ATHENS, June 18, 2001 ¾ Clarent® Corporation (Nasdaq: CLRN), a leading provider of softswitch and Internet Protocol (IP) communications solutions, and Ideal Telecom AE, a pioneer voice and data communications company in Greece, today announced a strategic agreement regarding Ideal Telecom's purchase of Clarent IP communication solutions. Ideal Telecom provides integrated telecommunications services to the Greek domestic and international market. With the purchase of new hardware and software from Clarent, Ideal Telecom will be able to offer more comprehensive voice-over IP network facilities and services.
"As one of the leading providers of alternative telecommunications systems in Greece, we offer VoIP services at very competitive prices," said Costas Vasilatos, product manager, Ideal Telecom AE. "By selecting Clarent, we believe we are in the best position to achieve that goal."
The strategic agreement covers the purchase by Ideal Telecom of Clarent products including Clarent Gateways 400 and 1200, the Clarent softswitch comprised of the Clarent Command Center™ and the Clarent Gatekeeper. They are also purchasing the infrastructure necessary for interfacing Ideal Telecom with other telecommunications carriers' networks through SS7. Currently, Ideal Telecom has installed a network of seventeen Clarent Gateways throughout Greece in Athens, Thessaloniki, Larissa, Patras, Heraklion (Crete), Kavala, Volos, Agrinio, Rhodes, Chios, Corfu, Argos, Halkis, Chania (Crete), Mykonos, Ioannina, and Ptolemais. Ideal Telecom intends to enlarge that network within the next two years.
"We are pleased to advance our relationship with Ideal Telecom through this strategic agreement," said John Caradimas, general manager, Greece, Clarent Corporation. "Ideal Telecom's relationship with Clarent illustrates how IP communications are revolutionizing the business model for telecommunications service providers. Clarent's solutions are enabling companies like Ideal Telecom to build networks quickly, to create an instant market presence and realize a return on their investments more rapidly than with traditional networks."
Clarent Corporation (Nasdaq: CLRN) is the world leader in providing intelligent, software-driven products for new generation, IP-based communications networks. Clarent solutions enable interconnection among communications service providers' disparate networks and foster the creation of global footprints for more than 350 telecom service providers worldwide, including AT&T, NTT and China Telecom. Clarent's software platform encourages innovation by allowing carriers to develop multiple new features for consumers and enterprises. Founded in 1996, Clarent is headquartered in Redwood City, Calif. and has offices in Asia, Europe, Latin America and North America. To learn more about Clarent, visit its Web site at http://www.clarent.com.
Forward Looking Statements
This release may contain forward-looking statements that involve risks and uncertainties, including statements about the expected development of market demand for IP communications in Greece. These statements involve risks and uncertainties, including risks and uncertainties associated with the future demand for and adoption of IP communications in Greece as well as potential issues relating to interoperability, inability to introduce new products, ability to retain Ideal Telecom as a customer, changes in market conditions, government regulations, the international communications industry, technological changes and other factors, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. These risks and uncertainties are described further in the risk factors discussed in Clarent's periodic filings with the SEC.
Clarent, the Clarent logo, Clarent OpenAccess, NetPerformer, DynaStar, Clarent Command Center, Clarent ThroughPacket, Clarent CPG, Clarent OpenAccess, PowerCell, SkyPerformer, ACTview and ServiceXchange are trademarks or registered trademarks, and "The Clearer. The Better" is a service mark of Clarent Corporation in the United States and other jurisdictions. All other trademarks, registered trademarks and service marks are the property of their respective owners.
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Nicola Males / Melanie Tonkin
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