Telcordia Collaborates with Hong Kong Innovation and Technology Commission for Research and Development Center Program; Expands Presence in Asia-Pac to Advance Industry Transformation, Innovation

PISCATAWAY, N.J.--(BUSINESS WIRE)--June 16, 2005--Telcordia continues to expand its presence in the Asia-Pacific region by participating in the Research and Development (R&D) Center Program, which was recently launched by the Innovation and Technology Commission (ITC) of the Hong Kong Special Administrative Region Government. After being recognized by the ITC as one of the world's foremost leaders in technology and applied research, Telcordia was subsequently invited to participate in the R&D Center Program, the ITC's new strategic framework for innovation and technology development. Five R&D centers will be set up in the second half of this year under the R&D Center Program, including R&D centers for information and communications technologies, nanotechnology and advanced materials, textile and clothing, auto parts and accessory systems, and logistics and supply chain management enabling technologies.

"With its strong global financial infrastructure and competitive manufacturing environment, Hong Kong is rapidly establishing itself as a world-class, high-tech center and knowledge-based economy," said Anthony Wong, Commissioner for Innovation and Technology. "After a thorough review of potential partners for this program, the ITC decided that Telcordia was a natural choice given its unmatched domain expertise in information networking and communications, which will ensure that the R&D Center Program achieves optimal success."

“With its strong global financial infrastructure and competitive manufacturing environment, Hong Kong is rapidly establishing itself as a world-class, high-tech center and knowledge-based economy”

Telcordia researchers will work with scientists from the Hong Kong Applied Science and Technology Research Institute (ASTRI), which hosts the ITC's R&D Centers to develop next-generation technologies in the areas of wireless communications, multimedia content management and collaboration, security, telematics and RFID enabling systems. Developments from the research will help advance the technological growth of the burgeoning Hong Kong region and contribute to the global transformation of the information networking and communications industry.

"This collaboration is a natural progression in Telcordia's expansion as a global leader in the communications industry," said Adam Drobot, senior vice president, Applied Research for Telcordia. "This partnership creates an opportunity for the company to maximize the success of existing relationships and expand upon strategic R&D efforts in one of the largest and fastest growing technology centers and communications markets in the world."

One of the goals for the R&D Center Program is to facilitate commercial uptake of research by acting as a focal point for conducting industry-oriented R&D and providing platforms for adoption and commercialization of research deliverables. The primary objective is to leverage and respond to the growing demand for innovation and advanced technologies from the tens of thousands of manufacturers in the Pearl River Delta (PRD), China. Known as the "World's Factory," the PRD, has 80,000 factories employing more than 15 million workers. Advanced information networking and emerging communication technology developments made from the R&D centers will help enable manufacturers to upgrade their capabilities from Original Equipment Manufacturer (OEM) to Original Design Manufacturer (ODM).

As part of the agreement, intellectual property and other developments coming out of the joint research collaboration may be incorporated into Telcordia's Elementive portfolio of solutions and licensed to partners to meet the ever-evolving requirements of service providers around the world. Operations at the center are expected to commence in the fall of 2005.

About Telcordia Technologies, Inc.

Telcordia Technologies, Inc. is a leading global provider of telecommunications network software and services for IP, wireline, wireless, and cable. As the industry continuously evolves, Telcordia is focused on being the undisputed transformation partner for its customers. By delivering flexible, standards-based software solutions and consulting services that optimize complex network and business support systems, Telcordia helps customers transform their business while aggressively reducing costs and growing revenues. Telcordia is headquartered in Piscataway, N.J., with offices throughout the United States, Canada, Europe, Asia, Central and Latin America. (www.telcordia.com)

About Innovation and Technology Commission, the Hong Kong Special Administrative Region Government

The Innovation and Technology Commission was established on 1 July 2000 with the mission to spearhead Hong Kong's drive to become a world class, knowledge-based economy. The Commission works closely with other government departments, the industrial and business sectors, tertiary institutions and industry support organizations, with an aim to build a solid foundation for innovation and technology development and facilitate international trade, through supporting applied research and development, facilitating technology ventures, providing technological infrastructure, developing human capital and promoting internationally accepted standards and conformity assessment services. (www.itc.gov.hk)

Contacts

Telcordia Technologies, Inc.
Krista Wald, 732-699-5050
kwald@telcordia.com
OR
Horn Group, Inc.
Ashiya N. Smith, 212-931-5214
asmith@horngroup.com

Better Be Business Wired.

Business Wire is the leading source for press releases, photos, multimedia and regulatory filings from companies and groups throughout the world.