Zhone Technologies, Inc. (NASDAQ:ZHNE), a global leader in FTTx network access solutions, today announced the addition of Cornerstone Telephone to its MXK customer roster. An advanced communications solutions provider headquartered in Troy, NY, Cornerstone has been a competitive local exchange carrier (CLEC) provider since 2001. The company offers telephone, x-digital subscriber lines (xDSL) and Ethernet over coax (EoC) services to more than 13,000 access line customers, and delivers comprehensive communication solutions and innovative technologies aligned with customers' organizational objectives. Cornerstone deployed Zhone’s industry leading MXK™ as its multi-service access solution for business VoIP and high speed Ethernet-over-copper services for area businesses in Syracuse; Oneonta; New York City; Poughkeepsie; and Richmond. Cornerstone chose the MXK to provide both copper and fiber services on a single platform based on their rewarding experience with the deployment of Zhone’s MALC™ multi-service platform within their network. “Zhone’s ability to deliver both VoIP and High Speed Internet Access with the greatest port density in the smallest footprint is the key deciding factor in our MXK deployment,” declared Don Walsh, chief technical officer of Cornerstone Telephone. “Our relationship with Zhone is strengthened by this upgrade, and we and our customers are already enjoying the benefits of speed, efficiency and cost-effectiveness.” The MXK offers Cornerstone’s customers bandwidth increases and provides both data and VoIP for expanded revenue opportunities and improved customer satisfaction. Cornerstone will continue to rely on the MXK’s 460 Gbps backplane, 28 Gbps uplinks and Terabit switching capacity along with 72 ports of POTS/VoIP, 72 ports of ADSL2+ and extended rate SHDSL-EFM cards. “This domestic deployment furthers our customer base in the Northeastern United States and our strong relationship with Cornerstone and prove once again that our solutions are the right fit for business services,” said Brian Caskey, chief marketing officer of Zhone. “The featured flexibility of the MXK serves just the purpose Cornerstone needs – to provide hybrid networking capabilities for its local businesses.”
To-date, Zhone has deployed more than 2,000 of its fully redundant, carrier-grade all-IP MXK platforms with more than 150 service providers globally. Total subscriber capacity supported by these deployments now exceeds 15 million. Featuring industry-leading density, scalability and switching capacity, the MXK is the industry's first terabit access concentrator and provides non-blocking capacity of up to 3,600 100 Mbps GPON subscribers or 360 1G Active Ethernet subscribers.For more information about Zhone’s MXK solution or to learn more about its various applications, including mobile backhaul, please visit the Zhone FiberHome™ or Zhone FiberCell™ portfolios on the Zhone website. About Zhone Technologies Zhone Technologies, Inc. (NASDAQ:ZHNE) is a global leader in all IP multi-service access solutions, serving more than 750 of the world's most innovative network operators. The IP Zhone is the only solution that enables service providers to build the network of the future…today, supporting end-to-end Voice, Data, Entertainment Social Media, Business, Mobile Backhaul and Mobility service. Zhone is committed to building the fastest and highest quality All IP Multi-Service solution for its customers. Zhone is headquartered in California and its products are manufactured in the USA in a facility that is emission, waste-water and CFC free. Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone Technologies, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change without notice. Forward-Looking Statements This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "target," "will," "would," variations of such words, and similar expressions are intended to identify forward-looking statements. In addition, forward-looking statements include, among others, statements that refer to financial estimates; projections of revenue, margins, expenses or other financial items. Readers are cautioned that actual results could differ materially from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, commercial acceptance of the Company's products; intense competition in the communications equipment market; the Company's ability to execute on its strategy and operating plans; and economic conditions specific to the communications, networking, internet and related industries. In addition, please refer to the risk factors contained in the Company's SEC filings available at www.sec.gov, including without limitation, the Company's annual report on Form 10-K for the year ended December 31, 2010 and the Company’s quarterly reports on Form 10-Q for the quarters ended March 31, 2011 and June 30, 2011. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason.