CIENA ENTERS CHINA THROUGH AGREEMENT WITH BEIJING IDN
Linthicum, MD — 06/25/2001Ciena Corporation (Nasdaq: CIEN), a global provider of intelligent optical networking systems and software, today announced a sales agreement with Beijing IDN (CEC/IDN) at a signing ceremony at the Diaoyutai State Guest House in Beijing.
CEC/IDN plans to deploy Ciena's industry-leading MultiWave CoreDirector™ and MetroDirector K2™ products, and has already placed purchase orders with Ciena.
"Through this strategic agreement with CEC/IDN, Ciena is able to enter China with a great deal of local credibility," said Claude Achcar, Ciena's managing director, Asia Pacific. "We expect the combination of Ciena's intelligent optical networking portfolio and CEC/IDN 's expertise in the China telecom market to be complementary."
"CEC is thrilled to be working with Ciena, the leader in next-generation optical networking solutions," said Mr. Wang Jincheng, chairman and president of CEC. "We believe Ciena's optical networking technology not only sets the industry performance standard, it is also a cost-saving business solution that generates new streams of revenue. Cost effectiveness is a crucial issue for any service provider competing in the current global economic climate."
Beijing IDN is the joint venture formed by China Electronic Corporation (CEC), the largest electronic enterprise in China, and IDN Telecom, Inc., a privately held broadband and metro access solution company with headquarters in Fremont, Calif. CEC was established in 1989 under the jurisdiction of China's State Central Enterprises Working Committee with a mandate to vitalize and develop China's information industry.
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.
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, CEC/IDN's plans to deploy Ciena's industry-leading MultiWave CoreDirector and MetroDirector K2 products; and the cost savings, deployment timing, and network management benefits of the Company's products, are based on information available to the Company as of the date hereof. 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 May 17, 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.
Nicole Anderson
Ciena Corporation
(877) 857 -7377
pr@ciena.com
Marie Downing
Ciena Corporation
(888) 243-6223
ir@ciena.com
