Hexatronic signs agreement with Open Fiber USA, Inc to a value of over 40 MUSD
July 05 2022 - 12:00PM
Hexatronic signs agreement with Open Fiber USA, Inc to a value of
over 40 MUSD
Press release July 5, 2022Gothenburg, Sweden
Hexatronic signs agreement with Open Fiber
USA, Inc to a
value of over 40 MUSD
Hexatronic US Inc, a wholly owned subsidiary of Hexatronic Group
AB (publ), has signed a 3-year Strategic Partner agreement with
Open Fiber USA, Inc (“Open Fiber”) in North Carolina, USA, to a
value of more than 40 MUSD. The agreement covers the full
Hexatronic fiber to the home (FTTH) system solution. The agreement
also includes field support and training for Open Fiber and its
installers as well as joint engineering to develop new product
concepts. Open Fiber will design, build, and operate
fiber-to-the-end user services throughout the states of North and
South Carolina, USA.
“The US market is Hexatronic’s largest market, and it is one of
our three strategic growth markets. We are very proud and delighted
to have become a strategic system supplier to Open Fiber. We see
the agreement as an additional proof of the strength in our FTTH
offering where Open Fiber values a complete end to end solution
which is cost effective, fast to market and provides the capacity
and flexibility to build as you grow. We will also support Open
Fiber with technical field support resources and training for Open
Fiber installers to ensure a high quality and cost-effective
deployment process,” says Henrik Larsson Lyon, CEO Hexatronic Group
AB.
“Open Fiber has raised significant capital in order to roll out
our super-fast, reliable fiber to underserviced areas and we intend
to roll out infrastructure quickly and efficiently, why our
relationship with Hexatronic is an important step in this journey.
We selected Hexatronic based on their complete system value
proposition, and in particular, the need to meet our aggressive
timeline for completion of our projects. We will enjoy the
efficiency of adding FTTH subscribers up to 1 km away from our
distribution hubs utilizing Hexatronic’s air blown fiber solution.
As partners, we are pleased with the total value that Hexatronic
brings to us in system technology, engineering and installation
expertise, and supply chain support”, says Dimitri Moussa, CEO Open
Fiber USA, Inc.
Gothenburg, July 5, 2022
Henrik Larsson LyonCEO Hexatronic Group
For more information, please
contact:Henrik Larsson Lyon, CEO
Hexatronic Group, +46 706 50 34 00Pernilla Lindén, CFO
Hexatronic Group, +46 708 77 58 32
This is information that Hexatronic Group AB (publ) is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact person set out above, at 18:00 CEST on 5 July 2022.
This is a translation of the Swedish version of the press release.
When in doubt, the Swedish wording prevails.
Hexatronic creates sustainable networks all over the world. We
partner with customers on four continents – from telecom operators
to network owners – and offer leading, high-quality fiber
technology for every conceivable application. Hexatronic Group
(publ.) was founded in Sweden in 1993 and the Group is listed on
Nasdaq OMX Stockholm. Our global brands include Viper, Stingray,
Raptor, InOne, and Wistom®.
- 2022-07-05 Hexatronic Group AB (publ) signs agreement with Open
Fiber USA, Inc to a value of over 40 MUSD
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