Orckit-Corrigent strengthens its sales effort in Latin America

August 11, 2009

1 Min Read

TEL AVIV -- Orckit Communications Ltd (NASDAQ: ORCT), the leading Carrier Ethernet + Transport (CE+T) networking vendor, today announced the establishment of a new office in Brazil to extend its presence in Latin America region. The new office is headed by Mr. Osmar Correa, a telecommunication sales and business development veteran. This investment is reflecting the company’s efforts to leverage the latest CM-4000 CE+T portfolio success at Mexico to the entire Latin America region.

“We are pleased to have Mr. Osmar Correa on board. Our CE+T solution is ideally suitable for Mercosur and Latin America market due to its capabilities to exploit existing install base and provide phased migration towards next generation networks,” said Oren Tepper, Vice President corporate sales at Orckit Communications. “We have recently announced the selection of MetroNet, a Mexican carrier of carriers, in our CM-4000 portfolio. This is an excellent footprint in the local market and we intend to leverage this success to Mercosur with Mr. Correa’s assistance. Mr. Correa brings vast knowledge and experience from his previous roles as sales manager for Allot Communications, Memotec Corp, and Ericsson Brazil, and we are confident in Mr. Correa’s ability to succeed in his new position.”

“I am pleased to join Orckit-Corrigent and strongly believe in our chances to conduct fruitful business in Brazil and the Latin America region,” said Osmar Correa, Brazil country manager at Orckit-Corrigent. “The local Carrier Ethernet market opens an opportunity for our Layer 2 MPLS platforms. Orckit-Corrigent brings attractive solution to this marketplace and with the existing footprint in Mexico, we are in a good position to gain more market share.”

Orckit Communications Ltd. (Nasdaq: ORCT)

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