Sorrento Networks and Fujitsu Compound Semiconductor Announce Development Agreement; Each Company Names the Other as a Strategic Technical Partner.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--May 14, 2003 Sorrento Networks Inc., the principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Sorrento Networks Corp. (Nasdaq:FIBR FIBR Forward Indicator Bit Received ), and Fujitsu Compound Semiconductor Inc. ("FCSI FCSI Foodservice Consultants Society International FCSI Fellow of the Canadian Securities Institute (Canadian Securities Institute) FCSI Fellow of the Canadian Securities Institute FCSI Fiber Channel Systems Initiative "), a subsidiary of Fujitsu Quantum Devices Ltd., announced today that they have executed an agreement naming each company a "strategic technical partner" of the other. The purpose of this agreement is to insure that each company is kept informed of developing technologies in the other's field of expertise, and to provide a basis for technical cooperation in development efforts. In commenting on this agreement, Sorrento Chairman Phil Arneson stated, "I am pleased that Sorrento and Fujitsu will be working together as strategic technical partners to advance our mutual interests in the field of 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. technology. Fujitsu is a respected worldwide corporation and is an industry leader in lightwave compound semiconductor devices. We believe this agreement will be very positive in helping Sorrento's R&D initiatives to develop products that will serve our customers' needs both now and in the future." FCSI's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Yutaka Hirano also commented on the agreement, stating: "Sorrento is an industry leader in the field of optical networking systems for metro and regional applications, and can help Fujitsu develop and refine cutting edge, application-specific components both for Sorrento and other companies in this important industry. We look forward to a long and mutually satisfying relationship with Sorrento and the industry at large." About Sorrento Networks Sorrento Networks, headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , is a leading supplier of intelligent optical networking solutions for metro and regional applications worldwide. Sorrento Networks' products support a wide range of protocols and network traffic over linear, ring and mesh topologies. Sorrento Networks' existing customer base and market focus includes communications carriers in the telecommunications, cable TV and utilities markets. The storage area network (SAN) market is addressed though alliances with SAN system integrators. Recent news releases and additional information about Sorrento Networks can be found at www.sorrentonet.com. About FCSI Fujitsu Compound Semiconductor Inc. ("FCSI"), headquartered in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif., is a wholly-owned subsidiary of Fujitsu Quantum Devices Limited, and is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales, service and design facility for compound semiconductor devices used in the data communications and telecommunications industry. FCSI brings to North America and selected international markets a combination of local engineering and technical support backed by the manufacturing strength of Fujitsu's Japanese and overseas factories. Fujitsu Quantum Devices Limited ("FQD FQD Fujitsu Quantum Devices, Ltd. FQD Florida Quality Development FQD Fare Quote Display FQD fuel quality directive (EU) FQD Full Quadrature Decoding ") is part of the Fujitsu Limited group of companies. Located in the prefecture of Yamanashi, Japan, FQD manufactures these products for the North American and global markets in one of the world's largest compound semiconductor operations. These operations are ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 and ISO 14001 certified, with support facilities strategically located throughout the world for assembly and testing. Fujitsu performs 100% testing to insure quality and reliability. For data information, FCSI's Web site is located at www.fcsi.fujitsu.com. For sales information, the company can be reached at the San Jose office at 408/232-9500. We can also be reached by facsimile at 408/428-9111. |
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