EXTREME NETWORKS INC - World's Fastest Ethernet Metro Networks Powered by Extreme Networks
(COMTEX) B:
New York, New York, Oct. 19, 2000 (Market News Publishing via COMTEX) -- The
world's first operational 10 Gigabit Ethernet metro networks are built on
Extreme Networks, Inc. broadband networking solutions. Providing customers with
unprecedented speed for Internet access, these new 10 Gigabit Ethernet metro
networks reveal a breakthrough in networking and fulfill Extreme Networks'
vision of "Ethernet Everywhere."
Faster speeds have enabled Ethernet to gain wide acceptance as a viable
technology for the emerging metro, service provider and multi-tenant building
markets. The two new 10 Gigabit Ethernet metro networks managed by IntelliSpace,
which launched the first 10 Gigabit Ethernet metro this summer, and Yipes,
validate how this technology allows for next generation networks that run at
speeds previously only available with costly SONET -- the technology
traditionally used in metro networks. Ten (10) Gigabit Ethernet networks provide
users with the infrastructure needed to leverage the Internet and the increasing
number of bandwidth intensive applications that are being introduced daily.
"With Ethernet at optical speeds, organizations are for the fist time able to
offer customers unprecedented throughput to the Internet at costs attractive to
local businesses," said Marc Josephson, CEO of Intellispace, the first and
leading provider of 10 Gigabit Ethernet metro networks. "Extreme Networks is at
the forefront by executing its vision and providing reliable products to truly
deliver Ethernet technology to cities where businesses are eager to reap the
benefits."
"The demand for faster networks grows daily and by using Extreme Networks' 10
Gigabit Ethernet switching solutions we will be able to meet customer needs and
super charge their applications," said Jerry Parrick, CEO of Yipes. "Without
scalable Ethernet we wouldn't be able to deliver the speed and service value for
which Yipes is so widely known."
"Ethernet Everywhere" Extreme Networks was founded back in 1996 to reduce the
complexity in networking and to increase performance with Ethernet. The
Company's family of broadband switching solutions addresses the challenge of
exploding bandwidth requirements generated by the growing use of the Internet,
intranets and extranets. Extreme Networks' metro switching solutions offer
tiered IP services and flexible bandwidth provisioning, enabling Service
Providers to turn-up services incrementally and allow customers to purchase only
the bandwidth they need when they need it.
"Our increased customer base signals the growing acceptance of scalable Ethernet
in metro, regional and large enterprises networks," said Gordon Stitt, president
and CEO of Extreme Networks. "Intellispace's and Yipes' new 10 Gigabit Ethernet
networks are proof that the networking infrastructure for the Internet age will
be built with Ethernet."
Extreme Networks provides an integrated WDMi module that directly interfaces
with the fiber backbone enabling wire-speed switching. 10 Gigabit Ethernet
speeds are available from the core of the datacenters to the customer's back
office, optimized for IP applications and storage area networking.
IntelliSpace Ethernet Metro Networks IntelliSpace is the pioneer of commercial
in-building, Ethernet based Internet access and advanced data solutions. The
company provides tenants of its wired buildings with unequaled bandwidth (64K to
10G), guaranteed reliability and unmatched customer service (2 to 5 day install,
with 24/7 support). IntelliSpace's unique eValve capability allows the company
to instantly upgrade its customers, enabling them to satisfy their bandwidth
needs via fiber-based Metropolitan Area Networks. With the help of its strategic
allies, Metromedia Fiber Network, Global Crossing, Extreme Networks, and
Cabletron, IntelliSpace has wired more than 85 million square feet of commercial
real estate in major metropolitan markets around the country. Markets include
New York, Chicago, San Francisco, Boston, Philadelphia, Baltimore, Washington
D.C., Stamford, San Diego and New Jersey. For more information on IntelliSpace,
visit www.intellispace.net.
Yipes' Ethernet Metro Networks Yipes is the defining provider of a new class of
managed optical IP networks. Yipes leverages the elegance of native Ethernet
technology to provide Just-In-Time Bandwidth(SM) that is smoothly and quickly
scalable from 1 Mbps to 1 Gbps (in 1 Mbps increments), enabling the next
generation of Internet services. Yipes' networks typically provide bandwidth at
less than half the price of traditional data communications services. Yipes'
services, currently available in 15 cities coast-to-coast, include Yipes MAN
(metro area networking service), Yipes WAN (wide area networking service) and
Yipes NET (high-speed Internet access). Yipes is building the first
Application-Aware Network(SM), which will empower customers to manage bandwidth
and quality of service on a real-time, application-specific basis. In its first
two rounds of funding, Yipes received $91 million from Norwest Venture Partners,
New Enterprise Associates (NEA), The Sprout Group/DLJ, Soros Private Equity
Partners, Chase Capital Partners, BancBoston Ventures/Robertson Stephens,
NewSpeed Capital and strategic investors including Extreme Networks and Intel
Capital. The company is headquartered in San Francisco. For more information,
visit www.yipes.com.
About Extreme Networks Extreme Networks is a leading provider of
high-performance, broadband networking solutions designed for the Internet
economy. The Company's family of Summit(R), Alpine and BlackDiamond(R) switching
solutions are built on a unique combination of ExtremeWare(TM) management
software and an ASIC-based common architecture that enable service providers,
e-businesses and enterprises to expand their businesses and be more competitive
by speeding traffic through a simplified, super scalable network infrastructure.
Headquartered in Santa Clara, Calif., Extreme Networks sells its award-winning
switching solutions in more than 50 countries through authorized resellers. The
Company was listed as the "Fastest Growing Company in Silicon Valley" based on
three-year revenue growth by The Silicon Valley Business Journal. For more
information, visit www.extremenetworks.com.
This press release may contain forward-looking statements relating to future
events and future product development that involve risks and uncertainties.
These statements are only predictions and actual results could differ materially
from those anticipated in these statements based upon a number of factors
including future sales, technical development, product introduction by Extreme
Networks and by competitors. These and other risks relating to Extreme Network's
business are set forth in Extreme's filings with the SEC, specifically the most
recent report on Form 10-K, and the other reports filed from time to time with
the SEC.
NOTE: Extreme Networks, BlackDiamond and Summit are registered trademarks of
Extreme Networks, Inc. Alpine and ExtremeWare are trademarks of Extreme
Networks, Inc.
/Web site: yipes.com
/Web site: intellispace.net
/Web site: extremenetworks.com
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TEL: 408-579-3483 Greg Cross of Extreme Networks Public Relations
E-mail: gcross@extremenetworks.com
TEL: 650-322-6668 Matt Podboy of Voce Communications
for Extreme Networks, Inc.
E-mail: mpodboy@vocecommunicaitons.com
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