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CIENA CORPORATION

(CIEN)
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Ciena : Telesat Selects Ciena for Low Earth Orbit Terrestrial Network Technology - Ciena

10/12/2021 | 12:52pm EST

Telesat Lightspeed network combines the global reach of satellites with leading-edge network architecture to provide true carrier-grade connectivity

Telesat, one of the world's largest and most innovative satellite operators, is deploying Routing and Switching platforms from Ciena (NYSE: CIEN) for its Telesat Lightspeed terrestrial backhaul network. Ciena's advanced routing and switching technology will ensure that Telesat has a modern, cost-effective network that takes advantage of emerging technologies including network functions virtualization (NFV) and edge computing to efficiently support both existing and future customer requirements.

The Telesat Lightspeed network will initially be comprised of 298 advanced Low Earth Orbit (LEO) satellites that seamlessly integrate with terrestrial networks. LEO satellites operate 25 to 30 times closer to the Earth's surface than traditional satellites and can process data with ultra-low latency-typically on par with fiber-optic speeds, even to the world's most rural and remote locations.

Ciena is supplying hardware and software that will provide high-speed, high-capacity connections to governments, telcos, mobile operators, and other enterprise customers for the delivery of 5G, cloud computing, video, and other bandwidth-intensive broadband services.

Telesat will use Ciena's 3926 and 5170 platforms to provide agile, assured MEF-compliant services at its points of presence (PoPs), as well as terrestrial connectivity to as many as 50 Earth-based landing stations. The Ciena platforms have advanced quality of service (QoS) mechanisms, including hierarchical ingress metering, that will provide Telesat with fine-grained control of network traffic. Ciena's Manage, Control and Plan (MCP) domain controller will provide highly effective software control and automation to drive business agility.

Additionally, Telesat is utilizing Ciena Services for terrestrial network design, implementation, and testing.

Executive Comments:

"As the leading provider of aggregated, global Tier 1 carrier connectivity, Ciena's field-proven routing and switching technology will ensure flexible, reliable connectivity between our Earth station antennas and Points of Presence throughout the world. The seamless integration of on-ground data networks with our advanced Telesat Lightspeed satellites will ensure unmatched speed and performance for our global enterprise and government customers."

­ Aneesh Dalvi, Director, Landing Stations and User Terminals, Telesat

"Telesat's enterprise customers-MNOs, ISPs, aviation, and maritime companies-are seeking high-throughput, super-low-latency connectivity to support delay-sensitive applications like cloud-based services. Telesat Lightspeed, powered by Ciena networking technology on the ground, makes reliable satellite broadband at fiber-like speeds possible."

­ Bruce Hembree, Vice President and General Manager, Americas, Ciena

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world's most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company's Low Earth Orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Operating under its international priority Ka-band spectrum rights, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds.

Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat's principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For more information, visit www.telesat.com.

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive NetworkTM in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world's most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Telesat Forward-Looking Statements Safe Harbor

This news release contains statements that are not based on historical fact and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "can", and "will", or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the "Risk Factors" section of Telesat Canada's Annual Report on Form 20-F for the fiscal year ended December 31, 2020 and in Telesat Canada's Quarterly Report on Form 6-K for the quarters ending March 31, 2021 and June 30, 2021, all of which can be obtained on the SEC website.

Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, the ability to successfully deploy an advanced global LEO satellite constellation, the availability of government and/or other funding for the LEO satellite constellation, the receipt of proceeds in relation to the re-allocation of C-band spectrum, volatility in exchange rates, risks and expense associated with becoming a publicly listed company the ability to expand our existing satellite utilization and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat's beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein.

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
CIENA CORPORATION -0.96% 61.09 Delayed Quote.13.47%
LORAL SPACE & COMMUNICATIONS INC. -7.20% 41.52 End-of-day quote.97.81%
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Financials (USD)
Sales 2021 3 604 M - -
Net income 2021 510 M - -
Net cash 2021 754 M - -
P/E ratio 2021 19,1x
Yield 2021 -
Capitalization 9 465 M 9 465 M -
EV / Sales 2021 2,42x
EV / Sales 2022 2,16x
Nbr of Employees 7 032
Free-Float 99,2%
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Managers and Directors
Gary B. Smith President, Chief Executive Officer & Director
James E. Moylan Chief Financial Officer & Senior Vice President
Patrick H. Nettles Executive Chairman
Stephen B. Alexander Chief Technology Officer & Senior Vice President
Lawton Wehle Fitt Independent Director
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