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Press ReleaseZhone Technologies Appoints Steven Levy to Board of DirectorsOakland, CA April 10, 2006
Zhone Technologies, Inc. (Nasdaq: ZHNE), the first company dedicated to
building total-delivery solutions for voice, data and video content services
worldwide, today announced that Steven Levy has agreed to serve as a director
on Zhone's board. Mr. Levy will serve as a Class I director, with his
initial term expiring at the 2008 annual meeting of stockholders.
Mr. Levy most recently served as a Managing Director and Global Head of
Communications Technology Research at Lehman Brothers. Before joining Lehman
Brothers, Mr. Levy was a Director of Telecommunications Research at Salomon
Brothers, a Managing Director and Head of the Communications Research Team at
Oppenheimer & Co. and a senior communications analyst at Hambrecht &
Quist. During his time working in the financial community, he was recognized
as one of the top analysts in the industry by a variety of independent
organizations and surveys.
"We are very pleased to welcome Steve to Zhone's Board," said
Mory Ejabat, Zhone's Chairman and CEO. "Steve brings both industry
experience and financial perspective to Zhone's Board. His tenure with
Wall Street as well as with the investment, analytic and technology
communities, will serve Zhone in its continued growth."
During his years on Wall Street, Mr. Levy researched and covered all aspects
of the telecommunications technology industry including wireless
infrastructure, voice and call processing, data networking, and video and
teleconferencing. The last group of companies that Mr. Levy covered in his
research included Lucent Technologies, Nortel Networks, Tellabs, Tekelec,
Sonus Networks and Scientific Atlanta. From 1986 through 2005 he helped bring
several technology companies public and also played a supporting role in
numerous transactions. Earlier in his career, Mr. Levy worked at AT&T for
six years.
"I am enthusiastic about the opportunity to work with Mory and the rest
of the highly regarded members of Zhone's board," said Mr. Levy.
"In this role, I look forward to representing shareholder interests and
to making a positive contribution to the corporate governance of the
organization," added Levy.
Mr. Levy currently sits on the Tut Systems (Nasdaq: TUTS), and PCTEL (Nasdaq:
PCTI) boards of directors and the advisory board of privately held GENBAND.
Mr. Levy received his M.B.A. and his B.S. in Materials Engineering from
Rensselaer Polytechnic Institute in 1980 and 1978 respectively. About Zhone Technologies
Zhone Technologies, Inc. (NASDAQ: ZHNE) is a global leader in all IP
multi-service access solutions, serving more than 750 of the world's
most innovative network operators.
The IP Zhone is the only solution that enables service providers to
build the network of the future…today, supporting end-to-end Voice,
Data, Entertainment Social Media, Business, Mobile Backhaul and Mobility
service.
Zhone is committed to building the fastest and highest quality All IP
Multi-Service solution for its customers.
Zhone is headquartered in California and its products are manufactured
in the USA in a facility that is emission, waste-water and CFC free.
Contacts:
Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone Technologies, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change without notice. |