Corning and Nortel Combine Optical Expertise to Lower the Cost of Long-Haul Networks
OFC/NFOEC 2007 exhibit to demonstrate combined benefits of Corning® ultra-low-loss optical fiber technology with Nortel's optical equipment
CORNING, N.Y. , March 22, 2007 – Corning Incorporated (NYSE:GLW) and Nortel (NYSE/TSX: NT) have developed technologies that improve performance and lower installation and maintenance costs for regional and long-haul networks. By integrating Corning's new ultra-low-loss optical fiber technology with Nortel's optical networking equipment, the companies are making it possible for service providers to transmit information over longer distances with less equipment.
Corning and Nortel will demonstrate these advanced long-haul and regional network application products at OFC/NFOEC from March 25-27 in Anaheim, Calif. The demonstration of product solutions will be shown at the Corning exhibit, booth #2549, at the Anaheim Convention Center.
"Working with Corning has yielded a solution aimed at simplifying the deployment and operation of optical networks for customers while providing the foundation for new network services," said Philippe Morin, president, Metro Ethernet Networks, Nortel. "The ability to transfer information across greater distances with less equipment drives greater simplicity and reliability for operators. Corning shares our commitment to delivering products that enable high performance, inherent flexibility and value for optical networks."
"Combining Corning ultra-low-loss fiber technology with Nortel's eDCO and CPL equipment in this demonstration represents a truly flexible solution which can greatly help our customers in building new long-haul networks or reconfiguring their existing networks," said Clifford L. Hund, division vice president, sales and marketing, Corning Incorporated. "The integration of these products results in enhanced capability, new design opportunities and cost-savings for customers."
In the demonstration, Corning's newly commercialized single-mode fiber with Corning ultra-low-loss technology will be featured in a five span optical system designed with Nortel's Adaptive All Optical Intelligent network equipment. Several wavelengths will be transported over five spans, each extending 160 kilometers, without the use of dispersion compensation equipment or Raman amplification. The configuration showcases the network design flexibility enabled by these products.
Nortel's Adaptive All Optical Intelligent solutions featuring Nortel's unique electronic Dynamically Compensating Optics (eDCO), enhanced Reconfigurable Optical Add Drop Multiplexer (eROADM) and Domain Optical Controller (DOC), enable faster service turn-up with improved operational efficiency and performance. Using the built-in engineering and planning capabilities of eDCO and CPL equipment, customers can fully compensate for interference from chromatic dispersion electronically, eliminating the need for dispersion compensation equipment and their associated amplifiers, providing network capital and operational expense savings.
Corning's single-mode fiber with ultra-low-loss technology is the lowest-loss G.652 fiber available with the maximum attenuation available between 0.17 and 0.18 dB/km at 1550 nm. Capable of extended reach and longer spans, this optical fiber is compatible with the installed base of single-mode fibers and provides the added advantage of ultra low attenuation values at 1550 nm. This unique combination allows network designers and operators significant cost saving opportunities that can be leveraged by network operators to upgrade to higher data rates, design longer spans in greenfield deployments or extend the distance between regenerators in existing networks.
For more information on Corning's new ultra-low-loss optical fiber technology or any of Corning's high quality optical fiber products, visit www.corning.com/opticalfiber.
About Nortel
Nortel is a recognized leader in delivering communications capabilities that make the promise of Business Made Simple a reality for our customers. Our next-generation technologies, for both service provider and enterprise networks, support multimedia and business-critical applications. Nortel's technologies are designed to help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people to the information they need, when they need it. Nortel does business in more than 150 countries around the world. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.
Corning Media Relations Contact:
Taryn L. Manuele
(607) 974-4703
manueletl@corning.com
Nortel Media Relations Contact:
Pat Cooper
(425) 450-7523
pat.cooper@nortel.com
Nortel Safe Harbor:
Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Nortel's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different. Further, actual results or events could differ materially from those contemplated in forward-looking statements as a result of the following (i) risks and uncertainties relating to Nortel's restatements and related matters including: Nortel's most recent restatement and two previous restatements of its financial statements and related events; the negative impact on Nortel and NNL of their most recent restatement and delay in filing their financial statements and related periodic reports; legal judgments, fines, penalties or settlements, or any substantial regulatory fines or other penalties or sanctions, related to the ongoing regulatory and criminal investigations of Nortel in the U.S. and Canada; any significant pending civil litigation actions not encompassed by Nortel's proposed class action settlement; any substantial cash payment and/or significant dilution of Nortel's existing equity positions resulting from the approval of its proposed class action settlement; any unsuccessful remediation of Nortel's material weaknesses in internal control over financial reporting resulting in an inability to report Nortel's results of operations and financial condition accurately and in a timely manner; the time required to implement Nortel's remedial measures; Nortel's inability to access, in its current form, its shelf registration filed with the United States Securities and Exchange Commission (SEC), and Nortel's below investment grade credit rating and any further adverse effect on its credit rating due to Nortel's restatements of its financial statements; any adverse affect on Nortel's business and market price of its publicly traded securities arising from continuing negative publicity related to Nortel's restatements; Nortel's potential inability to attract or retain the personnel necessary to achieve its business objectives; any breach by Nortel of the continued listing requirements of the NYSE or TSX causing the NYSE and/or the TSX to commence suspension or delisting procedures; (ii) risks and uncertainties relating to Nortel's business including: yearly and quarterly fluctuations of Nortel's operating results; reduced demand and pricing pressures for its products due to global economic conditions, significant competition, competitive pricing practice, cautious capital spending by customers, increased industry consolidation, rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles, and other trends and industry characteristics affecting the telecommunications industry; the sufficiency of recently announced restructuring actions, including the potential for higher actual costs to be incurred in connection with these restructuring actions compared to the estimated costs of such actions and the ability to achieve the targeted cost savings and reductions of Nortel's unfunded pension liability deficit; any material and adverse affects on Nortel's performance if its expectations regarding market demand for particular products prove to be wrong or because of certain barriers in its efforts to expand internationally; any reduction in Nortel's operating results and any related volatility in the market price of its publicly traded securities arising from any decline in its gross margin, or fluctuations in foreign currency exchange rates; any negative developments associated with Nortel's supply contract and contract manufacturing agreements including as a result of using a sole supplier for key optical networking solutions components, and any defects or errors in Nortel's current or planned products; any negative impact to Nortel of its failure to achieve its business transformation objective; additional valuation allowances for all or a portion of its deferred tax assets; Nortel's failure to protect its intellectual property rights, or any adverse judgments or settlements arising out of disputes regarding intellectual property; changes in regulation of the Internet and/or other aspects of the industry; Nortel's failure to successfully operate or integrate its strategic acquisitions, or failure to consummate or succeed with its strategic alliances; any negative effect of Nortel's failure to evolve adequately its financial and managerial control and reporting systems and processes, manage and grow its business, or create an effective risk management strategy; and (iii) risks and uncertainties relating to Nortel's liquidity, financing arrangements and capital including: the impact of Nortel's most recent restatement and two previous restatements of its financial statements; any inability of Nortel to manage cash flow fluctuations to fund working capital requirements or achieve its business objectives in a timely manner or obtain additional sources of funding; high levels of debt, limitations on Nortel capitalizing on business opportunities because of support facility covenants, or on obtaining additional secured debt pursuant to the provisions of indentures governing certain of Nortel's public debt issues and the provisions of its support facility; any increase of restricted cash requirements for Nortel if it is unable to secure alternative support for obligations arising from certain normal course business activities, or any inability of Nortel's subsidiaries to provide it with sufficient funding; any negative effect to Nortel of the need to make larger defined benefit plans contributions in the future or exposure to customer credit risks or inability of customers to fulfill payment obligations under customer financing arrangements; any negative impact on Nortel's ability to make future acquisitions, raise capital, issue debt and retain employees arising from stock price volatility and further declines in the market price of Nortel's publicly traded securities, or the share consolidation resulting in a lower total market capitalization or adverse effect on the liquidity of Nortel's common shares. For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form10-K/A, Quarterly Reports on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
|