Press Release

November 18, 2003 - Pittsburgh, PA — Laurel Networks, Inc., the first provider of high-performance service edge routers, today announced the appointment of Betsy Atkins, president and CEO of venture capital firm Baja LLC, and Don Pyle, an independent board member with over 20 years of sales management experience in the telecommunications industry, to the Laurel board of directors.

Ms. Atkins was a co-founder and director of Ascend Communications, a maker of Internet infrastructure equipment, where she played a key role in taking Ascend Communications public, setting global strategies and growing the company to $5.4 billion in worldwide sales before it was acquired by Lucent Technologies in 1999 for $23 billion. Ms. Atkins currently serves on the boards of directors of Polycom (Nasdaq: PLCM) and UTStarcom (Nasdaq: UTSI).

Prior to joining the Laurel board, Mr. Pyle was the vice president of North American Sales at Juniper Networks. At Cisco Systems, he managed one of the largest regions in the service provider division. He served in a similar capacity at StrataCom prior to its acquisition by Cisco. Previously, Mr. Pyle spent 10 years at Case Communications where he held sales and sales management positions focused on the service provider market.

"Laurel's service edge routers have been deployed by an ever-growing number of service providers across the globe, and we are well positioned to emerge as the leading provider of the next generation of packet-based network infrastructure solutions," said Atul Bansal, president and CEO of Laurel Networks. "The seasoned talent we've added to the board is a logical step in our expanding sales and partnership strategy and will aid in accelerating our revenue growth."

About Laurel Networks
Laurel Networks is leading the creation of The New Service Delivery Architecture to enable profitable delivery of data and IP services at the edge of carrier IP/MPLS networks. Laurel's service edge routers and service management software are evolving carrier architectures from multiple data networks to a single packet-switched architecture with minimal capital investment. Combining carrier-class routing, data switching, advanced QoS and high availability, Laurel service edge routers support both routed and switched services. This unmatched service agility allows carriers to evolve their service portfolio to meet changing market requirements. Laurel Networks was founded in 1999 and is headquartered in Pittsburgh, Pennsylvania. For more information, visit www.laurelnetworks.com.