Corvis Announces Formation Of Government Solutions Subsidiary
Forms Technical Advisory Board Comprised of Veteran Defense And Intelligence Experts; Secures First Contract and Purchase Order from the U.S. Government
Monday October 7, 8:03 am ET
COLUMBIA, Md., Oct. 7 /PRNewswire-FirstCall/ -- Corvis Corporation (Nasdaq: CORV - News), a leading provider of intelligent optical networking solutions, today announced that it has established a subsidiary, Corvis Government Solutions, Inc. (CGSI), to provide optical networking solutions and services to the Federal marketplace. Corvis also announced that CGSI has formed a Technical Advisory Board, comprised of defense and intelligence experts from the public and private sectors, and has made an initial sale to the U.S. Government for its next generation optical networking products. Details of the agreement were not disclosed.
"As the largest bandwidth user in the world, the U.S. Government represents an important and growing market for Corvis," said Kim D. Larsen, president of the Government Solutions subsidiary and senior vice president of business development at Corvis. "We plan to leverage the telecommunications systems expertise of our Technical Advisory Board members as we pursue this new business opportunity."
Members of the Corvis Government Solutions Technical Advisory Board include:
Art Money, the former Assistant Secretary of Defense, Command, Control, Communications and Intelligence (C3I) and chief information officer of the Department of Defense;
-- Dr. Tom Hartwick, a former executive of Hughes Aircraft Company and
TRW, with more than 40 years of R&D, technology transfer/insertion,
and mainstream government business experience supporting all segments
of the U. S. Government; and
-- Don Walker, Brigadier General, U.S. Air Force (RET), with 29 years of
experience in leading major Department of Defense and Intelligence
Community systems acquisitions.
"As members of the Technical Advisory Board, we look forward to working together to help support the U.S. Government's next-generation communications needs," said Mr. Money. "We believe Corvis will be an excellent partner for the U.S. Government as it plans to upgrade its telecommunications systems and deploy all-optical networks that meet its stringent security, reliability and cost requirements."
"Corvis' optical networking solutions and services are clearly a strategic fit for the infrastructure upgrades required by the U.S. Government's military and security initiatives," said Dr. Tom Hartwick. "Corvis' field proven optical networking solutions are a prime example of the best technology in the commercial sector being transferred to military applications."
Corvis Government Solutions, Inc. was launched earlier this year with the appointment of John R. McGowan to the position of vice president, Government Solutions. Mr. McGowan has held key senior management positions at AT&T Bell Laboratories, AT&T Defense Markets, Lucent Government Solutions and served as the founder and vice president of Qwest Government Systems. David Smith, Corvis vice president of engineering, is leading efforts to apply and adapt Corvis' networking solutions and optical networking technology to meet the needs of the U.S. Government. All members of the CGSI subsidiary have extensive experience spanning the intelligence, defense and civilian government agencies.
About Corvis
From point-to-point links to all-optical networks, Corvis Corporation delivers innovative optical network solutions that drive carrier profitability faster than any other vendor. Headquartered in Columbia, MD, Corvis provides carriers with scalable optical networking solutions and services that dramatically reduce the overall expenses associated with building and operating networks. Carriers deploying Corvis' optical network solutions can provision new wavelength-based services and tailor dynamic service-level agreements for rapid revenue generation. For more information about Corvis, please visit its Web site www.corvis.com.
Corvis and the Corvis logo are trademarks and/or service marks of the Corvis Corporation. All other trademarks are the property of their respective owners.
Note: This announcement contains certain forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially from those currently anticipated as a result of a number of factors, including, but not limited to, the risks and uncertainties discussed under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings with the Securities and Exchange Commission.
Corvis Contact: Corvis Contact:
Investor Relations Public Relations
Andrew G. Backman Kathryn Courbe
(443) 259-4600 (301) 310-3030
Fax: (301) 310-3134 Fax: (301) 310-3991
investorinformation@corvis.com pr@corvis.com
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Source: Corvis Corporation |
