Elastic Networks Teams with Nortel Networks to Provide Seamless Ethernet
Network for Hargray Communications
Ethernet End-to-End Network to be Deployed on Hilton Head Island
ALPHARETTA, Ga., Jan 9, 2001 (BUSINESS WIRE) -- Elastic Networks (NASDAQ: ELAS)
announced today that they will team with Nortel Networks to provide an
end-to-end Ethernet network solution for Hargray Communications, the independent
telephone company serving Hilton Head Island and the surrounding South Carolina
low country.
The solution combines Elastic Networks' Storm System IP DSL and products from
Nortel Networks Optical Ethernet solution set for a highly reliable, cost
effective, network architecture that will enable Hargray to deliver high-speed
broadband access to its business and residential customers.
Hargray's new Optical Ethernet network will use the Nortel Networks OPTera
Packet Edge System operating in the OPTera Metro 3400 Multiservice Platform and
OC48 TransportNode, Nortel Networks Shasta 5000 Broadband Service Node and
Nortel Networks Passport 8600 Routing Switch to deliver service from the Central
Office to the edge of the fiber optic ring, then interface with the Elastic
Networks IP DSL Storm System to span the "last mile" of copper phone line to the
subscribers' home or business. This simple, efficient network offers a seamless
connection - from the optical network core to the desktop - exclusively using
Ethernet protocol.
Elastic Networks' Ethernet-based, next generation DSL technology, EtherLoop(TM),
provides what conventional DSL cannot: a complete Ethernet broadband connection
over copper to the end customer. Hargray subscribers will receive
bi-directional, high-speed broadband access that can be easily scaled to support
applications ranging from multi-media to virtual private networks, over their
existing telephone lines.
"Our high-speed access subscribers, particularly our business customers,
demanded more bandwidth than our previous DSL system could deliver," says Gerald
Coleman, vice president and general manager for Hargray Communications. "The
end-to-end Ethernet network from Elastic Networks and Nortel Networks maximizes
our current fiber and copper infrastructure and gives us the upstream and
downstream bandwidth to meet present customer requirements and will scale to
meet the needs of future applications."
"The Hargray Communications solution is a model for end-to-end Ethernet over
copper and fiber networks," says Guy Gill, CEO for Elastic Networks. "The power
of Ethernet is no longer limited to the confines of the enterprise. Advances in
gigabit optical technology are enabling much more powerful and scalable
networks, using Ethernet, the most prevalent high-speed standard in the world.
Visionary companies, like Hargray, are proving the viability of end-to-end
Ethernet networks. Our EtherLoop technology offers a standard, plug and play
bridge to the customer for these new networks."
Elastic Networks Storm System product family enables carriers and service
providers to offer data and voice services utilizing next-generation IP DSL
technology known as EtherLoop. Comprised of the BitStorm IP DSL Access
Multiplexer, Layer 3 IP Switch, Subscriber Management Gateway/Controller and the
BitStorm Server, the Storm System transforms regular telephone twisted pair
wiring into a high-speed, IP-based Local Area Network, capable of supporting
lifeline voice services as well as voice over IP, secure network-based VPNs,
multicast streaming audio and video, interactive gaming, enhanced chat rooms,
web caching, and localized web hosting for business, consumer and entertainment
services. The system delivers bi-directional bandwidth up to 6 Mbps over regular
copper phone lines and offers spectral compatibility in the telecom cable plant,
eliminating the loop engineering, binder management practices, and truck rolls
required to deploy conventional DSL technologies.
Elastic Networks (NASDAQ: ELAS) is a leader in innovative, next-generation DSL
technology and high-speed Internet access solutions, enabling telecommunications
service providers to easily offer affordable broadband services that simplify
the way people connect. By leveraging its technological differentiation in
speed, deployability, and economics, and by building strategic relationships
with distributor, chip manufacturing, and data networking partners, Elastic
Networks continues to increase the pervasiveness of its technology in markets
throughout the world. The company has offices in Alpharetta, GA, Toronto, and
Hong Kong.
For more information about Elastic Networks and its high-speed access and
subscriber management solutions, visit www.elastic.com, www.speedupamerica.com,
or contact Elastic's U.S. headquarters in Alpharetta, Georgia, directly at (678)
297-3100. For investor information, e-mail Elastic at irinfo@elastic.com, or
call (678) 297-3100.
Nortel Networks, OPTera, Shasta and Passport are trademarks of Nortel Networks.
Forward looking statements
Certain of the statements contained in this release are forward-looking
statements (rather than historical facts) that are subject to risks and
uncertainties that could cause actual results to differ materially from those
described. With respect to such forward-looking statements, the Company seeks
the protections afforded by the Private Securities Litigation Reform Act of
1995. These risks include, without limitation, (1) that the Company may fail to
be competitive with existing and new competitors, (2) that the Company may not
maintain or grow its level of revenues, given its currently limited customer
base, (3) that the Company's limited number of product offerings may fail to
achieve widespread market acceptance, (4) that negative changes in customer
demands and requirements regarding our prices, technology and products may
occur, (5) that DSL technology may fail to achieve widespread market
penetration, (6) that interruptions or disruptions in our product shipments
and/or our various arrangements with our distributors, manufacturers or
resellers may negatively impact our ability to make sales and/or minimize our
costs, (7) that the Company may not adequately respond to technological and
regulatory developments impacting the telecommunications industry, (8) that
needed financing may not be available to the Company if and as needed, (9) that
a decline in the size and potential growth of the MTU, carrier and international
markets for our technology may occur, (10) that a significant reversal in the
trend toward increased usage of the Internet may occur, (11) that a drastic,
negative change in the U.S. economy or market conditions may occur, and (12)
that some other unforeseen difficulties may occur from time to time. This list
is intended to identify certain of the principal factors that could cause actual
results to differ materially from those described in the forward-looking
statements included elsewhere herein. These factors are not intended to
represent a complete list of all risks and uncertainties inherent in the
Company's business, and should be read in conjunction with the more detailed
cautionary statements included elsewhere in the Company's most recent filings
with the SEC.
CONTACT: Elastic Networks Inc., Alpharetta
Lorraine Stewart, (678) 297-3060
lstewart@elastic.com
or
GCI Group
Melissa Davis, (404) 870-6790
mdavis@gcigroup.com
or
Becca Brett, (404) 898-1643
bbrett@gcigroup.com
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KEYWORD: GEORGIA
INDUSTRY KEYWORD: MARKETING
AGREEMENTS
NETWORKING
COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
STOCK SYMBOLS: [(elas)] |
