NWK Network Equip Tech

Pannaway Technologies Announces Video Partnership with net.com Partnership Allows Telecommunications Service Providers to Seamlessly Deploy IP-based Video Services in Legacy ATM environments FREMONT, Calif., Feb. 14 /PRNewswire/ -- Pannaway Technologies, Inc., designers and developers of converged broadband voice, video and data platforms, today announced a partnership with net.com (NYSE:NWK) that enables telecommunications service providers to deliver high-revenue, IP-based video services in legacy ATM network environments, preserving existing infrastructure investments and lowering ongoing equipment costs. Pannaway uses net.com's SCREAM platform to provide telcos with a fully interoperable, easy-to-install migration path for the deployment of new IP- based video networks. The partnership enables telcos to realize the documented benefits of IP while maintaining existing investments in legacy ATM infrastructures. "IP is widely recognized as the future transport mechanism for the deployment of high quality video services and we are excited to work with Pannaway to deliver extended value to the telco community," said Bert Whyte, CEO of net.com. "Our SCREAM platform cost-effectively creates the bridge between legacy ATM infrastructures and emerging IP-based networks for the delivery of high-revenue applications such as Video-on-Demand and High- Definition Television." The SCREAM platform is currently the only broadband remote access server (BRAS) available with a full ATM switching architecture. SCREAM in conjunction with Pannaway's Service Convergence Network (SCN(TM)) seamlessly interoperates with existing ATM networks for the delivery of IP Video over DSL. By leveraging the SCREAM platform, Pannaway's telco customer base can recognize the benefits of IP including a reduced cost structure, increased bandwidth (including Gigabit Ethernet), simplified provisioning, and enhanced manageability. "While ATM technology has proven that it can support high bandwidth applications like VoD, HDTV, and high-speed Internet access, exorbitant equipment and provisioning costs make the technology a rather unpopular choice for future build outs," said Mike Skubicz, CTO of Pannaway. "The net.com/Pannaway partnership enables telcos to leverage fully functional ATM networks that are already in place while future-proofing their footprint with emerging IP technology." net.com' s SCREAM platform is now an integral part of the Pannaway SCN, a suite of products that enables telcos to build out a network for a successful Triple Play delivery of converged broadband services. As the industry's first carrier-class end-to-end IP solution, Pannaway's SCN gives telcos the power to expand their service offerings on this more efficient and scalable platform. About Pannaway Pannaway Technologies designs the industry's first carrier-class end-to- end IP solution for converged voice, video and data service delivery. Pannaway's innovative technology enables telecommunications companies worldwide to deliver unified services to homes and businesses at a fraction of their historical costs. The privately held company was founded in April 2002 and is headquartered in Portsmouth, New Hampshire. Its founding management team, with over 90 years of collective experience in the industry, has played a pioneering role in the telecommunications equipment sector. For more information, please visit http://www.pannaway.com/. About net.com Network Equipment Technologies, Inc., doing business as net.com, develops and delivers platforms for broadband, IP telephony, and multiservice networks. An architect of the networking industry, net.com has been supplying service providers, governments and enterprises around the world with bulletproof networking technology for more than 20 years. net performance. net results. net.com. For more information, visit http://www.net.com/. DATASOURCE: net.com CONTACT: Dale Allaire of Pannaway Technologies, +1-603-766-8615 or ; or Brenda Ropoulos of net.com, +1-510-574-2508 or Web site: http://www.net.com/

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