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PhotonEx Names Walt Prusak Head of North America Customer Unit

Posted on: Tuesday, 29 July 2003, 06:00 CDT

MAYNARD, Mass.--(BUSINESS WIRE)--July 29, 2003--PhotonEx(TM) Corp., the leading developer of next-generation 40 Gb/s and 10 Gb/s core optical networking systems, today announced the appointment of Walt Prusak to head its North America Customer Unit.

In this role, Mr. Prusak is responsible for leading PhotonEx' service provider customer support operations in North America. He also supports customer initiatives with the Department of Defense, Education and Research and other federal agencies involved in fiber optics communications programs, including the Global Information Grid Bandwidth Expansion (GIG BE) network.

"Walt's extensive expertise in communications technology and service provider networks have equipped him with a deep understanding of customer requirements for high-bandwidth core terrestrial networks," said Dr. Kristin Rauschenbach, president, CEO and co-founder of PhotonEx. "We look forward to leveraging his skills and knowledge to achieve best-in-class customer satisfaction as we continue to grow our support services."

With over 29 years of experience in the communications networking industry, Mr. Prusak brings a tremendous depth and range of expertise, having held business unit management roles as well as positions in customer service, sales, engineering, product management, marketing, field operations, business development and project management. Before joining PhotonEx, Mr. Prusak was Corporate Officer & Vice President for Rapid5 Networks, and COO for Algety Inc., the North American Subsidiary of Algety Corporation. Prior to these start-ups, he spent over 20 years with large telecommunications equipment providers, predominantly with Lucent Technologies Inc.

Mr. Prusak holds a Bachelor of Science degree from Stevens Institute of Technology, and a Master of Science degree from Drexel University, both in Engineering. He received an M.B.A. from the Wharton School at the University of Pennsylvania, and an M.S. in Technology Management from the University of Pennsylvania.

"PhotonEx is in an exciting position as key service provider customers realize the performance benefits and cost savings of the flexible core optical networking solutions we have to offer," said Mr. Prusak. "PhotonEx today ships the only field-tested optical transport system that supports 40 Gb/s and 10 Gb/s line rates as well as fully-flexible add/drop and optical switching functionality - the PX-Ultra(TM) 4T. With these technology-leading capabilities, customers can take advantage of competitive price points today, while getting on a new cost curve that promises leading-edge economics for years to come. I look forward to achieving best-in-class customer satisfaction and contributing to the success of our customers."

About PhotonEx Corporation

Founded in September 1999, PhotonEx Corp. (www.photonex.com) is the leading developer of next-generation core optical networking systems and today ships the only carrier-tested system that supports 40 Gb/s (OC-768) line rates, up to 3.2 Tb/s per fiber, over existing fiber, for long-haul and ultra long-haul carrier and private network applications. Headquartered in Maynard, MA with regional offices in Irving, TX; Arlington, VA; and Brussels, Belgium; PhotonEx has a multidisciplinary team with expertise in optics and RF innovation, data networking, carrier-class product development, and service provider deployment experience, all of which are essential to build the next generation services-responsive core. Privately-held, PhotonEx received $US 178 million in equity financing from venture and strategic investors.

Note: PhotonEx is a trademark of PhotonEx Corporation. All other trademarks mentioned in this document are the property of their respective owners.

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