TEL
AVIV, Israel, June 6, 2024
/PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) announced that it
has secured over $45 million in new
contracts since the beginning of 2024.
This significant achievement validates the company's
strategy for growing the business and increasing revenue through
RADCOM's innovative solutions, especially with the transition to 5G
and cloud-based networks.
Mr. Hilik Itman, RADCOM's interim Chief Executive Officer,
commented, "Securing over $45 million
in new contracts strengthens our position as a leading provider of
cloud-based solutions for telecom operators, especially for the
transition to cloud-based 5G networks. This success highlights our
ability to expand our solution deployments and drive the business
forward. These achievements emphasize our commitment to delivering
innovative solutions that meet the evolving needs of our customers,
and we believe this positive momentum will continue throughout the
year."
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
917-607-8654
msegal@ms-ir.com
Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in 5G
ready cloud-native network intelligence solutions for telecom
operators transitioning to 5G. RADCOM Network Intelligence consists
of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM
Network Insights. The RADCOM Network Intelligence suite offers
intelligent, container-based, on-demand solutions to deliver
network analysis from the RAN to the core for 5G assurance.
Utilizing automated and dynamic solutions with smart minimal data
collection and on-demand troubleshooting, and cutting-edge
techniques based on machine learning, these solutions work in
harmony to provide operators with an understanding of the entire
customer experience and allow them to troubleshoot network
performance from a high to granular level while reducing storage
costs and cloud resource utilization. For more information on how
to RADCOMize your network today, please visit www.radcom.com, the
content of which does not form a part of this press release.
Risks Regarding Forward-Looking
Statements
Certain statements made herein that use words
such as "estimate," "project," "intend," "expect," "'believe,"
"may," "might," " potential," "anticipate," "plan" or similar
expressions are intended to identify forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 and other securities laws. For example, when RADCOM
discusses the potential to execute and deliver under new contracts,
the validation of the company's strategy for growing the business
and increasing revenue through innovative solutions, the ability to
further expand its solution deployments and drive the business
forward, continued growth, and further delivering innovative
solutions that meet the evolving needs of our customers, it is
using forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties that could cause
the actual results, performance, or achievements of RADCOM to be
materially different from those that may be expressed or implied by
such statements, including, among others, changes in general
economic and business conditions and specifically, decline in
demand for RADCOM's products, inability to timely develop and
introduce new technologies, products, and applications, loss of
market share and pressure on prices resulting from competition and
the effects of the war in Israel.
For additional information regarding these and other risks and
uncertainties associated with RADCOM's business, reference is made
to RADCOM's reports filed from time to time with the U.S.
Securities and Exchange Commission. RADCOM does not undertake to
revise or update any forward-looking statements for any reason.
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SOURCE RADCOM Ltd.