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Press Release
Laurel Networks Relocates to Larger Facility
to Support Company Growth
Pittsburgh, PA, May 1, 2001 - Laurel
Networks, a company developing high performance IP service routers
for the edge of long-haul backbone networks, today announced the
opening of its new headquarters in a greatly expanded facility in
Robinson Township, Allegheny County.
Laurel’s fast-track growth dictated the
move to this new space, which provides Laurel’s Pittsburgh-based
staff of 125 with 30,000 square feet of space with room for expansion
to support future business needs. The space will be utilized as
offices, laboratories, and a customer briefing center and will
serve as the center for design, development, and prototyping of
Laurel’s networking products.
The move to the Omega Corporate Center, owned
and managed by Kossman Development Company, was facilitated by
a grant from the Commonwealth of Pennsylvania under the Opportunity
Grant Program. Funds connected to the grant were earmarked to
support costs associated with the expansion of Laurel’s headquarters
facility in the Pittsburgh region. “In the past six years,
Pennsylvania has proven its capacity for growth. And high-tech
Pennsylvania companies like Laurel Networks are proving it pays
to grow in the Commonwealth,” says Pennsylvania Governor
Tom Ridge “Laurel Networks is not only developing high-capacity
routing systems for business – they’re helping invent
a high-capacity future for Pennsylvania.”
“We were very excited to have the opportunity
to lease space in the Omega Corporate Center,” said Atul
Bansal, Chief Executive Officer of Laurel Networks. “The
site is excellent in its proximity to the airport and the city
of Pittsburgh. We’re very proud of our ties to the Pittsburgh
area and are very appreciative of the regional efforts that foster
a good business climate for high technology companies. This new
corporate space will meet the needs of our company and its employees
now and well into the future.”
Laurel Networks’ new mailing address, effective
April 30th is Omega Corporate Center, 1300 Omega Drive, Pittsburgh,
Pennsylvania 15205. The main telephone number is 412-809-4200.
About Laurel Networks
Laurel Networks is developing high capacity service edge routers
to enable the creation and delivery of premium services across
an MPLS core. Laurel’s solution supplies service providers
with a combination of features that lead to high-value IP services:
high capacity routing and switching; rich bandwidth management
functionality; and high density, multi-service ports. Designed
for the edge of an IP/MPLS network, the service edge router is
deployed through a streamlined packet network architecture that
offers intelligent routing at the edge and MPLS high-speed switching
at the core. Laurel products are scheduled to ship to initial
customers in the second half of the year. Laurel Networks was
founded in 1999 and is headquartered in Pittsburgh, Pennsylvania.
For more information about Laurel, visit http://www.laurelnetworks.com.
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