Elastic Networks' EtherLoop Platform Selected by Verizon Avenue for
Broadband Services Deployment
ATLANTA, Jun 5, 2001 (BUSINESS WIRE) -- Elastic Networks (NASDAQ: ELAS)
announced today that Verizon Avenue, a subsidiary of Verizon Communications and
a leading provider of telecommunications and data services to multi-dwelling
units (MDUs), has selected EtherLoop(TM) technology as the enabling platform for
a nationwide rollout of high-speed broadband services.
Verizon Avenue plans to deploy Elastic Networks' Storm System(TM) Intelligent IP
over Ethernet products to multi-tenant dwellings in 31 states.
The Elastic Networks' Storm System(TM) of Intelligent IP-based solutions deliver
bi-directional bandwidth at speeds up to 6 Mbps over existing copper telephone
lines without the need for rewiring. Comprised of the BitStorm(TM) IP Access
Multiplexer, and the StormPort(TM) 620 Modem, 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, and other multi-media services for business and
consumers.
"We are very pleased that Verizon Avenue has selected EtherLoop as their
platform for IP multi-media services deployment in the multi-tenant broadband
services market," said Guy Gill, president and CEO of Elastic Networks. "Verizon
Avenue is visionary in next generation network deployment. By utilizing
EtherLoop Ethernet-based technology for their edge copper access deployment,
they are well positioned for a seamless Ethernet connection to optical Ethernet
metropolitan networks of the future as fiber deployment drives deeper and deeper
into the access network."
Elastic Networks solutions are deployed on thousands of lines worldwide. Based
on Ethernet, the most pervasive data networking protocol in the world, carriers
and service providers value the system's simple deployment, reliable
performance, and plug and play ease of use. As high-speed services become more
prevalent, telephone companies and service providers recognize the growing
importance of the Storm System's spectral compatibility - a unique capability
that allows the system to overcome the interference, or `crosstalk,' generated
by other services in a binder cable, such as T-1 or ADSL. The Storm System's
underlying EtherLoop technology senses interference in a binder, then adjusts to
avoid the interference. This enables service providers to successfully deploy
EtherLoop where conventional xDSL services fail and eliminates the need for
binder management.
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 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.
Anne Jarvis, 678-762-3964
ajarvis@elastic.com
or
Mary Taormina, 678-297-3078
mtaormina@elastic.com
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STOCK SYMBOLS: [(elas)] |
