LITTLE FALLS, New Jersey,
October 10, 2017 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul
specialist, today announced that it has received orders totaling
more than $5 million for its IP-20
Platform and related professional services. This new customer is a
wireless communications wholesaler in Southeast Asia and Ceragon was chosen as the
primary supplier of backhaul for the initial phase of this project
in a remote island region in Southeast
Asia. The majority of the equipment is expected to be
delivered in Q1 2018.
With challenging terrain over mountains, rivers and sea,
combined with very long distances that span across 420,000
km[2], the project requires
substantial expertise for both the planning and deployment of the
highest performance equipment and technology. Ceragon's IP-20
Platform, with its unique multicore technology and high power
radios, delivers the needed capacity with the least number of sites
and the least amount of equipment, whilst maintaining headroom
capacity for future services and network growth. Moreover,
Ceragon's proven experience and success in wireless backhaul
roll-outs in similar terrains is of immense value.
As a wireless backhaul specialist, Ceragon is able to offer a
significantly better total cost of ownership as compared to
competitive proposals received from telecom generalists. In order
to deliver the utmost efficient solution, Ceragon's offering
includes both its market-leading technology and its professional
services and expertise in network design, network planning and
rollout optimization. The combination of Ceragon's products and
services brings about a significant advantage in both operational
efficiency and the ability to quickly roll-out support, connecting
over 4.3 million residents and businesses across the island
nation.
"We are thrilled to support such an imperative national
initiative to develop and connect a large under-served region,"
said Ira Palti, President and CEO of
Ceragon. "We appreciate that investing in telecom infrastructure is
a key and critical first step and we are proud to be able to supply
our vast experience in such challenging terrains. Our wireless
backhaul solutions and services allow the customer to quickly
provide wholesale capacity for the country's service providers, and
do so at the lowest total cost of ownership."
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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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 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
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.