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EXTR : EXTREME NETWORKS (NASDAQ)
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Universe2U and Extreme Networks Team to Create High-Performance Ethernet Networks
RICHMOND HILL, Ontario, Nov 1, 2001 /PRNewswire via COMTEX/ -- Furthering its mission to deliver the most effective applications infrastructure to users, Extreme Networks, Inc. (Nasdaq: EXTR chart, msgs), and Universe2U Inc. (OTC Bulletin Board: UTOU chart, msgs), are working together to help customers reap the benefits of Gigabit Ethernet networks that are faster, simpler and provide an improved return on investment.
Extreme Networks' best-of-breed Ethernet switching is enhanced with Universe2U's turnkey network design capabilities, installation services, and equipment financing programs with a focus on markets including public and private educational institutions, local governments, residential communities and commercial businesses. Extreme Networks and Universe2U provide high-performance solutions resulting in faster network connections for improved communications.
"Building and connecting broadband Ethernet networks benefits the well-being of communities and businesses by providing a better communications platform for the way people live, learn and communicate," said Paul De Zan, vice president of corporate marketing for Extreme Networks. "We are working closely with Universe2U to target markets where we can deliver improved network capabilities and services that are simple and cost effective."
The collaboration between the companies is built upon Universe2U's vision of SmartCommunities and Extreme Networks' aim to deliver Ethernet Everywhere(R) networks, where increased scalability, functionality and simplicity combine to create a more satisfying experience for users.
"We are working with networking leader Extreme Networks to gain its leading network solutions, with switching solutions providing the best applications infrastructure for the communities we serve," said Kim Allen, CEO of Universe2U. "We believe we can deploy higher bandwidth much more cost effectively with the Extreme Networks' Ethernet solutions."
Universe2U Inc.
Universe2U Inc. specializes in the development SmartNetworks, the development of advanced fiber-optic and broadband applications and is committed to fulfilling the demands for multiple and complex installations across the continent. For more information, visit universe2u.com.
Extreme Networks, Inc.
Extreme Networks, Inc., delivers the most effective applications infrastructure by creating networks that are faster, simpler and more cost-effective. Headquartered in Santa Clara, Calif., Extreme Networks markets its network switching solutions in more than 50 countries. For more information, visit extremenetworks.com .
Extreme Networks and Ethernet Everywhere are registered trademarks of Extreme Networks, Inc. in the United States and other countries.
This announcement contains forward-looking statements that involve risks and uncertainties, including statements about future events or trends. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including, but not limited to: (i) our rapid growth and potential risks associated with this growth, and a limited operating history and limited history of profitability that make it more difficult to predict results; (ii) current economic trends in worldwide geographic markets; and (iii) a highly competitive business environment for network switching equipment. More information about potential factors that could affect Extreme Network's business and financial results is included in Extreme Network's Annual Report on Form 10-K for the year ended July 1, 2001, including, without limitation, under the captions: "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Risk Factors," which are on file with the Securities and Exchange Commission (SEC) (http://www.sec.gov). Readers are also directed to the Universe2U's filings with the SEC for additional information and a presentation of the risks and uncertainties that may affect the Universe2U's business and results of operations. Forward-looking statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "believe," "intends," "estimates," "expect," and similar expressions. |
