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Technology Stocks : Corvis (CORV)
CORV 0.4200.0%May 27 5:00 PM EST

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To: Techplayer who wrote (242)10/9/2000 11:37:57 AM
From: mact  Read Replies (2) of 325
 
to no avail in this mkt:

(BSNS WIRE) Corvis Delivers Industry's First All-Optical Switch to Broadwing Communications
for Commercial Deployment

Business Editors/Hi-Tech Writers

COLUMBIA, Md.--(BUSINESS WIRE)--Oct. 9, 2000--

The Corvis All-Optical Switch Provides 2.4 Terabit Switching
Capacity, Creating the Industry's First All-Optical Multi-Terabit
Point of Presence

Corvis Corporation (NASDAQ: CORV), a leader in delivering
intelligent all-optical networking solutions, today announced the
delivery of the industry's first all-optical switch to Broadwing
Communications, a wholly-owned subsidiary of Broadwing Inc. (NYSE:
BRW).
This marks the first time that a carrier will install an
all-optical, multi-terabit switch for commercial use in a nationwide
network.
"The deployment of the first all-optical switch in a commercial
network is a major milestone in this industry," said Dr. David Huber,
president and CEO of Corvis Corporation. "For years, the industry has
talked about the promise of all-optical switching products, but Corvis
is the first to deliver. All-optical technology has been our focus
since the company was founded, and we're very excited about the future
of this technology and the impact it will have on the industry."
The unprecedented growth in data-intensive applications such as
Internet access, e-mail, e-commerce, streaming video, web-hosting, and
mission critical business applications has placed increased demand on
carriers' networks. Service providers are meeting this demand by
designing their networks for multi-terabit capacity.
The Corvis all-optical solution gives carriers 2.4 terabit
capacity traffic management.
"Corvis' delivery of the industry's first all-optical switch to
Broadwing is a defining moment in our industry," said Rick
Ellenberger, president and CEO of Broadwing Inc. "The integration of
the Corvis all-optical switch into the world's first all-optical
network, now being deployed by Broadwing, will enable us to deliver
the killer platform that makes possible new applications and services
for our customers."
The Corvis all-optical switch solves one of the key operational
issues for today's carriers. Corvis delivers 2.4 terabit capacity
management in a mere fraction of the footprint required in
competitors' commercially available switches as well as other proposed
switching solutions.
The Corvis all-optical switch also enables service providers to
switch network traffic without having to undergo unnecessary and
expensive optical-to-electrical and electrical-to-optical conversions,
as with all other switching equipment commercially available in the
industry.
Transmitting and switching traffic entirely in the optical form as
wavelengths of light results in higher performance and reliability for
carriers, while significantly reducing the capital and operational
costs associated with today's electrical/optical hybrid switching
technology. The Corvis all-optical switch is a key network element to
enable point and click provisioning of wave services.
"Delivery of all-optical switching is a tremendous breakthrough in
this industry and will provide the catalyst for service providers to
begin deployment of next-generation Internet and application
services," said Andrew McCormick, senior analyst at Aberdeen Group.
"Corvis has established an important benchmark in all-optical
networking. It is well ahead of the expected timetable for commercial
deployment of these systems."
The Corvis CorWave product suite offers the industry's first
end-to-end all-optical network solution that provides high-capacity,
all-optical switching and ultra-long distance transport with
intelligent network management required for next-generation, terabit
Internet Protocol (IP) networks.
Corvis' integrated all-optical network solution supports both 2.5
and 10 Gigabit per second transmission.

About Corvis

Corvis Corporation is a leading provider of all-optical networks
founded by Dr. David Huber, a pioneer in the field of optical
communications. The company is revolutionizing the way communications
traffic is moved in the new Internet-driven economy by deploying the
industry's first all-optical network providing integrated all-optical
switching, ultra-long distance transport and network management.
Corvis products and services deliver all-optical network
intelligence and mesh network capability.
This allows communication service providers to realize a
significant gain in network capacity using existing fiber in the field
and improve their competitiveness by delivering new and existing
services and applications more rapidly, while significantly reducing
the overall capital and operational cost of building and maintaining
their network.
For more information, call Corvis at 443-259-4000 or visit the
Corvis web site at www.corvis.com. Corvis, CorWave and the Corvis logo
are trademarks and/or service marks of the Corvis Corporation.
Note: This announcement contains certain forward-looking
statements that are subject to risks and uncertainties.
Actual results could differ materially from those currently
anticipated as a result of a number of factors, including, but not
limited to, the risks and uncertainties discussed under "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's filings with the Securities
and Exchange Commission.
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