Cogent Signs Nationwide Deal with Regional Gigapops
WASHINGTON, D.C., July 14, 2003 - Cogent Communications, a Tier One, optical ISP, today announced that it will provide a number of regional GigaPoPs, that are participants of The Quilt, with a significant amount of high quality/low cost bandwidth on a nationwide basis. This Cogent bandwidth will enable GigaPoPs that provide regional network aggregation for universities, research institutions, government agencies, and non-profits to continue their work and research using bandwidth intensive applications without the fear of reaching bandwidth restrictive budget caps.
Cogent's offered competitive pricing to regional GigaPoPs, such as MAGPI (Mid-Atlantic GigaPoP in Philadelphia for Internet2), the Northern Crossroads (NoX), MERIT and CENIC, that will enable them to get the lowest priced bandwidth in the country at the equivalent of $10 per megabit per month. The deal will eventually result in over 15 Gigabits of additional Cogent IP transit ports with participants of the Quilt in 2003 and 2004.
"As a participant of The Quilt organization, MAGPI views the relationship with Cogent Communications as being strategic to its mission of providing affordable and sustainable connectivity to the region's research and educational communities," said Greg Palmer, MAGPI Director. "Justification for connectivity to the Internet2 and MAGPI networks has been made possible in many cases based on the savings experienced through Cogent Internet access, thereby enabling applications that would not have otherwise been possible."
"Cogent communications was designed from the ground up to be the highest quality/lowest cost provider of Internet service in the country. After operating for several years, our business model is proving itself to be both a market disruptor and a business enabler at the same time," said Dave Schaeffer, CEO Cogent Communications. "Today, hundreds of network service providers like the regional participants of The Quilt connect to Cogent so they too, can offer higher quality Internet service at lower, more competitive pricing to their customers."
To date, Cogent Communications has connected a variety of Universities and Colleges, some of which include the University of Pennsylvania, The George Washington University, Tufts University, Stanford University, DePaul University and University of California, Berkeley.
About The Quilt™
The Quilt gathers over twenty leading research and education networking organizations in the United States to promote consistent, reliable, interoperable, and efficient advanced networking services that extend to the broadest possible community; and to represent common interests in the development and delivery of advanced network services. Participants in The Quilt provide network service for over 150 Internet2 universities and thousands of other educational institutions. Internet2, a university-led research and development consortium, provides organizational support for The Quilt. For more information, see: http://www.thequilt.net/.
About Cogent Communications
Cogent Communications (AMEX: COI) is a Tier 1, facilities based, all-optical ISP focused on delivering ultra-high speed Internet access and transport services to businesses in the multi-tenant marketplace and to service providers located in major metropolitan areas across the United States and Canada. Cogent's simple product set includes either 100 Mbps or 1,000 Mbps dedicated, non-oversubscribed bandwidth at $1,000 and $10,000 per month respectively. These connections are delivered over Cogent's 80 Gbps backbone, making Cogent's network the largest of its kind in the country.
The Cogent solution offers the elusive combination of higher quality at a lower price. Technology, combined with network ownership has made Cogent's ultra-high speed Internet access an affordable reality for small and medium-sized businesses, as well as a significant cost saver for the largest enterprises and service providers.
Cogent's network consists of a dedicated nationwide multiple OC-192 fiber backbone, multiple intra-city OC-48 fiber rings, and optically-interfaced high-speed routers. Cogent has been recognized as the first IP Optical Cisco Powered Network (CPN). In April 2002, Cogent acquired the majority of the U.S. operations of PSINet including their three data centers located in NY, LA and Herndon, VA. As a result of the acquisition, Cogent is now offering service in over 30 metropolitan markets with bandwidth ranging from T1 to 1,000 Mbps as well as colocation services in the data center locations.
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Information in this release may involve expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Cogent Communications Group, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent's registration statements filed with the Securities and Exchange Commission and in its other reports filed from time to time with the SEC.