BROOMFIELD, Colo., April 23, 2012 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE: LVLT) today announced that it has been selected by Collaborative Telecare Networks (CTN), a provider of network connectivity for the healthcare industry, to improve the efficiency, security and reliability of the company's network capabilities.
Based in Denver, CTN offers healthcare organizations "enterprise-medical-grade" network connectivity. CTN will rely on Level 3's IP (Internet protocol) and colocation services to ensure these organizations have reliable, secure and scalable high-performance bandwidth access with minimal latency in support of their increasing data demands and emerging telemedicine applications.
"Collaborative Telecare is dedicated to ensuring healthcare providers have the bandwidth performance capabilities, redundancy and security necessary to support cutting-edge technology applications in telemedicine," said Steve Ward, CEO of Collaborative Telecare Networks. "Level 3's advanced IP services are industry leading in terms of latency performance. They enable us to provide a better customer experience and provide us access to a truly global network backbone capable of expanding as our customer base and needs grow."
The emergence of telemedicine applications is changing the way healthcare organizations provide medical services, increasing the need for network solutions that are capable of ensuring low-latency, secure and redundant connectivity. Moreover, the healthcare industry is in the middle of a fundamental transformation in the way it stores, shares and manages patient information, medical research, telemedicine applications and other medical data. The industry continues to struggle with the demands of explosive data growth as it attempts to transition patient information to digital data that can be stored and shared seamlessly over communications networks. The federal government's HITECH (Health Information Technology for Economic and Clinical Health) Act has incentivized the transition to electronic health records and included time-bound conditions in order to promote the swift, widespread adoption of and conversion to digital health information.
"Given the advances being made today in mobile healthcare and telemedicine, healthcare organizations increasingly need network partners that can help them deliver critical services as efficiently and securely as possible, while ensuring their ability to scale to meet any future demand," said Karl Strohmeyer, senior vice president of Sales for Level 3. "Level 3's network is uniquely designed to provide the communications solutions necessary for healthcare organizations to remain nimble, grow and succeed in this dynamic industry, and we are delighted to work with Collaborative Telecare Networks to help support their healthcare customers."
Level 3 Communications, Inc. (NYSE: LVLT) is a premier global provider of IP-based communications services to enterprise, content, government and wholesale customers. Over its reliable, scalable and secure network, Level 3 delivers integrated IP solutions, including converged, data, voice, video and managed solutions to help enable customers' growth and efficiency. Level 3 operates a unique global services platform anchored by owned fiber networks on three continents in more than 45 countries, connected by extensive undersea facilities. For more information, visit www.level3.com.
Level 3 maintains a corporate website at www.level3.com, and you can find additional information about the company through the Investors pages on that website at http:// http://lvlt.client.shareholder.com/. Level 3 uses its website as a channel of distribution of important information about the company. Level 3 routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investor Relations web pages.
Visitors to the Investors Relations web pages can view and print copies of Level 3's SEC filings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with the SEC.
Copies of the charters for each of the Audit, Compensation and Nominating and Governance committees of Level 3's Board of Directors, its Corporate Governance Guidelines, Code of Ethics, press releases and analysts and investor conference presentations are all available through the Investor Relations web pages.
Please note that the information contained on any of Level 3's web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.
Some statements made in this press release are forward-looking in nature and are based on management's current expectations or beliefs. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. Important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the company's ability to: successfully integrate the Global Crossing acquisition or otherwise realize the anticipated benefits thereof; manage risks associated with continued uncertainty in the global economy; obtain additional financing, particularly in the event of disruptions in the financial markets; manage continued or accelerated decreases in market pricing for communications services; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; adapt to rapid technological changes that could adversely affect the company's competitiveness; defend intellectual property and proprietary rights; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; attract and retain qualified management and other personnel; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.