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Technology Stocks : Tellium -- Ignore unavailable to you. Want to Upgrade?

To: James Fulop who wrote (30)	9/20/2000 9:09:00 AM
From: James Fulop	Read Replies (2) \| Respond to of 55

Qwest Communications and Tellium Form Multimillion Dollar Strategic Relationship for Optical Switching DENVER and OCEANPORT, N.J., Sept. 20 /PRNewswire/ -- Qwest Communications International Inc. (NYSE: Q - news), the broadband Internet communications company, and Tellium, Inc., the world's first provider of intelligent optical switching solutions, today announced a multimillion dollar, multiyear strategic agreement that will support Qwest's deployment of a next-generation all optical broadband Internet network. Under the agreement, Qwest has agreed to purchase Tellium's optical switching equipment. Tellium's core optical switches will be deployed as part of Qwest's all-optical network initiative, which exploits the latest in optical technology to significantly reduce operating costs and to provide customers with unprecedented capacity at a lower cost. This equipment will result in greater capital efficiencies for Qwest and is part of Qwest's previously announced capital expenditure projections for 2001. Qwest will be using Tellium's Aurora Optical Switch(TM), a high-capacity, scalable optical switch that will deliver 1.28 terabits of capacity with interfaces that scale from Optical Carrier (OC)-48 up to OC-768. Tellium expects to begin shipping the Aurora Optical Switch, coupled with its StarNet Operating System(TM) and Wavelength Management System(TM), to Qwest in the first quarter of 2001. Qwest also plans to evaluate additional Tellium equipment, including its third-generation platform, the Aurora Full-Spectrum(TM) switch, which is currently in development. The Aurora Full-Spectrum switch will provide customers with a migration path from Tellium's current family of Aurora intelligent optical switches, combining all-optical bypass switching with electronic control and processing to enable carriers to scale in port count, bit rate per port, and raw capacity. ``We believe Tellium is a partner that can keep up with Qwest's leading-edge optical network,'' said Mike Perusse, Qwest's senior vice president of engineering and technology. ``By integrating Tellium's core switching platform into Qwest's global broadband Internet network, we gain network efficiencies and additional resources to provide broadband Internet applications and services with greater performance and reliability.'' Qwest chose Tellium based on the port-density and high-level of scalability of Tellium's optical networking products. Qwest also received certain rights to purchase an ownership position in Tellium. ``This win gives Tellium great momentum,'' said Dr. John Ryan, chief analyst at telecommunications analysis firm RHK Inc. ``This is the company's second major customer win announced in the past two weeks. Tellium is carving out a strong position for its core optical switching products, as service providers get ready to meet the network demands of the decade of traffic growth ahead.'' ``This is a great victory for Tellium. Qwest was in the market for a scalable core optical switching product able to deliver the high-speed, high-reliability and high scalability requirements of its leading edge global optical network,'' said Harry Carr, Tellium's chairman and chief executive officer. ``We are gratified that Qwest determined that Tellium is a company able to meet their demanding criteria. We are very proud to be associated with such a leader.'' Supporting 512 OC-48 connections in its initial configuration and at 1.28 terabits per second (Tb/s) capacity, the Aurora Optical Switch today is at least twice the capacity of the nearest competitor while occupying significantly less floorspace. Moreover, it utilizes field-proven software from Tellium's first-to-market and first-in service optical switch, the Aurora/32. biz.yahoo.com