Press Release

SAMSUNG Electronics to Provide Enterprise-Class CPEs to Covad

Feb 25. 2008

Nashville, Tenn., Feb 25th, 2008 - Samsung Electronics Co., Ltd. (Samsung), a global leader in telecommunication systems and mobile handsets, and Covad Communications Group, Inc., a leading national provider of integrated voice and data communications, today announced an agreement that enables Covad to begin marketing Samsung's business-class multi-service gateways called Ubigate to its wholesale and reseller partners.

The Ubigate Series enables a simplified and comprehensive network infrastructure by converging routing, switching, voice, and security onto a single, easy-to-manage platform. Samsung's multi-service gateways are optimized for small and medium businesses (SMBs) and support best-in-class security for various types of attacks.

"Our relationship with Covad represents another step in the execution of Samsung's strategic plan to penetrate into voice and data convergence market. We will continuously look into using Samsung's industry-leading products to deliver best in class solutions to Covad," says Alex Kim, Vice President of Global Sales & Marketing, Samsung Electronics.

"We are excited to join with Samsung to provide our partners and customers the latest in business-class solutions," said Lisa Graham, General Manager of Wholesale Services for Covad. "We are very confident in Samsung's ability to understand our business and the needs of our partners."

Covad has successfully deployed the nation's largest next-generation broadband network. Covad's services on this network include line-powered voice access and ADSL 2+.

As Samsung and Covad extend their partnership to deliver CPE equipment for T1 Router service, both companies are confident that the partnership will yield greater value in the SMB marketplace.

About Samsung Electronics

 

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2007 consolidated sales of US$103.4 billion. Employing approximately 150,000 people in 134 offices in 62 countries, the company consists of five main business units: Digital Media Business, LCD Business, Semiconductor Business, Telecommunication Business and Digital Appliance Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com .