Hexatronic signs agreement with new network operator in the US to a value of 20 MUSD
April 13 2023 - 7:00AM
Hexatronic signs agreement with new network operator in the US to a
value of 20 MUSD
Press release April 13, 2023Gothenburg, Sweden
Hexatronic signs agreement with new
network operator in the US to a value of 20
MUSD
Hexatronic US Inc, a wholly owned subsidiary of Hexatronic Group
AB (publ), has signed a one-year, with extension possibilities,
Strategic Partner agreement with a newly established, fully funded,
network operator in the USA, to a value of approximately 20 MUSD.
The agreement covers the complete end-to-end Hexatronic fiber to
the home (FTTH) passive system solution. This agreement follows a
thorough evaluation process by the network operator and also
includes site support and training for their design engineering
firms, and installers. Hexatronic expects the first deliveries of
materials in August of this year.
Comments from
Hexatronic’s
CEO
“We are very proud and delighted to have signed this agreement
for our FTTH solution. We see the agreement as an additional proof
of the strength of our FTTH offering where customers value a
complete system solution that is cost-effective, enables a short
time to market, and also provides the capacity and flexibility to
build as you grow. We will also support the operator with technical
site support resources and training for their installers to ensure
a high quality and cost-effective deployment process.
We expect this newly established operator to make public
announcements regarding specific markets to be served, as well as
partners, suppliers, distributors, engineering firms, and
construction contractors in the coming months," says Henrik Larsson
Lyon, CEO of Hexatronic Group AB.
Gothenburg, April 13, 2023
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 1 pm CEST on April 13, 2023.
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®.
- 2023-04-13 Hexatronic signs agreement with new network operator
in the US to a value of 20 MUSD
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