Agreement Adds Polycom Video, Telepresence to New Nortel Multimedia Services PLEASANTON, CALIFORNIA -- (MARKET WIRE) -- May 09, 2007 -- Nortel(1) (TSX: NT)(NYSE: NT) and Polycom(1), Inc. (NASDAQ: PLCM) will jointly deliver immersive telepresence and high definition (HD) video conferencing solutions to enterprises worldwide under an agreement announced today. Nortel will resell and service Polycom video solutions as part of its new Multimedia Services portfolio. Nortel video conferencing services featuring Polycom solutions will enable global organizations to create a more efficient, effective and productive environment for collaboration among geographically dispersed employees, customers and suppliers. The non-exclusive agreement with Nortel covers the entire line of Polycom video conferencing solutions, including telepresence, conference room and desktop video for multipoint conferencing; video network management and scheduling; and recording, streaming and archiving of video conferences and content. These standards-based solutions are part of the Polycom UltimateHD(1) architecture, which offers the high quality, scalability and backwards compatibility necessary to provide an unrivaled user experience. "These solutions can seamlessly connect multiple locations in a virtual meeting experience so real participants will almost believe they're in the same room," said Dietmar Wendt, president, Global Services, Nortel. "Teaming with Polycom, Nortel can deliver comprehensive video conferencing solutions and services that provide more efficient and effective communications across the globe, improving an organization's productivity and business reach while delivering significant savings in network operations." "As companies move toward more global business operations, maintaining effective communication and collaboration among knowledge workers, customers, partners and suppliers becomes more challenging," said Robert Hagerty, chairman and chief executive officer, Polycom. "The good news is that there are amazing new tools like Polycom's RealPresence(1) Experience (RPX(1)) and HDX(1) video conferencing systems to help enhance communication and collaboration among dispersed teams, mobile workers, and telecommuters." "Using instantaneous collaboration tools such as voice and video to meet and share content enables faster decisions, raises productivity, enhances relationships, and improves knowledge access and transfer," Hagerty said. "We are teaming with Nortel to drive increased adoption of these technologies among customers around the world." Additional information about Polycom RPX HD telepresence and HDX video conferencing solutions is available at www.polycom.com/RPX(2) and www.polycom.com/HDX(2). About Polycom Polycom, Inc. is the worldwide leader in unified collaborative communications (UCC) that maximize the efficiency and productivity of people and organizations by integrating the broadest array of high definition video, wired and wireless voice, and content solutions to deliver the ultimate collaborative experience. Polycom's high quality, standards-based conferencing and collaboration solutions are easy to deploy and manage, as well as intuitive to use. Supported by an open architecture, they integrate seamlessly with leading telephony, workplace wireless telephony, and presence-based networks. With its market-driving technologies, best-in-class products, alliance partnerships, and world-class service, Polycom is the smart choice for organizations seeking proven solutions and a competitive advantage from on-demand communications and collaboration. For additional information, call 800-POLYCOM or visit the Polycom web site at www.polycom.com.(2) About Nortel Nortel is a recognized leader in delivering communications capabilities that make the promise of Business Made Simple a reality for our customers. Our next-generation technologies, for both service provider and enterprise networks, support multimedia and business-critical applications. Nortel's technologies are designed to help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people to the information they need, when they need it. Nortel does business in more than 150 countries around the world. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news. Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Nortel's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different from those contemplated in forward-looking statements. For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. (1)Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks. Polycom, UltimateHD, RealPresence, RPX and HDX are trademarks of Polycom, Inc. (2)These are 3rd party links as described in Nortel's Web linking practices. Use of the terms "partner" and "partnership" does not imply a legal partnership between Nortel and any other party. Contacts: Nortel Mark Buford (972) 362-1512 Email: [email protected] Website: www.nortel.com Polycom, Inc. Kevin Young (925) 924-5706 Email: [email protected] Website: www.polycom.com