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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?


To: KLH who wrote (1007)5/23/2000 9:03:00 AM
From: Ellen  Respond to of 1983
 
Metromedia Fiber Network Deploys Largest and Most Advanced Continuous Power
Supply System in North America

NEW YORK, May 23, 2000 (BUSINESS WIRE) --

MFN's Customers Benefit from Maximum Power Reliability,
Reinforcing Network Availability and Performance

Metromedia Fiber Network, Inc.'s (MFN) (Nasdaq: MFNX) subsidiary AboveNet
Communications, Inc. continues to set the pace as an Internet technology leader
by deploying the largest installation of advanced continuous power supply (CPS)
systems in North America throughout the company's Internet Service Exchange
(ISX) data centers. The installation of these state-of-the-art CPS systems
reflect MFN's commitment to provide the most robust and reliable network
environment for its customers.

MFN first deployed the CPS system at its second Virginia ISX facility in Q1 of
this year. The company's new San Jose II facility is equipped with multiple CPS
units and has been engineered to provide N+2 redundancy. As part of Metromedia
Fiber Network's $1.4 billion infrastructure expansion, all MFN ISX facilities
will be designed around the CPS system, including the first-ever CPS
installation in the greater New York City area.

"After an extensive evaluation, we concluded that the CPS system is the superior
solution to our mission-critical power needs," said Jeff Monroe, vice president
of real estate, design & construction for MFN. "The best network connection
available demands nothing less than the best power system available. By
deploying the CPS, we solidify our commitment to our customers and set a new
industry standard which others are sure to follow."

The unique, sophisticated design of the CPS uses no batteries and delivers power
through a combination of active on-line generators, flywheels, motor generators,
and diesel engines. The system is easy to maintain and seamlessly reliable. In
the event of a utility outage, the load is maintained via the inertial energy
contained within the flywheel. Concurrently the diesel generator is activated
and engaged to assume support of the critical and essential power loads. This
process takes place in less than two seconds. The system can deliver a minimum
of 40 hours of full-load backup power from the basic fuel capacity that is
stored on site. To ensure additional fuel in the event of a major emergency, MFN
has contracts with multiple fuel vendors.

MFN's ISX facilities are an integral part of its planned deployment of an
all-optical IP architecture over a dedicated fiber-optic network that reaches
throughout the local loop in 67 cities in North America and Europe. This
expansive network will provide MFN customers with exceptionally fast and
reliable connectivity to the Internet. The network will reach up to
multi-terabit-per-second capacity and when combined with MFN's world-class
co-location facilities, will provide an ideal IP infrastructure for a variety of
Internet focused companies.

About Metromedia Fiber Network, Inc.

Metromedia Fiber Network, Inc., the leading provider of end-to-end optical
network solutions, is revolutionizing the fiber optic industry. By offering
virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber
Network is eliminating the bandwidth barrier and redefining the way broadband
capacity is sold. Metromedia Fiber Network is extending metropolitan fiber optic
infrastructure to the end user in strategic top-tier markets, enabling its
customers to implement the latest data, video, Internet and multimedia
applications. In addition to its current expansion in 51 cities in North
America, Metromedia Fiber Network is establishing an international presence with
planned fiber optic network builds in 16 cities throughout Europe. For more
information about Metromedia Fiber Network, please visit the company's Web site
at www.mmfn.com.

Together with its subsidiaries, AboveNet Communications, Inc., a leading
provider of Internet connectivity and co-location solutions for high bandwidth
and business-critical applications and Paix.net, Inc., the leading neutral
Internet Exchange, Metromedia Fiber Network is unleashing the full potential of
the Internet. The combined company facilitates the explosive growth of
e-commerce and advanced Internet applications by delivering secure, reliable and
scalable optical networks and IP services to Internet content and service
providers, carriers and enterprise users worldwide. AboveNet is the architect of
the Internet Service Exchange (ISX) -- a world class network that provides
co-location services and Internet connectivity for content providers, ISPs and
application service providers. With its Tier 1 status and ISO 9002
certification, AboveNet is seeking to serve the global community of the
Internet. For more information on AboveNet's service offering call 800/475-2733
or visit the company's Web site at www.above.net.

AboveNet, Internet Service Exchange, ISX, and AboveNet Global One-Hop Network
are trademarks of AboveNet Communications, Inc. All other company or brand names
may be trademarks of the respective companies with which they are associated.

This news release contains certain forward-looking statements that involve risks
and uncertainties. Factors that could cause or contribute to such risks and
uncertainties include, but are not limited to, general economic and business
conditions, competition, changes in technology and methods of marketing, and
various other factors beyond the Company's control. This also includes such
factors as described from time to time in the SEC filings by Metromedia Fiber
Network, including the most recently filed Forms S-3, 10-K and 10-Q

CONTACT: Neale-May & Partners
Nicholas Walsh, 650/328-5555 x120
Nwalsh@nealemay.com
or
Metromedia Fiber Network
Carol Nash, 408/350-6574
Cnash@above.net
or
Kara Carbone, 914/683-6386
Kcarbone@mmfn.com

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