Lockheed Picks Tellium

Tellium seals multiyear, multimillion-dollar optical switching deal with Lockheed Martin

April 24, 2002

1 Min Read

OCEANPORT, N.J. -- Tellium (Nasdaq: TELM), provider of the world's first in-service intelligent core optical switch, today announced a multiyear, multimillion dollar agreement with Lockheed Martin Corporation (NYSE: LMT), the aeronautics and technology systems integrator. Terms of the agreement were not disclosed. Lockheed Martin has agreed to purchase Tellium's Aurora(TM) and StarNet(TM) products in support of a U.S. government communications network. Lockheed Martin's Management and Data Systems division will begin testing Tellium's Aurora wavelength optical switches for deployment in the second quarter of 2002. The agreement also includes a multiyear maintenance provision whereby Tellium will provide Lockheed Martin on-going technical support of their optical switches. "Lockheed Martin approached us with a highly specialized application, and we were pleased that our products met their specific customized needs," said Harry Carr, Tellium's chairman and chief executive officer. "We are also pleased to include another global technology leader such as Lockheed Martin as a Tellium customer. Lockheed Martin's choice of Tellium is yet another validation of our value proposition which enables our customers to significantly cut their capital and operating costs, while at the same time deliver the network speed and reliability their customers require." Tellium Inc. Lockheed Martin Corp.

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