Friday October 17 11:13 AM EDT
Company Press Release
Yurie Systems and Bay Networks Announce Alliance
LANDOVER, Md. Oct. 17 /PRNewswire/ -- Yurie Systems, Inc. (Nasdaq:YURI) announced
today the signing of a three-year agreement with networking giant Bay Networks, Inc.
(NYSE:BAY). The agreement allows Bay Networks to leverage Yurie's ATM access
concentrators and ATM service access multiplexers with its own products. Through the alliance,
Bay gains access to products which allow customers to consolidate various types of applications
(voice, video, data) onto a single lower cost ATM facility. Yurie gains an important sales and
marketing channel.
''Yurie's products have many things to offer our enterprise and service provider customers to ease
their migration to ATM,'' said Lloyd Carney, Vice President of Enterprise Products for Bay
Networks. ''We found Yurie's adaptive queue management and traffic shaping functions and their
approach handling bursty LAN traffic to be much better than the other products we've seen, and the
company's traffic management schemes align with our Adaptive Networking strategy.''
''We are extremely pleased with Bay Networks' endorsement of our technology,'' said Harry Carr,
Yurie Systems' President and Chief Operating Officer. ''The agreement also underscores Yurie's
continued execution of its commercial market expansion strategy. Bay's position as the market share
leader in ATM LAN products teamed with Yurie's market share leadership in the ATM access
market gives customers the ''best of both worlds'' in delivering the benefits of ATM to the premise.''
Based in Landover, Maryland, Yurie Systems, Inc. designs, manufactures, markets, and services
ATM WAN networking equipment for telecommunications service providers and corporate and
government end users. Yurie's flagship product, the LDR200, won Data Communications
magazine's Hot Product Award for WAN gear. The company completed its initial public offering in
February, and in May Business Week magazine named Yurie America's #1 Hot Growth Company.
The Vertical Systems Group recently identified Yurie as the market share leader in the ATM WAN
access market for 1997. For more information on Yurie Systems, call (301) 352-4600 or visit the
company's Web site at yurie.com.
Bay Networks (NYSE:BAY) is a leader in the world wide networking market, providing products
that serve corporate enterprises, service providers and telecommunications carriers. The company
offers frame and ATM switches, routers, shared media, remote and Internet access solutions, IP
services and network management applications. With headquarters in Santa Clara, California, Bay
Networks markets its products and services around the world. For additional information, visit the
company's Web site at baynetworks.com or call 800-8-BAYNET.
This release may contain forward-looking statements regarding Yurie Systems' business, customer
prospects or other factors that may affect future earnings or financial results. Such statements
involve risks and uncertainties which could cause actual results to vary materially from those
expressed in or indicated by the forward-looking statements, and should be understood in light of
the risk factors detailed in Yurie's recent prospectus, 10-K and 10-Q filings. SOURCE Yurie
Systems, Inc. |
