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Technology Stocks : Accelerated Networks, Inc. (ACCL) -- Ignore unavailable to you. Want to Upgrade?

To: mact who wrote (59)	8/28/2000 11:29:56 AM
From: mact	Respond to of 74

on the move again! CTC Communications Signs Follow-On Deal for More Than $10 Million of Accelerated Networks Equipment MOORPARK, Calif. & Waltham, Mass.--(BUSINESS WIRE)--Aug. 28, 2000- Delivery of 75,000 Additional Voice Ports Scales CTC's Multiservice Broadband Access Network to New Heights Accelerated Networks (Nasdaq:ACCL) today announced that one of its largest customers, CTC Communications (Nasdaq:CPTL), has signed a follow-on agreement totaling more than $10 million for delivery of additional multiservice broadband access equipment over the next three quarters. CTC will take delivery of voice services gateways with the capacity to support more than 75,000 voice ports, which will significantly increase the capacity of CTC's packet-based multiservice broadband access network. Delivery of the additional equipment is scheduled to be completed between now and the first quarter of 2001. The deployment of these gateways will be in addition to those already deployed by CTC. CTC will also continue to roll out Accelerated's award-winning AN-30 integrated access devices (IADs) and the recently announced AN-32, which is capable of supporting up to 48 voice channels using inverse multiplexing over ATM (IMA). Both IADs provide for the delivery of integrated voice and data services to CTC's medium-to-large-sized business customers. "We have been working closely with Accelerated Networks for over a year now," said Frederic Kunzi, chief technology officer at CTC, "because we share a vision for how one packet-based network carrying both voice and data offers cost savings and simplifies service delivery, while still giving business customers the quality and types of services they demand." "CTC has been an excellent partner," said Suresh Nihalani, president and chief executive officer of Accelerated Networks. "We are enthusiastic about their continued growth using our standards-based voice gateways and IADs. We believe that CTC today has the largest deployed packet-based multiservice broadband access network in the nation, and the additional build-out will help keep them out in front." To date, CTC has turned on multiservice delivery to more than 1,000 end-user customers in the Northeastern portion of the United States and, with the new orders, will expand their footprint into the mid-Atlantic states. About CTC Communications CTC is a rapidly growing, next-generation communications provider with a packet-based network that allows it to converge voice, data, Internet and video services. Today, the company serves medium and larger business customers from Washington D.C. to Maine, which includes the most robust telecommunications region in the world -- the Washington D.C.-to-Boston corridor. Designated by Bloomberg Personal Finance Magazine as one of the top "100 fastest-growing U.S. technology companies," CTC was serving more than 13,000 customers with more than 361,000 access lines as of June 30, 2000. The company's Cisco Powered IP+ATM packet network, its 36 branch sales offices and its 450 member sales and service teams provide contiguous marketing and technology coverage throughout the Northeast and mid-Atlantic states. The company, through its dedicated commitment to exceptional customer service, has achieved an industry-leading market share and an industry-leading line retention rate in excess of 99 percent. CTC can be found on the World Wide Web at www.ctcnet.com. About Accelerated Networks Accelerated Networks develops and markets multiservice broadband access products that enable telecommunications service providers to bundle voice and data services over a single broadband access network. These products are designed to allow service providers to efficiently and cost-effectively deliver and manage multiple voice and data services using DSL, T1, NxT1 or DS3 technologies. Accelerated's products also allow service providers to leverage emerging technologies such as voice over DSL (VoDSL) and frame relay over DSL (FRoDSL) over a single broadband access network. Accelerated Networks offers all three components of a complete multiservice broadband access solution: NEBS-compliant regional POP voice gateways and central office concentrators, and customer premises carrier-class integrated access devices (IADs). For additional information, visit www.acceleratednetworks.com.