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Date: 13th January 2003
Transmode Systems AB recruits Vice President of Marketing from Nortel Networks

Transmode Systems AB, a leading Swedish supplier of transmission equipment for fibre optic networks, has strengthened its team even further by appointing Michael Crossey as Vice President of Marketing. Michael Crossey joins Transmode from Nortel Networks where he held a series of senior management positions in Product Marketing, Market Development and Operations.

Transmode Systems has developed a very cost efficient fibre optic transmission system for metro networks, based on Coarse Wavelength Division Multiplexing (CWDM). The product has been very successful for Transmode and the company has today customers in Europe, the US and Asia. The addition of Michael Crossey as Vice President of Marketing will allow Transmode to build on its initial success and increase the visibility of Transmode in the marketplace.

Most recently, Michael held the position of Director of Market Development, Nordics and Benelux, for Nortel Networks' Optical business in the region. In this role he was responsible for business development and technical sales for Nortel's Metro and Long Haul DWDM portfolio. Prior to this he was responsible for Product Marketing and Product Management for Nortel's Metro Optical and Access solutions in EMEA. In his role as Vice President of Marketing at Transmode Systems, Michael will be responsible for Product Management, Strategic Marketing and Marketing Communications.

"We are proud of being able to attract Michael Crossey to Transmode and are very happy to have him onboard", says Isaac Olasoko, CEO at Transmode Systems. "Michael brings considerable experience and knowledge to Transmode, and I am confident that he will prove a valuable member of the team."

"I am extremely excited to be joining Transmode Systems at this point in the evolution of the company", Michael responds. "I believe Transmode is perfectly placed to achieve significant success in the Metro networking space, with the right products at the right price-points for today's market conditions. Transmode already has an excellent track record, with an established, deployed product and a growing customer base".

"CWDM has the potential to change the cost structure of the last mile", says Gerlas van den Hoven of Genoa. "Transmode is taking advantage of the broadband nature and disruptive economics of LOA to expand the capability of this emerging network solution."

For further information, please contact:
Transmode Systems
Lars Bergström
Segment Marketing Manager
Phone: 8-506 88 225
Email: lars.bergstrom@transmode.se
Fax: 8-506 88 299

About Transmode Systems AB Transmode Systems (www.transmode.com) is a CWDM pioneer, with expertise in datacom and telecom networking, optical technologies and network management systems. Since 2000, Transmode has focused on CWDM as a key optical technology to fully exploit the existing networking protocols. Transmode has been shipping CWDM systems since March 2001 and has today customers on the European, US and Asian markets.

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