Israel Electric Corporation Modernizes Network with Ciena

October 17, 2017 9:00 AM

Utility’s new 100G network to enable fast connectivity and enhanced data security

HANOVER, Md.--(BUSINESS WIRE)-- Israel Electric Corporation (IEC), the largest supplier of electrical power in Israel, is transforming its network with Ciena’s (NYSE: CIEN) converged packet optical and software platforms to respond to the growing demand for IT and telecommunications services. Ciena’s solutions will also enable IEC to build and deliver secure high-speed broadband services for private overlay networks as part of IEC’s business development activities.

Key Facts:

Executive Comments:

About Israel Electric Corporation

The Israel Electric Corporation (IEC) is a public and government-owned company, generating and supplying electricity to all sectors; approx. 99.85% of the shares are government-owned. Its activities include the generation, transmission and transformation, distribution, supply and sale of electricity to customers. IEC owns and operates 17 power stations with 63 generating units: 18 steam-driven and 45 gas turbines, of which 14 are combined-cycle units. Its Installed capacity stood on 31.12.16, at 13,617 MW. IEC supplies reliable high-quality electricity, complies with leading service standards, maintaining economic, commercial and environmental principles. As of 31.12.16 IEC employs 11,908 employees and provides service to approx. 2.72M customers. Furthermore, the Company is a licensed essential service supplier (as defined in the Electricity Sector Law, 1996) and functions as constructor of the required infrastructure for the remainder of its activities.

About Ciena

Ciena (NYSE: CIEN) is a network strategy and technology company. We translate best-in-class technology into value through a high-touch, consultative business model – with a relentless drive to create exceptional experiences measured by outcomes. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, as a result of risks and uncertainties, including those detailed in our most recent annual or quarterly report filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Ciena Corporation

Press Contact:

Jason Dorado, +1 410-694-5700

pr@ciena.com

or

Israel Electric Corporation

Lirov ben-Yaacov, +972-54-6091600

Liron.ben-yaakov@iec.co.il

or

Ciena Corporation

Investor Contact:

Gregg Lampf, +1 410-694-5700

ir@ciena.com

Source: Ciena Corporation

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