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Equinix And Bechtel Form Strategic Alliance For Global Buildout Of Equinix Ibx™ Facilities To House Internet Core

November 4, 1999 Bechtel Corporation is entering into a strategic alliance with EquinixSM, Inc. to carry out the largest expansion of Internet interconnection facilities ever contracted. Under the company's $1.2 billion program, Bechtel will build or expand for Equinix more than 30 facilities around the world over the next four years. Equinix and Bechtel will set forth in the final agreement the specific services to be performed by Bechtel at each IBXâ„¢ (Internet Business Exchangeâ„¢) facility location. The IBX facilities will allow content providers, Internet service providers (ISPs), and specialized Internet service companies to install and operate equipment in strategic locations, easing the problems associated with interconnecting disparate systems, services, and networks.

Equinix IBX facilities will enable customers to improve the performance and reliability of their e-commerce sites and make it possible for them to integrate services from multiple providers under neutral conditions and more favorable pricing. The facilities will measure tens of thousands of square feet and will be geared to supporting critical aspects of Internet business transactions with such features as scalability of infrastructure, multilevel financial-grade security, increased reliability, diversity and choice among Internet service providers, and complete operational neutrality.

Bechtel will manage the entire buildout, evaluating sites and existing buildings, providing engineering and design services, procuring materials and equipment, managing construction, and supporting start-up.
"Project owners rely on Bechtel to make first-of-a-kind projects work," said John Carter, Bechtel executive vice president. "We'll apply the same kind of skill and dedication to build Equinix's IBX facilities in short order as we do for our work in civil infrastructure, energy installations, and other areas for which we are traditionally known."

Equinix, based in Redwood City, California, is designing and building the first global, neutral IBX facilities. They will serve as the core of a scalable Internet and IP (Internet Protocol) network for the 21st century. IBX facility design offers customers built-from-the-ground-up colocation with unsurpassed service delivery, unlimited availability of bandwidth from multiple networks, highly scalable interconnection, complete neutrality, and unsurpassed financial-grade security. Content providers, ISPs, carriers, component service providers (CSPs), and application service providers (ASPs) have complete access to the services and customers they require to build and expand their businesses. These IBX facilities will ensure that Equinix customers have maximum network connections, content, and Internet commerce transaction availability now and in the future, while optimizing revenues and reducing operating costs. Equinix customers include MCI WorldCom, Akamai, Teleglobe, RemarQ, NaviNet, and Concentric. For more information, please visit the company's web site at www.equinix.com.

Bechtel (www.bechtel.com) is one of the world's leading engineering, construction, and development companies. The company has sustained its reputation for excellence with such recent projects as the Hong Kong International Airport; the Circe Pan-European fiber-optic system; Motorola's MOS-17 wafer fabrication facility in Tianjin, China; Los Pelambres copper mine in northern Chile; the Atlantic LNG complex in Trinidad; the Channel Tunnel Rail Link in England; the Dabhol phase 1 power project near Mumbai (Bombay); the management of the Nevada Test Site for the U.S. Department of Energy; and the modernization of Cantarell, the world's largest offshore oil field, in Mexico's Bay of Campeche.