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Updated: July 8th, 2008 05:26 PM CDT

Olympus and Movaz Networks Launch Joint Venture Company

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Business Wire
via NewsEdge Corporation

Olympus Microsystems America, Inc. will deliver the necessary cornerstone ROADM module as a highly integrated package of optics, Application Specific Integrated Circuits (ASICS), and MEMS, in a compact form fit that can finally be economically deployed.

"The extensive investment that Olympus is making in Movaz's patented optical switching technologies is a tremendous validation of the values that this technology can realize towards establishing a truly all-optical network," said Bijan Khosravi, chairman and CEO of Movaz Networks. "The ability to reconfigure network resources to make services instantaneously available has been desired by providers for the last decade."

"The Olympus motto 'Your Vision, Our Future' is exemplified in the Joint Venture signed today between Movaz Networks and Olympus," said Dr. Koichi Karaki, Division Manager, MEMS Technology Division, Olympus Corporation, and Chairman, Olympus Microsystems America, Inc. "Movaz had the vision to deliver on the world's first in-service deployment of a multi-degree, multi-ring switching RAY-ROADM network. Olympus Partnership Development Group brought the resources to help make the vision a reality. Together we have built a future in Olympus Microsystems America, Inc., which will significantly expand the capabilities of optical communications."

About Movaz Networks, Inc.

Movaz Networks is a leader in providing dynamic optical networking solutions with the lowest total cost of ownership. Movaz's products can economically scale from the access network to regional networks, connecting domains with up to 2,000km of un-regenerated long haul routes. Combined with its embedded Generalized Multi-protocol Label Switching (GMPLS) protocols and standards-based network management, Movaz offers unparalleled ease in network operations. The company's RAY(TM) product portfolio has been deployed globally in numerous networks in telecom, cable, enterprise and government segments. For more information, please visit Movaz on the web at www.movaz.com.

About Olympus Partnership Development Group

Olympus Partnership Development Group (PDG) was formed in October 2001 and is part of the MEMS Technology division of the Corporate R&D Center, Olympus Corp., Tokyo, Japan. It was established to accelerate the success of partner companies through technology and business alliances. PDG also provides access to Olympus resources in R&D, digital imaging, sales, marketing, distribution, and financial investment. Visit our website at www.olympusmicrosystems.com.


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