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 For Immediate ReleasePATH 1 NETWORKS ANOUNCES EXPANSION INTO ASIAN PACIFIC MARKET- Frontiers Company Becomes Path 1's First Distributor in Japan and the Asia Pacific Region - SAN DIEGO -(May 13, 2003) -- Path 1 Network Technologies, Inc. (OTC Bulletin Board: PNWK) (Frankfurt: PNT), the pioneer and industry leader in providing broadcast quality video-over-IP networks, announced today it has entered into an agreement with Tokyo-based Frontiers Company, Ltd. to distribute and resell Path 1's integrated products and solutions for the delivery of video-over-IP networks and DSL. The deal combines Path 1's expertise in high-quality video transport over IP networks and Frontiers' position as a leading value-added reseller of optical networking equipment serving Japan and other countries in the Asia Pacific. Frontiers Company Ltd. (http://www.big-frontiers.co.jp/eng/) is a leading value-added reseller of optical networking equipment serving Japan and other countries in the Asia Pacific region. Frontiers' customers include NEXION, PoweredCom, NTT, KDDI, Japan Telecom, Jupiter Telecom, Panasonic, NEC, Fujitsu, Hitachi, Mitsubishi and others. Under the terms of the agreement, Frontiers will resell Path 1's entire suite of product offerings including the Chameleon vidX product line for DSL Video over IP applications and Path 1's Cx1000 Professional Gateway for broadcast and long distance Video over IP applications. Commenting on the agreement, Hiroshi Tango, President of Frontiers Co., stated, "This deal with Path 1 allows Frontiers to offer state-of-the-art video over IP solutions to our existing clientele throughout the Far East and Asia Pacific. Path 1's products are the first in the world to enable an economically viable solution for the transportation of broadcast-quality video over IP networks and DSL. This capability is particularly important to Telco operators in Asia Pacific markets. Unlike the U.S. market, which predominantly utilizes coaxial cable and fiber to deliver television programming and video-on-demand to end users, Asia utilizes an extensive legacy infrastructure of twisted-pair copper, which possesses limited bandwidth. Besides this Japan promotes FTTH aggressively. As the trend toward convergence of television and packet-based technologies explodes, this partnership will further Frontiers' position as one of Japan's leading end-to-end system integrators." Fred Cary, CEO of Path 1, commented, "This agreement with Frontiers launches what we anticipate will become a significant presence for Path 1's industry-leading products in Asia. Having a respected local partner in an overseas market that provides hands-on sales, service and customer support is invaluable. Broadcasters and Telcos throughout Asia now have the necessary support to confidently move forward with the implementation of real-time broadcast-quality video-over-IP networks and DSL. " About Path 1 Network Technologies, Inc. Path 1 Network Technologies, Inc. is the pioneer and industry leader in providing broadcast quality video over packet-based IP networks. Path 1 products are sold directly and also through OEM relationships with Scientific Atlanta and Internet Photonics. Nine carriers have certified the Path 1 "long-haul" gateway for use on their IP backbones. From the delivery and distribution of broadcast materials to Video on Demand (VOD), Path 1's video infrastructure platforms allow high quality transmission of point-to-point, multipoint and multiplexed data over legacy IP systems. Video-over-IP service offerings using Path1 products are available throughout the US and Europe. Asian IP offerings are slated for launch in early 2003. For additional information please visit http://www.path1.com or call 877/ONE-PATH (663-7284). About Frontiers Company, Ltd. Frontiers Company Ltd. is a leading value-added reseller and system integrator of optical networking equipment serving Japan and other countries in the Asia Pacific region. Frontiers provides entire solution for broadcast quality video transportation optimizing broadband infrastructure by WDM, ATM, SDH/SONET, and IP. Frontiers' customers include NEXION, PoweredCom, NTT, KDDI , Japan Telecom, Jupiter Telecom, Panasonic, NEC, Fujitsu, Hitachi, Mitsubishi and others. For additional information please visit http://www.big-frontiers.co.jp/eng/ or call +81-426-70-8840. SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward- looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance, that we may be unable to obtain necessary financing to continue operations and development, and other risks identified in our annual report on Form 10-K and other filings with the SEC. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Path 1 undertakes no obligation to update such statements.
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| About Press Release Midori Kaito Public Relations Dept., Frontiers Co., TEL：03-5459-3155 FAX：03-5459-3156 E-mail：midori-kaito@big-frontiers.co.jp |
About Products Sales Dept., Frontiers Co., TEL：03-5459-3155 FAX：03-5459-3156 E-mail：info@big-frontiers.co.jp |
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