Nortel to Demonstrate Wireless Innovation at 3G World Congress 2005
- 09 November, 2005 16:01
<p>Nortel to Demonstrate Wireless Innovation at 3G World Congress 2005
Showcasing Groundbreaking Seamless Roaming between HSDPA, CDMA EV-DO and Wireless Mesh Networks</p>
<p>HONG KONG – Nortel* [NYSE/TSX: NT] will showcase the innovative power and new revenue potential of its comprehensive wireless broadband portfolio in live demonstrations across multiple wireless technologies and in-depth presentations by senior executives at the 3G World Congress & Exhibition 2005. The event will be held November 16-18 at the Hong Kong Convention and Exhibition Centre.</p>
<p>Nortel (booth #1711) will demonstrate how wireless operators can harness the power of 3G and use emerging wireless technologies to deliver the mobile broadband multimedia experience today’s end-users increasingly demand.</p>
<p>Nortel demonstrations and presentations will detail the company’s technology innovation, recent momentum in the marketplace, and seamless roaming milestones to show how emerging wireless broadband technologies can be more economically harnessed to provide customers with uninterrupted access to a wide variety of high bandwidth applications.</p>
<p>The company’s widely deployed CDMA2000 1xEV-DO solution – including 1xEV-DO Revision A – will be highlighted through live demonstrations of wireless ‘triple play’ services such as VoIP, video conferencing, mobile TV and gaming. In addition, live HSDPA demonstrations will focus on converged mobility solutions to bring ‘wireless DSL’ functionality to the UMTS world. Following significant success across Asia and globally, Nortel will also present its Wireless Mesh Network solution for unrestricted campus and metropolitan wireless access.</p>
<p>As a major highlight to the event, Nortel will leverage the power of it’s unique experience across all three of these technologies with a live demonstration of seamless roaming of broadband services –- between HSDPA, CDMA EV-DO and Wireless Mesh networks – to showcase the capability to meet mobility needs of users today and into the future.</p>
<p>Nortel will also spotlight the potential of fixed and mobile WiMAX solutions and how the newly launched LG/Nortel joint venture is focused on realizing the powerful potential of this complementary access technology.</p>
<p>During the exhibition, Nortel executives will participate in the following key events:</p>
<p>* November 16 – Opening Plenary Session: An opening keynote address entitled “3G is Finally Here…Now What?” by Richard Lowe, president, Mobility and Converged Core Networks. Lowe will outline the challenges and opportunities facing wireless operators today.
* November 17 – Track 1 - W-CDMA / HSDPA: A presentation entitled “HSDPA and Beyond – Driving the Future in Wireless Broadband” by Scott Wickware, vice president, GSM/UMTS, EMEA and Asia.
* November 17 – Track 1 - W-CDMA/HSDPA: An operator and industry panel discussion focusing on the question “To What Extent will HSDPA Drive Uptake of New Data and Video Services?” with Nortel represented again by Wickware.
* November 17 – Track 2 - CDMA2000/1xEV-DO: An operator and industry panel discussion asking the question “What is the Future Evolution Path for CDMA2000 Operators?” Jay Huang, vice president, Wireless Networks, Greater China will discuss Nortel’s experience and outlook for the future.</p>
<p>Nortel is also sponsoring a pre-congress workshop in conjunction with the CDMA Development Group on the business case for CDMA2000 1xEV-DO as a high-speed wireless data optimized technology and broadband alternative on Tuesday, November 15 at 9:00 a.m.</p>
<p>Nortel is an industry innovator and at the forefront of all broadband access technologies, including wide area cellular, wireline and wireless LAN. Nortel has designed, installed and launched more than 300 wireless networks in over 70 countries.</p>
Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world’s most critical information. Serving both service provider and enterprise customers, Nortel delivers innovative technology solutions encompassing end-to-end broadband, Voice over IP, multimedia services and applications, and wireless broadband designed to help people solve the world’s greatest challenges. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.</p>
<p>Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the outcome of regulatory and criminal investigations and civil litigation actions related to Nortel’s restatements and the impact any resulting legal judgments, settlements, penalties and expenses could have on Nortel’s results of operations, financial condition and liquidity, and any related potential dilution of Nortel’s common shares; the findings of Nortel’s independent review and implementation of recommended remedial measures; the outcome of the ongoing independent review with respect to revenues for specific identified transactions, which review will have a particular emphasis on the underlying conduct that led to the initial recognition of these revenues; the restatement or revisions of Nortel’s previously announced or filed financial results and resulting negative publicity; the existence of material weaknesses in Nortel’s internal control over financial reporting and the conclusion of Nortel’s management and independent auditor that Nortel’s internal control over financial reporting is ineffective, which could continue to impact Nortel’s ability to report its results of operations and financial condition accurately and in a timely manner; the impact of Nortel’s and NNL’s failure to timely file their financial statements and related periodic reports, including Nortel’s inability to access its shelf registration statement filed with the United States Securities and Exchange Commission (SEC); the impact of management changes, including the termination for cause of Nortel’s former CEO, CFO and Controller in April 2004; the sufficiency of Nortel’s restructuring activities, including the work plan announced on August 19, 2004 as updated on September 30, 2004 and December 14, 2004, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; cautious or reduced spending by Nortel’s customers; increased consolidation among Nortel’s customers and the loss of customers in certain markets; fluctuations in Nortel’s operating results and general industry, economic and market conditions and growth rates; fluctuations in Nortel’s cash flow, level of outstanding debt and current debt ratings; Nortel’s monitoring of the capital markets for opportunities to improve its capital structure and financial flexibility; Nortel’s ability to recruit and retain qualified employees; the use of cash collateral to support Nortel’s normal course business activities; the dependence on Nortel’s subsidiaries for funding; the impact of Nortel’s defined benefit plans and deferred tax assets on results of operations and Nortel’s cash flow; the adverse resolution of class actions, litigation in the ordinary course of business, intellectual property disputes and similar matters; Nortel’s dependence on new product development and its ability to predict market demand for particular products; Nortel’s ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization and consolidation in the telecommunications industry; changes in regulation of the Internet; the impact of the credit risks of Nortel’s customers and the impact of customer financing and commitments; general stock market volatility; negative developments associated with Nortel’s supply contracts and contract manufacturing agreements, including as a result of using a sole supplier for a key component of certain optical networks solutions; the impact of Nortel’s supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; any undetected product defects, errors or failures; the future success of Nortel’s strategic alliances; and certain restrictions on how Nortel and its president and chief executive officer conduct business. For additional information with respect to certain of these and other factors, see the most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed by Nortel with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.</p>
<p>*Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.</p>
<p>For further information:</p>
(02) 8870 5625
Watterson Marketing Communications
(02) 9437 6122