Boston, MA – May 23, 2006 – Axerra Networks, “The Pseudo-Wire Company®” and the leading provider of circuit emulation and service emulation solutions, announced today the opening of a new office in Korea. The new office is the latest development in Axerra’s continued expansion in the region and follows the recently-announced opening of a training center in Korea, as well as additional operations in Singapore and India.

Axerra has appointed Mr. Kimin Shin as Country Manager. Mr. Shin has extensive experience in the telecommunications industry and was most recently the Founder and CEO of AllLayer Co., Ltd. in Korea. “I look forward to building on Axerra’s strong start in Korea,” said Mr. Shin. “The market is growing quickly for Pseudo-Wire solutions, and the new office will enable us to better serve new and existing customers in this country.”

Axerra already has commercial systems installed with Korean operators as well as advanced field trials and new deployments underway. Axerra’s AXN Pseudo-Wire Gateways and Access Devices™ enable mobile operators, Ethernet service providers, cable MSOs and incumbent carriers to offer a complete range of both traditional and emerging voice and data services over next-generation Ethernet, IP, and MPLS access networks.

For mobile wireless operators, Axerra’s Pseudo-Wire solutions enable backhaul of all generations of voice and data services, including synchronization information over packet networks – including carrier Ethernet, DSL, PON, HFC, and even WiMAX. Axerra’s solutions provide immediate reduction in recurring backhaul charges while enabling the additional bandwidth needed for emerging services. For Ethernet service providers and cable MSOs, Axerra’s solutions enable the full portfolio of commercial E1 services for small/medium businesses from their existing metro Ethernet and HFC networks. For incumbent carriers, a multi-service aggregation strategy based on Axerra’s solutions enables the carrier to unify the transport of all services on a single access network, reducing costs and improving operational efficiencies.

“Kimin has the outstanding leadership capabilities and the expertise we need to strengthen our presence in Korea,” said Mr. Gil Itkin, Axerra’s VP Sales – APAC. “We welcome Kimin and look forward to even greater success in delivering Pseudo-Wire solutions to the Asia Pacific region.”

The new office is located at: 4F Hana B/D, 105-122 KongDeuk, Mapo-Ku, Seoul, Korea. The telephone number is: 82-2-3275-1054; the fax number is 82-2-3275-1052. For more information, please email: apac@axerra.com.

About Axerra Networks, Inc.

Axerra Networks is the leading provider of circuit emulation and service emulation solutions over packet access networks. Axerra’s Pseudo-Wire solutions enable mobile wireless operators, cable MSOs, competitive service providers, and incumbent carriers to extend IP + legacy voice and data services in native format over Ethernet, IP, and MPLS networks. The result is greater operational efficiency, new revenue opportunities, and a smooth migration strategy to a single converged network, without stranding any revenue streams from profitable legacy services. With Axerra’s Pseudo-Wire solutions, service providers can convert any packet access network (Carrier Ethernet, broadband wireless including WiMAX, cable HFC, xDSL, PON, etc.) into a full-service alternative to TDM access. For more information, please visit: www.axerra.com.

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