Hatteras Networks CEO Wins Best Telecom Executive Award

6th Annual American Business Awards(SM) recognizes Kevin Sheehan
with Stevie(R) Award
RESEARCH TRIANGLE PARK, N.C.--(Business Wire)--
Hatteras Networks, the leader in Mid-Band Ethernet solutions,
announced today that Kevin Sheehan, Hatteras Networks' CEO, won the
Stevie Award for Best Executive in Telecommunications at the 2008
American Business Awards last night.

Sheehan has led Hatteras Networks' success in the Mid-Band
Ethernet market over the past few years. He and his team continue to
lead the expansion of the market segment, successfully selling and
supporting their award-winning Ethernet platforms to all types and
sizes of telecommunications carriers around the world. Sheehan is
committed to the success of his customers in growing their businesses,
and has spearheaded a number of highly successful marketing and
awareness campaigns targeted at educating the carrier community on the
benefits and range of applications Mid-Band Ethernet delivers. He and
his team have also won several industry awards for technology
innovation, customer advocacy and market leadership.

"I'm thrilled to have been chosen to win this award, especially
considering the caliber of the other professionals that were
recognized by the Stevies," said Sheehan. "This award belongs to the
entire Hatteras Networks team, which has been and continues to be the
catalyst for the incredible success of our company as well as for the
proliferation of Mid-Band Ethernet across the globe."

The awards were presented during ceremonies at the Marriott
Marquis Hotel in New York City. The ceremonies were hosted by Cheryl
Casone of Fox Business Network and broadcast nationwide on radio by
the Business TalkRadio Network. More than 2,600 entries from companies
of all sizes and in virtually every industry were submitted for
consideration. Members of the Awards' Board of Distinguished Judges &
Advisors and their staffs selected Stevie winners from among the
finalists, which were chosen by business professionals nationwide
during preliminary judging in April and May.

About Hatteras Networks

Hatteras Networks is redefining the way carriers think about
Ethernet services. Hatteras Networks' Ethernet service edge solutions
are leading Service Providers worldwide to a $21 billion expansion of
the Metro Ethernet market, which had previously been limited to the
fiber footprint. Historically, T1s and E1s have been the fundamental
building block for voice and data business services. Now, Service
Providers can cost-effectively offer up to 45 Mbps Mid-Band Ethernet
services over existing copper facilities, enabling businesses to
migrate from legacy Frame Relay, ATM and T1/E1 connections to
transparent Ethernet services for voice and data business
connectivity, infrastructure backhaul and mobile wireless backhaul
solutions.

Already deployed on five continents, Hatteras Networks solutions
are enabling a market expansion for carriers that is as significant
for business services as "triple play" is for residential. For more
information, visit www.hatterasnetworks.com.

About The Stevie Awards

Stevie Awards are conferred in four programs: The American
Business Awards, The International Business Awards, The Stevie Awards
for Women in Business, and the Stevie Awards for Sales & Customer
Service. Honoring companies of all types and sizes and the people
behind them, the Stevies recognize outstanding performances in
business worldwide. Learn more about The Stevie Awards at
www.stevieawards.com.

Connect2 Communications
Andrea Joest, 919-554-3532
andrea@connect2comm.com

Copyright Business Wire 2008