MPOWER SELECTS COPPER MOUNTAIN'S VANTEDGE ACCESS BRAS FOR MULTI-STATE DEPLOYMENT
Leading Facilities-based Broadband Communications Provider Plans to Use VantEdge Systems as Strategic Broadband Aggregation Hubs To Drive Significant Reduction in Monthly Operating Expenses
PALO ALTO, Calif.,—September 16, 2003—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, has selected the VantEdge 3000 Access BRAS for a multi-state deployment.
Mpower intends to deploy VantEdge systems in several markets in California and Illinois as strategic broadband aggregation hubs to reduce monthly operating costs. Specifically, Mpower will deploy the VantEdge systems to aggregate its existing CopperEdge DSLAMs using the VantEdge's high density T1 Inverse Multiplexing over ATM (IMA) capability. This effort is expected to substantially reduce monthly backhaul costs, primarily those associated with recurring bandwidth charges.
"As our broadband access network evolves and grows, we are constantly looking for innovative solutions to improve performance and reduce operating costs," said Joe Wetzel, President and Chief Operating Officer at Mpower. "Copper Mountain's VantEdge Access BRAS will enable us to more efficiently perform broadband aggregation, and we expect the payback on the equipment to be less than six months."
"Mpower's deployment of the VantEdge is a perfect example of how distributing purpose-built BRAS functionality into broadband access networks can improve performance and offer a rapid return on investment," said Rick Gilbert, Chairman and Chief Executive Officer at Copper Mountain. "Mpower has a history of innovation in broadband capabilities and services, and we are pleased they have selected the VantEdge as their strategic broadband aggregation platform."
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 www.coppermountain.com. For investor relations information, contact us at 858.410.7110 or IR@coppermountain.com.
About Mpower Holding Corporation
Mpower Holding Corporation (AMEX:MPE) is the parent company of Mpower Communications, a leading facilities-based broadband communications provider offering a full range of data, Internet access and Web hosting services as well as local, domestic and international calling plans for 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. These forward-looking statements and other statements, such as statements regarding Copper Mountain's operating plan and financial projections and the capabilities of Copper Mountain's products, the market opportunities for such products including, but not limited to, the subscriber management device market opportunity, and acceptance and deployment of these products by customers including but not limited to Mpower Holding Corporation, are subject to risks and uncertainties. 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 our products; our ability to penetrate the independent operating company (IOC), incumbent local exchange carrier (ILEC), inter-exchange carrier (IXC), and international postal, telephone and telegraph (PTT) service provider markets with our products; our ability to initiate and successfully complete laboratory trials with our current and prospective customers; our ability to compete effectively with other vendors of telecommunications equipment; our ability to keep pace with rapidly changing product requirements; and factors affecting the demand for DSL technologies, subscriber management technologies, and other broadband access technologies. Prospective investors are cautioned not to place undue reliance on such statements. Further, Copper Mountain expressly disclaims any obligation to update or revise any forward-looking statements or other 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, 2002, and other reports and filings made with the Securities and Exchange Commission.
Mpower Holding Corporation Forward-Looking Statements
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Mpower Holding Corporation cautions investors that certain statements contained in this press release that state 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 from those projected as a result of risks and uncertainties including, but not limited to, receipt of all remaining payments from the previously announced asset sales, future sales growth, market acceptance of our product offerings, our ability to secure adequate financing or equity capital to fund our operations, 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, changes in technology, price competition and other market conditions and risks detailed from time to time in our Securities and Exchange Commission filings. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise.
