LITTLE FALLS, New Jersey,
August 16, 2017 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul
specialist, today announced that its FibeAir IP-20 Platform was
selected by a Southeast Asia
wireless service provider to expand and modernize its nationwide
450MHz low-band high coverage CDMA network to a 4G-LTE network. In
order to meet the operator's required capacity over large
distances, Ceragon will be replacing another vendor's wireless
backhaul network as part of the network modernization process.
Ceragon has received an initial order for its products and related
services from this new customer totaling over $1.5 million, with further orders expected over
the next 2 years.
The wireless operator currently runs a nationwide CDMA network
operating exclusively at a low frequency band of 450 MHz, which
provides vast service coverage for rural parts of the country and
high service penetration in buildings in urban areas. To best
deliver on its promise of providing high quality, affordable, high
speed telecom services to rural, suburban and urban areas, as well
as remain competitive, the operator is upgrading to a 4G LTE
network to deliver high speed 4G services as well as expand service
reach by adding new sites in areas with little or no connectivity.
To avoid costly and time-consuming fiber deployments for site
backhaul, the operator requires a wireless backhaul alternative
that is able to deliver capacity of 500Mbps and beyond, with the
challenge of providing it over large distances.
As a wireless backhaul specialist, Ceragon offers the operator a
smooth, fast modernization to LTE with turnkey solutions and
services. It enables the delivery of high capacity over
exceptionally large distances with the re-use of existing assets
for re-deployment, allowing the operator to save on equipment
costs, reduce downtime, accelerate time to market and hence
increase its revenues. During field trials Ceragon's high-power
IP-20 Platform proved to be the only solution to deliver high
capacity 4G wireless backhaul over large distances, without the
need for costly relay sites.
In addition, Ceragon's unique multicore technology minimizes
future upgrade costs by allowing the operator to remotely increase
capacity with no additional hardware or crew dispatch to the
field.
"With the vast majority of web traffic consumed over mobile
devices in our customer's country, the need for 4G LTE
modernization is critical," said Ira
Palti, president and CEO of Ceragon. "Our IP-20 Platform
enables this wireless operator to quickly and cost effectively
modernize and expand its network. We help the operator enhance its
customers' quality of experience and increase its customer base,
meeting its promise to provide high quality affordable mobile
services."
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #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 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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Safe Harbor
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.
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 revenues, net income, gross margin, capital
expenditures and liquidity, competitive pressures, growth
prospects, product development, financial resources, 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 decline in revenues; the risks relating to the
concentration of Ceragon's business in India, Latin
America and in developing nations and the political,
economic and regulatory risks from doing business in those regions,
including potential currency restrictions; the risk
associated with a change in Ceragon's gross
margin as a result of changes in the geographic mix of revenues;
the risk associated with the loss of a single customer or customer
group, which represents a significant portion of
Ceragon's revenues; the risk associated with
Ceragon's failure to effectively compete with other
wireless equipment providers; 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 that 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:
Tanya Solomon
tanyas@ceragon.com
Ceragon Networks
Tel: +972-3-543-1163
Investor Contact:
Claudia Gatlin
claudiag@ceragon.com
Tel. +1-212-830-9080
SOURCE Ceragon Networks Ltd.