SUNNYVALE, CA, Jul 20, 2010 (MARKETWIRE via COMTEX) -- Mid-Atlantic Broadband Cooperative (MBC) has deployed Infinera (NASDAQ:INFN, news, filings) for a federally-funded broadband stimulus network in southern Virginia to deliver the speed, flexibility, and cost-effective scalable bandwidth of an Infinera network to schools in southern Virginia.
MBC won a $16 million grant in the first round of the federal broadband stimulus program for a proposal to deliver advanced open-access middle-mile services for 121 K-12 schools in southern Virginia. MBC has moved quickly to implement the project, hiring four new staff members to manage the project, and developing a construction plan for new fiber builds to schools and unserved communities. MBC chief executive Tad Deriso expects the construction work to create around 75 new temporary jobs. Construction work is scheduled to begin later this year, as soon as all federal approvals are secured.
MBC deployed an Infinera DTN network on its 800-mile regional network providing middle-mile connectivity in southern Virginia and to key carrier interconnection points in northern Virginia and the southeast. The MBC network, which went live in 2006, was cited by President Obama last December as an outstanding example of how publicly-supported middle-mile broadband networks can bring economic and social benefits to unserved, underserved, and economically disadvantaged communities.
"We are moving as quickly as we can to roll out our broadband stimulus network and bring the advantages of open-access middle-mile network connectivity to all K-12 schools in southern Virginia," said MBC President & CEO Tad Deriso. "Infinera was a natural choice for us, with its industry-leading speed of deployment and simplicity of operations. Our experience with our existing Infinera network has been first-rate and we look forward to continuing our relationship with the company on this and other expansions."
"MBC has already proved that broadband networks are an important asset for rural and disadvantaged communities and we are proud to support the company and the people of Virginia with an Infinera network," said Infinera co-founder and Chief Strategy Officer Dr. Dave Welch. "The Infinera DTN was designed from the ground up to deliver unprecedented ease of operation, based on our unique photonic integrated circuits, an innovative technology which was developed and is manufactured in Sunnyvale, California."
The Infinera DTN is the first, and still the only, optical networking system powered by photonic integrated circuits. The Infinera DTN combines high-capacity DWDM transport, integrated digital bandwidth management, and GMPLS-powered service intelligence in a single platform.
This week, Infinera will exhibit at the Tri-State Telecommunications Conference July 20-21 in Sun Valley, Idaho. Infinera will also exhibit at the 47th Annual OPASTCO Conference next week in Seattle, Washington July 24-28. For more information or to schedule a meeting, contact Anna Vue at firstname.lastname@example.org.
For further information on MBC, the services it is enabling in Virginia, and its Infinera network, visit http://www.youtube.com/watch?v=uJwRkfnfcic.
About Mid-Atlantic Broadband Cooperative Mid-Atlantic Broadband Cooperative (MBC) was established in 2004 as an independent open-access broadband cooperative to promote economic development in Southern Virginia. MBC's broadband initiatives helped to develop more than 2,200 jobs and attracting $300 million of private sector investment to the region. Through its highly successful open access network model, MBC has brought advanced broadband services to telecom providers who serve the region's residents, businesses, hospitals, and school systems. Currently, more than 55 telecommunications providers use the MBC network to expand their reach and reduce their costs of providing retail broadband services. For more information, please visit http://www.mbc-va.com/.
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 http://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, including that MBC deployed Infinera to deliver the speed, flexibility, and cost-effective scalable bandwidth of an Infinera; that the Infinera DTN was designed from the ground up to deliver unprecedented ease of operation, based on our unique photonic integrated circuits, an innovative technology which was developed and is manufactured in Sunnyvale, California; and that the Infinera DTN is the first, and still the only, optical networking system powered by photonic integrated circuits. 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, and our ability to respond to rapid technological changes, and other risks that may impact any of the group's business are set forth in their annual reports on Form 10-K filed with the SEC on March 1, 2010, as well as subsequent reports 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.
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