Sorrento Networks and Calient Networks Partner to Deliver Dynamic Optical Solutions.Business Editors/High-Tech Writers SCTE SCTE Society of Cable Telecommunications Engineers SCTE Society of Cable Television Engineers SCTE Serial Clock Transmit External Cable-Tec Expo 2004 SUPERCOMM 2004 SAN DIEGO--(BUSINESS WIRE)--June 14, 2004 Sorrento Networks (Nasdaq:FIBR FIBR Forward Indicator Bit Received ), a leading supplier of intelligent optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. solutions for metro and regional applications, and Calient Networks, a leading provider of optical carrier-class switching systems and software, announced a solutions partnership today to blend their expertise, products and market momentum. Sorrento has integrated Calient's DiamondWave(TM) PX photonic switch See optical switch. and GMPLS (Generalized Multiprotocol Label Switching) In a WDM optical networking system, it is the ability to route a data transmission based on the wavelength of light that carries it. control plane into Sorrento's GigaMux GM 6400 DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing transport system. For carriers, the "Powered by Calient(TM)" switching solution enables Sorrento to offer today an optical switching and transport solution for on demand, any-to-any wavelength connectivity, automated end-to-end circuit provisioning across a multi-vendor network, and a smooth migration path for existing static networks. For multi-service cable operators, Sorrento will also be able to support video on demand, video distribution and multicasting, and other cable applications requiring reconfigurable bandwidth. "Today's service providers have a vested interest Vested Interest A financial or personal stake one entity has in an asset, security, or transaction. Notes: For example, if you have a mortgage, your bank has a vested interest on the sale of your house. See also: Right in optimizing and expanding their networks," stated Mitch Truelock, vice president of corporate development for Sorrento Networks. "Sorrento's enhanced optical transport solution will help carriers augment existing DWDM networks and build new converged networks." "Calient has always been a leader in developing GMPLS control plane standards and solutions," Mitch continued. "Partnering with Calient ensures easy integration and ensured interoperability with other GMPLS-enabled devices being deployed today." "Sorrento is a great partner for Calient in these cable-centric opportunities," noted Calient chief marketing officer Ron Mackey. "More than ever, carriers and MSOs are investing to make their infrastructures world-class, future-proofed, multi-service and very intelligent. Calient and Sorrento are well-equipped to create complementary value on all of these fronts." The companies have completed interoperability and solutions integration testing through Sorrento's FIBRLab and will jointly demonstrate their integrated solutions at this week's Society of Cable Telecommunications Engineers' Conference in Orlando, Fla., (booth 355) as well as at next week's Supercomm Exposition in Chicago, Ill. (booth 22316). About Sorrento Networks Sorrento Networks, headquartered in San Diego, makes optical networking equipment for carriers and enterprises worldwide. Sorrento's products help customers increase profitability by improving transport efficiency and expanding the addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market of their fiber networks. Sorrento's customer base and market focus includes cable TV operators, telecom carriers, and service providers. Sorrento's products are also used for storage area networking (SAN) and enterprise private networking. Sorrento Networks' GigaMux product line is designed for high-performance, multi-protocol metro and regional WDM (1) (Wavelength Division Multiplexing) A technology that uses multiple lasers and transmits several wavelengths of light (lambdas) simultaneously over a single optical fiber. transport. GigaMux consists of compact, flexible, and cost-effective sub-systems based on a "pay-as-you-grow" architecture that allows carriers and enterprises to start small and expand their networks in conjunction with customer demand. Additional customer, product, and financial information about Sorrento Networks can be found at www.sorrentonet.com. About Calient Networks, Inc. Calient Networks is a leading provider of intelligent, carrier-class photonic switching systems and software that help service providers scale their networks for expanding bandwidth demands and deliver new wavelength services. Calient's DiamondWave(TM) switching system and GMPLS-powered networking innovations provide a seamless, 'opto-electronic-to-photonic' migration path that is non-disruptive to legacy operations, highly cost-effective, and an enabler to revenue-generating optical services. Calient is shipping its DiamondWave PXC PXC Photonic Cross-Connect (Nortel) PXC Premium Noise-Cancelling (headphones) PXC Pacific Xtreme Combat PXC Pirate Core (music genre) PXC Pdf Exchange systems and PX switching subsystems to production networks, labs and OEMs worldwide. The company is headquartered in San Jose, Calif. Additional engineering and manufacturing operations are located in Santa Barbara, Calif., while MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. design and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. operations are located in Ithaca, N.Y. For additional information about Calient, visit http://www.calient.net. Calient, the Calient Networks logo, the DiamondWave logo and "Where Innovation Comes to Light" are registered trademarks of Calient Networks, Inc. in the U.S. and other countries. Calient Networks and DiamondWave are trademarks of Calient Networks, Inc. All other marks used in this press release are the property of their respective owners. Forward-Looking Statements Except for historical information contained herein, the matters discussed in this release are forward-looking statements that involve risks and uncertainties. Words such as "plans," "expects," "intends," and variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements in this release are made pursuant to 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. The occurrence of actual events may differ materially due to a variety of factors, including without limitation the following: (1) Sorrento Networks' ability to fund its operations until such time that revenue and orders improve, including its ability to raise additional equity or 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 ; (2) unanticipated technical problems relating to Sorrento Networks' products; (3) Sorrento Networks' ability, or lack thereof, to make, market and sell optical networking products that meet with market approval and acceptance; (4) the greater financial, technical and other resources of Sorrento Networks' many, larger competitors in the marketplace for optical networking products; (5) changed market conditions, new business opportunities or other factors that might affect Sorrento Networks' decisions as to the best interests of its shareholders; and (6) other risks detailed from time to time in Sorrento Networks' reports filed with the U.S. Securities and Exchange Commission. |
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