CIENA's CoreDirector Awarded Network Magazine Product of the Year
LINTHICUM, Md.--(BUSINESS WIRE)--May 9, 2001--CIENA Corporation (NASDAQ: CIEN - news), a global leader in intelligent optical networking systems and software, today announced that its MultiWave CoreDirector(TM) has been awarded Network Magazine's ``Product of the Year'' award in the Internet Core Device category.
CIENA will accept the award today in conjunction with NetWorld+Interop 2001 in Las Vegas.
CoreDirector is the market's leading intelligent optical core switching system that provides the high-bandwidth switching, protection and provisioning capabilities for next-generation optical networking.
With built-in networking intelligence, CoreDirector uses advanced software designed to enable service providers to quickly create and deliver differentiable, dynamic new optical services at any time, any size and any priority.
With density up to 640 Gbps/bay, scalability to OC-768, and granularity to STS-1, CoreDirector enables carriers to design new, highly customized services while eliminating the need for additional legacy SONET/SDH add/drop multiplexers, digital cross-connects, and optical cross-connects.
Recent studies show that CoreDirector is a cost-effective network solution (providing capital expense savings, operational expense savings and revenue enhancements) and that in the first year alone CoreDirector could provide economic benefits of more than three times the initial capital investment relative to legacy networking solutions.(a)
``CIENA's suite of intelligent optical switching systems allows fast edge-to-core service provisioning across the network for next-generation applications,'' said Dan Klausmeier, chief technology officer of CIENA's Core Switching Division.
``We're pleased to receive this award on behalf of so many committed employees throughout CIENA who have dedicated themselves to bringing this outstanding product to market.
``We particularly would like to acknowledge our customers who have partnered with us to simplify the network core, to eliminate unnecessary network costs, and to enable new revenue services previously not possible with older legacy architectures.''
Network Magazine's editors, with help from the analyst, vendor and user communities, select winners based on several criteria. The winning products display significant new capabilities ahead of their competitors; represent breakthroughs in performance and price; and solve problems that affect a wide cross section of the magazine's readers.
A winning product must have been available for deployment in the year 2000, and had to be the most significant product in its category.
(a) Source: McKinsey & Company Economic Value Analysis Model.
ABOUT CIENA
CIENA Corporation's market-leading optical networking systems form the core for the new era of networks and services worldwide. CIENA's LightWorks(TM) architecture enables next-generation optical services and changes the fundamental economics of service-provider networks by simplifying the network and reducing the cost to operate it. Additional information about CIENA can be found at www.ciena.com.
NOTE TO INVESTORS
This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions of CIENA (the Company) that involve risks and uncertainties.
Forward-looking statements in this release, including, but not limited to, CoreDirector's ability to provide the high-bandwidth switching, protection and provisioning capabilities for next-generation optical networking, CoreDirector's ability to use advanced software to enable service providers to quickly create and deliver differentiable, dynamic new optical services at any time, any size and any priority, CoreDirector's ability to enable carriers to design new, highly customized services while eliminating the need for additional legacy SONET/SDH add/drop multiplexers, digital cross-connects and optical cross-connects, and the cost savings, deployment timing and network management benefits of the Company's products, are based on information available to the Company as of the date hereof.
The Company's actual results could differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with the Company's business, which include the risk factors disclosed in the Company's Report on Form 10-Q filed with the Securities and Exchange Commission on February 15, 2001.
Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as ``anticipate,'' ``believe,'' ``could,'' ``estimate,'' ``expect,'' ``intend,'' ``may,'' ``should,'' ``will,'' and ``would'' or similar words.
The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
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Contact:
CIENA Corporation
Press Contacts:
Denny Bilter or Aaron Graham
877/857-7377
email: pr@ciena.com
or
Investor Contacts:
Suzanne DuLong or Jessica Towns
888/243-6223
email: ir@ciena.com
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