Tellabs and Occam Networks announced a strategic alliance giving Tellabs exclusive rights to market, sell, and support Occam Networks' Broadband Loop Carrier products to select large North American local exchange carriers. Specifically, Tellabs has licensed Occam's Ethernet transport technologies for integration into its FiberDirect portfolio. Occam gains access to Tellabs' cabinet products, enabling the company to provide new and existing IOC customers with more deployment options for delivering services over copper access networks and to evolve to packet-based fiber networks.
Occam Networks' second-generation Broadband Loop Carrier simplifies the access network by consolidating multiple functions into a single network element that uses Ethernet as the core transport and service delivery technology. The Occam Broadband Loop Carrier also transports all VoIP to simplify the transition to next-generation switching technologies while supporting traditional Class 5 switching and POTS. The loop carrier system incorporates high-bandwidth Ethernet transport, integrated software features including IGMP routing on every blade and a series of video service management tools, and ADSL2Plus technology. Occam also features an Intelligent Blade Interconnect Architecture (IBIA) supporting low, medium or high capacity configurations. The blades are deployed in all configurations in both the remote terminal and the central office to enable universal sparing, lower cost-of-platform deployment and simplified training and operations management.
Separately, Occam Networks announced that it has completed the private placement portion of its Series A-2 Preferred Stock Financing. On March 24, 2005, Occam issued 545,979 shares of Series A-2 Preferred Stock for cash proceeds of $4.925 million and conversion of outstanding principal and interest under a promissory note totaling $534,790. The shares sold at the final closing were sold to existing venture capital investors and a new strategic investor.
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- Occam Networks added 31 new customers in 2004 for its Ethernet and IP-based loop carrier equipment.
