FiberNet to Participate in SIAC(R)'s SFTI(SM) Initiative
PR Newswire - April 27, 2004 07:55
NEW YORK, Apr 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- FiberNet Telecom Group, Inc. (Nasdaq: FTGX), a leading provider of metro connectivity, today announced that it will participate in providing connectivity to the Securities Industry Automation Corporation(R)'s (SIAC(R)) Secure Financial Transaction Infrastructure(sm) (SFTI(sm)) network.
SFTI provides connectivity to the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), the Depository Trust and Clearing Corp. (DTCC), the National Market Systems and other critical financial institutions on a network infrastructure that is engineered to remain operational during times of unforeseen events.
Financial institutions can now order from FiberNet a full suite of network connectivity solutions to access the SFTI network, including circuits from T-1/E-1 to OC-192/STM-64, optical wavelengths from 2.5 Gigs to 10.0 Gigs, and Ethernet Circuits from 10 /100 Base T to Gig E bandwidths. Clients can leverage FiberNet's competitive advantages, including its fiber-optic metro area network reaching all the major carrier hotels in New York and Los Angeles, the fastest provisioning intervals in the industry, connectivity to over 300 carriers, carrier-grade colocation space, and complete network solutions services to domestic and international locations outside of its core metro markets.
Michael Liss, Chairman, President, and CEO of FiberNet, said, "We are pleased to expand our services into SIAC's SFTI network and provide SIAC's partners with access to our extensive network infrastructure in the New York metropolitan market and our off-net services."
About FiberNet:
FiberNet Telecom Group, Inc. deploys, owns and operates fiber-optic networks designed to provide comprehensive broadband connectivity to other telecommunications service providers for their data, voice and video transmissions. The Company's networks provide an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' networks. FiberNet's primary business is to provide optical and electrical broadband circuits within and between carrier hotels, which are industrial buildings where service providers house their communications equipment to exchange and route communications traffic. The Company's networks support multiple domestic and international transmission protocols including synchronous optical network, or SONET, synchronous digital hierarchy, or SDH, Ethernet, and Internet Protocol, or IP, and can deliver broadband connections with bandwidth ranging from 1.5 megabits per second to 10.0 gigabits per second, as well as optical wavelengths. FiberNet currently operates primarily in the two gateway markets of New York and Los Angeles, focusing its services in the local loop of major metropolitan areas. For more information on FiberNet, please visit the Company's website at
www.ftgx.com.
About SIAC:
SIAC (
www.siac.com and
www.sfti.siac.com) is the technology subsidiary of the New York Stock Exchange(R) (NYSE(R)) and the American Stock Exchange(R) (AMEX(R)), with responsibility for the design, development, implementation and operation of the exchanges' computer systems and communications networks. SIAC operates clearance and settlement systems on behalf of the Clearing Corporations. SIAC is the company behind the Secure Financial Transaction Infrastructure (SFTI), which offers the financial industry a data communications infrastructure that is more resistant to man-made and natural disasters, while speeding recovery after a crisis. SIAC also disseminates U.S. market data worldwide. SIAC began its operations on July 17, 1972 as a wholly owned subsidiary of the NYSE and AMEX.
About SFTI:
SFTI replaces point-to-point circuitry with a redundant infrastructure that provides clients with connectivity to SIAC via highly reliable, geographically and physically diverse routing. Instead of running circuits directly to SIAC's data centers, users will connect to two or more access centers via their carrier(s) of choice. Once the communication reaches the access nodes, SFTI will carry the signal to SIAC. All of SFTI's equipment, connections, power supplies and network links are redundant. With SFTI, member firm connections are fungible, meaning that, in a crisis, a working connection can be quickly and easily pressed into service to carry traffic formerly carried by a broken connection-irrespective of the type of traffic either had been carrying. Information about SFTI can be found at
www.sfti.siac.com.
Various remarks that we may make about the Company's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Company's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission.
SOURCE FiberNet Telecom Group, Inc.
Thomas Brown, Senior Vice President Sales and Marketing of
FiberNet Telecom Group, Inc., +1-516-542-3620,
Thomas.Brown@ftgx.com; or
Enterprise Services - (Financial Institutions, ATSs, ECNs, and Market Data
Providers) -
sales@ftgx.com
http://www.ftgx.com
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