FOR RELEASE MONDAY JANUARY 31, 2005
Lucent Worldwide Services team in Korea applies years of experience with complex integration work to growing home networking market Seoul, Korea - Lucent Technologies (NYSE: LU) today announced it has signed a contract with InChon Urban Development Corporation (IUDC), a Korean government construction agency, to supply home networking solutions for the Songdo Redevelopment project. This project plans to bring digital home networking capabilities to every new residential building in Songdo area.
Under the terms of the contract, Lucent Worldwide Services (LWS), a leading network integrator, will supply and install home networking systems such as residential gateways, security systems, switches, routers and electronic devices to help IUDC build "smart apartments."
These specialized buildings provide residents with instant access to security, home entertainment and information services and give them the ability to remotely control appliances via a broadband network using optical Fiber To The Home (FTTH). LWS will also provide IUDC with a comprehensive offering that includes deployment, maintenance, and professional services.
"LWS has extensive experience integrating complex communications networks. We were able to use this knowledge to bring broadband technology directly into the homes and every day lives of the residents of these new buildings", said Eugene Yoo, managing director of the LWS Korea team. "This flagship contract will open up more business opportunities for Lucent in the growing Asian home networking market".
Lucent Korea has established its credentials for addressing the home networking market by broadened its local alliances in the last few years. Lucent Korea began its foray into this market in Busan, Korea, when it signed a cooperation agreement with Yulim, a major regional construction company, in 2003 and later on signed a contract to build "smart apartments". It has also participated in the consortium formed by SK Telecom for providing households with "Digital Home Pilot Service". Recently, Lucent announced a partnership with D&S Technology, a company that has an expertise in security, for cooperation on the IUDC contract.
About IUDC
The IUDC is a public corporation established by the InChon metropolitan city government in 2003. The IUDC facilitates development in the region by engaging in various construction projects including land development, residential apartment complex construction, tourist complex construction, and urban town redevelopment. For more information on the IUDC, visit its web site at www.iudc.co.kr.
About Lucent Technologies
Lucent Technologies designs and delivers the systems, services and software that drive next-generation communications networks. Backed by Bell Labs research and development, Lucent uses its strengths in mobility, optical, software, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for its customers, while enabling them to quickly deploy and better manage their networks. Lucent's customer base includes communications service providers, governments and enterprises worldwide. For more information on Lucent Technologies, which has headquarters in Murray Hill, N.J., USA, visit www.lucent.com.
For more information, reporters may contact: Wendy Zajack
Lucent Technologies
571-434-8045 (office)
973-449-2951 (mobile)
Email:wzajack@lucent.com
Jay Keum
Lucent Technologies
+82 2 767 4059 (office)
+82 18 201 3333 (mobile)
Email:jkeum@lucent.com
