Mpower Communications Extends Relationship With Copper Mountain As Its Primary Broadband DSL Equipment Provider
PALO ALTO, Calif., - February 20, 2001 - Copper Mountain Networks, Inc. (Nasdaq: CMTN), a leading provider of Digital Subscriber Line (DSL) solutions for business and residential users, and Mpower Communications Corp. (NASDAQ: MPWR), a provider of broadband data, Internet and telephony services to business customers, today announced that they are extending their partnership with a three-year agreement.
"Copper Mountain has helped equip our service delivery platform with the technology that enables us to offer business customers a complete package of voice and data solutions," said Joe Wetzel, President of Operations for Mpower Communications. "Over the past two years, Copper Mountain has provided us with great products and excellent customer support. We are very excited to extend our relationship."
Under the terms of the agreement, Copper Mountain will be Mpower's primary provider of DSL equipment in the company's central offices, remote terminals and customer site deployments. Mpower's integrated voice and high-speed data network encompasses more than 700 central office collocations and spans 40 major markets nationwide.
"Mpower is a leader in commercial broadband deployment and we are very pleased that it has selected Copper Mountain as its primary DSL equipment provider," said Rick Gilbert, chief executive officer of Copper Mountain. "Mpower understands that supporting and scaling the value-added services that will drive the broadband market necessitates a network infrastructure that provides IP intelligence and that's exactly what we're doing."
About Mpower Communications Corp.
Mpower Communications Corp. (Nasdaq: MPWR) is a facilities-based broadband communications provider offering a full range of data, telephony, Internet access and Web hosting services for small and medium-size business customers. Further information about the company can be found at
www.mpowercom.com.
About Copper Mountain Networks
Copper Mountain Networks, Inc. (Nasdaq: CMTN) manufactures DSL equipment for central office, digital loop and multi-tenant unit (MTU) broadband networks worldwide. Its DSL solutions enable carriers and service providers to deliver cost-effective, high-performance data and voice services over existing copper telephone wiring. Its CopperEdge® 200 DSL Concentrator is deployed in some of the world's largest public networks, and its environmentally hardened CopperEdge® RT (remote terminal) DSL Concentrator extends the reach of DSL to the millions of customers served by digital loop carriers (DLCs). Copper Mountain's OnPrem™ MTU Concentrator offers a cost-effective and scalable platform for MTU service providers. With IP IQ™, Copper Mountain's robust Internet Protocol (IP) service intelligence, service providers can maximize bandwidth utilization, support value-added broadband services, and scale to meet the demands of hundreds of thousands of subscribers. Copper Mountain's CopperRocket® CPE family and CopperCompatible® program ensure that Copper Mountain DSL concentrators are interoperable with the broadest range of customer premise equipment (CPE). Customers wanting more information about Copper Mountain products or office locations worldwide can contact Richard Washbourne at 1.650.67.3380 or visit the company's World Wide Web site at
www.coppermountain.com. For investor relations information, call toll free 1.877.INFO.CMTN (463.6268) or contact us at
IR@coppermountain.com.
# # #
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as factors which could affect future revenue and earnings. Copper Mountain wishes to caution you that there are some factors that could cause actual results to differ materially from the results indicated by such statements. These factors include, but are not limited to: rapid changes in the service provider landscape and among our CLEC customer base, quarterly fluctuations in operating results attributable to the timing and amount of orders for our products, factors affecting the rate of DSL deployment by our customers, market acceptance of our products, the concentration of our revenue in a small number of customers, our ability to penetrate the international, multi-tenant unit (MTU) and the incumbent telecommunications service provider (ILEC/IXC) market, risks related to integrating the operations and products of OnPrem Networks with our own operations and product offerings, risks related to our rapid growth, our ability to keep pace with rapidly changing product requirements, and factors affecting the demand for DSL technologies. We refer you to the documents Copper Mountain files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 1999 and other reports and filings made with the Securities and Exchange Commission.
Copper Mountain and all Copper Mountain product names are trademarks of Copper Mountain Networks, Inc. All other marks are the property of their respective owners.
Certain statements contained in this press release that state Mpower Communications and/or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. Management wishes to caution the reader these forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially as a result of risks and uncertainties including, but not limited to, projections of future sales, returns on invested assets, regulatory approval processes, market conditions and other risks detailed from time to time in Mpower's Securities and Exchange Commission filings.
