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Technology Stocks : Corvis (CORV) -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (321)	7/29/2003 8:53:13 PM
From: SemiBull	Read Replies (1) \| Respond to of 325

Corvis Invited to Participate in U.S. Government GIG-BE 'Bake Off' Tuesday July 29, 7:39 pm ET Testing of Optical Transport and All-Optical Switching Equipment Set to Begin COLUMBIA, Md., July 29 /PRNewswire-FirstCall/ -- Corvis Corporation (Nasdaq: CORV - News), a leading provider of intelligent optical networking solutions, today announced that it has been invited by SAIC to participate in the testing phase, "Bake Off," for the Optical Transport System portion of the U.S. Government's Defense Information Systems Agency's (DISA) $877 million Global Information Grid Bandwidth Expansion (GIG-BE) project. The GIG-BE project is a Department of Defense initiative, which involves the deployment of an all-optical network linking Department of Defense sites around the world using secure and dedicated links. The Optical Transport System portion includes both Ultra-Long Haul transport and integrated all-optical switching. GIG-BE will connect intelligence, command and operational locations with a secure high-bandwidth capability over a physically diverse, optically meshed network. "We believe that the Corvis optical networking solution is a strong technical and economic fit for the Optical Transport System requirements," said Dr. David Huber, chairman and CEO. "Since Corvis is still the only company that has ever constructed and deployed a commercial all-optical network, we believe that we are well-positioned to assist SAIC and DISA in the task of deploying this next-generation, all-optical, global network." Corvis plans to discuss this invitation and its overall business operations on its second quarter investor conference call scheduled for Thursday, July 31, 2003. The conference call will begin at 5:30pm and will last approximately 45 minutes. The conference call will be available on the company's website at www.corvis.com. About Corvis From point-to-point links to all-optical networks to transoceanic systems, Corvis Corporation delivers innovative optical network solutions that deliver the lowest total cost of ownership in the industry. Headquartered in Columbia, MD, Corvis provides service providers and government agencies worldwide with scalable optical networking solutions and services that dramatically reduce the overall expenses associated with building and operating networks. Customers deploying Corvis' optical network solutions can quickly provision new wavelength-based services and tailor dynamic service-level agreements. Corvis is also the majority investor in C III Communications, which recently acquired most of the assets of Broadwing Communications. Broadwing is a communications services company based in Austin, TX. For more information about Corvis, please visit its Web site www.corvis.com. Corvis and the Corvis logo are trademarks and/or service marks of the Corvis Corporation. All other trademarks are the property of their respective owners. Corvis Contact: Andrew G. Backman Vice President Investor and Public Relations (443) 259-4259 Fax: (443) 259-4427 investorinformation@corvis.com Source: Corvis Corporation