Riverstone Networks
(RSTN.PK) has received USDA Rural Utilities Service (RUS) listing for both its
RS and Riverstone 15000 product lines, making it the first vendor of MPLS-based
Ethernet routers to do so. A RUS listing permits Independent Operating Companies
(IOCs) and Rural Local Exchange Carriers (RLECs) to deploy these products using
RUS Broadband Loan and Grant programs.
The RUS loan program is designed to increase
the rate of broadband deployments to communities of up to 20,000 inhabitants,
ensuring that rural consumers enjoy the same range of communications services
that are available in urban and suburban communities. The program provides
funding critical to the economic welfare of smaller communities by helping rural
service providers deliver the high-caliber broadband connectivity needed for
these communities to attract and retain jobs.
"Broadband connectivity is a big issue for the nation's
1,000 rural operators, and naturally many are looking to Ethernet as a
solution," said Michael Howard, principal analyst at Infonetics Research.
"By listing Riverstone's MPLS Ethernet routers, RUS opens the door for
these operators to use special funding to take advantage of this solution, which
can give them the ability to not only offer more broadband-intensive services,
but to do so over a less costly and potentially converged infrastructure."
An active member of the Fiber-to-the-Home (FTTH) Council, the
mission of which is to provide education about, promote and accelerate FTTH
networks, Riverstone is at the forefront of the municipal broadband movement in
the United States. The company's products comprise the Ethernet routing
infrastructure for the UTOPIA project in Utah, the largest planned independent
FTTH deployment in the nation.
"Even though life in a small town might be slower, that
doesn't mean the Internet has to be," said Dan Middleton, Vice President,
North American Sales, Riverstone Networks. "This listing is critical,
providing smaller service providers with equal access to best-in-class
technology that can easily be scaled up or down to meet their network needs.
Moreover, it provides them with the infrastructure necessary to deliver a
combination of quality voice, video and data services, bringing the true value
of the Internet to the communities they serve."
Riverstone Networks, Inc. (RSTN.PK) is a leading provider of
carrier Ethernet infrastructure solutions for business and residential
communications services. Riverstone's Ethernet router portfolio uniquely
delivers the reliability that allows carriers to meet the triple play - voice,
video and data - service requirements of their customers in a cost-effective and
scalable way. Riverstone allows carriers to offer new services over existing
revenue-generating networks permitting them to evolve to a next generation
Ethernet infrastructure.
Except for the historical information contained herein, the
matters set forth in this press release, including without limitation statements
regarding the use of RUS loans to fund and accelerate the future deployment of
Riverstone equipment in rural networks, as well as the future deployment of the
UTOPIA network, are forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements speak only as of the date hereof
and are subject to risks and uncertainties that may cause actual results to
differ materially. These risks and uncertainties include whether rural utilities
choose to use RUS loans to purchase equipment other than Riverstone products,
and the extent and timing of UTOPIA's future deployment plans, along with those
risks and uncertainties detailed from time to time in Riverstone Networks' SEC
reports, including the reports on Form 10-Q and Form 8-K filed on September 2,
2004 . The company assumes no obligation to update or revise these
forward-looking statements.
Riverstone Networks is a registered trademark of Riverstone
Networks, Inc. All other trademarks, service marks and trade names belong to
their respective owners.