Elastic Networks Announces EtherLoop2 Technology
Enables Ethernet at 100 Mbps Over Regular Phone Lines
ATLANTA, Jun 5, 2001 (BUSINESS WIRE) -- Elastic Networks (NASDAQ: ELAS) today
announced its industry-first EtherLoop2(TM) technology.
Etherloop2 technology expands the capabilities of EtherLoop(TM) exponentially by
delivering services at rates up to 100 Mbps and at distances up to 21,000 feet,
exceeding conventional xDSL rates by more than 90%.
EtherLoop technology enables a copper bridge to optical Ethernet networks. The
unique IP-native Ethernet solution adapts to existing copper lines, avoids
interference with other signals and has flexible bandwidth symmetry. EtherLoop's
adaptability eliminates the need for loop conditioning and continuously
maximizes performance in an unpredictable and constantly changing loop
environment. EtherLoop has been successfully deployed by service providers in
the carrier, MDU/MTU, hospitality and international markets.
"EtherLoop2 technology will truly change the economics of providing broadband
services over the first mile," stated Guy Gill, CEO and President of Elastic
Networks. "With EtherLoop2's simplicity and efficiency of IP along with
bandwidth up to 100 Mbps, service providers will be able to deliver unlimited
applications over copper, enabling increased revenues and margins."
"EtherLoop2 promises to build on Elastic Network's established track record in
deploying EtherLoop products," said Matt Davis, Program Manager at the Yankee
Group. "EtherLoop2's dramatic increase in rate will create a cost-effective
high-speed transport alternative for service providers seeking to deliver
broadband applications over copper."
Broadband applications supported by EtherLoop include voice, data, IP-television
and video, voice over IP, video on demand, voice/data/video telecommuting and
tele-education. EtherLoop2 will also support HDTV, digital television,
interactive shopping, smart home, teleconferencing, telemedicine and numerous
other applications. Elastic Networks' products are marketed to carrier and
enterprise customers through both direct sales and a large network of partners.
"Elastic's success at clients like Verizon is proving that their innovative
approach is finding room in the marketplace," said Dave Burstein, editor of DSL
Prime.
Elastic Networks has filed patent applications for its industry-leading
EtherLoop2 technology. The company currently holds multiple patents for
EtherLoop, which provides high-speed first mile access at speeds up to 10 Mbps.
EtherLoop2 enabled prototypes are expected in spring 2002, with products
expected to ship in late fall 2002.
About Elastic Networks Inc.
Elastic Networks is a broadband leader in first-mile Ethernet access solutions,
deploying its patented EtherLoop technology across a variety of products and
high-speed multi-media applications. With the introduction of the Storm System
family of intelligent IP-over-Ethernet products, Elastic Networks has
successfully addressed the needs of the carrier, enterprise, MDU/MTU and
hospitality markets for high-speed first-mile access solutions that deliver top
quality service to end users while eliminating costly deployment and complicated
support issues for service providers. Additionally, Elastic Networks is building
strategic relationships with distributor, chip manufacturing and data networking
partners.
The company has offices in Alpharetta, GA, Toronto, and Hong Kong. For more
information about Elastic Networks and its patented EtherLoop technology and
products, visit www.elastic.com or contact Elastic's U.S. headquarters in
Alpharetta, Georgia at 678-297-3100. For investor information, e-mail our
Investor Relations group at irinfo@elastic.com, or call 678-297-3100.
Elastic 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
Anne Jarvis, 678-297-3064
ajarvis@elastic.com
or
Mary Taormina, 678-297-3078
mtaormina@elastic.com
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