Village Networks Expands Asian Presence Through Strategic Partnership With NeoWave, a Leading Provider of Access Solutions in Korea.Business Editors/Hi-Tech Writers EATONTOWN, N.J.--(BUSINESS WIRE)--Oct. 15, 2001 Partnership Signed as Village Networks' iOPN2000 Becomes Commercially Available; iOPN2000 Completes NeoWave's Portfolio of Products for the Optical Internet Village Networks, Inc., the leader in integrated packet-over-optics networking solutions, today announced a strategic partnership with NeoWave, Inc., a rapidly growing provider of optical Internet access See how to access the Internet. solutions in Korea. This partnership is mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" to both Village Networks and NeoWave. For Village Networks, it provides a strong local representative to the significant Korean telecommunications marketplace. Under the terms of the agreement, NeoWave will work with Village Networks' Asia- Pacific business development and sales team on market and business development, as well as provide customer service and support and systems integration. For NeoWave, the addition of the industry-leading iOPN2000 optical packet node adds a metro-core offering to complete its comprehensive portfolio of solutions for the optical Internet. The iOPN2000 is the first optical packet node to fully integrate the intelligence of packet switching A network technology that breaks up a message into small packets for transmission. Unlike circuit switching, which requires the establishment of a dedicated point-to-point connection, each packet in a packet-switched network contains a destination address. with the power of optics into a single networking device for metro and regional markets. First announced in December 2000, the iOPN2000 has undergone extensive trials with service providers, including Global Crossing, and is beginning commercial availability this year. "Village Networks is very pleased to be joining forces with NeoWave, one of the leaders in 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. in Korea. This partnership greatly strengthens our ability to introduce the iOPN2000 to the Korean service provider market," said Kai Eng, founder, 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. of Village Networks. "Our partnership with Village Networks is very important to us as it completes our optical solutions portfolio with the addition of the iOPN2000, the industry's first optical packet node," said Dr. DooWhan Choi, President and CEO of NeoWave. "Working with Village Networks allows us to further our vision of offering a comprehensive optical networking solution, and we look forward to collaborating with Village Networks to deliver this." NeoWave's flagship products include FM200, a small-size fiber-optic loop carrier; FLC-D, a STM-1, medium-size fiber-optic loop carrier; MSDSL MSDSL Multi-Rate Symmetric Digital Subscriber Line (UUNET) , a multi-rate symmetric DSL See DSL. for Internet leased line A private communications channel leased from a common carrier. Most digital lines require four wires (two pairs) for full-duplex transmission. (communications, networking) leased line connection; EtherMate, a residential Ethernet solution; and NetMate, next-generation voice and Internet integrated access multiplexer for xDSL, modem and ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. . NeoWave's EtherMate and NetMate, a residential Ethernet access multiplexer and a next- generation Internet access multiplexer (IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10. ["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971]. ), have been developed to accomplish the dual goals of addressing the current challenges facing telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. operators and expanding future market and business areas. "This partnership is a very positive and important milestone for both companies. For Village Networks, this partnership establishes a beachhead beach·head n. 1. A position on an enemy shoreline captured by troops in advance of an invading force. 2. A first achievement that opens the way for further developments; a foothold: for the company in Korea, and for NeoWave, the addition of the iOPN2000 completes its portfolio of optical access solutions," said Chris Heckart, President of TeleChoice, a leading strategic consulting firm. "Village Networks-NeoWave collaboration highlights the continued globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of the industry and the heightened importance of international partnerships such as this one." About NeoWave NeoWave, Inc. is a leader in the development and manufacture of optical Internet subscriber access network systems to provide high-speed multimedia Internet services to customers. The company was established in April 1998, by Dr. DooWhan Choi, a world-renowned specialist in developing network access solutions. NeoWave has received numerous government awards, including the First-Venture Company award and the Prime Minister's award for small and medium enterprises. About Village Networks Village Networks (www.villagenetworks.com) is a leader in intelligent IP-over-optics solutions for metropolitan and regional networks. The company's iOPN2000, the industry's leading optical packet node, utilizes Village Networks' patent-pending Optical Flow Networking technology to integrate light-speed packet processing with high-capacity optical switching into a powerful, single networking node. Commercially available in Q4 2001, the iOPN2000 helps service providers cut costs by dramatically simplifying their networks and operations and supports both legacy and new services with guaranteed QoS, enabling them to increase revenues. Among significant recognition received are Communication Systems Design's COMET Award 2001 as a top 'up and coming' technology company, Telecommunications Magazine's Hot Start-Up Award for 2001, the COMNET COMNET - A simulation tool from CACI for analysing wide-area voice or data networks, based on SIMSCRIPT. 2001 New Product Achievement Award and Telecommunications Magazine's Product of the Month. Village Networks has raised $50 million from leading investors and strategic partners including Geocapital Partners, Global Crossing Ventures, The Goldman Sachs Group, Intel Capital, and Spectrum Equity Investors. Village Networks is headquartered in Eatontown, NJ. Village Networks, iOPN Optical Packet Node, iOPN2000, VISION and Optical Flow Networking are trademarks of Village Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners. |
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