Pannaway and net.com Partner to Expand IP Telephony Solution for Triple Play

Pannaway and net.com Partner to Expand IP Telephony Solution for Triple Play Partnership Enables ILECs to migrate to VoIP without requiring forklift upgrades PORTSMOUTH, N.H. and FREMONT, Calif., Jan. 26 /PRNewswire-FirstCall/ -- Pannaway Technologies, a leading provider of converged voice, video and data platforms to broadband service providers and net.com (NYSE:NWK), a global supplier of communications equipment, announced today they have finalized an integration and distribution agreement whereby Pannaway will integrate net.com's SHOUT platform into its industry-proven Service Converged Network (SCN(TM)) triple play solution. Pannaway will also provide Tier 1 service support for all SCN-based SHOUT products. The agreement enables telecommunications service providers, including Incumbent Local Exchange Carriers (ILEC), to seamlessly deliver carrier-class end-to-end SIP-based VoIP telephony services, high-quality digital IP video and high-speed (26 Mbps) Internet access over a single broadband connection - without costly infrastructure upgrades. Pannaway's SCN is the only solution that allows carriers to deliver all the advanced calling features of SIP-based VoIP without the need to replace existing Class 5 switches. Pannaway's selection of the SHOUT platform expands SCN's SIP-based VoIP service capabilities for its customers' subscribers. SHOUT's integrated SS7 functionality enables seamless connectivity of IP telephony traffic directly to the existing PSTN. By supporting existing PSTN interfaces such as SS7, SHOUT allows carriers to migrate to VoIP without requiring them to replace their existing switching infrastructure. "After extensive customer trials, it was apparent that SHOUT was a cost- effective, easy-to-use platform for carriers to deliver advanced VoIP services to subscribers," said Michael Skubisz, chief technical officer for Pannaway. "The key driver that led Pannaway to integrate SHOUT into its SCN was its ability to interwork SIP with the SS7 protocol in a single, affordable, compact solution." Bert Whyte, president and CEO of net.com, noted, "We are very impressed with Pannaway's SCN system and are delighted to be a part of it. We are also impressed with Pannaway's attention to detail in providing telecommunications service providers with a complete solution for the delivery of triple play services. SHOUT is an industry-proven platform that continues to provide exceptional value to our partners and to their telco customers." Today, Pannaway has numerous ILEC customers already using the integrated SCN and SHOUT platform to deliver high-revenue triple play services to thousands of rural subscribers. Pannaway's SCN allows carriers to deliver VoIP, IP digital video and high- speed Internet access with a cap and grow strategy as opposed to the forklift upgrades required by most next generation VoIP equipment manufacturers. About Pannaway Pannaway Technologies designs the industry's first carrier-class end-to- end IP solution for converged voice, video and data service delivery. Pannaway's innovative technology enables telecommunications companies worldwide to deliver unified services to homes and businesses at a fraction of their historical costs. The privately held company was founded in April 2002 and is headquartered in Portsmouth, New Hampshire. Its founding management team, with over 90 years of collective experience in the industry, has played a pioneering role in the telecommunications equipment sector. For more information, please visit www.pannaway.com. About net.com Network Equipment Technologies, Inc., doing business as net.com, develops and delivers platforms for broadband, Internet telephony, and multiservice networks. An architect of the networking industry, net.com has been supplying service providers, governments and enterprises around the world with bulletproof networking technology for more than 20 years. net performance. net results. net.com. SHOUT, net.com and the net.com logo are trademarks of Network Equipment Technologies, Inc. Pannaway and the Service Converged Network are trademarks of Pannaway Technologies, Inc. Source: net.com CONTACT: Brenda Ropoulos of net.com, +1-510-574-2508 or brenda_ropoulos@net.com; Richard Williams 919-554-35-32 or rwilliams@zonicgroup.com, for net.com; N.E.T. Federal Contact: Tonya Bacon, +1-301-408-4500 or tbacon@gotostrategic.com; Dale Allaire of Pannaway, +1-603-766-8615 or allaire_d@pannaway.com; or Dan Gaffney, +1-781-782-5817 or gaffney@lpp.com Web site: http://www.net.com/ ------- Profile: International Entertainment