TOKYO and LITTLE FALLS, New Jersey, April 4, 2019 /PRNewswire/ -- NEC
Corporation (NEC) (TSE: 6701) and Ceragon Networks Ltd. (Ceragon)
(NASDAQ: CRNT) today announced they have entered into a
collaboration agreement to further expand their global wireless
backhaul business footprint.
With the increased pace of 5G deployments, networks are becoming
more sophisticated and complex, requiring advanced wireless
backhaul solutions that resolve 5G network challenges by enhancing
network intelligence and simplifying network rollouts. The
agreement calls for a development program, wherein the companies
will leverage both parties' rich experience and unique capabilities
in microwave and millimeter-wave communications, to develop
advanced technologies which will further accelerate innovation and
deliver premium cutting-edge solutions for 5G wireless backhaul.
NEC and Ceragon will each provide their own differentiated
solutions based on these advanced technologies.
"NEC and Ceragon will collaborate to further develop and provide
more attractive technologies for communications service providers,"
said Akihiko Kumagai, Senior
Executive Vice President, NEC Corporation. "NEC has more than 80
years of experience in the microwave radio market, and this
partnership is one part of NEC's long-term commitment to and
strategy for the market. It will help NEC to continue to grow as a
global leader in the wireless backhaul business," he added.
"This collaboration reaffirms Ceragon's commitment to continue
aggressively developing next generation technologies," said
Ira Palti, President & CEO of
Ceragon Networks. "The agreement will allow Ceragon to increase its
market leadership by spearheading innovation that delivers elite
technological advancements in the 5G wireless backhaul market,
allowing service providers to stay well ahead of the
curve."
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network
technologies that benefit businesses and people around the world.
The NEC Group globally provides "Solutions for Society" that
promote the safety, security, efficiency and equality of society.
Under the company's corporate message of "Orchestrating a brighter
world," NEC aims to help solve a wide range of challenging issues
and to create new social value for the changing world of tomorrow.
For more information, visit NEC at http://www.nec.com.
LinkedIn:
https://www.linkedin.com/company/nec/
YouTube:
https://www.youtube.com/user/NECglobalOfficial
Facebook: https://www.facebook.com/nec.global/
Twitter:
https://twitter.com/NEC_corp
NEC is a registered trademark of NEC Corporation. All Rights
Reserved. Other product or service marks mentioned herein are the
trademarks of their respective owners. ©2019 NEC Corporation.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless backhaul
specialist. We help operators and other service providers worldwide
smoothly evolve their networks towards 5G, while increasing
operational efficiency and enhancing end customers' quality of
experience, with innovative wireless backhaul solutions. Our
customers include wireless service providers, public safety
organizations, government agencies and utility companies, that use
our solutions to deliver mission-critical multimedia services and
other applications at high reliability and speed.
Ceragon's unique multicore technology and wireless backhaul
solutions provide highly reliable, 5G high-capacity connectivity
with minimal use of spectrum, power and other resources. Our
solutions enable 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. Ceragon's solutions
are deployed by more than 460 service providers, as well as
hundreds of private network owners, in more than 130 countries.
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
relating to the concentration of Ceragon's business in certain
geographic regions and particularly in India, risks associated with a decline in
demand from the single market segment on which we focus; risk
relating to certain guarantees granted by Ceragon on behalf of
Orocom to FITEL, in the framework of the FITEL project; risks
associated with any failure to effectively compete with other
wireless equipment providers; risks associated with a change in our
gross margin as a result of changes in the geographic mix of
revenue; risks related to the fact that our operating results
may vary significantly from quarter to quarter and from our
expectations for any specific period; risks related to our ability
to meet the supply demands of our customers in a timely manner due
to the high volatility in their supply needs; risks associated with
difficulties in obtaining market acceptance of newly
introduced product; risks associated with technical difficulties
that may be discovered in newly developed products; 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.
NEC Press Contact (Japan):
Joseph
Jasper
NEC
Corporation
j-jasper(at)ax.jp.nec.com
+81-3-3798-6511
Ceragon Press Contact:
Media
Contact:
|
Investor
Contact:
|
Tanya
Solomon
|
Claudia
Gatlin
|
Ceragon
Networks
|
|
Tel:
+972-3-543-1163
|
Tel. +1
212-830-9080
|
tanyas@ceragon.com
|
claudiag@ceragon.com
|
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SOURCE NEC Corporation; Ceragon Networks Ltd