Infinera Named Second Fastest-Growing Tech Company in North America
November 12 2009 - 12:00PM
Marketwired
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(TM), 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(TM) 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.
For media and analysts: Media: Jeff Ferry Tel. (408) 572-5213
jferry@infinera.com Investors: Bob Blair Tel. (408) 716-4879
bblair@infinera.com
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