DZS Wins LG U+ Contract for 5G Wireless Backhaul Solution
September 14 2018 - 8:05AM
DASAN Zhone Solutions, Inc. (NASDAQ: DZSI), a global leader in
fiber access transformation for enterprise and service provider
networks, announced its Korean business unit DASAN Network
Solutions has been awarded a contract by South Korean Tier 1
telecommunications operator LG U+. Integral to the path of
delivering service in 1H 2019, this contract represents the first
batch of carrier-grade M3000 ultra-low latency switches to be
deployed in the first commercial 5G wireless network in the South
Korean market.
Founded in 1996, LG U+ was the first company in the world to
establish a nationwide LTE network with super high-speed services
of the highest quality. The South Korean operator is furthering its
global leadership into the era of 5G and IoT to deliver the best
possible experience to its customers. Since September 2017, LG U+
has been developing its 5G offering with two preferred suppliers
including DZS to verify design and performance of equipment ahead
of launching new services.
The DZS M3000 switch collects the data traffic of 5G wireless
base stations and connects them to wired broadband infrastructure
at 100Gbps. The result is 46 times greater volume of data traffic
that is delivered 10 times faster than today’s LTE networks.
Regarded as core equipment for supporting 5G network operations and
advancement, the DZS solution delivers these new levels of capacity
and performance while remaining within the same physical size and
power consumption budget of prior-generation equipment.
This DZS transport switch is also equipped with segment routing,
a next-generation core network technology that analyzes and adjusts
the traffic path for each service to simplify network operations,
facilitate interoperability, and respond to future technology
advances. In addition, the DZS solution also includes Software
Defined Network (SDN) technology with network slicing capabilities
to divide traffic of various characteristics into multiple virtual
networks for enhanced efficiency of traffic differentiation
processing to guarantee quality of service.
“We are proud to execute the innovative work it takes to support
the most demanding global telecommunications environments and shape
the internet connection experience of the future,” said Yung Kim,
CEO, DASAN Zhone Solutions. “Pioneering new solutions with leading
carriers like LG U+ is part of our global strategy to empower
carriers of all sizes around the world with our technology as they
plan their own 5G wireless rollouts.”
About DASAN Zhone Solutions, Inc.DASAN Zhone
Solutions, Inc. (NASDAQ: DZSI) is a global leader in network access
solutions for service provider and enterprise networks. The company
provides a wide array of reliable, cost-effective networking
technologies—including broadband access, mobile backhaul, Ethernet
switching, Passive Optical LAN, and software-defined networks—to a
diverse customer base that includes more than 1,000 of the world’s
most innovative network operators. DASAN Zhone Solutions is
headquartered in Oakland, California, with operations in more than
20 countries worldwide.
DASAN Zhone Solutions, the DASAN Zhone Solutions logo, and all
DASAN Zhone product names are trademarks of DASAN Zhone Solutions,
Inc. Other brand and product names are trademarks of their
respective holders. Specifications, products, and/or products names
are all subject to change without notice.
Forward-Looking Statements This press release
contains forward-looking statements that are subject to the safe
harbors created under federal securities laws. Words such as
“anticipate,” “believe,” “expect,” “intend,” “may,” “will,” and
similar expressions are intended to identify forward-looking
statements. In addition, forward-looking statements include
statements that refer to the Company’s relationship and future
business with LG U+ and growth opportunities in Korea. Actual
results could differ materially from those expressed in the
forward-looking statements. Factors that could cause actual results
to differ include commercial acceptance of the Company’s products;
competition in the communications equipment market; the Company’s
ability to execute on its strategy and operating plans; and
economic conditions. See also the risk factors in the Company’s
Form 10-K and other SEC filings available at www.sec.gov. Readers
are cautioned not to place undue reliance on any forward-looking
statements, which speak only as of the date on which they are made.
The Company undertakes no obligation to update or revise any
forward-looking statements for any reason.
Media Contact
DASAN Zhone SolutionsMario BlandiniHead of
Global MarketingPhone +1 510.777.7044Fax +1
510.777.7001mblandini@dasanzhone.com
DZS (NASDAQ:DZSI)
Historical Stock Chart
From Aug 2024 to Sep 2024
DZS (NASDAQ:DZSI)
Historical Stock Chart
From Sep 2023 to Sep 2024