Sonus Networks Energizes its Market Momentum in China; Forges Partnership with China Putian to Market Cutting-Edge VoIP Infrastructure Solutions.BEIJING -- Sonus Networks, a leading provider of voice over IP (VoIP) infrastructure solutions, today announced that it has entered into a partnership agreement with Putian Capitel Group, a subsidiary of China Putian Corporation. Under the agreement, Putian Capitel will re-sell the full range of Sonus' VoIP infrastructure solutions as well as provide support and consultation to customers in China. At the agreement signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law. Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament. in Beijing, Mr. Simon Naylor, Vice President Asia Pacific/Japan of Sonus Networks, said, "We are confident that VoIP, because of its compelling advantages of cost effectiveness, versatility of service offerings and high flexibility, will soon become the mainstream telephony technology. The China market will be one of those hot spots hot spots acute moist dermatitis. that propels the phenomenal growth of advanced VoIP infrastructure solutions, such as those offered by Sonus." In a survey commissioned by Sonus Networks at the recent Carriers World 2004 event in the UK, more than 60 percent of the respondents believed that consumer and business VoIP services were already overtaking o·ver·take tr.v. o·ver·took , o·ver·tak·en , o·ver·tak·ing, o·ver·takes 1. a. To catch up with; draw even or level with. b. To pass after catching up with. 2. POTS in terms of traffic generated, whilst the rest noted that if VoIP has not yet surpassed traditional telephony, it will within the next 2 years. In a similar survey conducted at the VON Europe 2004 event in June, 70 percent of the participants indicated that they foresee IP ultimately replacing legacy telephone networks. Industry analysts projected that VoIP telephony customers would represent 40 percent of the worldwide market by 2008. VoIP is also witnessing rapid acceptance in China. "Our business model of working with strong local partners has successfully helped us make inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into many markets. Our customers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a company with a one-stop shopping option and the expertise to provide advice on infrastructure purchases," said Mr. Henry Lam, Country Director China of Sonus Networks. "With its expertise in network infrastructure, profound experience with service providers, and thorough understanding of the local market, Putian Capitel is the best choice to help us tap the burgeoning China market. We believe that we can replicate our winning global formula in China through partnerships with Putian Capitel," commented Lam. Mr. He Yaoliang, Senior Vice President of Putian Capitel said, "Sonus' award-winning voice infrastructure solutions, including media gateways, softswitches and network management systems, are deployed in major service provider networks worldwide. We are happy to help introduce these cutting-edge and proven solutions to Chinese service providers to benefit their local customers." "Chinese customers are discerning and they demand best-of-breed telecommunications solutions. The market potential is huge if you can make the right solutions available to the customers. The collaboration between Putian Capitel and Sonus will make this happen," added Yaoliang. Sonus is a leading provider of VoIP solutions and has been named the market share leader in several segments of the carrier VoIP equipment market by industry research firms. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the second quarter market share report released by In-Stat/MDR, Sonus is the leader in worldwide high-density voice gateway ports and revenue, as well as total voice gateway ports. Similarly, recent market analysis for Q3 2004 by Synergy Research Group showed that Sonus holds global leadership positions in carrier packet voice ports (all densities), high-density gateway revenues and high-density gateway ports. About Sonus Networks Sonus Networks, Inc. is a leading provider of voice over IP (VoIP) infrastructure solutions for wireline and wireless service providers. With its Open Services Architecture The Open Service Access or OSA is part of the 3rd generation mobile telecommunications network or UMTS. OSA describes how services are architected in an UMTS network. The standards for OSA are being developed as part of the 3rd Generation Partnership Project (3GPP). (TM)(OSA 1. OSA - Open Scripting Architecture. 2. OSA - Open System Architecture. ), Sonus delivers end-to-end solutions (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. addressing a full range of carrier applications, including trunking and tandem switching A telephone central office switch that links telco end offices together and does not connect to the customer directly. Also called a "Class 4 switch" or "TDM switch," a tandem switch is a computer that is specialized for TDM-based, circuit-switched telephone calls. , residential and business access, network border switching and enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; . Sonus' voice infrastructure solutions, including media gateways, softswitches and network management systems, are deployed in service provider networks worldwide. Founded in 1997, Sonus is headquartered in Chelmsford, Massachusetts Chelmsford is a town in Middlesex County, Massachusetts in the Greater Boston area. It is located 24 miles from Boston and, bordering on the City of Lowell, it is part of the Greater Lowell metropolitan area. . Additional information on Sonus is available at http://www.sonusnet.com About China Putian and Beijing Capitel China Putian is a leading provider of IT products and services for communication industry and one of the top 100 electronic information enterprises in China. Its subsidiary Putian Capitel Group specializes in research and development, manufacturing, sales and system integration for telecommunication solutions. Established in September 2001, Putian Capitel has a nationwide sales and marketing network. Backed by its cutting edge technologies and quality services, Putian Capitel is widely regarded as a leading brand in telecommunication sector in China. This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the "Risk Factors" section of Sonus' Annual Report on Form 10-K/A dated July 28, 2004 and filed with the SEC, and the "Cautionary Statements" section of Sonus' Quarterly Report on Form 10-Q Form 10-Q See 10-Q. , dated November 9, 2004 and filed with the SEC, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. In addition, any forward-looking statements represent Sonus' views only as of today and should not be relied upon as representing Sonus' views as of any subsequent date. While Sonus may elect to update forward-looking statements at some point, Sonus specifically disclaims any obligation to do so. Sonus is a registered trademark of Sonus Networks. Open Services Architecture, GSX GSX Gelled Slurry Explosive GSX Ground Storm X (VMware) GSX Gran Sport Extra (Buick Skylark) GSX Gasco Energy Company GSX Gender Sexuality XYZ 9000, Insignus and Sonus Insight are trademarks of Sonus Networks. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners |
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