[October 23, 2012]

Peerless Network Opens New Data Center in Downtown Chicago

Peerless Network (News - Alert), a leading provider of carrier interconnection services and enterprise telecommunications, today announced the opening of its state-of-the-art data center and colocation facility located at 840 South Canal Street. The 12,600 square-foot facility will house the company's Network Operations Center (NOC (News - Alert)), support ongoing network expansion plans and help alleviate the shortage of premium colocation space in downtown Chicago.

The facility represents a $5 million dollar investment creating a significant number of local construction jobs and potential full-time employment opportunities within the Chicago area. To date, Peerless has received multiple Letters of Intent (LOIs) from leading technology companies and existing customers representing nearly 50% of the available space.

"Chicago has rapidly become a hotspot for technology and business innovation," said John Barnicle, President and CEO of Peerless Network. "Our new facility provides a cutting-edge environment to further fuel Chicago's digital revolution. We're very pleased that a number of ur existing customers have already recognized the value and sophistication of this facility's infrastructure."

Peerless Network's data center and colocation facility includes:

• 8,000 square feet of colocation space served by multiple power grids, full DC battery, redundant UPS (Uninterruptable Power Supply) with dedicated backup diesel generator;
• A 'high-fog' pre-action fire suppression system that can utilize up to 70% less water;
• Sophisticated cooling systems capable of delivering over 350 tons of cooling and zero points of failure to provide constant airflow, temperature and humidity control;
• Advanced bio-metric secure access, camera surveillance and monitoring;
• Direct access to leading fiber providers as well as fiber routes to other data center locations in the city.

A key component Peerless Network's data center offering is a comprehensive remote support program to provide onsite maintenance and trouble resolution for customers. Remote support will be available 24 hours a day, 7 days a week by Peerless' highly-skilled engineers and Network Operations Center (NOC) technicians.

"Peerless Network's data center provides welcome relief and much needed new infrastructure for technology-driven companies. It's quickly proven itself to be a premier data center in Chicago," said Alex Smith of Cushman & Wakefield.

About Peerless Network

Peerless Network is a leading provider of interconnection and data center services focused on simplifying how networks, devices and people connect. Headquartered in Chicago, Peerless Network is among the nation's fastest-growing privately held companies and ranked 97th overall on the 2012 Inc. 500 list. Please visit our website at www.peerlessnetwork.com.

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