High-Speed Network Enhances Capabilities for Worldwide Communications BEIJING, Dec. 5 /PRNewswire-FirstCall/ -- The Chinese Academy of Sciences (CAS), China's preeminent natural sciences institution, is enhancing its capabilities for real-time sharing of scientific knowledge with local and international research organizations by upgrading its communications network with Metro Ethernet technology from Nortel(x) (NYSE/TSX: NT). To ensure a network with higher quality, reliability, scalability and cost-effectiveness, CAS is deploying Nortel Optical Multiservice Edge (OME) 6500 systems - integral components of Nortel's Metro Ethernet Solutions - in Beijing and Hong Kong. The new infrastructure will connect its science and technology network into the Global Ring Network for Advanced Applications (GLORIAD) which links up global networks across countries including China, the US and Russia. Believed to be the first Optical Ethernet networking deployment in China's science and technology sector, the new infrastructure will provide CAS with a high-speed, high-bandwidth 2.5G network capable of expansion to 10G to meet future networking requirements. According to the Chinese Academy of Sciences, Nortel's leading-edge technology and its proven record in delivering networks of high quality and reliability were key factors in their selection of the OME 6500 solution. The Chinese Academy of Sciences is looking to this advanced, future-proof network to help it improve communications and collaboration with other scientific institutions in China and around the world. "Nortel is committed to supporting China's academic and scientific endeavors with high-performance optical networks that make communications simple and efficient," said Jackson Wu, president, Greater China, Nortel. "Our selection by this prestigious state-owned academy once again spotlights Nortel's leadership in helping customers increase bandwidth capabilities and network flexibility while lowering the costs of operating a world-class optical network." More than 10,000 education customers worldwide have installed communications solutions from Nortel. The Nortel OME 6500 is a next-generation optical convergence platform that blends multiple services and network layers onto a single platform for significant capital and operating expense reduction, dramatic network simplification and cost-effective support of broadband services. The OME 6500 has been deployed in over 115 networks globally. The Nortel Metro Ethernet Networks portfolio includes solutions for multiservice optical, carrier Ethernet and wireless backhaul. The portfolio enables service providers to address the growth of high-bandwidth video and data applications in their metro networks by deploying Ethernet as the universal transport layer for any service they wish to offer, including next-generation services such as triple and quadruple play, wireless video and data and Ethernet business connectivity. About Nortel 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. Our next-generation technologies, for both service providers and enterprises, span access and core networks, support multimedia and business-critical applications, and help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people with information. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at http://www.nortel.com/. For the latest Nortel news, visit http://www.nortel.com/news. Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Nortel's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different. Further, actual results or events could differ materially from those contemplated in forward-looking statements as a result of the following (i) risks and uncertainties relating to Nortel's restatements and related matters including: Nortel's most recent restatement and two previous restatements of its financial statements and related events; the negative impact on Nortel and NNL of their most recent restatement and delay in filing their financial statements and related periodic reports; legal judgments, fines, penalties or settlements, or any substantial regulatory fines or other penalties or sanctions, related to the ongoing regulatory and criminal investigations of Nortel in the U.S. and Canada; any significant pending civil litigation actions not encompassed by Nortel's proposed class action settlement; any substantial cash payment and/or significant dilution of Nortel's existing equity positions resulting from the approval of its proposed class action settlement; any unsuccessful remediation of Nortel's material weaknesses in internal control over financial reporting resulting in an inability to report Nortel's results of operations and financial condition accurately and in a timely manner; the time required to implement Nortel's remedial measures; Nortel's inability to access, in its current form, its shelf registration filed with the United States Securities and Exchange Commission (SEC), and Nortel's below investment grade credit rating and any further adverse effect on its credit rating due to Nortel's restatements of its financial statements; any adverse affect on Nortel's business and market price of its publicly traded securities arising from continuing negative publicity related to Nortel's restatements; Nortel's potential inability to attract or retain the personnel necessary to achieve its business objectives; any breach by Nortel of the continued listing requirements of the NYSE or TSX causing the NYSE and/or the TSX to commence suspension or delisting procedures; (ii) risks and uncertainties relating to Nortel's business including: yearly and quarterly fluctuations of Nortel's operating results; reduced demand and pricing pressures for its products due to global economic conditions, significant competition, competitive pricing practice, cautious capital spending by customers, increased industry consolidation, rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles, and other trends and industry characteristics affecting the telecommunications industry; the sufficiency of recently announced restructuring actions, including the potential for higher actual costs to be incurred in connection with these restructuring actions compared to the estimated costs of such actions and the ability to achieve the targeted cost savings and reductions of Nortel's unfunded pension liability deficit; any material and adverse affects on Nortel's performance if its expectations regarding market demand for particular products prove to be wrong or because of certain barriers in its efforts to expand internationally; any reduction in Nortel's operating results and any related volatility in the market price of its publicly traded securities arising from any decline in its gross margin, or fluctuations in foreign currency exchange rates; any negative developments associated with Nortel's supply contract and contract manufacturing agreements including as a result of using a sole supplier for key optical networking solutions components, and any defects or errors in Nortel's current or planned products; any negative impact to Nortel of its failure to achieve its business transformation objectives, including completion of the sale of its UMTS access business to Alcatel-Lucent; additional valuation allowances for all or a portion of its deferred tax assets; Nortel's failure to protect its intellectual property rights, or any adverse judgments or settlements arising out of disputes regarding intellectual property; changes in regulation of the Internet and/or other aspects of the industry; Nortel's failure to successfully operate or integrate its strategic acquisitions, or failure to consummate or succeed with its strategic alliances; any negative effect of Nortel's failure to evolve adequately its financial and managerial control and reporting systems and processes, manage and grow its business, or create an effective risk management strategy; and (iii) risks and uncertainties relating to Nortel's liquidity, financing arrangements and capital including: the impact of Nortel's most recent restatement and two previous restatements of its financial statements; any inability of Nortel to manage cash flow fluctuations to fund working capital requirements or achieve its business objectives in a timely manner or obtain additional sources of funding; high levels of debt, limitations on Nortel capitalizing on business opportunities because of support facility covenants, or on obtaining additional secured debt pursuant to the provisions of indentures governing certain of Nortel's public debt issues and the provisions of its support facility; any increase of restricted cash requirements for Nortel if it is unable to secure alternative support for obligations arising from certain normal course business activities, or any inability of Nortel's subsidiaries to provide it with sufficient funding; any negative effect to Nortel of the need to make larger defined benefit plans contributions in the future or exposure to customer credit risks or inability of customers to fulfill payment obligations under customer financing arrangements; any negative impact on Nortel's ability to make future acquisitions, raise capital, issue debt and retain employees arising from stock price volatility and further declines in the market price of Nortel's publicly traded securities, or the share consolidation resulting in a lower total market capitalization or adverse effect on the liquidity of Nortel's common shares. For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form 10-K/A, Quarterly Reports on Form 10-Q and other securities filings 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. (x) Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks. DATASOURCE: Nortel CONTACT: Cici Liu, +8610 6510 7109,

Copyright