ERICSSON AND THE NEW YORK CITY INVESTMENT FUND
OPEN ERICSSON'S CYBERLAB IN SILICON ALLEY
Ericsson's CyberLab, a new world-class Internet R&D facility located
in the heart of New York's Silicon Alley, was inaugurated today at a
grand opening at the facility located in the New York Technology
Center at 55 Broad Street.
CyberLab is a collaborative effort between Ericsson, a global leader
in telecommunications committed to research and development, and the
New York City Investment Fund, an organization supported by more
than 60 New York-based companies. CyberLab in Silicon Alley will
provide a state-of-the-art environment for developing and
prototyping software and applications that will help build the next
generation of communication and commerce on the Internet.
Hosting the event were Sven-Christer Nilsson, the recently appointed
President and CEO of Ericsson; Henry Kravis, the Chairman of the New
York City Investment Fund; Bo Hedfors, the President of Ericsson
Inc.; William Rudin, Owner/Developer of the Technology Center and
Donna Campbell, the Director of Ericsson's CyberLab in Silicon
Alley.
"Ericsson is committed to research and development and CyberLab in
Silicon Alley is a logical extension of these programs," said
Sven-Christer Nilsson, President and CEO of Ericsson. "Our annual
investments in technical development in recent years have amounted
to 15 to 20 percent of our global sales. This new research facility
represents Ericsson's commitment to the Internet and
Internet-related industries in New York City."
"We are pleased to have played a part in securing CyberLab for New
York," said Henry R. Kravis, Chairman of the New York City
Investment Fund. "Ericsson's research and development commitment to
New York City will help generate innovative new business
opportunities for the city's flourishing Internet industry."
"Our goal is to create an environment that fosters successful
collaboration between Ericsson's global technology team and the
innovators of Silicon Alley," said Donna Campbell, Director of
Ericsson's CyberLab in Silicon Alley.
CyberLab in Silicon Alley will provide the following services:
- A 5,000 square foot facility located in the New York Technology
Center
- On-site and virtual access to Ericsson technology specialists
in network design and integration, multimedia production and
distribution, wireless technologies and terminals, and Internet
and data communications
- Flexible, collaborative development and networking environment
which can be quickly reconfigured to accommodate multiple project
requirements
- Audio and video digital production capabilities
- Versatile cabling system configuration enabling set-up of
various network simulations and test bed implementation
- State of the art network capabilities, ATM, frame-relay,
gigabit Ethernet, multi-point video and audio distribution, and
high-speed (T3 and T1) Internet connection
- Satellite feeds via Ku- and C-band satellite receivers and
tracking systems on site
- Top selection of hardware and software prototyping tools from
leading providers
- Access and business development support with regards to key
Ericsson business units in Internet technologies, data and voice
communications, wireless, and network systems and international
telecommunications, IP, and enterprise clients
- Strategic Alliances that provide access to current leading
edge technology companies
Ericsson opened its first CyberLab last year in the heart of
California's Silicon Valley. The facility focused on the development
of hardware and software required for Internet infrastructure. Now,
CyberLab in Silicon Alley brings Ericsson's advanced wired and
mobile network telecommunications expertise and its global marketing
and distribution strength to New York City. The Lab offers a virtual
bridge to the West Coast facility, and will create a collaborative
environment that will help leverage the talents and intellectual
capital of New York's Internet-related industries.
CyberLab has an Advisory Board with representatives from the New
York City Investment Fund, including Clifford Friedman (Senior
Managing Director, Bear Sterns Constellation Ventures Management);
Edward Horowitz (Executive Vice President, Citicorp); Michael
Lobdell (Managing Director, J.P. Morgan & Co.); Richard Stowe
(General Partner, Welsh, Carson, Anderson & Stowe); Albert Waxman
(Managing Partner, Aurora Group Partners) and Fred Wilson (Managing
Partners, Flatiron Partners).
The New York City Investment Fund was established in 1996 by Henry
Kravis and the New York City Partnership and Chamber of Commerce to
promote job growth and business development in the five boroughs. It
is currently capitalized at USD 60M. Investors contribute USD 1M
each to a revolving facility that will reinvest earnings in other
worthwhile projects, so that dividends come in the form of benefits
to the City, rather than as financial returns to investors.
Ericsson's 100,000 employees are active in more than 130 countries.
Their combined expertise in wired and mobile networks, mobile phones
and infocom systems makes Ericsson a world-leading supplier of
telecommunications.
FOR FURTHER INFORMATION, PLEASE CONTACT
Donna Campbell, Director of Ericsson's CyberLab in Silicon Alley,
Tel. +1 917 929 3714
Kathy Egan, Vice President, Communications, Ericsson Inc.
Tel. +1 212 685 4030
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