Agreement covers Nordic and Baltic countries
VANCOUVER, CANADA– April 14th, 2008 – TeraSpan Networks, Inc. a provider of cost effective, reliable fiber optic deployment solutions announced today that it has signed an agreement with Alcatel-Lucent (NYSE: ALU) to distribute TeraSpan’s Vertical Inlaid Fiber products in Nordic and Baltic countries of Europe. TeraSpan Networks, Inc. is the operating subsidiary of Ignition Point Technologies Corp. (TSX-V:IPN).
TeraSpan provides service providers micro-channeling conduit deployment solutions that significantly reduces the labor of fiber network deployments and is significantly less disruptive for the municipality’s infrastructure and the community.
“We are delighted to have Alcatel-Lucent as a partner for our products. It is a great endorsement of the value we deliver in reducing cost and deployment time for fiber deployments.” said Neil McDonnell, Chief Executive Officer of TeraSpan. “Europe is leading the way in new deployments of fiber networks, and is at a tipping point for mass adoption. Historically, our clients find that fiber deployments are up to 70% faster with the TeraSpan solution, saving them considerable time and expense when providing last mile solutions for their customers. This productivity gain allows service providers to rapidly roll out advanced broadband applications such as, VoIP and IP based TV.”
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com
About TeraSpan
TeraSpan dramatically improves its client’s productivity by delivering cost effective, reliable fiber optic deployment solutions. Service providers, organizations and municipalities leverage TeraSpan’s time-tested, field-proven micro-channeling conduit approach to reduce capital and operational expenditures for competitive advantage in their markets. Engineered to meet the true challenges of outside plant, TeraSpan’s Vertical Inlaid Fiber system provides network reliability and unparalleled future network flexibility. Visit www.teraspan.com for more information.
About Ignition Point
Ignition Point Technologies Corp. (TSX-V:IPN) is a Vancouver-based broadband communications company providing innovative solutions to expand connectivity to public and private networks. Ignition Point’s 68.6% owned operating subsidiary is TeraSpan Networks Inc. www.teraspan.com. For more information, visit www.ignitionpoint.ca.
This news release contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that the company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change except as required by law.
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For further information, contact:
Elena Kinakin, Chief Financial Officer
Telephone : +1 604 638 5484
Email: Ekinakin@teraspan.com
www.teraspan.com