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Orckit-Corrigent Continues Global Expansion with Local Addition in Thailand

CE+T networking vendor boosts its presence in APAC with new office and VP of sales covering Thailand, Laos and Myanmar

Tel Aviv, Israel - March 9, 2010 - Orckit Communications Ltd. (NASDAQ: ORCT), the leading Carrier Ethernet + Transport (CE+T) networking vendor, today announced the establishment of a new office in Thailand. The company has also appointed Mr. Monchai Kunwattanakorn as the new VP Sales for Thailand, Laos and Myanmar, where he will lead the new sales office, based in Bangkok. Mr. Kunwattanakorn brings with him vast sales and business development experience in the telecommunication industry from his previous leadership positions at Nortel, Siemens and Ericsson.

“This announcement, which comes on the heels of three recent office additions in Latin America and Southern Asia, serves as further proof of Orckit-Corrigent’s global expansion and efforts to improve local support in 2010,” said Mr. Oren Tepper, Vice President, corporate sales at Orckit-Corrigent. “Together with our existing offices in Japan and Korea, as well as our new offices in the Philippines and India, we now have a more solid presence in APAC, demonstrating our commitment and investment in this market.”

The fixed and mobile telecommunication market in Thailand continues to grow due to increasing demand for residential, enterprise and mobile services. Analyst firm HeavyReading has predicted total fixed revenues of $1,974 million and total mobile revenues of $6,107 million for 2009. With an increase of per-population broadband subscribers by 27 percent per year, the demand for additional bandwidth and advanced services is obvious.

“IPTV, mobile real-time content and other advanced telecommunication services are just starting to ramp up in Thailand, Laos and Myanmar,” said Mr. Monchai Kunwattanakorn, VP Sales Thailand, Laos and Myanmar at Orckit-Corrigent. “Orckit-Corrigent’s field-proven Carrier Ethernet + Transport solutions present technical and cost advantages, which are an excellent fit for the local market opportunities such as FTTx plans and 3G expansions.”

Tags: Bangkok, Carrier Ethernet, Monchai Kunwattanakorn, New Office, Orckit, Oren Tepper, Telecommunications, Thailand, Transport