OTTAWA -- BreconRidge Manufacturing Solutions Corporation ("BreconRidge"), a top 50 global electronics manufacturing services ("EMS") company, announced today that it has completed the acquisition of certain assets of the High-Speed Modules business unit of Nortel Networks (NYSE/TSX:NT), entered into a three-year supply agreement under which BreconRidge will be a supplier of high-speed modules for use in Nortel Networks 10 Gbit/s ("OC-192") optical transmission systems, and acquired Nortel Networks' leasehold interest in the facility located at 500 Palladium Drive, Ottawa, all as previously announced on July 25, 2003.

BreconRidge Manufacturing Solutions Corp.

Nortel Networks Corp.