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RSTN Radstone Rfd

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Share Name Share Symbol Market Type Share ISIN Share Description
Radstone Rfd LSE:RSTN London Ordinary Share GB0033499590 ORD 12 1/2P (RFD 01/04/03)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dynavar and Riverstone Team to Build Next-Gen Ethernet Network for Remi Communications

11/10/2005 9:00pm

PR Newswire (US)


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SANTA CLARA, Calif. and BELLEVUE, Wash., Oct. 11 /PRNewswire-FirstCall/ -- Carrier Ethernet pioneer Riverstone Networks (RSTN.PK) and its newest reseller, Dynavar Networking, today announced that they have been selected by Remi Communications for an innovative, new end-to-end Virtual Private LAN Services (VPLS) network. The next-generation greenfield network will use the Riverstone solution to deliver advanced voice, video and data services to businesses. Remi plans its initial network deployment in western Pennsylvania followed quickly by expansion across the Commonwealth. Remi's longer-range goal is to expand its advanced network throughout the Northeast U.S. Remi will use the Riverstone 15008 Ethernet Edge Routers and later add the Riverstone 15100 Ethernet Access Routers to provide the network's multi- service infrastructure, delivering the rich bandwidth required for such commercial end-user applications as video conferencing, data networking and storage as well as Remi's Hosted IP-PBX and messaging solutions. The network will also employ a variety of last mile technologies -- wireless, DSL and fiber -- to give Remi's enterprise customers a greater range of service and redundancy options. Remi will utilize Dynavar's engineering support services in such areas as project management for collocation build-out and technology deployment timeline coordination. Taking advantage of the reliability derived from the Riverstone 15000 product line's ROS-X modular operating system, Remi will be able to provide its enterprise customers with high-quality, guaranteed Service Level Agreements (SLAs). "This network will redefine enterprises' service expectations, making excellence the standard, not the exception," said Dave Malfara, CEO, Remi Communications. "To do so, the network must not only offer the most sophisticated services, but the most reliable and manageable services as well. The strength of Riverstone's industry-leading carrier Ethernet technology along with the ability to scale our collocation buildout quickly through the use of Dynavar engineering support will allow us to meet SLAs far beyond those offered by the competition today." Using lines leased from the Local Exchange Carrier (LEC), Remi currently offers a variety of products and patent-pending service packages designed to save businesses upwards of 30 percent on their monthly service bills. With its own Ethernet-based network, Remi will be able to deliver an even greater array of new-world business services while maintaining its hallmark price levels. "Carrier Ethernet is fundamentally changing how service providers compete, making it easier for smaller companies to enter markets and allowing established providers to inexpensively extend their services to new markets," said Dan Middleton, General Manager and Vice President of Sales, North America, Riverstone Networks. "The emergence of powerful, carrier-grade platforms like the Riverstone 15000 family is making it possible for carriers of all sizes to offer high-quality services." Remi Communications is a regional telecommunications service provider offering a variety of voice, data and messaging services to meet the specific needs of small, medium and large-scale enterprise customers in Pennsylvania. For more information on Remi Communications, please visit http://www.remicommunications.com/. Dynavar Networking is a systems integrator delivering multi-vendor, customer-driven voice switching, video and data solutions across the Americas and around the world. As a well-established company, they offer reliable, best-of-breed customized services to meet diverse customer needs. Since 1994, Dynavar has built a solid reputation for crafting integrated solutions around superior technologies. Along with a full range of solutions, Dynavar provides sales consulting, customer support, and a full range of engineering and installation services. For more information, visit Dynavar Networking at http://www.dynavar.com/. Riverstone Networks, Inc. is a leading provider of carrier Ethernet infrastructure solutions for business and residential communications services. Riverstone's Ethernet router portfolio uniquely delivers the reliability that allows carriers to meet the triple play -- voice, video and data -- service requirements of their customers in a cost-effective and scalable way. Riverstone allows carriers to offer new services over existing revenue- generating networks permitting them to evolve to a next generation Ethernet infrastructure. Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements regarding Remi's intent or ability to offer complex services on the network it designed, to guarantee SLAs which Riverstone has had no part in developing, to meet customer expectations, to maintain its current range of customer service pricing and cost-savings and to offer service levels beyond those offered by competitors , and the ability of the Riverstone 15000 family of products to perform in networks yet to be deployed by Remi are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include the ability of networks designed by parties other than Riverstone to function properly under all situations as they are used by end customers, the expectations set with end-user customers of carriers by parties other than Riverstone, future changes in customer deployment plans of which Riverstone is currently unaware, unforeseen delays in commercial release of the Riverstone 15100 product, costs to manufacture or procure components for the Riverstone 15100 as well as competition and regulatory changes that could affect pricing, development delays on the Riverstone 15100 that could impact which features are available immediately upon the product's commercial release, events that might negatively impact the financing of the new network, current and future technical limitations of Riverstone products along with potential delays and unforeseen technical issues in the network deployment and service delivery by Remi, in addition to those risks and uncertainties detailed from time to time in Riverstone Networks' SEC reports, including the reports on Form 10-Q and Form 8-K filed on September 2, 2004 . The company assumes no obligation to update or revise these forward-looking statements. Riverstone Contact: Dynavar Contact: Remi Contact: Amy Huitt Susanne Stringer Karen Gross Riverstone Networks Dynavar Networking Hershey Philbin Assoc. 1-408-878-6918 403-214-5130 717-975-2148 DATASOURCE: Riverstone Networks, Inc. CONTACT: Amy Huitt of Riverstone Networks, +1-408-878-6918, or ; or Susanne Stringer of Dynavar Networking, +1-403-214-5130, or ; or Karen Gross of Hershey Philbin Assoc., +1-717-975-2148, or , for Remi Communications Web site: http://www.riverstonenet.com/ http://www.dynavar.com/ http://www.remicommunications.com/

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