Corvis Names Glenn Falcao Executive Vice President; Nortel-ex Brings Extensive Internet Services Expertise to Marketing and Business Development Sectors

Business Wire, August 10, 1999

COLUMBIA, Md.--(BUSINESS WIRE)--Aug. 10, 1999--

Corvis Corporation, which has introduced the world's first all-optical communications network, today announced that Glenn Falcao has joined the company as Executive Vice President. Mr. Falcao most recently served as President of Nortel Networks' Internet and Service Provider business, one of the fastest-growing businesses in that company's portfolio.

The appointment of Mr. Falcao enhances greatly the Internet expertise of Corvis' executive management team, led by President and Chief Executive Officer, Dr. David Huber.

"Glenn brings over 22 years of extensive marketing and executive management experience that will enable him to effectively lead our marketing and business development activities," said Dr. Huber. "As we prepare to ship our first products, having a seasoned veteran like Glenn on our team will allow us to maximize our current opportunities and discover new ones."

Mr. Falcao's management experience with Nortel Networks included responsibility for the Internet Access products including Remote Access, DSL, Voice /Data Integrated Access and Internet Telephony. In addition, he held numerous general management and key marketing positions in the company. Falcao was instrumental in launching Nortel Networks' SONET business and introduced the first "plug-and-play" DSL product to the market. He played a key role in developing both the CLEC and ISP markets for the company. Mr. Falcao has an Engineering degree from McGill University in Montreal.

About Corvis

Corvis Corporation is a privately held fiber optic equipment company founded by Dr. David Huber, one of the leading figures in the field of optical communications and the founder of Ciena Corporation. The company recently unveiled the first transparent all-optical switching, transport and network management solutions that will revolutionize the way traffic is moved in the new Internet-driven economy. The Corvis all-optical mesh network is the next step in the evolution of high-capacity "backbone" telecommunications equipment.

The CorWave(TM) products give communication service providers the capability to build a single-layer, transparent all-optical high-capacity networks necessary to quickly accommodate the continuing growth of Internet, video, voice, and other data traffic. This flexibility can result in a 60% gain in network capacity using existing fiber in the field and an over 50% savings in network expenditures. For more information, call Corvis at 443-259-4000 or visit the Corvis web site at www.corvis.com.