SUNNYVALE, CA, Mar 28, 2011 (MARKETWIRE via COMTEX) --
Infinera (NASDAQ:INFN, news, filings) has named Deryck Robinson Vice President of Subsea Sales, with responsibility for leading Infinera's subsea sales activities globally. Mr. Robinson will provide leadership for a dedicated team focused on expanding Infinera business in the large and growing subsea segment of the networking market.
Infinera Submarine Solutions have seen a rapid uptake in the market for SLTE (Submarine Line Terminal Equipment) since 2009. Based on the Infinera DTN, Infinera Submarine Solutions offer submarine operators the opportunity to cost-effectively increase subsea network capacity, while at the same time benefiting from the DTN's advantages of ease of use, space efficiency, and a seamless subsea-terrestrial network. Infinera Submarine Solutions have been deployed across the Atlantic, between North and South America, and in the Indian Ocean. In February, Infinera announced the deployment of a DTN network in the Mediterranean for MedNautilus, a division of Telecom Italia. Infinera Submarine Solutions have been deployed worldwide for customers for a total of more than 85,000 route-kilometers. The Submarine addressable market is projected to be worth as much as $891 million this year, up 15% from last year, according to data from independent market analysts Ovum.
"Submarine operators realize that the continuing growth in submarine bandwidth is a strain on existing submarine fiber cable systems," said Deryck Robinson. "We believe that these operators are turning to Infinera because our solutions enable rapid, cost-effective capacity upgrades to new and existing subsea fiber cable systems."
"I look forward to delivering excellent customer service to our customers and driving growth and success in the subsea market," added Mr. Robinson.
Mr. Robinson joined Infinera in 2006 as a Senior Sales Director and played a key role in Infinera's achievement of a leadership position in the North American long-haul market. "Deryck's new role leading Infinera's Subsea Sales team globally will help us bring the benefits of Infinera's Digital Optical Networks to many more subsea service providers," said Infinera Vice President of Worldwide Sales Ron Martin.
The Infinera family of optical solutions includes the Infinera DTN, the first optical system based on large-scale photonic integrated circuits, the Infinera ATN, a compact metro edge platform that extends the benefits of Infinera's Digital Optical Networks to the metro edge, and the DTN as SLTE, providing a set of application-optimized features for upgrading submarine cable networks.
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 Infinera Submarine Solutions have seen a rapid uptake in the market for SLTE since 2009; that Infinera Submarine Solutions offer submarine operators the opportunity to cost-effectively increase subsea network capacity, while at the same time benefiting from the Infinera advantages of ease of use, space efficiency, and a single subsea-terrestrial network; that operators are turning to Infinera because our solutions enable rapid, cost-effective capacity upgrades to new and existing subsea fiber cable systems; that Infinera will drive growth and success in the subsea market; and that Mr. Robinson's appointment will help Infinera bring the benefits of Infinera's Digital Optical Networks to many more subsea service providers. 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, 2011, 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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