We are a few years removed from when governments around the world set aspirational targets of 100 Mbps speeds and 2013 was a milestone year for this initiative as carriers around the world established concrete plans to deliver on those targets. 

Today, ADTRAN’s hundred megabit equipment is being deployed in the U.S., Europe and Latin America and we expect that this wave of deploy- ment will last several years into the future. However, change requires breakthroughs and breakthroughs require time, as with the recent launch of system- level vectoring in the second half of 2013. 

In 2007, ADTRAN presented its research and technical findings to the leading industry standards body. This changed the trajectory of this promising technology, enabling system-level vectoring to become a viable mass-market solution. This technol- ogy holds the promise to enable carriers to deliver hundred megabit services to customers around the world via existing infrastructure, overcoming major economic deployment hurdles. This industry break- 

Today, there is a synergistic reaction, a perfect storm of technical capabilities that is accelerating the rate of change in innovation. As a result, we believe the demand for connectivity and capacity will continue to escalate. 

## CHANGE 

through was pioneered by ADTRAN and implemented by the combined efforts of our U.S. and European engineering teams and marks the most successful product launch in company history. 

In terms of bandwidth, hundred megabit service is just the beginning. During the year, we introduced several products that squarely focused on gigabit service delivery. We worked with service providers who are taking a leadership role in moving the in- dustry forward in global innovation. Our innovative gigabit broadband platforms, like the Total Access 5004 introduced in late 2013, have differentiated us in the marketplace as demonstrated by our leading Fiber-to-the-Premises (FTTP) market momentum and recent major customer wins across multiple mar- kets. Our gigabit services delivery architecture boasts industry-leading throughput capacity, advanced traffic management and simplified service automa- tion that will fuel the market penetration of gigabit broadband services within the residential, cloud and backhaul segments. 

