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Technology Stocks : AVCI

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To: CrackerJack48 who started this subject3/19/2001 12:51:16 PM
From: bob zagorin   of 190
 
Avici Systems and Orchestream Team to Provide VPN Service Solution to Carriers

NORTH BILLERICA, Mass. & LONDON--(BUSINESS WIRE)--March 19, 2001--

Collaboration Enables Carriers to Drive Profitability and Accelerate the Delivery of New, Differentiated IP Services

Avici Systems Inc. (Nasdaq:AVCI), a leading provider of scalable core routing solutions for intelligent IP-over-optical networks, and Orchestream(TM)Holdings plc (LSE:OCH), a leading provider of services activation and performance management software to global telecommunications network operators, today announced a partnership that will enable network operators to deliver new IP services faster and more efficiently.

The partnership between Avici and Orchestream will enable network operators to deploy and manage Avici's scalable IP-over-optical core router solution in combination with a range of supported third-party provider edge (PE) and customer edge (CE) routers. This will minimize operational costs while enabling seamless IP VPNs and differentiated service provisioning in a multi-vendor environment, utilizing Multiprotocol Label Switching (MPLS) and Quality of Service (QoS) features.

Steve Kaufman, president and COO of Avici Systems said, "Our customers are looking for innovative management solutions that enable cost-effective, rapid provisioning of new IP-based services. Avici's MPLS and QoS capabilities, combined with Orchestream's IP Service Activation software, provides a way for carriers to drive profitability and accelerate the delivery of next-generation IP services."

Orchestream delivers the world's first open, scalable platform giving service providers the ability to offer their customers key IP services including MPLS-based IP VPNs with application specific performance guarantees. Its software uses a sophisticated model of the network to allow services to be activated across equipment from multiple vendors in a reliable, accurate and timely manner.

"Operators worldwide have recognized the benefits of Avici's scalable core routers, we are very pleased therefore to have been selected as their premier activation and provisioning partner," said Ashley Ward, CEO of Orchestream. "Technologies such as Orchestream's IP Service Activation software coupled with Avici's scalable QoS-enabled core routers make service providers more competitive, automating their business and making networks more profitable."

About Avici Systems

Avici Systems Inc., headquartered in North Billerica, Mass., is a developer of next-generation Internet backbone platforms that optimize and drive creation of all-optical "speed-of-light" networks. Designed to bring packet intelligence to the core of optical networks, Avici's technologies offer superior scalability, resiliency and port density enabling just-in-time bandwidth provisioning, high reliability and the quality of service needed for carriers and ISPs to support mission-critical applications of the future.

Visit Avici's World Wide Website at avici.com.

Avici and TSR are registered trademarks of Avici Systems Inc.

About Orchestream

Orchestream is a leading provider of services activation and performance management software to the telecommunications industry. The company enables telecommunications carriers to deliver Internet Protocol (IP) based, e-commerce, data, video and voice-over-IP services. Orchestream's award-winning software, a major component of the Operations Support System (OSS), is the leading activation and provisioning solution for configuration of IP virtual private networks (IP-VPNs), facilitating Quality of Service (QoS) and performance monitoring of key network services, enabling profitable end-to-end Service Level Agreement (SLA) management. Orchestream's customers include: Telstra, Global Crossing, Interoute, NTT and Energis. For more information visit www.orchestream.com, or call: Europe +44 (0) 20 7348 1500; North America: (212) 629 3134.

This release contains information about Avici's future expectations, plans, and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. When used in this press release, the words "will be" and other similar expressions are intended to identify such forward looking statements.

Such risks and uncertainties include, but are not limited to, market acceptance of Avici products, services and enhancements, customer purchasing patterns and commitments, development of the market place, product development and enhancement, intensity of competition of other vendors, technological changes and other risks set forth in Avici's filings with the Securities and Exchange Commission.

CONTACT:

Avici Contacts: Orchestream Contacts:

Avici Systems Orchestream

Esmeralda Swartz Martin McCann

978-964-2000 +44 (0) 20 7348 1500

eswartz@avici.com mmccann@orchestream.com

or

LNS Communications Manning Selvage & Lee

Cathy Caldeira Jeanne Murphy

617-577-9777 (617) 437-7722

ccaldeira@LNScom.com jeanne.murphy@msltech.com

KEYWORD: MASSACHUSETTS INTERNATIONAL EUROPE UNITED KINGDOM

BW2085 MAR 19,2001

4:01 PACIFIC

7:01 EASTERN
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