SINGAPORE, Apr 13, 2011 (MARKETWIRE via COMTEX) --
Infinera (NASDAQ:INFN, news, filings) announced the appointment of Andrew Bond-Webster as Vice President of Sales for Asia Pacific to accelerate Infinera's focus on marketing Digital Optical Network solutions in the Asia Pacific region.
According to data from analyst firm Ovum, the Asia Pacific WDM market accounted for a total of $1.9 billion in revenue last year, with a forecast annual growth rate of 10% from 2010 to 2015. Infinera has achieved significant success in the region with major customers including Japan's largest service provider NTT and leading independent service provider Pacnet, headquartered in Hong Kong and Singapore and active throughout Asia. Mr. Bond-Webster will help Infinera broaden and deepen its focus in this important market.
Mr. Bond-Webster brings more than 20 years of experience in the terrestrial and satellite telecommunications industry across wide geographical markets and industry verticals to his new role at Infinera. His previous experience includes senior sales and marketing roles at technology suppliers and service providers in the Asia region, including Cable and Wireless and Equant Network Services.
"Infinera is the leading player worldwide in Digital Optical Networks and I am excited about the opportunity to take on this important role," said Mr. Bond-Webster. "My top priorities are to create further value for our existing customers, take advantage of new business opportunities and establish a good network of partners to help facilitate our growth. My goal is to drive and execute a business strategy that will help Infinera achieve sustainable long term revenue and margin growth across the region."
"Operators in the Asia Pacific region face the challenge to achieve faster and more cost-effective networks, and Infinera's solutions have the exemplary product quality and the digital features that can deliver competitive advantages to customers in the region," said Ron Martin, Infinera's Senior Vice President of Worldwide Sales. "With his excellent leadership skills, we are confident Andrew will help us drive the benefits of Digital Optical Networks further in the region."
Based on the Digital Optical Networks architecture, Infinera optical systems deliver a range of digital features and functionalities, including Digital ROADM capabilities, Bandwidth Virtualization to support the deployment of bandwidth to deliver any service between any two points on the network, and end-to-end Digital OTN services. The Digital Optical Networks paradigm enables customers to build fast, flexible and scalable networks for the 21st century, and achieve superior economics in their 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 has achieved significant success in the region; that Mr. Bond-Webster will help Infinera broaden and deepen its focus on this important market; that Operators in the Asia Pacific region face the challenge to achieve faster and more cost-effective networks, and Infinera's solutions have the exemplary product quality and the digital features that can deliver competitive advantages to customers in the region; and that with Mr. Bond-Webster's excellent leadership skills, Infinera is confident that it will be able to drive the benefits of Digital Optical Networks further in the region. 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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