Transmode Appoints Asia Pacific Exec to Board

Transmode, a supplier of packet-optical networking solutions, has appointed Kevin Taylor as a new independent non-executive director on the board. Taylor is currently president, Asia Pacific, of BT Global services and chairman of the Hong Kong British Chamber of Commerce. POD Venture Partners is Transmode’s largest shareholder.

PRESS RELEASE

Transmode, a global supplier of packet-optical networking solutions, today announced the appointment of Kevin Taylor as a new independent non-executive director on the Transmode Board.

Kevin Taylor, currently President, Asia Pacific, of BT Global services and Chairman of the Hong Kong British Chamber of Commerce, joins the Transmode Board of Directors. Mr Taylor has been working in the Asia Pacific region for more than 18 years. In addition to his knowledge of Asia, he brings a wealth of experience working for Tier 1 service providers.

“I am very pleased to welcome such an experienced industry and business professional as Kevin Taylor to join the Board of Directors at Transmode” said Kent Sander Chairman of the Board. “Mr. Taylor is a very well connected and highly influential businessman in Asia and will be able to contribute a great deal to the continued global expansion of the company. As he joins the Board I would also like to take the opportunity to thank Simon Cornwell and Alex Rogers for their significant contributions to the success of the company as they stand down.”

Before joining BT, in Dec 2003, Mr Taylor served in General Management positions with Descartes Systems, James Martin & Co (now part of Genpact) and Data Sciences Corp. (now part of IBM).

“I am delighted to be joining the Board of Transmode at such an important time for the optical networking market.” said Mr. Taylor. “The need for capacity in metro and regional networks is being driven by new telecommunications devices and Transmode is ideally positioned to help carriers build the optical networks that are required to deliver high capacity services. I look forward to working with such a talented management team and contributing to a growing company.”

Kevin Taylor joins the existing Transmode Board members:- Eva Lindqvist (Independent); Tom Nyman (Pod Investment); Gerd Tenzer (Independent); Torbjörn Nilsson (Independent); Axel Roos (Pod Investment); and Kent Sander (Chairman). Simon Cornwell (Amadeus Capital Partners) and Alex Rogers (HarbourVest Partners) are standing down.

For more information on this press release please contact:

Ola Elmeland
Vice President Marketing & Communications
Transmode Systems AB
Telephone: +46 8 506 882 71
Email: ola.elmeland@transmode.com

About Transmode
Transmode is a global provider of packet-optical networking solutions that enable fixed line and mobile network operators to cost effectively address the capacity needs created by the rapid growth in video and data traffic. These solutions are important building blocks in next-generation high-speed optical networks that support services such as broadband backhaul, mobile data backhaul, video delivery services and cloud computing. Transmode’s solutions are based on Wavelength Division Multiplexing (WDM) and packet optical transport technologies, which are designed to increase the capacity, flexibility and functionality of optical metro core and metro access networks. Transmode’s Intelligent WDM (iWDM(TM)) approach gives key advantages to customers, such as ultra-low latency, low power consumption and innovative network design.

Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ-OMX Stockholm Exchange (TRMO). Since 2000 the company has installed more than 30,000 systems for over 400 fixed and mobile network operators, service providers, large enterprises and public institutions in over 40 countries across the globe.