Infinera DTN Wins RUS Listing for Deployment Under U.S. Government Rural Telecommunications Program
SUNNYVALE, CA--(Marketwire - February 18, 2009) - The Infinera (NASDAQ: INFN) DTN Digital
Optical Networking system has been accepted by the U.S. Department of
Agriculture's Rural Development Program as acceptable for deployment by
telecom companies using USDA Rural Utilities Service (RUS) funding to build
networks.
The USDA Rural Development's mission is to increase economic opportunity
and improve the quality of life for rural residents. Under that umbrella,
the Rural Development Telecommunications program provides loans and grants
to support the extension of broadband networks into rural areas and to
support distance learning and telemedicine initiatives. Last month,
President Obama's new Agriculture Secretary, Tom Vilsack, announced that
utilities in 13 states will receive $18.1 million in loans and grants under
the Rural Development program.
Based on Infinera's breakthrough large-scale photonic integrated circuits,
the Infinera DTN brings the speed and flexibility of the digital paradigm
to optical networks. The scalability, flexibility, and ease of operation of
Infinera networks make them an excellent solution for rural communities
seeking to deliver broadband access and advanced services to homes,
businesses, schools, colleges, or hospitals.
"Our customers have found that once you provide broadband access to
consumers, businesses, or local agencies that didn't have it before,
bandwidth demands can escalate at rapid rates," said Infinera Chief
Marketing and Strategy Officer Dave Welch. "The scalability and simplicity
of Infinera's Digital Optical Networks make it a great fit for rural
communities."
The Infinera DTN is a Digital ROADM for long-haul and metro core networks,
combining high-capacity DWDM transport, integrated digital bandwidth
management, and GMPLS-powered service intelligence in a single platform.
About Infinera
Infinera provides Digital Optical Networking systems to telecommunications
carriers worldwide. Infinera's systems are unique in their use of a
breakthrough semiconductor technology: the photonic integrated circuit
(PIC). Infinera's systems and PIC technology are designed to provide
customers with simpler and more flexible engineering and operations, faster
time-to-service, and the ability to rapidly deliver differentiated services
without reengineering their optical infrastructure. For more information,
please visit www.infinera.com.
This press release contains certain forward-looking statements based on
current expectations, forecasts and assumptions that involve risks and
uncertainties. These statements are based on information available to
Infinera as of the date hereof; and actual results could differ materially
from those stated or implied, due to risks and uncertainties.
Forward-looking statements include statements regarding Infinera's
expectations, beliefs, intentions or strategies regarding the future, such
as that Infinera's breakthrough large-scale photonic integrated circuits,
the Infinera DTN brings the speed and flexibility of the digital paradigm
to optical networks; that the scalability, flexibility, and ease of
operation of Infinera networks make them an excellent solution for rural
communities seeking to deliver broadband access and advanced services to
homes, businesses, schools, colleges, or hospitals; that our customers have
found that once you provide broadband access to consumers, bandwidth
demands can escalate at rapid rates, and that the scalability and
simplicity of Infinera's Digital Optical Networks make it a great fit for
rural communities. Such
forward-looking statements can be identified by forward-looking words such
as "anticipated," "believed," "could," "estimate," "expect," "intend,"
"may," "should," "will," and "would" or similar words. The risks and
uncertainties that could cause our results to differ materially from those
expressed or implied by such forward-looking statements include aggressive
business tactics by our competitors, our dependence on a single product,
our ability to protect our intellectual property, claims by others that we
infringe their intellectual property, our manufacturing process is very
complex, product performance problems we may encounter, our dependence on
sole or limited source suppliers, our ability to respond to rapid
technological changes, our ability to maintain effective internal controls,
the ability of our contract manufacturers to perform as we expect, a new
technology being developed that replaces the PIC as the dominant technology
in optical networks, general political, economic and market conditions and
events, including war, conflict or acts of terrorism; and other risks and
uncertainties described more fully in our public announcements and other
documents filed with or furnished to the Securities and Exchange
Commission. These statements are based on information available to us as
of the date hereof and we disclaim any obligation to update the
forward-looking statements included in this press release, whether as a
result of new information, future events or otherwise.
Contact Information: For further information
Media:
Jeff Ferry
Infinera
Tel. +1-408-572-5213
jferry@infinera.com
Investors:
Bob Blair
Infinera
Tel. +1-408-716-4879
bblair@infinera.com