Orckit-Corrigent Continues to Invest in the Latin America Region With
New Office in Brazil, Headed by Mr. Osmar Correa
Orckit Communications Ltd (NASDAQ: ORCT), the leading Carrier Ethernet +
Transport (CE+T) networking vendor, today announced the establishment of
a new office in Brazil to extend its presence in Latin America region.
The new office is headed by Mr. Osmar Correa, a telecommunication sales
and business development veteran. This investment is reflecting the
company’s efforts to leverage the latest CM-4000 CE+T portfolio success
at Mexico to the entire Latin America region.
“We are pleased to have Mr. Osmar Correa on board. Our CE+T solution is
ideally suitable for Mercosur and Latin America market due to its
capabilities to exploit existing install base and provide phased
migration towards next generation networks,” said Oren Tepper, Vice
President corporate sales at Orckit Communications. “We have recently
announced the selection of MetroNet, a Mexican carrier of carriers, in
our CM-4000 portfolio. This is an excellent footprint in the local
market and we intend to leverage this success to Mercosur with Mr.
Correa’s assistance. Mr. Correa brings vast knowledge and experience
from his previous roles as sales manager for Allot Communications,
Memotec Corp, and Ericsson Brazil, and we are confident in Mr. Correa’s
ability to succeed in his new position.”
“I am pleased to join Orckit-Corrigent and strongly believe in our
chances to conduct fruitful business in Brazil and the Latin America
region,” said Osmar Correa, Brazil country manager at Orckit-Corrigent.
“The local Carrier Ethernet market opens an opportunity for our Layer 2
MPLS platforms. Orckit-Corrigent brings attractive solution to this
marketplace and with the existing footprint in Mexico, we are in a good
position to gain more market share.”
About Orckit Communications Ltd.
Orckit facilitates telecommunication providers’ delivery of high
capacity broadband residential, business and mobile services over
wireline or wireless networks with its Orckit-Corrigent family of
products. With 20 years of field experience, a reputable list of
worldwide Tier-1 customers and sound leadership, the Company has a firm
foothold in the ever-developing world of telecommunications.
Orckit-Corrigent’s product lines include Carrier Ethernet + Transport
(CE+T) switches - an MPLS-based portfolio enabling advanced packet as
well as legacy services over packet networks with a wide set of
transport features, and Personalized Video Distribution systems - an
advanced video distribution portfolio, optimized for IPTV, enabling
multiple HD streams per home over the existing DSL infrastructure.
Orckit-Corrigent markets its products directly and indirectly through
strategic alliances as well as distribution and reseller partners
worldwide.
Orckit was founded in 1990 and went public 1996. Orckit is dually listed
on NasdaqGM (ORCT) and the Tel Aviv Stock Exchange and is headquartered
in Tel-Aviv, Israel.
Certain matters discussed in this news release are forward-looking
statements that involve a number of risks and uncertainties including,
but not limited to, risks in product development plans and schedules,
rapid technological change, changes and delays in product approval and
introduction, customer acceptance of new products, the impact of
competitive products and pricing, market acceptance, the lengthy sales
cycle, exchange rate fluctuations, fluctuation in order size,
proprietary rights of the Company and its competitors, need for
additional financing, the ability to repay the convertible notes, risk
of operations in Israel, government regulation, dependence on third
parties to manufacture products, general economic conditions and other
risk factors detailed in the Company's United States Securities and
Exchange Commission filings. Orckit assumes no obligation to update the
information in this release.
Orckit-Corrigent
Eylon Sorek, 972-3-6948-614
Director of
marketing
eylons@orckit.com
www.orckit.com
