|Facility Aimed at Demonstrating Digital Optical Network Innovation as Infinera Expands in APAC SUNNYVALE, CA, Aug 22, 2011 (MARKETWIRE via COMTEX) -- Infinera (NASDAQ:INFN, news, filings) announced today the opening of a new full-service facility in Hong Kong, demonstrating its commitment to provide enhanced levels of service and support to customers in Asia Pacific. The new facility provides a localized environment for product demonstrations, training, and support for the growing number of APAC customers who deploy Infinera's innovative Digital Optical Network technology to offer services more rapidly and more profitably.
Staffed with sales, engineering, technical and operational support teams, the new presence in Hong Kong will also enable Infinera to gain ongoing, in-depth understanding of market requirements and respond faster to customers' needs.
Infinera changed optical networking in 2004 with the introduction of the DTN, which remains the industry's first and only solution that integrates Dense Wave Division Multiplexing (DWDM) directly with OTN switching through the use of Photonic Integrated Circuits (PICs). This pioneering integration of DWDM and OTN via PICs enables the Digital Optical Network to work faster, simpler and more profitably by removing many of the challenges found in traditional analog optical networks.
According to recent research from Ovum*, the global optical networking equipment market is driven by the continuing need for bandwidth and expected to reach $20 billion by 2015 with a compound annual growth rate (CAGR) of 5 percent; Asia-Pacific was identified as the number one growth region for optical networking sales. As an innovation leader reputed for quality and highly scalable solutions, Infinera is well-positioned to meet the growing need for efficient and reliable networks.
"Infinera is focused on growing our footprint in the expanding Asian market," said Tom Fallon, Infinera CEO. "Building on our success in North America, we have achieved significant growth in EMEA and are now determined to extend this success to APAC. Infinera has made optical networking faster, simpler and more efficient, and we are excited to demonstrate this innovation to our existing and future customers in APAC."
"This new facility marks the beginning of a long-term investment by Infinera in APAC," said Andrew Bond-Webster, Vice President APAC, Infinera. "We will continue to listen to our customers, make ourselves more accessible to them, and expand our local team of expertise to create winning opportunities for everyone in the long term."
About Infinera Infinera specializes in Digital Optical Networking systems that are designed to continually improve the economics of optical networking by combining the speed of optics with the simplicity of digital. Infinera is unique in its use of breakthrough semiconductor technology: Large Scale Photonic Integrated Circuit (PIC). Infinera's systems leverage PIC technology to provide customers with a service-ready architecture that enables faster time-to-revenue and greater profitability through network efficiency and the ability to rapidly deliver differentiated services without reengineering their optical infrastructure. For more information, please visit http://www.infinera.com/.
This press release contains forward-looking statements including, among other things, statements including that integration of DWDM and OTN via PICs enables the Digital Optical Network to work faster, simpler and more profitably by removing many of the challenges found in traditional analog optical networks; that Infinera is well-positioned to meet the growing need for efficient and reliable networks; and that Infinera has made optical networking faster, simpler and more efficient. These forward looking statements are based on our current expectations. Actual results may vary materially from these expectations as a result of various risks and uncertainties, including, but not limited to, aggressive business tactics by our competitors, our dependence on a single product, our reliance on single-source suppliers, and our ability to respond to rapid technological changes. Further information about these risks and uncertainties, and other risks and uncertainties that affect our business, is contained in the risk factors section and other sections of our annual report on Form 10-K filed with the Securities Exchange Commission on March 1, 2011, as well subsequent reports filed with or furnished to the SEC. These reports are available on our website at www.infinera.com and the SEC's website at www.sec.gov. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
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