm) named Riverstone the leading metro Ethernet vendor in the world, based both on port shipments and total revenue, with a 38 percent and 41 percent respective market share. Additionally, The Digital Times and The Electronic Times, the two leading Korean technology publications, recently singled out Riverstone's metropolitan networking solutions for their advanced routing and switching features and recognized the company as a leader in the growing Korean market for metro Ethernet solutions. About Riverstone Networks Riverstone Networks, Inc. (Nasdaq:RSTN) provides solutions for metropolitan area networks, enabling carriers to convert raw bandwidth into profitable services. In more than 50 countries, carriers operating the world's largest metropolitan area networks depend on Riverstone to create and reliably deliver profitable services over legacy and next-generation infrastructures. Worldwide, Riverstone routers are the trusted choice of telecommunications carriers. For more information, please visit Riverstone's web site at www.riverstonenet.com. Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements speak only as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include the risks detailed from time to time in Riverstone Networks' SEC reports, including its final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. dated March 3, 2001. Riverstone Networks disclaims any intent or obligation to update or revise these forward-looking statements. Note to Editors: Riverstone Networks is a trademark of Riverstone Networks, Inc. All other trademarks, service marks, and trade names belong to their respective owners. |
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