Zhone Technologies to Present at 9th Annual Needham & Company Growth Conference.

OAKLAND, Calif. -- Zhone Technologies, Inc. (NASDAQ:ZHNE), a global provider of advanced communications equipment and a leader in VoIP, IPTV, and Ethernet over both copper and fiber access lines, announced today that Chairman and Chief Executive Officer Mory Ejabat will present at the 9th Annual Needham & Company, LLC Growth Conference on Tuesday, January 9, 2007 from 3:00 to 3:30pm EST in New York at the New York Palace Hotel.

Zhone will conduct a live webcast of the presentation. To access the webcast over the Internet, please go to http://www.zhone.com/about/investors. Rebroadcast of the presentation will be available shortly after the conclusion of the session and can be accessed over the Internet at http://www.zhone.com/about/investors.

About Zhone Technologies, Inc. (www.zhone.com)

Zhone Technologies, Inc. (NASDAQ:ZHNE) is a global provider of advanced communications equipment to more than 600 operators in both emerging and established markets. Zhone's market-leading Broadband Loop Carrier equipment enables operators to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to a cost-efficient, all-IP access network. The company's products address a broad range of applications including residential and business broadband, VoIP, IPTV, and Ethernet over both copper and fiber access lines.

Zhone's advanced networking solutions include the Single Line Multi-Service architecture (SLMS[TM]), Multi-Access Line Concentrator (MALC[TM]), Raptor[TM] ATM/IP DSLAMs, Zhone Residential Gateways (ZRG[TM]), GigaMux[TM] Optical Transport Systems and Zhone Management System (ZMS[TM]). For more information, please visit www.zhone.com.

Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone Technologies, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change without notice. Copyright (c) 2007 Zhone Technologies, Inc. All rights reserved.