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ALAMEDA, Calif., May 3, 2004 /PRNewswire-FirstCall via COMTEX/ -- UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP access networking and services, today announced a new contract valued at approximately $21.5 million with Chunghwa Telecom Co., Ltd., the leading telecom service provider in Taiwan. Chunghwa will employ UTStarcom's NetRing(TM) multi-service optical transport products, which were announced in Q4 2003, to deliver high-density, high-speed broadband services, including voice, data, and video, to subscribers throughout Taiwan. Under the terms of the contract, UTStarcom will provide the optical equipment and Siemens will handle installation, maintenance, and third-party services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031229/UTSLOGO )
"UTStarcom has developed a reputation as a worldwide leader in wireless and wireline access," said Joe Ye, general manager of UTStarcom in Taiwan. "The NetRing product diversifies our access solution portfolio and is designed to give our carrier customers room to substantially grow their subscriber bases for voice, data, and video services, without having to worry about problems of service efficiency."
Chunghwa, which currently has more than three million ADSL broadband subscribers, recently introduced a broadband Multimedia On Demand (MOD) application, which attracted more than 30,000 subscribers in the first month. Use of UTStarcom's NetRing products will enable the company to expand its broadband applications and help reach the goal of six million subscribers set by the Taiwan government.
Carrier-Class Edge Aggregation, Grooming, and Transport
UTStarcom's NetRing products provide aggregation, grooming, cross-connect, and transport to deliver high-density, highly efficient STM-1 to STM-64, PDH (E1, E3), Fast Ethernet, and Gigabit Ethernet services in SDH-based carrier networks. All systems support full-redundancy, multiple protection options, and in-service upgrades.
The NetRing product family is based on a distributed architecture that combines Add-Drop Multiplexing (ADM), Digital Cross-Connect System (DCS), and Ethernet switching functionality into an integrated, "pay-as-you-grow" multi- service system.
The NetRing optical solutions from UTStarcom are among the first to support virtual concatenation, based on relevant ITU standards. With this functionality, carriers can have provisioning granularity in any STS/VC increment, dramatically improving Ethernet/IP transport efficiency across SDH networks. UTStarcom's NetRing products support advanced EoS protocols, such as Generic Framing Procedure (GFP), which provides standards-based data encapsulation for efficient mapping of a wide variety of data protocols, including Ethernet, ESCON, FICON, Fibre Channel, and digital video into SDH. Built-in Ethernet management functionality enables carriers to apply traffic shaping and limiting policies on a per-port or per-traffic-flow basis for point-to-point Ethernet, Ethernet aggregation, Layer 2 switching, and Ethernet VLAN applications. Statistical multiplexing capability allows native Ethernet/data switching and oversubscription.
NetRing 600, 2500, and 10000 products comply with ETSI telecom standards for SDH deployment.
About Chunghwa Telecom Co., Ltd.
Chunghwa Telecom is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed line services, mobile services and Internet and data services to residential and business customers in Taiwan. Further information about Chunghwa Telecom may be found on the Internet at www.cht.com.tw.
About UTStarcom, Inc.
UTStarcom is a global leader in IP access networking solutions and international service and support. The company sells its wireline, wireless, optical and switching solutions to operators in both fast growth and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in New Jersey, China, and India. UTStarcom is a FORTUNE 1000 company.
For more information about UTStarcom, visit the company's Web site at www.utstar.com.
Forward-Looking Statements
The foregoing statements regarding, without limitation, the anticipated activities and results of the partnership with Chunghwa and Siemens and Chunghwa's ability to increase the number of its subscribers are forward- looking in nature and are subject to risks and uncertainties that may cause actual results to differ materially. These factors include rapidly changing technology, the rapidly changing nature of Taiwan's and Asia's telecommunications markets, possible delays in system deployments or product introductions, possible downturns in the telecommunications markets of Taiwan, Asia generally and worldwide, the termination of new contracts, partnerships or alliances, and other uncertainties, such as changes in government regulation and licensing requirements and economic and political stability in Taiwan and Asia generally. The Company also refers readers to the risk factors identified in its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the Securities and Exchange Commission.
SOURCE UTStarcom, Inc.
Michael J. Sophie, Sr. Vice President of Finance and CFO of UTStarcom, +1-510-749-1510; or Stephanie Gallagher of Engage PR, +1-510-748-8200, ext. 213, or stephanie@engagepr.com, for UTStarcom /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20031229/UTSLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com
http://www.utstar.com
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