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Corvis -- a telecommunications equipment manufacturer and potentially the next Cisco, Ciena, Ascend, or Juniper -- is on the cutting edge. It is about to roll out an all-optical multi-terabit router for telecommunications companies. Located in Columbia, Maryland, it is the second venture of David Huber, the founder and brains behind Ciena. Already has two rounds of financing from two major venture capital firms: Kleiner,Perkins and NEA. Cisco bought a 10% stake. When Corvis goes IPO, it'll be big. website: corvis.com 06.3.99 CORVIS CORPORATION UNVEILS ITS ALL-OPTICAL MULTI-TERABIT PRODUCT LINE SERIES OF NETWORK DEMONSTRATIONS AT SUPERCOMM '99 Transparent all-optical switching, transport and network management solutions will revolutionize the way traffic is moved and business is conducted in the new Internet-driven telecommunications industry Columbia, Md., June 3, 1999 – Corvis Corporation will unveil the industry's first all-optical network at Supercomm: the CorWave™ product family. With order of magnitude savings compared to available networks, Corvis networks provide carriers with strategic and competitive advantages enabling them to lead the information age revolution. By delivering high-capacity all-optical switching, transport and network management, Corvis combines the three critical capabilities required for the next generation Internet backbone. Each of the CorWave™ products provides far higher performance than any other products available today. Key advances include: Transport of 160 densely-packed OC-48 optical signals or 40 OC-192 optical paths on a single fiber, Transmission distances of 3200 kilometers without any electronic regeneration: a distance that makes all-optical networks a reality and optical switches immensely valuable, Transparent optical switching with a capacity of up to 2.4 Terabits, Enhanced optical network management software permitting carriers to provision ultra-long optical paths remotely and without field intervention, and Innovative protection capabilities in the optical layer. "Corvis has been able to execute on three key market fronts: transport, switching and network management in a very short time," states Mathew Steinberg of RHK (Ryan, Hankin & Kent). "This permits Corvis to pursue a combined annual market space of $5-7 billion." Corvis combines all-optical switching, transport and network management into a transparent physical mesh. This mesh may be organized into many logical architectures, permitting more flexible configurations that support different traffic and protection requirements across large networks. The Corvis mesh allows carriers to allocate wavelengths in a manner that optimizes network efficiency and minimizes interference. Carriers will enjoy a smoother migration path from ring-based topologies to mesh topologies; a move that can result in a 60 percent gain in network capacity using existing fiber in the field. With Corvis, carriers can take a new and different approach to network design and build a single, unified network to carry all kinds of traffic – IP/ATM, video, voice, etc. – instead of "stacked," overlay networks, each devoted to a single traffic type. "We are offering to both the switching and transport sides of the industry the lowest ‘cost per bit' network," said Dr. David Huber, President and CEO of Corvis. "We can do this because we are the first to combine all-optical switching with an ultra long distance optical transport layer to create a flexible mesh network. This is a breakthrough which lowers costs by an order of magnitude and creates many more service possibilities for carriers." The benefits of the Corvis approach are seen in lower acquisition and operating costs for a range of network operators: Optical transparency at network nodes that will eliminate combinations of discrete network elements, such as WDM terminals, SONET add/drop multiplexers and electrical cross connects – meaning a three- to ten-fold reduction in cost compared to current systems, depending on route configuration and capacity, Increased transmission distances for optical signals -- up to 3200 km for coast-to-coast routes without electrical regeneration – meaning a five- to eight-fold reduction in the number of electrical regenerator sites in a long-distance network, Reduced provisioning time for coast-to-coast routes – from weeks to minutes – meaning lower operations costs and faster return on investment for carriers. Corvis has demonstrated its products to many carriers, including Williams Communications Group, Inc., a unit of Williams (NYSE:WMB), based in Tulsa, Oklahoma. "We believe that Corvis' breakthrough products will create a discontinuity in the marketplace," said Matthew Bross, senior vice president and Chief Technology Officer of Williams Communications. "The fundamental shift created by Corvis' true optical networking products will give competitive carriers access to tremendous bandwidth and operational flexibility." Corvis is demonstrating its all-optical, multiple-terabit product line at Supercomm '99 in booth 8470 of the Georgia World Congress Center, June 8 – 10, 1999 and is holding a press conference at 11:00 a.m. on Tuesday, June 8, in room 305E of the Congress Center. As part of a multi-company exercise, Corvis also is conducting at its booth an optical internetworking demonstration with the Cisco 12000 series GSR (gigabit switch router). Cisco Systems, Inc. has acquired a minority interest in Corvis in connection with Corvis' recent third round financing. "Our investment in Corvis demonstrates the importance to Cisco of optical internetworking in meeting today's exploding bandwidth demands," said Graeme Fraser, vice president and general manager of Optical Internetworking at Cisco. "Corvis' dramatic innovations in transmission distance, channel count, and optical switching will assist network operators in building cost-effective IP networks." Corvis Corporation, based in Columbia, Maryland, is creating a true paradigm shift in the capabilities of telecommunication networks by introducing the world's first true all-optical network solution – a move that will lower network costs exponentially and create a multiple-terabit solution for improved Internet services and the data-centric networks of tomorrow. Corvis Product Notes The Corvis Optical Router dynamically interconnects fiber routes to create a transparent optical network. All Corvis products are designed to assure complete interoperability with existing equipment – meaning a smooth transition to the all-optical network and no stranded investments. The Corvis Optical Network Gateway provides access to the optical core network at node sites, while the Corvis Add/Drop Multiplexer provides access between nodes. The initial Corvis system significantly increases per fiber data capacity without expanding the 1530 – 1560 nm "window." It will transport 160 OC-48 channels per each optical fiber (400 Gbit/s per fiber) over distances up to 3200 km without electrical regeneration. The Corvis approach allows a much more efficient way of handling "express traffic" (meaning traffic moved from one population center to another) in the network because it removes the need for many electrical regenerators. According to industry studies, 70 percent or more of the traffic at any network node is "through traffic," while the rest is "dropped" and distributed to local users. Unlike current systems, which terminate all traffic at every node and regeneration point, Corvis eliminates a large amount of unnecessary regeneration, greatly reducing the number of regenerators in the line and leading to a substantial reduction in the cost of building and operating a network. Corvis uses open standards-based, optical amplification, filtering and control techniques to increase the number of wavelengths possible per fiber and reduce the need for optical signal regeneration. The Corvis Optical Amplifier provides bi-directional in-line optical signal gain with spacing determined by carrier route configurations and the type of fiber optic cable used in a particular route. The Corvis Network Manager (the CorManager™) enables "point and click" network provisioning and restoration through software controls. It incorporates an element management system that can remotely access each network element for configuration updates, provisioning and software downloads with a unique network modeling tool that creates real-time bandwidth allocation and management across the network. Miller/Shandwick Technologies Michael Newsom (617) 351-4124 mnewsom@miller.shandwick.com | ||||||||||||||
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