Avici Systems Expands Into Asia; Expansion Targets One of World's Largest Telecom Markets
N. BILLERICA, Mass.--(BUSINESS WIRE)--April 9, 2001--Avici Systems Inc. (Nasdaq: AVCI), a leading provider of scalable core routing solutions for intelligent IP-over-optical networks, today announced the opening of offices in Beijing and Hong Kong, to better target one of the largest telecom markets in the world. Avici's new offices, its first in the Asia-Pacific region, will enhance its ability to support local customers and partners.
According to telecommunications analyst firm RHK, the Asian market is expected to account for 48 percent of worldwide Internet usage by 2003, with China alone adding two million users per month. "The exponential growth of Internet use in Asia validates the need and demand for new IP infrastructure. In order to compete in the worldwide IP router market, Avici Systems is establishing a strong sales, service and support presence in Asia," said Steve Kaufman, president and COO of Avici Systems. "Regional customers and partners will benefit from our direct presence in this market."
Avici's sales, service and support capabilities in Asia include partnerships with Nissho and Itochu in Japan, Samsung in Korea, and CommVerge Solutions in the Pan-Asian region.
Avici is the only vendor with a proven scalable core routing solution to fulfill carriers' needs as they create 21st century networks to increase profits, reduce costs and improve the velocity of provisioning new IP services. Its TSR(R), a leading core routing platform, though capable of reaching terabit speeds, is -- more importantly -- incrementally scalable from gigabit to terabit capacity while in service, unlike competitive fixed-configuration routers. With the TSR, Avici is capitalizing on the rapidly expanding worldwide market opportunity for core routers, which RHK estimates to be $4.5 billion in 2001, $8.6 billion in 2002 and $12.7 billion in 2003.(1)
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.
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.
(1) "Core Switch Router Forecast," RHK, December 2000
CONTACT:
Avici Systems
Esmeralda Swartz
978-964-2000
eswartz@avici.com
or
LNS Communications
Cathy Caldeira/Dylan Locsin
617-577-9777
ccaldeira@LNScom.com
dlocsin@LNScom.com
KEYWORD: MASSACHUSETTS
BW2030 APR 09,2001
3:59 PACIFIC
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