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November 5, 2003
L.A. Department of Water and Power Fosters Community Development with Nortel Networks Optical Enterprise Solutions for Utility Services
OTTAWA, Ontario – The Los Angeles Department of Water and Power (LA DWP) has deployed a metropolitan optical network solution from Nortel Networks* [NYSE/TSX: NT] to provide optical broadband services to city departments, carriers, Internet Service Providers and enterprises in the Greater Los Angeles Area.
This new network – dubbed Los Angeles Optical Network or LAON – provides resilient, high-speed, on-demand access to virtually unlimited bandwidth for support of community and economic development initiatives. To bring optical broadband services to the Greater Los Angeles area, which ranks as the 12th largest economy in the world, LA DWP has deployed Nortel Networks Passport* 8600 Routing Switches, Nortel Networks OPTera* Metro 3500 Multiservice Platform, and Nortel Networks OPTera Connect DX Optical Switches to create a flexible, reliable, responsive network that connects approximately 150 buildings spanning more than 300 miles. “As a city department, we seek new ways to serve our community,” said Bruce Hamer, director of the Los Angeles DWP Fiber Optic Enterprise. “Our optical network gives us a unique opportunity to leverage the assets we have as an electric and water utility to accelerate business development and improve community services in Los Angeles. Because LAON will generate economic growth for the community, it was vital that it be of the highest reliability, speed and capacity – features found in the optical solutions from Nortel Networks.” “Utility and Energy Service companies have a unique benefit with optical solutions from Nortel Networks because they deploy the solutions both as enterprises and as emerging service providers,” said Steve Schilling, president, Enterprise Accounts, Nortel Networks. “LA DWP will be able to increase the bandwidth and performance of its own network, while cost-effectively delivering converged voice, data and video services.” “LA DWP will also be able to leverage existing assets to foster increased communications and collaboration between city departments, as well as to make optical broadband services available to a broader customer base – thus promoting economic development in the community,” Schilling said. As part of Nortel Networks enterprise technology vision, “One Network. A World of Choice,” Nortel Networks optical solutions for the enterprise offer an unmatched scalable, simple and resilient infrastructure to increase the competitiveness of enterprises as they seek a profitable and responsive business model for serving their clients and customers. Nortel Networks provides a complete set of simple, scalable and secure Optical Enterprise solutions to assist the utility sector in maximizing their networking investment by increasing bandwidth, improving network resiliency and providing new service opportunities. By implementing these solutions, utilities can achieve reduced network complexity and improved total cost of ownership by converging multiple disparate networks over a common infrastructure. Additionally, they can leverage their assets to generate new revenue opportunities through the delivery of next generation Optical Broadband Services including Optical Ethernet and storage connectivity. Nortel Networks comprehensive Optical Ethernet portfolio – including OPTera Metro Multiservice Platforms, OPTera Long Haul Optical Line Systems, OPTera Connect Optical Switches and Ethernet Service Switches – enables delivery of Ethernet services across service provider and enterprise networks. Nortel Networks is the only vendor that provides a complete set of Ethernet services via Ethernet over fiber, Ethernet over SONET/SDH and Ethernet over WDM. Deployed in more than 1,000 customer networks in 65 countries, Nortel Networks end-to-end optical network portfolio includes next generation SONET/SDH, optical switching products, photonics (WDM) and Optical Ethernet products. Nortel Networks was #1 worldwide in market share for the Ethernet DWDM and SONET MSPP segments of the Optical Ethernet market for 2002, according to IDC. Nortel Networks is an industry leader and innovator focused on transforming how the world communicates and exchanges information. The Company is supplying its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical Networks. As a global company, Nortel Networks does business in more than 150 countries. More information about Nortel Networks can be found on the Web at www.nortelnetworks.com. Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the completion of the comprehensive review and the release of financial results and issuance of restated financial statements for 2000, 2001 and 2002 and the first and second quarters of 2003; the severity and duration of the industry adjustment and the continued reductions in spending by our customers; the sufficiency of our restructuring activities, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; fluctuations in operating results and general industry, economic and market conditions and growth rates; negative impacts on our gross margins; the ability to recruit and retain qualified employees; fluctuations in cash flow, the level of outstanding debt and our current debt ratings; the ability to meet the financial covenant in our credit facilities; the use of cash collateral to support our normal course business activities; the dependence on our subsidiaries for funding; the impact of our defined benefit plans and our deferred tax assets on our results of operations, cash flows and compliance with our financial covenant; the ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization in the telecommunications industry; the dependence on new product development and our ability to predict market demand for particular products; the uncertainties of the Internet; the impact of the credit risks of our customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date or early settlement of our purchase contracts; the impact of the New York Stock Exchange minimum listing requirements and the proposed consolidation of our common shares; the impact of supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; the ability to obtain timely, adequate and reasonably priced component parts from suppliers and internal manufacturing capacity; the future success of our strategic alliances; and the adverse resolution of litigation and intellectual property disputes. For additional information with respect to certain of these and other factors, see the most recent Form 10-Q and Form 10-K filed by Nortel Networks with the United States Securities and Exchange Commission. Unless otherwise required by applicable securities laws, Nortel Networks disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. *Nortel Networks, the Nortel Networks logo, the Globemark, Business Without Boundaries, Passport and OPTera are trademarks of Nortel Networks. Contact for Press and Analysts:Carrie Kasten
Nortel Networks
(212) 317-4215
ckasten@nortelnetworks.com
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