Mpower Communications Expands Deployment of Copper Mountain's VantEdge Broadband Remote Access Server As Strategic Broadband Aggregation Hubs
LOS ANGELES & PALO ALTO, CA—AUGUST 26, 2004—Copper Mountain Networks, Inc. (Nasdaq: CMTN), a leading provider of intelligent broadband access solutions, today announced that Mpower Communications (AMEX:MPE), a leading facilities-based broadband communications provider, will expand its deployment of the VantEdge 3000 Broadband Remote Access Server (BRAS) equipment throughout its markets in California, Illinois and Nevada.
"Deploying a cost-effective network infrastructure with the capacity to support a wide range of IP services is a key component of Mpower's growth strategy. Our initial VantEdge deployment enabled Mpower to reduce monthly operating costs while positioning us to further capitalize on the rapidly growing demand for IP-based voice and data services," said Joe Wetzel, President and Chief Operating Officer at Mpower. "With our focus on growth and profitability, VantEdge helps position us to both effectively manage network costs while enabling us to offer customers exciting new broadband services very cost effectively. This is especially important as our network grows and evolves, providing mission-critical services for our customers in a highly competitive environment."
VantEdge enables service providers to reduce the cost of scaling their networks while adding IP capabilities which are critical for the provision of advanced voice, video and data services. For example, VantEdge's high density T1 Inverse Multiplexing over ATM (IMA) capability enables service providers to aggregate traffic from a wide range of broadband access platforms, substantially reducing recurring operating expenses such as monthly backhaul costs. In addition, VantEdge features such as Transparent Virtual Routing enable carriers to deploy IP intelligence at the edge of their access networks—rapidly and cost-effectively.
"As a leading, innovative provider of broadband services, Mpower requires solutions that meet stringent cost, reliability, and functionality requirements," said Rick Gilbert, Chairman and Chief Executive Officer of Copper Mountain. "VantEdge has reduced Mpower's monthly operating costs while adding important IP capabilities to the network. We are delighted that Mpower has selected the VantEdge for additional deployments."
About Copper Mountain Networks
Copper Mountain Networks, Inc. (Nasdaq: CMTN) is a leading provider of intelligent broadband access solutions. The company offers a broad set of subscriber access and broadband remote access server (BRAS) equipment for ILECs, IXCs, PTTs, CLECs, IOCs, and other facilities-based carrier networks worldwide. These products enable efficient and scalable deployment of advanced voice, video, and data services while leveraging existing network infrastructures and reducing both capital and operational costs. Copper Mountain's products have been proven in some of the world's largest broadband network deployments. For more information, please visit the company's World Wide Web site at http://www.coppermountain.com. For investor relations information, contact us at 858.410.7110 or IR@coppermountain.com.
About Mpower Communications
Mpower Communications (AMEX: MPE) is a facilities-based broadband communications provider established in 1996. Mpower offers 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.
Copper Mountain Networks Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events based on current expectations and are subject to risks and uncertainties, such as statements regarding Copper Mountain's unproven operating plan and customer acceptance of Copper Mountain's products. 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: our ability to successfully introduce and commercialize the VantEdge product and the market acceptance of this product; our ability to form and maintain successful marketing and distribution relationships with strategic partners, value-added resellers and other distribution partners; our ability to penetrate the incumbent local exchange carrier (ILEC), inter-exchange carrier (IXC), international postal, telephone and telegraph (PTT), and independent operating company (IOC) service provider markets with the VantEdge product; our ability to commence and successfully complete laboratory trials with our current and prospective customers; our ability to realize sufficient revenues in the future to sustain our operations or achieve profitability on an annual or quarterly basis; the need for additional financing and risks related to obtaining adequate financing in the current market environment; factors which could affect our profit margins or lead to increased expenses; factors affecting the demand for DSL and other broadband technologies; general economic conditions, and the extent and timing of the economic recovery, which are beyond Copper Mountain's ability to control. Prospective investors are cautioned not to place undue reliance on such forward-looking statements. Further, Copper Mountain expressly disclaims any obligation to update or revise any forward-looking statements contained herein to reflect future events or developments after the date hereof. 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, 2003 and other reports and filings made and to be made with the Securities and Exchange Commission, including, but not limited to, our Quarterly Reports on Form 10-Q.
Mpower Holding Corporation Forward-Looking Statements
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, certain statements contained in this press release regarding our and/or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. These forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to, sales growth, changes in federal or state telecommunications regulations, market acceptance of our product and service offerings, the liquidity of our common stock, our ability to secure adequate financing or equity capital to fund our operations and network expansion, our ability to manage growth and maintain a high level of customer service, the performance of our network and equipment, our ability to enter into strategic alliances or transactions, the cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment, regulatory approval processes, the effect of regulatory decisions on our access charges and operating costs, changes in technology, price competition and other market conditions and risks detailed from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise.
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