Paragon Networks Achieves
Brookfield, CT, - As a positive sign
of things to come, Paragon Networks'
management team recently announced
the company has achieved record profitability
for its fourth quarter in fiscal year
2003, ending June 2003. CEO &
President Russ Hawkins explained,
"Reflecting the industry's recent
optimism and future outlook, Paragon
Networks experienced the highest sales
in June 2003 compared to any previous
month's sales for the fiscal year.
June's record sales combined with
our record profitability for the most
recent quarter is a confirmation of
our efforts in the last year to meet
the customer's need while reducing
With customers in 27 countries represented
by 175 different telecommunications
providers, Paragon Networks is well
positioned to meet the challenges
in an uncertain economy. Reini Florin,
Executive Vice President of Sales,
Marketing & Customer Support commented,
"Paragon's recent success validates
the significant value proposition
we provide to cellular, PCS, and other
service providers around the world."
Sales in the last quarter consisted
of Paragon Networks' BROADway®,
MASTERseries, CELLlink, and MASTERview
product families. Paragon Networks
will soon announce the release of
additional products in the BROADway
product line: the FREEway DS3 point-to-point
microwave radio, and the BROADway
1000 M13 multiplexer (a smaller version
of the standard BROADway system).
Paragon Networks is a privately held,
venture-funded innovator of transmission
and networking solutions for mobile
and fixed communications companies.
The company has been providing products
to wireless service providers since
1996. Today, nine out of the top ten
(based on number of subscribers) US
wireless service providers are customers
of Paragon Networks. Highlighting
the company's long-term, consistent
growth, Paragon Networks was ranked
one of the fastest growing technology
companies in the Deloitte & Touche
Fast 50 for Connecticut for the past
three years, and the latest Deloitte
& Touche North America Fast 500.
About Paragon Networks
Paragon Networks manufactures products that, using either
wireline, wireless, or optical transmission facilities,
provide voice and data service connectivity, performance
monitoring, compression, aggregation, layer 3 routing,
quality of service filtering, and protection switching
of both client and operations support systems traffic.
Leading global wireless service providers such as Verizon,
Cingular, Sprint PCS, Telcel, Nextel, and others around
the world utilize Paragon Networks' products and technologies.
Designed specifically for wireless service providers
(WSP), Paragon Networks' suite of backhaul solutions
enable the rapid deployment of voice and data services
and provide a migration path to 3rd Generation networks.
Paragon Networks is a privately held company with ownership
shared between leading venture capital companies and
its employees. Headquartered in Brookfield, Connecticut,
Paragon Networks distributes its products worldwide
through a network of both direct and indirect channels.
For more information, visit Paragon Networks' web
site at www.paragon-networks.com
Marketing Communications Manager
Telephone: (203) 740-3650
Product Marketing Director
Telephone: (203) 740-3650