Press Release

March 20, 2006 - Wave7 Optics Selected to Build New FTTP Network for CableOne in New Mexico.  CableOne, One of the Top Ten Cable TV Companies in the U.S., to Provide Triple-Play Services to 7000 Home Development in Rio Rancho Using Wave7's Award-Winning Last Mile Link System

LAS VEGAS - March 20, 2006 - Wave7 Optics Inc., a leading supplier of fiber-to-the-home and -premises (FTTH/FTTP) broadband network equipment for residential and business services, today announced here at the TelecomNEXT conference and exhibition a new 7000-home FTTP network with CableOne in Rio Rancho (Albuquerque), New Mexico.  CableOne, one of the top ten MSOs in the U.S. and a unit of The Washington Post Company, will deploy Wave7's Last Mile Link System in the new "Mariposa" residential development.  The companies are in the process of connecting the first 1000 homes and will connect the remainder depending on the pace of construction and other factors. 

"We have toured Wave7 installations in other parts of the country and came away impressed with what their current customers have to say - especially in the area of video services, which are the key to triple play service packages -- and the high-quality network design, deployment and integration with other network elements," said Jim Hannan, VP of Engineering for CableOne.  "We have successfully integrated the Wave7 equipment into our existing architecture, which includes softswitch, router, layer 3 switch and other equipment, and we foresee no problems as we expand to the homes and businesses of Mariposa." 

"Being selected by one of the country's leading MSOs is a big moment for Wave7 and we look forward to completing this project for CableOne and perhaps engaging with them for other projects elsewhere in their service area," said Emmanuel Vella, CMO of Wave7 Optics.  "More and more MSOs are looking at FTTP for green field deployments as the economics compare favorably with the cost of advanced HFC while reducing operational costs. Additionally, FTTP infrastructure offers much more room to grow in terms of bandwidth and services such as HDTV." 

Wave7 Optics at TelecomNEXT is exhibiting the industry's most diverse FTTP product line in booth 1063 of the Mandalay Bay Convention Center. 

About CableOne 

Headquartered in Phoenix, CableOne owns and operates cable television systems that provide digital television and Internet services to more than 720,000 customers in midwestern, southern and western United States.  In addition, the company is introducing voice services throughout its service areas over the next few years. 

About Wave7 Optics

Wave7 Optics has established itself as an industry leader in optical broadband access systems with an expanding FTTP product portfolio featuring a variety of architectural options, based on IP and Ethernet or ATM standards, for "triple play" voice, video and data services.  The company's patented Last Mile Link and Trident7 systems are gaining market share rapidly around the world with service providers in the IOC, CLEC, MSO, municipal, utility and real estate development categories.

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