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Infinera Named Second Fastest-Growing Tech Company in North America
DTN System Achieves New Milestones in Revenue and Reliability
| Source: Infinera
SUNNYVALE, CA--(Marketwire - November 12, 2009) - Infinera (NASDAQ : INFN ) has been named the
second fastest-growing technology company in North America by Deloitte LLP.
Infinera ranked second in the Technology Fast 500™, Deloitte's ranking
of the fastest-growing technology, media, telecommunications, life sciences
and clean technology companies in North America. Rankings are based on
fiscal year GAAP revenue growth during the five-year period from 2004 to
2008.
"Technology Fast 500™ recognizes innovative companies that have broken
down barriers to success and defied the odds with their remarkable
five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S.
Technology, Media and Telecommunications leader, Deloitte LLP. "We
congratulate Infinera on this accomplishment." Deloitte LLP is one of the
world's largest accounting and consulting firms.
In addition, the Infinera DTN achieved several significant milestones
showing its worldwide acceptance as a highly reliable platform carrying
voice, video, and data traffic for a broad range of leading telecom
operators. Infinera's photonic integrated circuits (PICs) have now
surpassed a cumulative total of 200 million hours of operation in live
networks worldwide with no chip failures. This reliability rate for the PIC
(with more than 50 devices) is equivalent to or better than the reliability
of a single telecom-grade laser, evidence of the very high reliability of
Infinera's photonic integration technology and indicates very significant
benefits to overall network reliability.
Billion-Dollar Product
In Q3 2009, Infinera surpassed the $1 billion mark in cumulative revenue
for its flagship product, the Infinera DTN, signifying the commercial
success of the industry's first PIC-based optical networking platform. The
Infinera DTN has now been deployed on network routes spanning more than
500,000 fiber route-kilometers. These milestones attest to the success of
Infinera's Digital Optical Networks architecture, based on large-scale
photonic integration technology.
"When we introduced the digital paradigm to optical networks in 2004, it
ran counter to the all-optical paradigm then prevailing, and still
prevailing, among our competitors," commented Infinera CEO Jagdeep Singh.
"These gratifying indicators of our success show that our customers have
recognized the value that PIC-based Digital Optical Networks can bring to
their networks and their businesses.
"We are not resting on our laurels," Mr. Singh added. "We are working hard
to bring this new paradigm to our forthcoming next-generation products and
new segments of the optical networking market."
Infinera's current PICs integrate 60 optical elements including lasers,
modulators, and other optical devices onto a pair of monolithic chips with
a total capacity per chip of 100 Gigabits/second (Gb/s). Infinera's
next-generation PICs will be designed to integrate more than 400 optical
elements onto a pair of chips with total capacity of 400 Gb/s. The high
level of integration enables Infinera optical systems to deliver
significant advantages in scalability, cost, space consumption, power
consumption, and reliability. Infinera achieved high PIC reliability
through an early and sustained focus on design for manufacturability and
carrier-grade reliability. Infinera's PICs are manufactured and extensively
tested at its own fab in Sunnyvale, California.
Infinera's Digital Optical Networks architecture delivers greater speed,
flexibility, and simplicity of operations through the deployment of a large
pool of pre-deployed bandwidth and powerful software-based intelligent
bandwidth management. The Infinera family of optical solutions includes the
Infinera DTN, the first optical system based on large-scale photonic
integrated circuits, and the Infinera ATN, a compact metro edge platform
that extends the benefits of Infinera's Digital Optical Networks to the
metro edge.
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 DTN achieved several significant milestones showing
its worldwide acceptance as a highly reliable platform for a broad range of
leading telecom operators; that that the PIC reliability rate is
equivalent to or better than the reliability of a single telecom-grade
laser, evidence of the very high reliability of Infinera's photonic
integration technology and indicates very significant benefits to overall
network reliability; that surpassing $1 billion mark in cumulative revenue
for the DTN, signifies the commercial success of the industry's first
PIC-based optical networking platform; that the digital paradigm to optical
networks ran counter to the all-optical paradigm then prevailing, and still
prevailing, among our competitors; that our success shows that our
customers have recognized the value that PIC-based Digital Optical Networks
can bring to their networks and their businesses; that Infinera's
next-generation PICs will be designed to integrate more than 400 optical
elements onto a pair of chips with total capacity of 400 Gb/s; that the
high level of integration enables our systems to deliver significant
advantages in scalability, cost, space consumption, power consumption, and
reliability; that we achieved high PIC reliability through an early and
sustained focus on design for manufacturability and carrier-grade
reliability; that Infinera's Digital Optical Networks architecture delivers
greater speed, flexibility, and simplicity of operations; and that the ATN
is a compact metro edge platform that extends the benefits of Infinera's
Digital Optical Networks to the metro edge. 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, our manufacturing process is very complex,
product performance problems we may encounter, our dependence on sole or
limited source suppliers, our ability to respond to rapid technological
changes, our ability to maintain effective internal controls, the ability
of our contract manufacturers to perform as we expect, a new technology
being developed that replaces the PIC as the dominant technology in optical
networks, general political, economic and market conditions and events,
including war, conflict or acts of terrorism; and other risks that may
impact Infinera's business are set forth in our annual report Form 10-K,
which was filed with the SEC on February 17, 2009, 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.