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NYSE : NTTSX : NT
January 12, 2009 eleven:00 ET
New 5600 sequence supplies trade-main efficiency, cost-Effectiveness, Reliability
BILLERICA, MASSACHUSETTS--(Marketwire - Jan. 12, 2009) - Nortel(1) (TSX:NT)(NYSE:NT) extended its Ethernet collection of facts options these days via unveiling the brand current Nortel Ethernet Routing swap 5600 family unit to enable a extra low-cost, resilient and legit deployment of excessive-ability, high-performance networks that supply crucial aggressive skills for firms.
"here's more than a current line of stackable switches for middling deployments. Given the efficiency and resiliency they deliver to the information core environment, this current line presents organisations flexibility at a really aggressive rate element," renowned Zeus Kerravala, senior vice chairman, Yankee neighborhood(2). "This bolsters Nortel's unified communications own portfolio, however more importantly, it demonstrates that Nortel is lamentable ahead in designing current products that signify mighty offerings and dedication to the enterprise market."
This current line of excessive-conclusion, stackable Nortel switches turned into designed and engineered from the ground up to be a damage from the evolutionary way to constructing records products to carry true-time unified communications with market-leading efficiency and features. The five switches in the current ERS 5600 sequence present as much as 18 times the stacking performance, up to twice the capability, and as much as seven-times the resiliency of the stackable switches from the simple competition, at a fraction of the cost.
"Nortel's solution gives the groundwork for unified communications and simplifies their community infrastructure, offering business-leading performance and performance combined with extraordinary throughput, reliability and affordability," spoke of Allen Frost, community architect, Novell(2). "It besides requires much less machine and that translates to discounts when it comes to capital and operational charges. The ERS 5600 switches proved to be essential to deploy, and they expect significant productiveness enhancements in addition to ongoing can charge savings with this information networking solution."
"organizations value the power of unified communications - the challenge is a way to fetch there from here," renowned Joel Hackney, president, commercial enterprise options, Nortel. "the 1st step is deploying an impressive, excessive-performance data network, because without it, the infrastructure might not support video and real-time apps captious to unified communications. the brand current family unit of Nortel Ethernet switches we're introducing these days are designed to not best deliver that performance needed to these days, but to accommodate the evolving wants and skill unified communications will require in the future. This confirms Nortel's dedication to the wants of the commercial enterprise market as they proceed to strengthen and carry options designed to enlarge competitiveness and reduce working costs."
The Nortel Ethernet Routing change 5600 has been designed as a value valuable and genuine change now not simplest germane for deployment in the information middle, but superior aspects additionally permit the switches to be used within the part, distribution and core layers of the network. The 5600 switches are stack-compatible with the existing ERS 5500 switches, allowing a composite of port speeds and densities to fulfill any application while keeping present investments. the brand current fashions are grievous with built-in with trade-main 10 Gigabit uplink potential. The 5600 additionally contains a mannequin with support for as much as 96 Gigabit power over Ethernet ports. This power over Ethernet potential in a stackable swap allows for for comparatively cheap, high-density UC deployments - and is just obtainable from Nortel.
Finland-based mostly reseller, Nordic Lan&Wan(2), has loved tremendous penetration across a yoke of consumer segments with the Nortel ERS 5000 portfolio. "We're very satisfied with the ERS 5000 products. The latest feature enhancements of the brand current 5600 fashions actually simplify network planning and design. In specific, the pliability and performance of the brand current line mitigates the dangers inherent in deploying excessive-efficiency networks and offers marvelous investment insurance policy," stated Juha Pasanen, provider director, Nordic Lan&Wan.
The Nortel Ethernet Routing swap 5600 portfolio is generally purchasable now.
Nortel data solutions are third-birthday party confirmed to deliver 20 instances the efficiency, seven times the resiliency at 50 % of the total cost of possession in comparison to the primary competition.(3)
Nortel is a identified leader in delivering communications capabilities that manufacture the engage of enterprise Made essential a truth for their consumers. Their next-era technologies, for both service issuer and commerce networks, support multimedia and business-crucial applications. Nortel's technologies are designed to aid dispose of brand current obstacles to effectivity, speed and performance by simplifying networks and connecting people to the information they need, when they want it. Nortel does enterprise in additional than a hundred and fifty nations world wide. For greater tips, hunt counsel from Nortel on the web at www.nortel.com. For the newest Nortel information, visit www.nortel.com/news.
definite statements in this press release may additionally embrace phrases similar to "may", "expects", "may additionally", "anticipates", "believes", "intends", "estimates", "ambitions", "envisions", "seeks" and different an identical language and are considered ahead-looking statements or information below applicable securities legislations. These statements are according to Nortel's latest expectations, estimates, forecasts and projections in regards to the working ambiance, economies and markets wherein Nortel operates. These statements are discipline to vital assumptions, risks and uncertainties, which can be knotty to predict and the actual result could be materially separate from those contemplated in forward-looking statements. For more information with admire to sure of these and different components, survey Nortel's Annual file on Form10-ok, Quarterly stories on figure 10-Q and other securities filings with the SEC. unless in any other case required via germane securities laws, Nortel disclaims any purpose or duty to replace or revise any forward-looking statements, even if as a result of current tips, future movements or otherwise.
(1)Nortel, the Nortel logo and the Globemark are emblems of Nortel Networks.
(2)this is a 3rd birthday party hyperlink as described in their internet linking practices.
Use of the phrases "companion" and "partnership" doesn't imply a prison partnership between Nortel and some other birthday celebration.
(3)The Tolly neighborhood document number 208298, July 2008, suggested the effects of an influence consumption comparison of six Nortel converged records network products which embrace large and medium core and wiring closet Ethernet Routing Switches (ERS), commercial enterprise fork office routers, and IP telephones compared to similar Cisco products on the foundation of vigour consumption and heat dissipation, and five-year operational charge. survey besides the Tolly neighborhood record number 208275, January 2008, and info-Tech research group report (January 30, 2008).
LINTHICUM, Md.--(business WIRE)--Ciena® organization (NASDAQ: CIEN), the community expert, nowadays announced that it has entered into agreements with Nortel to buy appreciably the entire optical networking and carrier Ethernet property of Nortel’s Metro Ethernet Networks (guys) company for $390 million in money and 10 million shares of Ciena ordinary stock. The product and expertise assets to be bought embrace Nortel’s lengthy-haul optical transport portfolio; metro optical Ethernet switching and transport solutions; Ethernet transport, aggregation and switching know-how; multiservice SONET/SDH product families; and network administration utility products.
The proposed transaction would strengthen Ciena’s world presence and convey collectively complementary applied sciences in switching and transport if you want to present clients a realistic course for transitioning to automatic, optical Ethernet-primarily based networking. based on the closing rate of Ciena’s stock on Tuesday, October 6, 2009, the composite value of the shares to be issued by using Ciena is about $131 million, bringing the value of the respect to approximately $521 million. The belongings to be received generated approximately $1.36 billion in earnings for Nortel in 2008 and $556 million (unaudited) within the first six months of 2009.
“here's a special and exciting probability for us to speed up their present approach and the pace of their enlarge plans with the aid of two to 3 years,” pointed out Gary Smith, Ciena’s CEO and president. “We believe this transaction will status us for quicker growth via giving us greater geographic attain, broader consumer relationships and a deeper portfolio of solutions. They accept as True with we're best positioned to leverage these assets, thereby developing a Big challenger to usual network carriers.”
He continued: “we now abide gigantic admire for the talented people at Nortel and for his or her track record of innovation, and they appear to be forward to the possibility to construct on their current presence in Canada, the status we've operated an R&D middle of excellence in view that 2003. should the transaction be achieved, they can be disciplined in integrating the got belongings on an aggressive timeframe. they are able to draw from the most desirable in their respective groups, cultures and odds to manufacture sure that they carry continuity of give and innovation for their clients and meet shareholder expectations.”
Ciena is anticipated to manufacture employment presents to as a minimum 2,000 Nortel employees to become Part of Ciena’s international team of community consultants. The proposed acquisition would vastly enlarge Ciena’s latest Canadian-primarily based edifice components, making Ottawa the business’s biggest product and construction core. Ciena presently has edifice facilities in Alpharetta, Georgia; Linthicum, Maryland; Ottawa, Ontario; San Jose, California; Spokane, Washington; and Gurgaon, India. As of July 31, 2009, the recess of its fiscal third quarter, Ciena employed 2,one hundred ten employees globally.
Given the structure of the transaction as an asset carve-out, Ciena expects to incur integration-connected fees of approximately $one hundred eighty million. in response to present expectations of deal timing, Ciena anticipates that the majority of the integration-related costs should be incurred in 2010 and expects the transaction to be greatly accretive to Ciena’s consequences of operations in fiscal 2011.
on account of Nortel’s restructuring method, the transaction is subject to a competitive bidding manner and requires the approval of the united states chapter court for the District of Delaware and the Ontario sophisticated court of Justice. Ciena expects hearings earlier than these courts to certify bidding approaches, break-up payment and fee compensation could be held within the next several weeks, adopted through a bid duration and a potential public sale, with final sale hearings to be held thereafter.
in the Europe, middle East and Africa (EMEA) vicinity, Ciena has entered into an settlement with the Joint directors, on behalf of the Nortel EMEA entities taking Part within the transaction for which they abide been appointed, and where relevant, the transaction is subject to statutory suggestions-sharing and consultation approaches with the central employee representatives, in addition to approval of the court in Israel.
The transaction is additionally field to commonplace closing conditions, including receipt of fundamental regulatory approvals.
Deutsche bank Securities Inc. and Foros Securities LLC served as financial advisors to Ciena on this transaction.
more information about this proposed transaction is obtainable in a kind eight-k to be filed by means of Ciena these days and on Ciena’s web page at http://www.ciena.com.
are vital web Broadcast and Teleconference of dialogue
Ciena’s executives will host a discussion of this information announcement with buyers and monetary analysts these days, Wednesday, October 7, 2009 at eight:30 am (jap). The live broadcast of the dialogue will be accessible by the expend of Ciena’s web page at http://investor.ciena.com. The dialogue will even be teleconferenced and obtainable globally by using dialing +1 (719) 325-2370. delight expend entry code 1922497. A limited variety of dial-in traces may be made obtainable. To manufacture sure your participation within the teleconference, delight dial into the call core at least 5 minutes in foster of the scheduled conference birth time.
For these unable to consume Part within the live webcast/teleconference call, an automated playback should be obtainable from about 12:00 pm (eastern) on Wednesday, October 7, 2009 via hour of darkness (japanese) on Thursday, October eight, 2009. To listen to the replay at any time within the U.S. and Canada, dial: (888) 203-1112 and from overseas areas: +1 (719) 457-0820. delight expend entry code 1922497. An archived edition of the dialogue will even be obtainable presently following the conclusion of the live broadcast on the Investor family members page of Ciena’s site at: http://investor.ciena.com.
Ciena specializes in useful network transition. They present leading network infrastructure options, knowing application and a complete features apply to wait on their valued clientele expend their networks to fundamentally trade the manner they compete. With a worldwide presence, Ciena leverages its tradition of purposeful innovation to bring optimum efficiency and financial price in communications networks worldwide. They routinely post contemporary news, financial outcomes and other crucial bulletins and suggestions about Ciena on their site. For greater tips, talk over with www.ciena.com.
notice to investors
ahead-looking statements. This press release consists of sure forward-searching statements in accordance with existing expectations, forecasts and assumptions that involve hazards and uncertainties. forward-looking statements encompass statements regarding Ciena's expectations, beliefs, intentions or ideas regarding the future and may be identified with the aid of forward-looking words comparable to "expect," "trust," "may," "estimate," "predict," "intend," "may," "should," "will," and "would" or similar words. ahead-searching statements regarding the transaction described herein include, but don't appear to be restricted to, statements concerning the benefits of the transaction, together with future economic and operating effects, accretion to revenue per share coming up from the transaction, integration prices, the anticipated quantity and timing of cost reductions and operating synergies, even if and when the transaction meditated should be consummated, and the combined business's plans, expectations, ambitions, and intentions. These statements are in keeping with assistance available to Ciena as of the date hereof and precise consequences might differ materially from those mentioned or implied. These statements are field to risks and uncertainties associated with Ciena’s enterprise, which consist of the possibility elements disclosed in Ciena’s figure 10-Q filed with the SEC on September three, 2009. hazards regarding the proposed transaction include, however are not constrained to: chapter and regulatory approvals might besides now not be acquired; the predicted merits and synergies of the proposed transaction might besides not be realized; the combination may be materially delayed or can be extra expensive or intricate than expected; and the proposed transaction might besides no longer be consummated. Ciena assumes no duty to update the guidance included in this press free up, no matter if as a result of current guidance, future movements or otherwise.
EUC with HCI: Why It concerns
Networking seller Ciena has now formally closed the deal to purchase the optical networking and provider Ethernet know-how of Nortel's Metro Ethernet Networks (men) company for a complete buy fee of about $774 million.
The deal's closure marks the recess of a nearly six-month manner during which Ciena has been in search of Nortel's assets because it assumes a brand current status within the service networking trade.
Nortel entered into bankruptcy in January 2009, and has spent lots of the past 12 months selling off its quite a few divisions. Ciena first bid on the Nortel carrier belongings in October, and formally received the public sale for the commerce at the conclusion of November.
Ciena is now relocating ahead as a combined entity with Nortel's guys and aims to be a tremendous player within the carrier market.
"Ciena's aggressive status in the market has been significantly greater with the Nortel men acquisition," Dave Parks, director of product marketing at Ciena, informed InternetNews.com. "we're massive ample to execute however not too universal relish some of their bigger rivals to lose focus. Ciena now holds the number 1 optical networking market share position in North the usa and number three position globally."
Parks added that Ciena is now positioned to be a market chief in optical switching and is emerging as a heavyweight in carrier Ethernet. Nortel had been engaged on 100 gigabit networking applied sciences, and already has trials of its solution with Verizon.
Ciena is planning to rebrand the current Nortel men platforms with its own emblem over time, even though Parks mentioned that the enterprise isn't planning to rename any of the Nortel guys items. existing products don't appear to be being phased out except they were already discontinued in foster of the acquisition, he delivered.
"We could be leveraging key capabilities and technologies from both typical Ciena and Nortel men and making expend of these throughout the portfolio the status it makes experience," Parks talked about. "Some examples of this embrace adding Nortel guys's 100G expertise to different Ciena items and Ciena's manage airplane utility to other Nortel guys items."
Ciena will proceed to wait on present Nortel valued clientele, and grievous products which are at present delivery to customers could abide continuity of provide and support, he stated.
"in fact, a lot of Nortel men's items and capabilities are key add-ons of their going-forward portfolio and approach," Parks talked about. "we've prepared their mixed portfolio round options according to converged optical Ethernet via leveraging key materiel and know-how attributes in a number of areas that aid their consumers manufacture their networks larger means, converged and automated."
The optical networking and carrier Ethernet company is the final of Nortel's essential divisions to be liquidated through the bankrupt enterprise because it now winds down its operations. Nortel previously bought its instant belongings to Ericsson for bid of $1.13 billion. Nortel bought its commercial enterprise belongings to Avaya for $900 million.
Sean Michael Kerner is a senior editor at InternetNews.com, the information carrier of web.com, the community for technology experts.
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Credo Semiconductor, a global innovation leader in elevated performance, low power connectivity solutions for 100G, 200G, and 400G port enabled networks, and Innovium, Inc., a leading provider of networking switch solutions for data centers, today announced the successful interoperability of Credo’s vigorous Ethernet Cable (AEC) connectivity solutions with Innovium’s industry-leading 12.8Tbps TERALYNX™ switch silicon. Interoperability includes support for 400G/200G based QSFP-DD to QSFP-DD, QSFP-DD to 4xQSFP28 and QSFP56 to 2xQSFP28 vigorous Ethernet Cables. The companies will demonstrate their products live at Optical Fiber Communications (OFC) Conference and Exhibition, to be held March 5-7, 2019 at the San Diego, CA Convention Center.
As customers adopt 400G for data focus connectivity, the aptitude to expend AEC’s to deploy lighter gauge, lighter weight, and superior bend radius solutions that besides deliver longer reach for 50G PAM4 technology offers customers a major cost savings for high-bandwidth intra-rack and inter-rack connectivity vs currently-available optical solutions.
“The extended reach capability of Credo’s vigorous Ethernet Cables enables data focus customers to drastically reduce cap-ex by leveraging elevated radix 12.8Tbps switch solutions from Innovium to span across multiple server-storage racks”, said Amit Sanyal, VP of Product Management and Marketing at Innovium. “Innovium, the only provider of a low-latency, programmable 12.8Tbps switch silicon in the market, is excited to partner with Credo to declar the successful demonstration of 100-400G interoperability with Credo's unique portfolio of vigorous Ethernet Cables”.
“Credo’s vigorous Ethernet Cables in conjunction with innovative 12.8T switch solutions from Innovium are intended to wait on accelerate the deployment of 400G Data focus infrastructure. In addition to superior cost and power performance, Credo AEC’s are uniquely capable of providing Gearbox functionality within the cable to enlarge Data focus architecture flexibility”, said Job Lam, Credo Co-Founder and inventor of the AEC. “The AEC’s allow for easy retrofit upgrade paths as the 400G eco-system evolves. The deterministic nature of the solution besides eliminates copper variability inherent in Direct Attached Copper Cables (DACs) and insures error free data transfer”.
About Credo Semiconductor
Credo is a leading provider of elevated performance, mixed-signal semiconductor solutions for the data center, enterprise networking and high-performance computing markets. Credo's advanced Serializer-Deserializer (SerDes) technology delivers the bandwidth scalability and end-to-end signal integrity for next generation platforms requiring single-lane 25G, 50G, and 100G connectivity for 100G, 200G, 400G, and soon to Come 800G networks. The company makes its SerDes available in the figure of Intellectual Property (IP) licensing on the most advanced processing nodes and with complementary product families focused on extending reach and multiplexing to higher data rates. For more information, delight visit: www.credosemi.com.
Innovium is a leading provider of elevated performance, innovative switching silicon solutions for data centers. Innovium TERALYNX™ family delivers software compatible products ranging from 3.2Tbps to 12.8Tbps with unmatched power efficiency, radix, programmability, buffers and low latency. Innovium team members abide a highly successful track record in delivering several generations of widely deployed data focus products. The company is headquartered in Silicon Valley, California and is backed by leading venture capital firms including Greylock Partners, Walden Riverwood, Capricorn Investment Group, Qualcomm Ventures, S-Cubed Capital and Redline Capital. For more information, delight visit: www.innovium.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190228005796/en/
SOURCE: Credo Semiconductor"> <Property FormalName="PrimaryTwitterHandle" Value="@credosemi
Copyright commerce Wire 2019
"Designers of embedded systems and Industrial IoT solutions must prioritize time-critical data over their networks, but they've been hampered by multiple, competing protocols," said Jack Smith, WINSYSTEMS' director of product evolution and engineering. "Our current NET-429 technology increases the interoperability of their existing networks by taking odds of the latest developments in IEEE 802.1 Time Sensitive Networking (TSN) and Audio Video Bridging (AVB), coupled with proper attribute of Service (QoS) implementation."
These high-reliability switches besides support the IEEE 1588v2 one-step Precision Time Protocol (PTP), ensuring the most captious data is always available on time, optimized and in-sync. System engineers can prioritize their data regardless of multiple or proprietary Ethernet protocols using the very network. The NET-429 line capitalizes on the advanced capabilities of the Marvell® industrial-strength Link Street® switch technology, providing a uniquely secure Ethernet switch for captious installations.
Redundant wide-range power inputs offer abundant flexibility and significant cost savings in implementation. The PoE Power Device support precludes having to install power at the data source or other places where it is not practical to drop in power.
"Our product evolution and engineering teams abide long anticipated the disruptive impact accompanying the release of the TSN standard and the necessity of suitable switches," Smith explained. "So, they intentionally produced their first rugged switches to support clients in meeting their industrial networking requirements. And, of course, they work seamlessly with their industrial embedded computers to wait on customers develop complete industrial networking solutions."
The NET-429 was designed for industrial controls within harsh factory-floor environments subject to extreme operating temperatures, shock, vibration, etc. It is besides model for networking within smart buildings, and the medical, transportation and energy markets. Further, if customers abide special requirements not addressed in the standard product, WINSYSTEMS' design engineers will collaborate with them to develop a custom version.
PROVEN DESIGN, MANUFACTURING AND CUSTOMER SUPPORT WINSYSTEMS customers can be confident in the solutions, products and expertise they receive. From embedded computer design and manufacturing to industrial networking, weigh on elevated reliability and the birthright approach to meet your project requirements. The company's single board computers, embedded systems, I/O expansion modules and Ethernet switches are backed by world-class customer service and responsive technical support from knowledgeable application engineers at every step of the process.
ABOUT WINSYSTEMSFounded in 1982, WINSYSTEMS, INC. designs and manufactures embedded single board computers (SBCs), I/O modules, panel PCs and industrial Ethernet switches that operate over extended temperatures. These high-reliability products are engineered for demanding requirements and harsh environments, including industrial IoT, industrial automation/control, transportation management, energy management, Mil-COTS, medical, digital signage and communications applications. WINSYSTEMS is certified to ISO 9001:2015.
For more information, contact Technical Sales Director George Hilliard at sales@WINSYSTEMS.com or 817-274-7553, ext. 125. www.WINSYSTEMS.com
SOURCE WinSystems, Inc.Related Links
Feb. 28, 2019
Winsystems has unveiled its NET-429 line of rugged Ethernet switches for industrial networking environments. The switches can wield temperatures from -40 to 85-degrees Celsius, according to a press release.
Winsystems built the NET-429 line with power-over-Ethernet capabilities so users can deploy without a significant amount of wires. It besides supports the IEEE 1588v2 one step Precision Time Protocol for data transmission.
"Our product evolution and engineering teams abide long anticipated the disruptive impact accompanying the release of the TSN standard and the necessity of suitable switches," Jack Smith, director of product evolution and engineering, Winsystems, said in the release. "So, they intentionally produced their first rugged switches to support clients in meeting their industrial networking requirements. And, of course, they work seamlessly with their industrial embedded computers to wait on customers develop complete industrial networking solutions."
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