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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: peggylynn who wrote (5492)	4/24/2000 4:56:00 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 14638

Nortel responds to Lucent-Terabeam deal by supporting AirFiber AirFiber Announces Agreement With Nortel Networks That Will Bring End-to-End High-Bandwidth Services to Buildings Around the World; Nortel Networks to OEM AirFiber's OptiMesh Network Equipment Updated 11:27 AM ET April 24, 2000 SAN DIEGO (BUSINESS WIRE) - AirFiber Inc., a telecommunications equipment supplier, Monday announced an agreement with Nortel Networks that will extend AirFiber's wireless optical networking products to Nortel Networks' customers around the world. Under the terms of the OEM agreement, Nortel Networks has the right to market AirFiber's OptiMesh(TM) products to customers worldwide. The OptiMesh products will provide networks solutions for carriers in offering end-to-end, high-bandwidth access from the backbone to the end user. AirFiber's OptiMesh network equipment is a carrier-grade, high-bandwidth (622 Mbps)communications system that allows providers to offer true broadband access at a fraction of the cost and time required to install fiber to buildings. Unveiled today after two years of development, the OptiMesh network is based on wireless optical networking technology, which has the ability to deliver high-bandwidth access over the air for voice, data and multimedia services. AirFiber's system is based on a highly redundant "mesh" or multiple point-to-point design that ensures carrier grade reliability. Anticipating dramatic growth in high-bandwidth demand from businesses and aggressive competition in the Local Exchange Carrier market, AirFiber designed a reliable network that allows carriers the ability to extend fiber-like access to buildings with significant cost and time savings over traditional fiber-optic transport. The network's short-link "mesh" architecture ensures carrier-grade reliability of 99.999% availability in even the most severe weather conditions. "OptiMesh will drastically increase the speed with which true high-bandwidth capabilities are delivered to buildings that don't have direct access to a fiber optic network," said Jim Dunn, CEO and president of AirFiber. "Now, through our alliance with Nortel Networks, world leader in optical networking, we expect more and more buildings around the globe to benefit from high-bandwidth connectivity." OptiMesh will appeal to customers that are looking for reliable ways to extend high-bandwidth access to buildings economically and quickly. The system will afford the ability to serve new market segments and to dramatically decrease the capital expenditure required to build out high-bandwidth networks. AirFiber and Nortel Networks have been working together for the past several months conducting interoperability tests between the OptiMesh products and Nortel Networks products. The companies are also conducting market trials of the OptiMesh network with customers in Asia, Europe and North America. About AirFiber San Diego-based AirFiber is a telecommunications equipment supplier of wireless optical networks that provide high-bandwidth access to urban buildings for voice, data and multimedia services. The company's flagship product, OptiMesh(TM), is a reliable, quickly deployed and cost-effective access solution for carriers worldwide. Founded in 1998, AirFiber is a privately held company. For more information, visit the Web site at www.airfiber.com. Nortel Networks is a trademark of Nortel Networks. Contact: AirFiber, Inc., San Diego Geoff Mordock, 858/613-9471 ext. 177 or 310/714-4509 E-mail: gmordock@airfiber.com or Porter Novelli Convergence Group Shannon Jenkins, 949/797-1143 E-mail: shannon.jenkins@pnicg.com news.excite.com