Sigma Networks Introduces New Hubbed SONET Services Powered by CIENA CoreDirector

Sigma Networks First to Deploy CIENA CoreDirector in the Core of a Metro Network

Linthicum, MD & SAN JOSE, Calif — 10/31/2001

Ciena Corporation (Nasdaq: CIEN), a global provider of intelligent optical networking systems and software, and Sigma NetworksSM, provider of the most complete range of metro interconnect services, today announced Sigma Networks' deployment of Ciena's intelligent optical core switching solutions to enable Sigma Networks' innovative hubbed MAINLinkSM SONET Services, which deliver unsurpassed flexibility with full carrier-class SONET performance and availability. Sigma Networks is the first service provider to deploy Ciena's intelligent optical core switching solutions in the metro core.

Ciena's Multiwave CoreDirectorTM and Multiwave CoreDirector CITM intelligent optical core switches enable Sigma Networks to deliver a uniquely flexible and cost effective offering of switched, channelized SONET Services in a metro network. Its fractional SONET capabilities allow Sigma Networks' carrier and service provider customers to use a single aggregated port connection to reach multiple points-of-presence in major cities. Sigma Networks' flexible hubbed SONET Services are delivered with unprecedented rapid provisioning, empowering customers with just-in-time capacity management and true carrier-class SONET performance and availability. Ciena's CoreDirector enables Sigma Networks' switching at the STS-1 level for the distribution of DS3s, OC-3s, OC-12s, and OC-48s throughout the metro.

Sigma Networks hubbed SONET Services allow customers to greatly reduce costs via economies of scale. For example, rather than ordering four separate OC-3 metro point-to-point connections, a customer could realize approximately $47,000 savings per year with the hubbed SONET Services by provisioning one aggregated OC-12 port with channelized, switched delivery to four different OC-3s at four different end locations. The services allow carriers and service providers to easily groom and aggregate existing circuits to meet current and future needs.

Ciena's CoreDirector, an intelligent optical switch utilized in the core of both long-haul and metropolitan networks, is designed to rapidly deliver a wide range of differentiable end-to-end optical capacity while minimizing capital and operational expenses. It enables the ability to groom circuits, thereby offering carriers the flexible capacity that today's networks require. The CoreDirector CI is a smaller footprint version of CoreDirector that complements the larger switch and is optimized for high-capacity optical switching in smaller hub sites, predominant in the regional and metro portions of service provider backbone networks.

"Ciena enables Sigma Networks to offer customers groundbreaking switched, fractional metro SONET Services," said John Peters, CEO of Sigma Networks. "Carriers and service providers have been seeking rapidly provisioned, streamlined fractional SONET Services for years, and Sigma Networks is architected to provide fast and flexible service to meet this market need. With switching at the STS-1 level, customers can be sure that they will receive the right amount of bandwidth at the right place at the right time."

"Ciena's software-based, next-generation intelligent optical switching technologies help Sigma Networks redefine the industry's expectations for metro area interconnect services," said Gary Smith, president and CEO of Ciena. "By making use of Ciena CoreDirector's intelligent bandwidth capabilities, Sigma Networks is able to rapidly provision services and make it easy for its carriers and service provider customers to efficiently expand their metro reach through their streamlined hubbed SONET Services."


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™ 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.
ABOUT SIGMA NETWORKS

Sigma Networks delivers the industry's most complete array of metro interconnect services to fill the connectivity gaps that exist between major data traffic points within cities. The company offers carriers and service providers an effective solution for metro interconnectivity that allows them to conserve capital and still meet customer demand. The company's all-optical Metro Area Interconnection Network (MAIN) provides the broadest and most flexible line of metro interconnections including SONET, Gigabit Ethernet, and Wavelength Services that accelerate carrier and service provider network footprint expansion and ROI. Sigma Networks' proprietary, Web-based MAINPointsm OSS gives customers direct control to rapidly provision and right size their bandwidth on command.

Sigma Networks was launched in February 2000 by former FCC Chairman Reed Hundt, Benchmark Capital Partner Andy Rachleff, and Concentric Network (acquired by XO Communications) co-founder John Peters. Sigma Networks has raised over $400 million in equity and debt financing led by Frontenac Company. The company is executing a fully funded plan to initially deploy a deep footprint in Washington, DC/Northern Virginia, San Francisco Bay/San Jose, New York City, Dallas, and Los Angeles, which constitute five of the major markets for data communications in the United States. www.sigmanetworks.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, the expected deployment of Ciena's CoreDirector and CoreDirector CI products in the core of Sigma Networks' metro network and the benefits with which Ciena's products will provide Sigma. 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 August 16, 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.
Press Contacts:
Nicole Anderson
Ciena Corporation
(877) 857 -7377
pr@ciena.com Laura Segal
Sigma Networks
(408) 382-7586
laura.segal@sigmanetworks.com
Investor Contacts:
Marie Downing
Ciena Corporation
(888) 243-6223
ir@ciena.com