Menara Networks Wins Light Reading's Leading Lights Award
for Best New Startup

DALLAS & IRVINE, Calif., Oct 27, 2008 (BUSINESS WIRE) -- Menara Networks, an optical networking specialist, was named as the telecommunications industry's "Best New Startup" at Light Reading's annual Leading Lights Awards gala dinner in New York City on Monday night. The award acknowledges Menara Networks' innovative and unique products and solutions that bring disruptive economics to the transport of 10 GE Ethernet services.

Menara's CTO & co-founder Salam El-Ahmadi, who accepted this prestigious industry award on behalf of the company, praised Menara's team of outstanding engineers and employees, and the company's unique silicon and system expertise for delivering the industry's only system-in-a-module that greatly simplifies Ethernet transport networks.

Leading Lights Awards were determined by a panel of judges comprised of editors from Light Reading, the world's largest online news service dedicated to the telecommunications industry and analysts from Heavy Reading, a market research organization with similar focus. The judges also took into consideration an extensive industry-wide on-line survey that cumulated in over 26,000 votes. The Leading Lights Awards recognize public and private telecommunications companies for their outstanding achievements in next-generation communications. The "Best New Startup Award" is bestowed upon a "recently launched private company that ...has the best chance at success because of its proven managers, solid backing, and interesting products or services addressing next-generation communications markets."

Menara's CEO, Siraj El-Ahmadi said, "We are proud to receive this award from such a credible industry source. We are excited and humbled by the strong endorsement we have received from the industry for our game-changing products and solutions, as expressed by the large number of votes cast in our favor. We strongly believe that, in light of the difficult economical situation, our game changing products, that eliminate substantial capital and operational cost from the network, are a great asset to service providers world-wide. We look forward to continue working with our customers and partners and make positive contributions to their bottom line and time-to-market."

About Menara Networks
Menara Networks develops innovative products and solutions that greatly simplify today's layered optical transport networks. Leveraging the company's proprietary high speed ICs and its extensive expertise in optical networking and system design, Menara products provide optical networks with superior performance and improved service velocity while reducing network elements and overall network cost. Menara's MSA-compliant transceivers with integrated ITU-T G.709 OTN enable OEM customers to seamlessly and rapidly unlock the potential of their platforms by offering unique opportunities for expanded addressable markets and faster revenues. The Company is funded by Sigma Partners, Spark Capital, Concept Ventures, and Applied Materials venture capital arm. Menara is headquartered in Dallas, Texas and has an IC design center in Irvine, California. For more information, visit www.menaranet.com or call 214-303-1600 ext. 28.