LITTLE FALLS, New Jersey,
Oct. 10, 2018 /PRNewswire/
-- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless
backhaul specialist today announced that it received orders from
North American mobile operators in Q3 with an aggregate value of
multi-millions of dollars, which exceeded the total value of the
orders received from North American mobile operators during the
entire first half of 2018. These customers are deploying Ceragon's
innovative IP-20 Platform to extend coverage and build the
foundation for 5G service rollout. These operators seek to deliver
a seamless wireless experience to their subscribers in cities and
rural markets, including enhanced mobile broadband, massive
Internet of Things, mission critical communications, enterprise,
residential and government services across North America. Aiming to be more agile and
competitive, these operators are continuing to depend on Ceragon as
they expand their 4G networks and build out their 5G networks by
leveraging the IP-20 Platform's unique multicore technology to
quickly deliver scalable multi-Gbps 5G capacity to network sites at
minimal site acquisition cost and with high network
availability.
"As 5G network rollouts are underway and quickly gaining
momentum in North America, Ceragon
is excited to be at the forefront with wireless backhaul solutions
and professional services to support the growing demand from
certain North American mobile customers, as they prepare to deliver
a world of new wireless services and experiences," said
Ira Palti, President and CEO of
Ceragon. "The transition to 5G presents great challenges.
Our innovative, millimeter-wave and microwave in-house
technologies, together with our vertical integration capabilities,
allow us to create unique solutions to address these increasingly
complex challenges and requirements."
The operators are incorporating the IP-20 Platform in their
plans because of the breadth of solutions and network management
capabilities that it offers to increase coverage and speed for
mobile and fixed broadband services and enable a broad range of
industries and things to connect over Gigabit LTE and 5G. The IP-20
Platform enables fast, simple to deploy, single box all-outdoor
wireless backhaul nodes carrying multi-Gbps of network traffic for
access sites, network aggregation sites, massive IoT clusters and
enterprise customer premises. It also provides highly scalable
multi-directional high-availability wireless backhaul nodes with a
'no-single-point-of-failure' architecture to support aggregation
nodes and mission-critical services. The IP-20 Platform helps the
operators achieve their service rollout goals and at the same time
minimize the need for additional microwave or millimeter-wave
spectrum, tower/rooftop/street pole real-estate, and energy
related-costs – all with exceptionally fast rollout
capabilities.
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 and wireline service providers, public
safety organizations, government agencies and utility companies,
which use our solutions to deliver 4G and 5G, mission-critical
multimedia services and other applications at high reliability and
speed. Ceragon's unique multicore technology provides highly
reliable, high-capacity wireless backhaul with minimal use of
spectrum, power and other resources. Multicore technology 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 due to our focus on a single market segment; risks
relating to the concentration of Ceragon's business in certain
geographic regions such as India,
and in other developing nations; risk relating to certain
guarantees granted by Ceragon on behalf of Orocom to FITEL,
in the framework of the FITEL project; political, economic and
regulatory risks from doing business in those developing regions,
including potential currency restrictions and fluctuations; risks
related to our ability to meet the demand for our products due
shortages in raw materials including certain passive components;
risks associated with a change in Ceragon's gross margin as a
result of changes in the geographic mix of revenues and/or as a
results of increase in costs of raw material, including certain
passive components; risks associated with the loss of a single
customer or customer group, which represents a significant portion
of Ceragon's revenues; risks 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:
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Investor
Contact:
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Tanya
Solomon
|
Claudia
Gatlin
|
|
Ceragon
Networks
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|
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Tel:
+972-3-543-1163
|
Tel. +1
212-830-9080
|
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tanyas@ceragon.com
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claudiag@ceragon.com
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SOURCE Ceragon Networks Ltd.