Orckit Communications Ltd fka ORCT

[midastouch017]

Corrigent Increases Market Share in Rapidly Growing 10Gbps Market
Monday December 12, 8:00 am ET
Company #2 in Worldwide Sales of 10Gbps Multiservice Provisioning Platform


SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 12, 2005--Corrigent Systems, a leading provider of Packet ADM (Add Drop Multiplexer) for next-generation transport networks announced today that according to recent market research report it increased its market share in the category of 10Gbps multiservice provisioning platforms (MSPP). Sales of the CM-100 Packet ADM increased from 16% of the worldwide 10Gbps MSPP market in Q2 2005 to 20% of the market in Q3 2005. The market for 10Gbps devices is the fastest growing segment of the MSPP market which almost tripled in the nine month period ended September 30, 2005 compared to the sequential nine month period in 2004. Corrigent was ranked #2 overall in this category for the first nine month period of 2005. The latest figures on market share and Corrigent's leadership were compiled by the Dell'Oro Group of Redwood City, CA.

Sales growth of Corrigent's Packet ADM is being driven by the rapidly increasing packet traffic on carrier networks. Internet access, corporate data communications, IPTV, VOD, VOIP and Ethernet services among others, necessitate more bandwidth and better traffic control. These new applications require that service providers build new networks capable of supporting the bandwidth, availability and QoS that the services require. The CM-100 is a unique packet transport device that supports all combinations of legacy TDM and emerging packet traffic on the same network element. The ability to converge both traffic types over a single platform allows service providers to lower operational costs and increase revenues.

About Corrigent

Corrigent Systems is a market leader in next generation metro transport systems. Designed to enable profitable delivery of voice, video and data for Triple Play, Carrier Ethernet and Multi-service offerings, Corrigent's focus is metro transport technology that maximizes revenue and profit for service providers. Used by carriers worldwide, the CM-100 line of Packet ADMs integrates the traffic management and control of RPR and MPLS and eliminates the need for multiple transport elements. The Packet ADM allows carriers to evolve their SONET/SDH networks with a standards based and interoperable product line that is optimized for today's service requirements. Orckit Communications (NASDAQ:ORCT - News) is the parent company of Corrigent Systems. For more information: http://www.corrigent.com

http://biz.yahoo.com/bw/051212/20051212005308.html?.v=1

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