Zhone Technologies, Inc : Zhone Technologies Receives NASDAQ Notification Related to Minimum Bid Price; Will Request Hearing

  Zhone Technologies, Inc : Zhone Technologies Receives NASDAQ Notification
              Related to Minimum Bid Price; Will Request Hearing

Zhone Investor Relations        Zhone Public Relations
Tel: +1 510.777.7013            Tel: +1 404.460.8578
Fax: +1 510.777.7001            E: aurora.arlet@edelman.com
E: investor-relations@zhone.com

Oakland, CA - June 19, 2013 - Zhone Technologies, Inc. (NASDAQ: ZHNE), a
global leader in FTTx network access solutions, today announced that on June
18, 2013, Zhone received a Staff Delisting Determination letter from the
Listing Qualifications Staff of The NASDAQ Stock Market LLC ("NASDAQ")
notifying the Company that it had not regained compliance with the $1.00
minimum bid price requirement for continued listing on The NASDAQ Capital
Market, as set forth in Listing Rule 5550(a)(2), and that, as a result, the
Company's securities would be subject to delisting unless the Company timely
requests a hearing before the NASDAQ Listing Qualifications Panel (the
"Panel").

The Company intends to timely request a hearing before the Panel, at which the
Company will present its plan to regain compliance with the minimum bid price
requirement, including via the implementation of a reverse stock split if
necessary. While the Company is diligently working to regain compliance, there
can be no assurance that the Panel will grant the Company's request for
continued listing.

About Zhone Technologies
Zhone Technologies, Inc. (NASDAQ: ZHNE) is a global leader inall IP
multi-service access solutions, serving more than 750 of the world's most
innovative network operators.The IP Zhone is the only solution that enables
service providers to build the network of the future.today, supporting
end-to-end Voice, Data, Entertainment Social Media, Business, Mobile Backhaul
and Mobility service. Zhone is committed to building the fastest and highest
quality All IP Multi-Service solution for its customers. Zhone is
headquartered in California and its products are manufactured in the USA in a
facility that is emission, waste-water and CFC free.

Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone
Technologies, Inc. Other brand and product names are trademarks of their
respective holders. Specifications, products, and/or products names are all
subject to change without notice.

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Source: Zhone Technologies, Inc via Thomson Reuters ONE
HUG#1710431
 
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