Nortel Networks

Joint Universities Computer Centre Enables Real-Time Collaboration for Hong Kong and International Universities With Nortel Metro Ethernet Solution

Hong Kong (ots/PRNewswire) - - Enhances Research and Resource Sharing for Students and Faculties The Joint Universities Computer Centre (JUCC) of Hong Kong is using the high-speed, high-bandwidth power of Metro Ethernet technology from Nortel(x) (NYSE/TSX: NT) to allow faculty and students of its eight member universities to communicate and collaborate in real-time with counterparts in Asia and around the world. The new JUCC network significantly enhances collaborative research and resource sharing capabilities for its eight-member universities, providing instant online access to high-bandwidth services such as library databases, Web-based courses, distance learning, telemedicine, multimedia applications, video conferencing and more. Other universities, local and overseas, will connect to the new Metro Ethernet infrastructure via JUCC's existing wide area network (WAN) - the Hong Kong Academic and Research Network (HARNET). "The Joint Universities Computer Centre's mission is to contribute to the ongoing development of information technology in the Hong Kong educational community and to advance our relationship with other academic institutions," said Dr. Nam Ng, director, JUCC. "Nortel's solution is enabling us to create a next-generation networking environment for our eight-member institutions and to provide a vehicle for expanding our contribution to education and research across our region and internationally." "Nortel technology provides the foundation for JUCC to create a real- time collaborative communications environment for its universities," said David Wong, managing director, Hong Kong, Nortel. "The high-speed capabilities of Nortel's Metro Ethernet technology boost student and staff productivity and efficiency, as well as enhance their ability to work together on research projects and education initiatives wherever their colleagues are located." JUCC is deploying Nortel's Optical Multiservice Edge 6500 and Optical Metro 5000 Series platforms - integral components of Nortel's Metro Ethernet Solutions - to provide Gigabit Ethernet and Fiber Channel connectivity for the collaborative research network and for inter- university data storage applications. Member institutions of the JUCC initiative are: University of Hong Kong, Chinese University of Hong Kong, Hong Kong Polytechnic University, City University of Hong Kong, Hong Kong Baptist University, Hong Kong University of Science and Technology, Lingnan University and Hong Kong Institute of Education. Implementation of the new JUCC network has been handled by Nortel Hong Kong business partner PCCW. More than 10,000 education customers worldwide have installed communications solutions from Nortel. In global research and education, Nortel has provided optical solutions to Netherlands-based SURFnet and Internet2 in the United States, and to Canada's advanced Internet development organization, CANARIE. The Nortel Metro Ethernet Networks portfolio includes solutions for multiservice optical, carrier Ethernet and wireless backhaul. The portfolio enables service providers to address the growth of high-bandwidth video and data applications in their metro networks by deploying Ethernet as the universal transport layer for any service they wish to offer, including next-generation services such as triple and quadruple play, wireless video and data and Ethernet business connectivity. HONG KONG, December 5 /PRNewswire/ -- About Nortel HONG KONG, December 5 /PRNewswire/ -- Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world's most critical information. Our next-generation technologies, for both service providers and enterprises, span access and core networks, support multimedia and business-critical applications, and help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people with information. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news. HONG KONG, December 5 /PRNewswire/ -- Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates ", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Nortel's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different. Further, actual results or events could differ materially from those contemplated in forward-looking statements as a result of the following (i) risks and uncertainties relating to Nortel's restatements and related matters including: Nortel's most recent restatement and two previous restatements of its financial statements and related events; the negative impact on Nortel and NNL of their most recent restatement and delay in filing their financial statements and related periodic reports; legal judgments, fines, penalties or settlements, or any substantial regulatory fines or other penalties or sanctions, related to the ongoing regulatory and criminal investigations of Nortel in the U.S. and Canada; any significant pending civil litigation actions not encompassed by Nortel's proposed class action settlement; any substantial cash payment and /or significant dilution of Nortel's existing equity positions resulting from the approval of its proposed class action settlement; any unsuccessful remediation of Nortel's material weaknesses in internal control over financial reporting resulting in an inability to report Nortel's results of operations and financial condition accurately and in a timely manner; the time required to implement Nortel's remedial measures; Nortel's inability to access, in its current form, its shelf registration filed with the United States Securities and Exchange Commission (SEC), and Nortel's below investment grade credit rating and any further adverse effect on its credit rating due to Nortel's restatements of its financial statements; any adverse affect on Nortel's business and market price of its publicly traded securities arising from continuing negative publicity related to Nortel's restatements; Nortel's potential inability to attract or retain the personnel necessary to achieve its business objectives; any breach by Nortel of the continued listing requirements of the NYSE or TSX causing the NYSE and/or the TSX to commence suspension or delisting procedures; (ii) risks and uncertainties relating to Nortel's business including: yearly and quarterly fluctuations of Nortel's operating results; reduced demand and pricing pressures for its products due to global economic conditions, significant competition, competitive pricing practice, cautious capital spending by customers, increased industry consolidation, rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles, and other trends and industry characteristics affecting the telecommunications industry; the sufficiency of recently announced restructuring actions, including the potential for higher actual costs to be incurred in connection with these restructuring actions compared to the estimated costs of such actions and the ability to achieve the targeted cost savings and reductions of Nortel's unfunded pension liability deficit; any material and adverse affects on Nortel's performance if its expectations regarding market demand for particular products prove to be wrong or because of certain barriers in its efforts to expand internationally; any reduction in Nortel's operating results and any related volatility in the market price of its publicly traded securities arising from any decline in its gross margin, or fluctuations in foreign currency exchange rates; any negative developments associated with Nortel's supply contract and contract manufacturing agreements including as a result of using a sole supplier for key optical networking solutions components, and any defects or errors in Nortel's current or planned products; any negative impact to Nortel of its failure to achieve its business transformation objectives, including completion of the sale of its UMTS access business to Alcatel-Lucent; additional valuation allowances for all or a portion of its deferred tax assets; Nortel's failure to protect its intellectual property rights, or any adverse judgments or settlements arising out of disputes regarding intellectual property; changes in regulation of the Internet and/or other aspects of the industry; Nortel's failure to successfully operate or integrate its strategic acquisitions, or failure to consummate or succeed with its strategic alliances; any negative effect of Nortel's failure to evolve adequately its financial and managerial control and reporting systems and processes, manage and grow its business, or create an effective risk management strategy; and (iii) risks and uncertainties relating to Nortel's liquidity, financing arrangements and capital including: the impact of Nortel's most recent restatement and two previous restatements of its financial statements; any inability of Nortel to manage cash flow fluctuations to fund working capital requirements or achieve its business objectives in a timely manner or obtain additional sources of funding; high levels of debt, limitations on Nortel capitalizing on business opportunities because of support facility covenants, or on obtaining additional secured debt pursuant to the provisions of indentures governing certain of Nortel's public debt issues and the provisions of its support facility; any increase of restricted cash requirements for Nortel if it is unable to secure alternative support for obligations arising from certain normal course business activities, or any inability of Nortel's subsidiaries to provide it with sufficient funding; any negative effect to Nortel of the need to make larger defined benefit plans contributions in the future or exposure to customer credit risks or inability of customers to fulfill payment obligations under customer financing arrangements; any negative impact on Nortel's ability to make future acquisitions, raise capital, issue debt and retain employees arising from stock price volatility and further declines in the market price of Nortel's publicly traded securities, or the share consolidation resulting in a lower total market capitalization or adverse effect on the liquidity of Nortel's common shares. For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form 10-K/A, Quarterly Reports on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. ots Originaltext: Nortel Networks Im Internet recherchierbar: http://www.presseportal.ch Contact: For further information: Zoe Chan, +852-2100-4375, zoechan@nortel.com

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