LITTLE FALLS, New Jersey,
October 20, 2016 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul
specialist, today announced that a Tier 1 US operator selected
Ceragon as its primary wireless backhaul supplier to support its
network densification and optimization strategy. This strategy is
aimed at improving subscriber experience and continually meeting
the growing demand for capacity. Initial orders for the FibeAir
IP-20 Platform of over $4 million
have been received in Q4.
Ceragon's FibeAir IP-20 Platform, with its unique multicore
technology, offers the operator a highly innovative, quick rollout
with the scalability to increase capacity as its network expands
and densifies over time. "We are delighted to partner with the
operator to support its network strategy," said Ira Palti, president and CEO of Ceragon. "Our
IP-20 Platform is highly deployed worldwide and is second-to-none
in the industry in terms of generating value to our customers
through its high capacity, field-proven reliability and its
versatility for use in any deployment scenario. We look forward to
a successful long term partnership."
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the world's #1 wireless
backhaul specialist. We help operators and other service providers
worldwide increase operational efficiency and enhance end
customers' quality of experience with innovative wireless backhaul
solutions. Our customers include wireless service providers, public
safety organizations, government agencies and utility companies,
which use our solutions to deliver 4G, mission-critical multimedia
services and other applications at high reliability and speed.
Ceragon's unique multicore technology provides a highly reliable,
high-capacity 4G wireless backhaul with minimal use of spectrum,
power and other resources. It enables increased productivity, as
well as simple and quick network modernization. We deliver a range
of professional services that ensure efficient network rollout and
optimization to achieve the highest value for our customers. Our
solutions are deployed by more than 460 service providers, as well
as hundreds of private network owners, in more than 130
countries.
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Ceragon Networks® and FibeAir® are registered trademarks of
Ceragon Networks Ltd. in the United
States and other countries. CERAGON ® is a trademark of
Ceragon Networks Ltd., registered in various countries. Other names
mentioned are owned by their respective holders.
Safe Harbor
This press release contains statements concerning
Ceragon's future prospects that are "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are based on the
current beliefs, expectations and assumptions of Ceragon's
management. Examples of forward-looking statements include:
projections of capital expenditures and liquidity, competitive
pressures, revenues, growth prospects, product development,
financial resources, restructuring costs, cost savings and other
financial matters. You may identify these and other forward-looking
statements by the use of words such as "may," "plans,"
"anticipates," "believes," "estimates," "targets," "expects,"
"intends," "potential" or the negative of such terms, or other
comparable terminology. These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially, including risks associated
with a further decline in revenues beyond
Ceragon's expectations, the risk that
Ceragon's expectations regarding future profitability
will not materialize; the risk that Ceragon will not achieve the
benefits it expects from its expense reduction and profit
enhancement programs; the risk that Ceragon will not continue to
comply with the financial or other covenants in its agreements with
its lenders; risks associated with doing business in Latin America in general and in Brazil in particular, including currency
export controls and recent economic concerns; risks
relating to the concentration of our business in India, Africa, and in developing nations, including
political, economic and regulatory risks from doing business in
those regions; the risk of significant expenses in connection with
potential contingent tax liability; and other risks and
uncertainties detailed from time to time in Ceragon's Annual Report
on Form 20-F and Ceragon's other filings with the Securities and
Exchange Commission, and represent our views only as of the date
they are made and should not be relied upon as representing our
views as of any subsequent date. We do not assume any obligation to
update any forward-looking statements.
Media Contact:
Matthew Krieger
GK Public Relations
Tel: + 914-768-4219
matthew@gkpr.com
Company Contact:
Tanya Solomon
Ceragon Networks
Tel: +972-3-543-1163
tanyas@ceragon.com
Investor Contact:
Claudia Gatlin
Tel. +1-(212)-830-9080
claudiag@ceragon.com
SOURCE Ceragon Networks Ltd