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Microcap & Penny Stocks : ESEX-ESSEX CORP OTC BB

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To: GARY P GROBBEL who started this subject9/30/2002 11:56:23 AM
From: sheetmillgalvanize   of 257
 
Press Release Source: Essex Corporation

Telcordia Uses 6.25 GHz Essex Hyperfine WDM to Build Inexpensive Multi-Line Laser Subsystem
Telcordia Scientists Proposed This Inexpensive Overlay Architecture To Commercial Organizations at the Recent National Fiber Optic Engineers Conference (NFOEC)

Monday September 30, 9:15 am ET

COLUMBIA, Md., Sept. 30 /PRNewswire-FirstCall/ -- Essex Corporation (OTC Bulletin Board: ESEX - News), the leader in Ultra-dense Wavelength Division Multiplexing (UWDM), today announced that Telcordia Technologies is using an Essex 6.25 GHz hyperfine WDM device to complement their multi-wavelength laser technology envisioned to enhance the spectral efficiency of existing metropolitan and enterprise optical networks. According to industry analysts, Essex is the first and only company selling sub-25 GHz WDM muxes/demuxes and multiport interleaving devices.
Shahab Etemad, Chief Scientist and Director at Telcordia Technologies Broadband Networking Technologies Division in Red Bank, NJ, stated during a presentation at the recent NFOEC 2002 in Dallas, "For highly granular and efficient Ultra-dense WDM networks, the Essex hyperfine WDM device allows us to demultiplex with minimal insertion loss the narrowly-spaced wavelengths from our single mode locked laser source, in effect replacing 16 fixed lasers with one source." He continued, "This technology will help carriers and enterprises alike to build less expensive metropolitan and local area optical networks using existing infrastructure, while enabling advanced architectures with features like wavelength grooming." A copy of this presentation is available for download in the white paper section of the Essex website.

"Having Telcordia, an optical networking industry leader, use our technology is a significant milestone in the recognition of hyperfine WDM as the product of choice for Ultra-dense WDM," asserted Len Moodispaw, Essex President and CEO. "Industry reaction from NFOEC shows us that there is a building momentum for 25, 12.5, and even 6.25 GHz channel spaced products. Hyperfine WDM excels both in cost and technical performance over existing Ultra-dense WDM technologies at these narrow channel spacings."

About Essex Corporation

Founded in 1969 with headquarters in Columbia, MD, Essex is an experienced and respected optical and communications engineering company that designs and builds creative solutions to complex problems for commercial telecommunications and national defense organizations. Hyperfine WDM is a new fiber optic multiplexing technology that maximizes the bandwidth distribution capability of a fiber optic network using narrow channel spacings. Hyperfine WDM also enables next-generation optical spectrum analyzers that continuously monitor multiple narrowband channels. For more information contact Essex Corporation, 9150 Guilford Road, Columbia MD 21046; Phone 301.939.7000; Fax 301.953.7880; E-mail info@essexcorp.com, or on the Web at essexcorp.com.

About Telcordia Technologies

The company, now known as Telcordia Technologies, was created during the divestiture of the Bell System in 1984 to serve the Bell operating companies by providing a center for technological expertise and innovation. Telcordia's work has shaped the telecommunications industry, setting standards for performance and quality unmatched in the industry. Eighty percent of the U.S. telecommunications network depends on software invented, developed, implemented, or maintained by the organization. Telcordia holds hundreds of patents, including key patents for broadband data communications technologies like ADSL, AIN, ATM, ISDN, Frame Relay, SMDS, SONET, and video-on-demand.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company's actual results could differ materially from those discussed in or implied by such forward-looking statements. Factors that might cause such differences include but are not limited to the ability of Essex Corporation to raise necessary development funds, enter into strategic relationships with key industry participants, develop and build optoelectronics devices and protect and defend its intellectual property, and changes in technology, technical obsolescence, changes in customer needs, new product developments, competitive factors in the industry and uncertainty of market acceptance.

CONTACT: Leonard Moodispaw
Essex Corporation
President and CEO
301.939.7000

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Source: Essex Corporation

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