Nortel Provides High-Speed Access to World's Tallest Residential Apartment Building; Data FX Uses Nortel Technology to Deliver H
11 November 2005 - 9:00AM
Business Wire
Q1, the world's tallest residential apartment building, has been
equipped by technology provider Data FX with a high-speed data
network from Nortel (NYSE:NT)(TSX:NT). The network provides
broadband Internet access to the tower's 526 apartments. A flagship
development of the Sunland Group (ASX:SDG), Q1 is set to become the
latest high-profile landmark in Australia's famous Gold Coast
resort town, Surfers Paradise. "Q1 represents the pinnacle of
apartment-style living on the Gold Coast, blending the resort
town's relaxed lifestyle with the modern conveniences and high-tech
networking infrastructure typically reserved for major urban
centres," said Daniel Thompson, chief operating officer, Data FX.
"As a solution provider for multi-billion dollar residential and
commercial developments throughout Australia we're responsible for
ensuring our customers - and their customers - get the best
possible experience from our technology solutions," Thompson said.
"That's why Nortel, with its proven technology, was chosen for Q1,
and why we'll continue specifying Nortel for major developments
where carrier-grade availability, speed and reliability are simply
non-negotiable." "Service providers like Data FX are increasingly
using Nortel's technology to deliver carrier grade services to a
wide range of customers such as property developers, neighbourhood
communities and multinational enterprises," said Mark Stevens,
president, Australia and New Zealand, Nortel. "The network deployed
throughout Q1 means that work does not need to be a place you go,
but rather a thing you do," Stevens said. "Using Nortel technology,
Data FX has delivered a solution that is designed to give Q1
residents access to the same powerful business infrastructure
enjoyed by millions of business users in major financial centres.
This means they can enjoy the lifestyle benefits of this
magnificent development without foregoing access to the same rich
multimedia and networking facilities they rely on for their
business. It's literally the best of both worlds." Data FX provides
Q1 residents with broadband Internet services routed through
Nortel's Ethernet switched infrastructure to each apartment. "One
of the unique features of our Q1 solution is two-way Internet
access, which means upload speeds match download speeds for a
faster, less restricted experience," Thompson said. "This means
guests and residents can enjoy all the benefits of a super-fast
network like video-on-demand and real-time video conferencing." Q1
is the world's tallest residential tower, featuring 526 one, two
and three bedroom apartments, 80 floors, conference facilities,
ground floor retail outlets, sandy beach lagoon swimming pool, spa,
sauna and fitness centre, and Australia's only beachside
observation deck. About Nortel Nortel is a recognised leader in
delivering communications capabilities that enhance the human
experience, ignite and power global commerce, and secure and
protect the world's most critical information. Serving both service
provider and enterprise customers, Nortel delivers innovative
technology solutions encompassing end-to-end broadband, Voice over
IP, multimedia services and applications, and wireless broadband
designed to help people solve the world's greatest challenges.
Nortel does business in more than 150 countries. For more
information, visit Nortel on the Web at www.nortel.com. For the
latest Nortel news, visit www.nortel.com/news. Certain information
included in this press release is forward-looking and is subject to
important risks and uncertainties. The results or events predicted
in these statements may differ materially from actual results or
events. Factors which could cause results or events to differ from
current expectations include, among other things: the outcome of
regulatory and criminal investigations and civil litigation actions
related to Nortel's restatements and the impact any resulting legal
judgments, settlements, penalties and expenses could have on
Nortel's results of operations, financial condition and liquidity,
and any related potential dilution of Nortel's common shares; the
findings of Nortel's independent review and implementation of
recommended remedial measures; the outcome of the ongoing
independent review with respect to revenues for specific identified
transactions, which review will have a particular emphasis on the
underlying conduct that led to the initial recognition of these
revenues; the restatement or revisions of Nortel's previously
announced or filed financial results and resulting negative
publicity; the existence of material weaknesses in Nortel's
internal control over financial reporting and the conclusion of
Nortel's management and independent auditor that Nortel's internal
control over financial reporting is ineffective, which could
continue to impact Nortel's ability to report its results of
operations and financial condition accurately and in a timely
manner; the impact of Nortel's and NNL's failure to timely file
their financial statements and related periodic reports, including
Nortel's inability to access its shelf registration statement filed
with the United States Securities and Exchange Commission (SEC);
the impact of management changes, including the termination for
cause of Nortel's former CEO, CFO and Controller in April 2004; the
sufficiency of Nortel's restructuring activities, including the
work plan announced on August 19, 2004 as updated on September 30,
2004 and December 14, 2004, including the potential for higher
actual costs to be incurred in connection with restructuring
actions compared to the estimated costs of such actions; cautious
or reduced spending by Nortel's customers; increased consolidation
among Nortel's customers and the loss of customers in certain
markets; fluctuations in Nortel's operating results and general
industry, economic and market conditions and growth rates;
fluctuations in Nortel's cash flow, level of outstanding debt and
current debt ratings; Nortel's monitoring of the capital markets
for opportunities to improve its capital structure and financial
flexibility; Nortel's ability to recruit and retain qualified
employees; the use of cash collateral to support Nortel's normal
course business activities; the dependence on Nortel's subsidiaries
for funding; the impact of Nortel's defined benefit plans and
deferred tax assets on results of operations and Nortel's cash
flow; the adverse resolution of class actions, litigation in the
ordinary course of business, intellectual property disputes and
similar matters; Nortel's dependence on new product development and
its ability to predict market demand for particular products;
Nortel's ability to integrate the operations and technologies of
acquired businesses in an effective manner; the impact of rapid
technological and market change; the impact of price and product
competition; barriers to international growth and global economic
conditions, particularly in emerging markets and including interest
rate and currency exchange rate fluctuations; the impact of
rationalization and consolidation in the telecommunications
industry; changes in regulation of the Internet; the impact of the
credit risks of Nortel's customers and the impact of customer
financing and commitments; general stock market volatility;
negative developments associated with Nortel's supply contracts and
contract manufacturing agreements, including as a result of using a
sole supplier for a key component of certain optical networks
solutions; the impact of Nortel's supply and outsourcing contracts
that contain delivery and installation provisions, which, if not
met, could result in the payment of substantial penalties or
liquidated damages; any undetected product defects, errors or
failures; the future success of Nortel's strategic alliances; and
certain restrictions on how Nortel and its president and chief
executive officer conduct business. For additional information with
respect to certain of these and other factors, see the most recent
Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed
by Nortel with the SEC. Unless otherwise required by applicable
securities laws, Nortel disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Nortel, the
Nortel logo and the Globemark are trademarks of Nortel Networks.
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