DENVER--(BUSINESS WIRE)--CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center solutions across the U.S., announced today that CoreSite will host the FASTER submarine network’s Los Angeles landing, directly connecting the West Coast of the U.S. with Japan. Backed in part by Google, FASTER addresses the traffic demands for broadband and mobile content on the trans-Pacific route.
FASTER is backed by a total of six investing companies, including Google, China Mobile International, China Telecom Global, Global Transit, KDDI and Singtel, and has been designed with 6-fiber-pair cable and optical transmission technologies with an initial capacity of 60Tb/s (100Gb/s x 100 wavelengths x 6 fiber-pairs). The FASTER system is expected to begin operating during the second quarter of 2016.
“CoreSite drives high-performance solutions to business requirements by connecting strategic communities of interest supported by best-in-class network and computing services,” said Tom Ray, CEO of CoreSite. “The FASTER submarine cable system will be the seventh subsea cable to offer direct access from our Los Angeles campus, augmenting the importance of CoreSite’s data center platform in the trans-Pacific route to key APAC markets.”
CoreSite’s Los Angeles campus includes the One Wilshire data center (LA1) as well as the 424,000 square-foot Wilshire Annex (LA2), connected by robust dark-fiber assets. With over 500 current customers, 230 of which are networks, CoreSite’s LA campus is one of the most densely interconnected data center campuses in the world, making it a strategic landing point on the FASTER cable system. Using FASTER, CoreSite customers will benefit from a state-of-the-art route connecting businesses to the APAC region.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center solutions across eight key North American markets. More than 800 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 350+ dedicated employees consistently deliver unmatched data center options -- all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the geographic concentration of CoreSite's data centers in certain markets and any adverse developments in local economic conditions or the demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition; CoreSite's failure to obtain necessary outside financing; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; and other factors affecting the real estate industry generally. All forward-looking statements reflect CoreSite's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, CoreSite disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause CoreSite's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in CoreSite's most recent annual report on Form 10-K, and other risks described in documents subsequently filed by CoreSite from time to time with the Securities and Exchange Commission.
