Sunnyvale, CA - Aug. 23, 2010 - Infinera (NASDAQ:INFN, news, filings) announced today that Colt has deployed Infinera low-latency optical networking systems to support low latency services on its next generation pan-European network. With Infinera systems optimized to deliver substantial reductions in latency and the benefit of new direct fiber routes, Colt is now offering services with a measured latency of 4.22 milliseconds between London and Frankfurt and 2.65 milliseconds between Paris and Brussels.
Infinera low-latency solutions are engineered to provide significantly lower latency than conventional DWDM solutions through the use of innovative optics and electronics that drive latency out of the optical network. Infinera's low-latency solutions facilitate the delivery of native wavelengths across the optical network, as well as other important data and storage protocols for applications including business continuity and disaster recovery. Like all Infinera networks, Infinera low-latency networks provide industry-leading levels of reliability and 24x7 customer support.
Infinera's Digital Optical Networks architecture enables the rapid deployment, fast provisioning, and simple, quick and cost-effective operation of the optical network. Infinera's GMPLS-powered management software provides for end-to-end management of the optical network and the provisioning of services quickly and accurately with a minimum of human intervention.
"When it comes to succeeding in the financial markets, technology - including the underpinning network - is what drives competitive advantage. Colt addresses the need to be ahead of the game with its FastNet Ultra Portfolio. We've chosen Infinera for our next generation network, and our new low-latency networks between major financial centers, to give our customers the performance, quality and reliability they expect," said Terry Quigley, Head of Industry Practices at Colt. Headquartered in London, Colt operates a 25,000 kilometer pan-European network spanning 13 countries, providing business communications and IT managed services to thousands of customers across Europe.
"We've worked closely with Colt to customize a solution to deliver the lowest possible latency to the Colt network," said Infinera vice president for network strategy Chris Liou. "As the leader in digital optical networking, our focus is on using innovative technologies to deliver new solutions and competitive advantages to our customers, and we are pleased Colt has deployed Infinera's unique Bandwidth Virtualization solution and low-latency technologies to enable highly differentiated low-latency services within Europe, including 1GbE and 10GbE and beyond."
Infinera ranked second worldwide in long-haul optical networking revenue in the first quarter of 2010 according to independent analyst reports. In the second quarter, Infinera posted revenue of $111 million, a 62% increase over the year-earlier figure. Demand has grown for low-latency solutions with the worldwide growth of algorithm-based trading of financial products. Low-latency networks can provide a competitive advantage in today's financial markets where prices change constantly and related securities trade in many different financial centers.
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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 Infinera systems are optimized to deliver substantial reductions in latency and the benefit of new direct fiber routes; that the measured latency is 4.22 milliseconds between London and Frankfurt and 2.65 milliseconds between Paris and Brussels; that Infinera low-latency networks provide industry-leading levels of reliability; that GMPLS-powered management software provides for end-to-end management of the optical network and the provisioning of services quickly and accurately with a minimum of human intervention; that the solution delivers the lowest possible latency to the Colt network that as the leader in digital optical networking, our focus is on using innovative technology to deliver new solutions and competitive advantage to our customers; that fdemand has grown for low-latency solutions with the worldwide growth of algorithm-based trading of financial products and that low-latency networks can provide a competitive advantage in today’s financial markets where prices change constantly and related securities trade in many different financial centers. 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.