Movaz Networks Unveils Product Portfolio for Wavelength Management Across Access, Metro & Regional Networks.

Business Editors

ATLANTA--(BUSINESS WIRE)--May 21, 2001

Company's Integrated Product Approach Will Redefine Optical Network

Economics to Deliver High-Bandwidth Wavelengths at Significantly

Reduced Cost

Movaz Networks Inc. announced today the successful completion of two alpha trials -- one conducted at a customer lab and one conducted "live" between two central office facilities.

With the availability of the alpha equipment, Movaz is introducing a new optical connectivity product line for access, metro and regional service providers, under the portfolio trademark of RAY.

The RAY product portfolio contains three interoperable products to provide integrated wavelength transport, switching and management capabilities at unprecedented price points. The RAYexpress(TM) is a 5.5-inch (15 cm) high Optical Add Drop Multiplexer ideally suited for customer premise applications. The RAYstar(TM) combines optical transport and wavelength routing functions in a single seven-foot bay for deployments in edge, core and hub central offices. The RAYtracer(TM) is a network management system that provides a Graphical User Interface for simplified point and click wavelength provisioning.

With these features, the RAY product portfolio will create intelligent wavelength delivery systems to promote dynamic bandwidth allocations and new services, such as optical virtual private networks.

"To create a wavelength class of service for the access, metro and regional networks and to differentiate it from the ultra long-haul area, we have concentrated on the flexibility required to transport and route wavelengths through the networks to enable faster service delivery and building an economic case for universal deployments," said Bijan Khosravi, CEO and Chairman of Movaz Networks. "Through extensive integration and innovative re-use of components in both hardware and software, the RAY product portfolio enables wavelengths to be transported and managed with the same degree of flexibility as today's STS-1s."

"The metro marketplace is progressing towards high bandwidth, wavelength services, but to date the technology has been price prohibitive to deploy," said Grier Hansen, Optical Infrastructure Analyst, Current Analysis.

"Movaz's emphasis on integrating signaling, routing and photonic switching gives them a necessary set of tools needed to drive down the costs of wavelength provisioning in the metro and open up that market for optical services."

With the above stated value propositions, Movaz is well positioned to become a leader in the optical domain, currently served by companies such as Ciena (Nasdaq: CIEN ), Lucent (NYSE: LU), Nortel (NYSE: NT)(Toronto: NT.TO), ONI Systems (NASDAQ: ONIS), and Sycamore (Nasdaq: SCMR).

With a team of engineering, sales and business professionals now exceeding 250, Movaz is gearing up for volume production and ramping operations in other key areas. Movaz is aggressively expanding its sales presence across the globe. In recent weeks, Movaz has added sales offices in Atlanta, Dallas, Denver, and London with additional locations to be announced in the next three months. With equipment now in trials, Movaz's Customer Service organization is growing rapidly and recruiting technical support personnel.

To share the learning and achievements the Movaz team has gained in the journey to develop revolutionary products, Movaz will present technical sessions on these four topics:

      --  Managed Wavelengths with MPlambdaS Control Plane
      --  The New Optical Network Economics
      --  Deploying the New Optical Network Technologies
      --  Photonic Switching Utilizing 3D MEMS Technology
at SUPERCOMM 2001 in booth 4864 in Hall E, June 5 - 7.

About Movaz Networks

Movaz Networks provides next generation all optical solutions for delivery of cost effective wavelength services. The company's products, designed for established and emerging carriers, are full-featured carrier-class solutions incorporating advanced optical transport, distributed photonic switching, MPLS (multi-protocol lambda switching) protocols, and standards based network management. Bijan Khosravi, CEO, founded Movaz in June 2000. Movaz has since grown rapidly to over 250 technical and business professionals. Visit Movaz on the web at www.movaz.com.