MARTINSRIED/MUNICH, Germany and MAHWAH, N.J., June 22, 2004 (PRIMEZONE) -- ADVA Optical Networking today celebrates its 10-year anniversary. Since the company's foundation in 1994, ADVA has grown to become Europe's No. 1 and the world's No. 2 provider of metro optical networking solutions. Strong partnerships with blue-chip vendors like Siemens, Fujitsu, CNT, IBM, and EMC, together with a broad global customer footprint of 86 carriers and several thousand enterprises, have resulted in an installation base of more than 50,000 Wavelength Division Multiplexing (WDM) channels. ADVA's customer-oriented mindset has strongly influenced five generations of product development, resulting in an unparalleled depth and breadth of platforms and features for the metro optical networking market. A team of 440 employees drive the company's growth from nine sites in six countries and a numerous direct presence locations around the world. Revenues reached a high of EUR 90.4 million ($102 million USD) and net profitability a record EUR 4.9 million ($6 million USD) in the year 2003.
"We are extremely proud of ADVA's accomplishments and consider it to be a truly remarkable 'decade of delivery'. ADVA is one of the few communications equipment start-up companies during the 1990's to have not only survived the dramatic industry downturn, but emerged as a leading and established player," stated Brian L. Protiva, Chief Executive Officer of ADVA.
He continued: "Growth remains top priority on our agenda for the next decade. We see many high-growth opportunities in the metro market - especially in the access space, where we expect about half of carrier capital expenditures to be made in the next five years. We are looking to North America and Asia for increased market share and at complementary technologies to expand our total addressable market. We will follow the same formula for success: develop a strong understanding of the customer requirements; build pragmatic, technology-leading solutions; and then execute, execute, execute."
ABOUT ADVA OPTICAL NETWORKING
ADVA Optical Networking (FSE: ADV) is a leading global provider of optical networking solutions for rapid and cost-effective provisioning of high-speed data, storage, voice, and video services in the metropolitan area. ADVA's carrier-class Fiber Service Platform (FSP) product portfolio is explicitly designed to enhance services, simplify networks, and reduce the total cost of ownership. ADVA's solutions have been deployed at over 80 carriers and several thousand enterprises worldwide. ADVA's products are sold through an international network of blue-chip distribution partners in addition to its own direct sales force.
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