TYCOM SELECTS CIENA'S COREDIRECTOR, CORESTREAM FOR NEXT-GENERATION INTELLIGENT OPTICAL NETWORK
TyCom Chooses CIENA's CoreDirector Intelligent Optical Switching Systems, CoreStream Intelligent Optical Transport Systems for Deployment in TyCom Global Network
Linthicum, MD — 05/08/2001Ciena Corporation (NASDAQ: CIEN) today announced a comprehensive agreement with TyCom Ltd. (NYSE: TCM) for TyCom's purchase of Ciena's market-leading intelligent optical switching and transport systems for deployment in the TyCom Global Network. The two-year agreement, which covers TyCom's purchase of Ciena's MultiWave CoreDirector™ and MultiWave CoreStream™ systems, includes initial orders valued at more than $150 million. TyCom is building a next-generation undersea optical network that will ultimately span approximately 250,000 km and will connect all six inhabited continents.
With Ciena's CoreDirector intelligent optical switching systems and CoreStream intelligent optical transport systems, TyCom will be able to offer premium, highly customized optical services and significantly increase its network's capacity and cost efficiency. TyCom also is looking to use Ciena's systems as an intelligent platform for automated service provisioning, dynamic protection and restoration, integrated long-haul and ultra long-haul networking, and improved network utilization.
"Our decision to utilize Ciena's intelligent optical networking systems is driven by Ciena's leading edge technology and our continual push to provide greater value to TyCom's customers," said Neil Garvey, president and chief executive officer of TyCom. "The next-generation architecture of the TyCom Global Network will enable us to deliver superior, long-term business value and to provide services that cannot be offered over traditional legacy networks."
Ciena's CoreDirector is designed to enable immediate capital and operational savings by replacing racks of static network equipment with a single, highly scalable, software-based optical switch. A flexible, intelligent, self-aware network is created by connecting CoreDirector switches with Ciena's high-capacity CoreStream transport systems for long-haul and ultra long-haul applications. Because Ciena's CoreStream offers service providers a single, integrated platform that is designed for both long-haul and ultra long-haul transport applications, service providers are able to create efficiencies across the network and transport optical signals further without electrical regeneration, which further reduces network costs and complexity.
According to Patrick Nettles, Ciena's chairman and chief executive officer, Ciena's ability to deliver the market's leading intelligent optical switching systems, as well as a single transport platform capable of optimal performance in multiple distance applications, makes Ciena a model supplier for the TyCom Global Network.
"Major service providers such as TyCom are challenged to meet the demand for new, high-bandwidth services delivered at the lowest cost per bit," Nettles said. "TyCom's deployment of a worldwide undersea network that features a next-generation architecture illustrates that the fundamental shift from legacy networking to intelligent optical networking has begun on a global scale."
Phase one plans for TyCom, the industry's only fully integrated undersea network owner and supplier, call for deployment of Ciena's CoreDirector and CoreStream platforms in the Transatlantic and Northern Europe systems of the TyCom Global Network. These platforms provide the optical network intelligence and flexibility required to offer next-generation optical services and broadband capacity at all levels. Supporting TyCom's aggressive network build plans, which are proceeding on or ahead of schedule, initial deployments are expected to be placed into service on the Transatlantic system in July of this year.
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.
TyCom Ltd. (NYSE: TCM; BSX: TCM) is one of the world's largest providers of advanced broadband communications capacity, systems and services. TyCom is a leading fully integrated supplier of transoceanic fiber optic systems, is the recognized world leader in undersea technology development and application, and operates one of the world's largest fleets of cable ships. To meet growing demand, the Company is also deploying and selling capacity on the TyCom Global Network. For more information on TyCom, visit www.tycomltd.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, TyCom's ability to offer premium, highly customized optical services and significantly increase its network capacity and cost efficiency with Ciena's CoreDirector and CoreStream systems, TyCom's plans to use Ciena's systems as an intelligent platform for automated service provisioning, dynamic protection and restoration, integrated long-haul and ultra long-haul networking, and improved network utilization, the ability of the next-generation architecture of the TyCom Global Network to enable TyCom to deliver superior, long-term business value and to provide services that cannot be offered over traditional legacy networks, the ability of CoreDirector to enable immediate capital and operational savings by replacing racks of static network equipment, the ability of service providers to create efficiencies across the network and transport optical signals further without electrical regeneration by using Ciena's integrated platform for both long-haul and ultra long-haul networking, Ciena's ability to deliver the market's leading intelligent optical switching systems as well as a single transport platform capable of optimal performance in multiple distance applications, 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 February 15, 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

