HOLMDEL, N.J., Aug. 2, 2004 (PRIMEZONE) -- Amedia Networks (OTCBB:AANI) (Berlin Stock Exchange:TEJ), a design and development company of Ethernet broadband solutions for the communications industry, today announced that it has expanded its technology licensing agreement with Lucent Technologies. Lucent has also delivered to Amedia Networks several Bell Labs-developed technology designs for Amedia Networks PG1000 (Premises Gateway) and the AS5000 (Aggregator Switch).
Amedia Networks PG1000 and AS5000 are designed to industry Ethernet standards, and are engineered to seamlessly interface with existing Ethernet equipment. Amedia Networks gateway and switch can be installed in existing networks in global markets, thus providing an end-to-end fiber-to-the-premise (FTTP) solution. Both products can be ordered now and are expected to be generally available in the fourth quarter of 2004.
As Amedia Networks continues to develop state-of-the-art Ethernet and IP technologies for the broadband access market, it is expanding development work for additional enhancement features for all its products. In support of this ongoing strategy, Amedia Networks has entered into a supplemental agreement with Lucent, who will provide additional technology designs for further product enhancements for the PG1000 and AS5000. This work is expected to be completed by the fourth quarter of 2004.
The enhanced design of Amedia Networks CS1200 Core Switch, includes new features to broaden its market applications, design improvements to significantly reduce its production cost and adds a rich suite of software features to improve traffic management and security. This work is expected to be completed early in 2005.
About Amedia Networks
Amedia Networks is engaged in the design, development, and implementation of Ethernet solutions to the Fiber-to-the-Premises (FTTP) broadband access market. The Company's solutions are being designed to provide secure, high performance, scalable and reliable customer premises, access aggregator, and central office equipment enabling high-speed Internet access, video applications, and Voice over Internet Protocol (VoIP) services to end customers in a cost effective manner. For more information about Amedia Networks visit www.amedianetworks.com.
All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute "forward looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-KSB for 2003, its Quarterly Reports on Form-10-QSB, and other documents filed with the Securities and Exchange Commission. The Company is under no obligation to revise or update any forward looking statement in order to reflect events or circumstances that may arise in the future.