DZS (NASDAQ: DZSI), a global leader in broadband connectivity and
communications software solutions, today announced a summary of
strategic growth milestones achieved in 2021, including the
addition of 105 new customers across the Americas, Asia and
Europe/Middle-East/Africa (EMEA) as well as dozens of active fixed
and mobile technology proof of concepts (POCs) and customer trials
around the world. Underscoring the company’s management
enhancements, bold vision, and numerous milestone accomplishments,
DZS introduced 29 new innovative technology solutions in 2021
spanning its Broadband Connectivity, Connected Home & Business,
Mobile & Optical Edge, and Network & Experience Software
platforms.
With over 20 years of market-first and industry-leading
innovation history, DZS has become a trusted technology partner to
incumbent service providers, alternative service providers,
utilities, and municipalities around the world including 15 of the
top 30 wireless and wireline operators. In 2021, DZS acquired 53
new customers in North America, 33 in EMEA, 17 in Asia and 2 in
Latin America and is honored to have these leading service
providers now part of the DZS family.
“2021 was a transformational year for DZS as we successfully
completed our people, product and system rationalization,
consolidated & streamlined manufacturing, improved our
strategic alignment with valued technology partners and began to
capitalize on the global communications infrastructure upgrade
cycle that we expect will continue throughout 2022,” said Charlie
Vogt, President and CEO, DZS. “We are in the midst of a
super-cycle, spurred by pandemic-related appreciation of
hyper-connectivity, geopolitical security concerns, and
unparalleled global stimulus programs. DZS is better positioned
than ever to meet and exceed the requirements of our extensive
customer base as well as the numerous service provider targets that
we are pursuing.”
DZS added new R&D centers in Ottawa, Canada and Bangalore,
India in 2021 complementing R&D centers in Plano, Texas,
Pangyo, Korea and Hanoi, Vietnam. DZS’ five “Centers of Excellence”
released 29 new broadband and software solutions spanning four
portfolio solution sets, including:
- DZS Velocity: Next-generation
multi-gigabit broadband access solutions serving the
Broadband Connectivity market
- DZS Helix: An expansive portfolio
of next-generation multi-gigabit capable ONTs and gateways
featuring Wi-Fi 6 and OpenSync® support for the Connected
Home & Business market
- DZS Chronos: High performance
4G/5G-ready mobile xHaul and edge transport solutions featuring
in-building POE++ switches and 100G coherent optics for the
Mobile & Optical Edge market
- DZS Cloud: Powerful service
orchestration, network slicing, automation, and analytics software,
including our DZS Xperience subscriber experience SaaS solution,
for the Network & Experience Software
market
Several examples of the 29 new Broadband Connectivity, Connected
Home & Business, Mobile & Optical Edge and Network &
Experience Software solutions introduced in 2021 include XCelerate
by DZS, which is fueling the evolution to multi-gigabit and
disaggregation-ready access technologies, and DZS Cloud, which
includes DZS Xperience, that provide end-to-end network
orchestration, automation, service assurance and optimal
hyper-connected experience analytics and tools including
self-optimizing Wi-Fi and subscriber experience management.
“We catalyzed our 2021 growth early in the year with a $64
million equity raise that was over-subscribed and shortly
thereafter, two technology focused acquisitions designed to
accelerate DZS Cloud and our ambition to double-click on our 5G,
Open RAN and converged optical edge investments,” said Vogt. “These
strategic actions were followed by management changes and numerous
sales, product and R&D additions. Industry research from Omdia
forecast that global gigabit subscriptions are expected to jump to
50 million in 2022, more than doubling from 24 million at the end
of 20201. DZS and its customers are well ahead of this trend, with
our multi-gigabit next generation PON solutions exceeding our
gigabit-capable GPON and EPON sales in 2021.”
The company’s long term growth expectations are fueled by unique
opportunities including the emergence of broadband as an essential
service and associated multi-gigabit upgrade cycles, the over $100
Billion in broadband stimulus funds allocated by governments
globally designed to bridge the digital divide, the evolution of 5G
and acceleration of Open RAN adoption, and geopolitical influences
on the competitive landscape fueled by vendor security concerns
that have spurred the introduction into many networks of new
vendors like DZS who have closely aligned with global technology
standards.
DZS has steadfastly remained committed to an open,
standards-based product philosophy throughout its history and
continues to demonstrate its support to open standards initiatives.
In 2021, DZS expanded its relationships with key standards bodies
and industry associations like O-RAN Alliance, Broadband Forum and
Telecom Infra Project and demonstrated its support through
leadership in multiple interoperability plugfests and
demonstrations across Asia and Europe. Furthermore, CEO Charlie
Vogt was named to the Boards of Directors for the
Telecommunications Industry Association (TIA), The Alliance for
Telecommunications Industry Solutions (ATIS) and the latter’s Next
G Alliance, enabling DZS to be at the forefront of key technology
themes and standards shaping the future of the telecommunications
industry.
For more information, visit www.dzsi.com.
About DZS
DZS Inc. (NASDAQ: DZSI) is a global leader in broadband
connectivity and communications software solutions.
DZS, the DZS logo, and all DZS product names are trademarks of
DZS Inc. Other brand and product names are trademarks of their
respective holders. Specifications, products, and/or product names
are all subject to change.
This press release contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbors created under the Private Securities Litigation Reform Act
of 1995. These statements reflect the beliefs and assumptions of
the Company’s management as of the date hereof. Words such as
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,”
“should,” “target,” “will,” “would,” variations of such words, and
similar expressions are intended to identify forward-looking
statements. Readers are cautioned that these forward-looking
statements are only predictions and are subject to risks,
uncertainties and assumptions that are difficult to predict. The
Company’s actual results could differ materially and adversely from
those expressed in or contemplated by the forward-looking
statements. Factors that could cause actual results to differ
include, but are not limited to, those risk factors contained in
the Company’s SEC filings available at www.sec.gov, including
without limitation, the Company’s annual report on Form 10-K,
quarterly reports on Form 10-Q and subsequent filings. In addition,
additional or unforeseen affects from the COVID-19 pandemic and the
global economic climate may give rise to or amplify many of these
risks. 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. DZS undertakes no obligation to update or
revise any forward-looking statements for any reason.
For further information see: www.DZSi.com.DZS on Twitter:
https://twitter.com/dzs_innovationDZS on LinkedIn:
https://www.linkedin.com/company/DZSi/
Press Inquiries:McKenzie Hurst,
Thatcher+Co.Phone: +1 408.888.6787Email:
mhurst@thatcherandco.com
Investor Inquiries:Ted MoreauVice President,
Investor RelationsIR@DZSI.com
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