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Nortel Wireless Mesh Network Powers 2006 Intelligent Community of the Year

  • 28 June, 2006 14:42

<p>Taipei City, Nortel to Share Broadband Vision at 2006 Digital Cities Convention</p>
<p>TAIPEI, Taiwan – The Taipei City Government and Nortel* [NYSE/TSX: NT] will share the experience of creating city-wide broadband wireless networks to drive productivity and power commerce with civic and business leaders from around the world at the 2006 Digital Cities Convention in Taipei, June 28-30.</p>
<p>Earlier this month in New York, competing against six other cities, Taipei was awarded the ‘2006 Intelligent Community of the Year’ by the Intelligent Community Forum (ICF) in recognition of its transformation into a wireless cyber-city. ICF is a nonprofit organization formed in 2000 by the World Teleport Association. ICF focuses on job creation and economic development in the broadband economy.</p>
<p>When implementation is completed in 2006, Taipei expects to provide coverage for 90 percent of its population via 5,000 access points deployed across the city’s 272 square kilometers. Nortel provided the urban wireless broadband infrastructure, based on its Wireless Mesh Network Solution, and installation, optimization and maintenance services from the Nortel Global Services portfolio.</p>
<p>“An essential component of an ‘Intelligent Community’ is providing citizens, enterprises and government departments with a comprehensive wireless broadband infrastructure that allows instant ‘anywhere, anytime’ high-speed access to increasingly ubiquitous digital applications and services,” said Michael Pangia, president, Asia, Nortel. “The selection of Taipei City as 2006 Intelligent Community of the Year strengthens Nortel's commitment to working with government, business and educational institutions to make Taiwan an international showcase for wireless broadband innovation.”</p>
<p>The 2006 Digital Cities Convention in Taipei will provide an opportunity for mayors, executives, government officials, community organizations and research institutes from other countries to observe, in action, a wireless broadband infrastructure that is among the most closely watched in the world. Through keynote speakers – including Michael Pangia – panel discussions and case studies, participants will be presented with a complete update on broadband wireless technologies and applications, as well as first-hand experience in how they can be deployed to foster social and economic development.</p>
<p>Nortel is keenly focused on WiMAX, an emerging wireless technology designed to cost-effectively extend the reach of existing access networks, as well as deliver significant improvements in speed, throughput and capacity. Nortel is a member of the WiMAX Forum and has contributed to the 802.16 standard by helping develop underlying technologies like OFDM and MIMO for more than seven years. It also holds several key patents in these areas.</p>
<p>In Taiwan, Nortel is supporting dominant service provider Chunghwa Telecom in the deployment of a new WiMAX Trial Park, trialing WiMAX at the National Taiwan University, and recently announced the establishment of a Center of Excellence for WiMAX Devices. Through this center Nortel will enhance collaboration with local vendors both in furthering WiMAX as an integral component in the government’s ongoing island-wide Mobile Taiwan (M-Taiwan) initiative and in promoting global WiMAX device availability.</p>
<p>Nortel has designed, installed and launched more than 300 wireless networks in over 70 countries. Nortel was the industry's first supplier with wireless networks operating in all advanced radio technologies and is the only end-to-end provider of all next generation wireless solutions.</p>
<p>About Nortel</p>
<p>Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world’s most critical information. Our next-generation technologies, for both service providers and enterprises, span access and core networks, support multimedia and business-critical applications, and help eliminate today’s barriers to efficiency, speed and performance by simplifying networks and connecting people with information. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.</p>
<p>Certain statements in this press release may contain words such as “could”, “expects”, “may”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “envisions”, “seeks” and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Nortel’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different. Further, actual results or events could differ materially from those contemplated in forward-looking statements as a result of the following (i) risks and uncertainties relating to Nortel’s restatements and related matters including: Nortel’s most recent restatement and two previous restatements of its financial statements and related events; the negative impact on Nortel and NNL of their most recent restatement and delay in filing their financial statements and related periodic reports; legal judgments, fines, penalties or settlements, or any substantial regulatory fines or other penalties or sanctions, related to the ongoing regulatory and criminal investigations of Nortel in the U.S. and Canada; any significant pending civil litigation actions not encompassed by Nortel’s proposed class action settlement; any substantial cash payment and/or significant dilution of Nortel’s existing equity positions resulting from the finalization and approval of its proposed class action settlement, or if such proposed class action settlement is not finalized, any larger settlements or awards of damages in respect of such class actions; any unsuccessful remediation of Nortel’s material weaknesses in internal control over financial reporting resulting in an inability to report Nortel’s results of operations and financial condition accurately and in a timely manner; the time required to implement Nortel’s remedial measures; Nortel’s inability to access, in its current form, its shelf registration filed with the United States Securities and Exchange Commission (SEC), and Nortel’s below investment grade credit rating and any further adverse effect on its credit rating due to Nortel’s restatements of its financial statements; any adverse affect on Nortel’s business and market price of its publicly traded securities arising from continuing negative publicity related to Nortel’s restatements; Nortel’s potential inability to attract or retain the personnel necessary to achieve its business objectives; any breach by Nortel of the continued listing requirements of the NYSE or TSX causing the NYSE and/or the TSX to commence suspension or delisting procedures; (ii) risks and uncertainties relating to Nortel’s business including: yearly and quarterly fluctuations of Nortel’s operating results; reduced demand and pricing pressures for its products due to global economic conditions, significant competition, competitive pricing practice, cautious capital spending by customers, increased industry consolidation, rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles, and other trends and industry characteristics affecting the telecommunications industry; any material and adverse affects on Nortel’s performance if its expectations regarding market demand for particular products prove to be wrong or because of certain barriers in its efforts to expand internationally; any reduction in Nortel’s operating results and any related volatility in the market price of its publicly traded securities arising from any decline in its gross margin, or fluctuations in foreign currency exchange rates; any negative developments associated with Nortel’s supply contract and contract manufacturing agreements including as a result of using a sole supplier for key optical networking solutions components, and any defects or errors in Nortel’s current or planned products; any negative impact to Nortel of its failure to achieve its business transformation objectives; additional valuation allowances for all or a portion of its deferred tax assets; Nortel’s failure to protect its intellectual property rights, or any adverse judgments or settlements arising out of disputes regarding intellectual property; changes in regulation of the Internet and/or other aspects of the industry; Nortel’s failure to successfully operate or integrate its strategic acquisitions, or failure to consummate or succeed with its strategic alliances; any negative effect of Nortel’s failure to evolve adequately its financial and managerial control and reporting systems and processes, manage and grow its business, or create an effective risk management strategy; and (iii) risks and uncertainties relating to Nortel’s liquidity, financing arrangements and capital including: the impact of Nortel’s most recent restatement and two previous restatements of its financial statements; any inability of Nortel to manage cash flow fluctuations to fund working capital requirements or achieve its business objectives in a timely manner or obtain additional sources of funding; high levels of debt, limitations on Nortel capitalizing on business opportunities because of credit facility covenants, or on obtaining additional secured debt pursuant to the provisions of indentures governing certain of Nortel’s public debt issues and the provisions of its credit facilities; any increase of restricted cash requirements for Nortel if it is unable to secure alternative support for obligations arising from certain normal course business activities, or any inability of Nortel’s subsidiaries to provide it with sufficient funding; any negative effect to Nortel of the need to make larger defined benefit plans contributions in the future or exposure to customer credit risks or inability of customers to fulfill payment obligations under customer financing arrangements; any negative impact on Nortel’s ability to make future acquisitions, raise capital, issue debt and retain employees arising from stock price volatility and further declines in the market price of Nortel’s publicly traded securities, or any future share consolidation resulting in a lower total market capitalization or adverse effect on the liquidity of Nortel’s common shares. For additional information with respect to certain of these and other factors, see Nortel’s Annual Report on Form 10-K/A, Quarterly Report on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</p>
<p>-end-</p>
<p>*Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.</p>

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