Mory Ejabat, Chairman and CEO of Zhone Technologies, Inc.,
Rings The NASDAQ Stock Market Closing Bell

Wednesday, May 24, 2006
at NASDAQ's MarketSite
in New York City.

Zhone Technologies, Inc. [ZHNE]

Mory Ejabat, Chairman and CEO of Zhone Technologies, Inc. presides over the closing bell.

Zhone designs and manufactures network equipment for network operators worldwide. Zhone's products are enabling enhanced service delivery by allowing network operators to deliver voice, data, video, and entertainment services over their existing networks while simultaneously retooling for converged packet-based voice (VoIP) and video (IPTV) over copper or fiber access lines. Zhone's advanced networking solutions include the Single Line Multi-Service architecture (SLMS(TM)), Multi-Access Line Concentrator (MALC(TM)), Raptor(TM) and GrandSLAM DSLAMs, EtherXtend Ethernet in the First Mile solutions, GigaMux(TM) Optical Transport Systems and Zhone Management System (ZMS(TM)). With deployments at over 600 carriers including among some of the world's largest networks, Zhone has enabled network operators to reinvent their businesses for the 21st century. For more information, please visit http://www.zhone.com.

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