Nortel Networks and EMC partner to deliver optically-networked storage solutions

Nortel Networks (NYSE/TSE: NT), a provider of optical networking, and EMC Corporation, a provider of information storage, announced they have formed an alliance to offer optically-networked storage solutions. These solutions, designed to extend the benefits of mission critical storage networking over campus, metro and wide area systems, can yield cost savings and improved efficiencies for enterprises and enable new service opportunities for service providers.

As part of the alliance, Nortel Networks and EMC are collaborating on development, testing, and marketing of open, standards-based solutions that will be focused on breaking through technological barriers associated with connectivity and extend the reach of storage networks. These solutions will be based on Nortel Networks leading OPTera Metro multiservice platform and EMC's information storage systems and software.

EMC and Nortel Networks have tested Nortel Networks CRM applications with an optically-networked storage infrastructure as an example of an application that can realize significant benefits from the combined technologies.

The alliance also includes collaboration on marketing initiatives, including a joint presentation at the upcoming executive seminar series "Information at the Speed of Light," to highlight next-generation, optically-enabled, storage networking solutions. This seven-city seminar tour is scheduled to commence May 30, 2001 and will take place throughout North America. To learn more about the seminar events, visit www.nortel-emc.com.

About EMC:

EMC Corporation (NYSE: EMC) provides information storage systems, software, networks and services. For more information, visit www.emc.com.

About Nortel:

Nortel Networks is an Internet and communications provider with capabilities spanning Optical, Wireless, Local, Personal Internet and eBusiness. For more information, visit www.nortelnetworks.com.