Harris Stratex Changes Company Name to Aviat Networks
January 28 2010 - 8:35AM
PR Newswire (US)
Name Selected to accentuate the Company's Position as the Wireless
Expert in Solutions for Advanced IP Network Migration RESEARCH
TRIANGLE PARK, N.C., Jan. 28 /PRNewswire-FirstCall/ -- Marking the
third anniversary of the merger between the Microwave
Communications Division of Harris Corporation and Stratex Networks,
Inc., Harris Stratex Networks, Inc. announced today that it has
changed its name to Aviat Networks, Inc. Along with the name
change, the Company's ticker symbol will change to AVNW and its
common stock will continue to trade on NASDAQ. The new brand
represents a culmination of the Company's transformation over the
last three years from that of a specialized microwave backhaul
equipment supplier into a world-class provider of advanced IP
wireless network solutions, with a comprehensive portfolio of
migration solutions and lifecycle services. Today, Aviat Networks
is ideally positioned to help operators successfully evolve their
existing networks toward an all-IP broadband future, expand into
untapped rural and remote markets, and capitalize on the explosive
growth of mobile data traffic around the globe. "Today's unveiling
of Aviat Networks marks a significant milestone in the evolution of
our Company. The Aviat brand embodies our commitment to quality and
innovative products, highly individualized services, operational
excellence and industry leadership," said Harald Braun, president
and CEO of Aviat Networks. "In markets around the world,
advancements in wireless network capacity have often been
constrained because carriers are grappling with operational network
limitations and cost-related challenges that historically haven't
been sufficiently addressed by telecom equipment vendors. Instead
of 'handshake' assurances that do little to mitigate the perceived
risk of IP migration, operators need practical and innovative
solutions that help them bridge seamlessly from the legacy network
of today to the network that will fuel their success in the
future." "LTE Ready" Wireless Backhaul Solutions The advent of new
Smartphone technology and the deployment of 3rd Generation Mobile
Data technologies have resulted in an explosion in demand for
mobile data. As a result, operators in the US and Europe are
scrambling due to bottlenecks in their existing backhaul networks
which have traditionally relied upon legacy TDM technology and
bandwidth limited leased copper lines. These operators must evolve
their networks to all-IP to support the capacity, flexibility and
operational costs needed to keep them competitive. Aviat Networks
leads the market with a wireless backhaul solution that supports
all key migration features as well as scalable capacity sufficient
to support the needs of LTE networks. Braun expanded, "Our wireless
solutions enable operators to transform their network to solve the
current capacity crunch, provide a smooth migration path to LTE, as
well as protect existing investments and service commitments
supported by their existing network. Operators in other parts of
the world also rely on our solution to efficiently extend their 2G
and 3G networks to provide national coverage in the most demanding
environments." "Around half the world's 2G and 3G cell sites are
already served by microwave backhaul," said Patrick Donegan, Senior
Analyst, Heavy Reading. "With the rise of mobile broadband and the
upcoming transition to 4G LTE and WiMAX, a major new wave of
investment in microwave equipment is underway in emerging markets
like Africa as well as mature markets like North America and on the
part of established wireless operators as well as new entrants."
Enabling Broadband Access in Emerging Markets and Underserved
Communities Broadband is increasingly regarded as an essential
utility for economic growth and social and political stability.
Fueled by new business models and government incentive programs,
operators are deploying and expanding into the rural and
underdeveloped areas of Africa, Asia, Middle East, and the
Americas. Braun explained, "But it's not without challenges given
significant differences in the local government, economy,
demographics, terrain and existing network infrastructure,
including limited spectrum availability. Building networks in these
environments takes skill, understanding and experience, as well as
working closely by the side of our customers all the way." "Aviat
Networks has been instrumental in helping our company to
successfully deliver broadband Internet access to un-served and
underserved communities. Their comprehensive and flexible set of
solutions has enabled us to reduce our operational costs while
providing a high-quality, high-speed network," said Bill Beans Jr.,
founder and chief executive officer, Open Range Communications.
From fixed networks to broadband mobility, from TDM to all
Ethernet/IP, from public to private, from planning to managed
services, from the core to the edge - Aviat Networks is helping
operators create, expand and manage the best networks for their
markets and their bottom lines. Launch Details and Links For more
information and materials about today's launch, please see the
following web sites: Aviat Networks Site -
http://www.aviatnetworks.com/ Live Webcast of NASDAQ Opening Bell -
http://www.nasdaq.com/about/marketsitetowervideo.asx Online
Newsroom - http://aviat.eventnewscenter.com/ Twitter -
http://www.twitter.com/aviatnetworks YouTube -
http://www.youtube.com/aviatnetworks About Aviat Networks Aviat
Networks, Inc. (NASDAQ:AVNW), previously known as Harris Stratex
Networks, Inc., is the wireless expert in advanced IP network
migration, building the foundation for the 4G/LTE broadband future.
We offer best-of-breed transformational wireless solutions,
including LTE-ready microwave backhaul, WiMAX access and a complete
portfolio of essential service options that enable wireless public
and private telecommunications operators to deliver advanced data,
voice, video and mobility services around the world. Aviat is agile
and adaptive and anticipates what's coming to help our customers
make the right choices. Our products and services are designed for
flexible evolution, no matter what the future brings. With global
reach and local presence on the ground, we work by the side of our
customers allowing them to quickly and cost effectively seize new
market and service opportunities while managing migration towards
an all- IP future. For more information, please visit
http://www.aviatnetworks.com/ or join the dialogue at
http://www.twitter.com/aviatnetworks. DATASOURCE: Aviat Networks,
Inc. CONTACT: MEDIA CONTACTS: North America: Scott Smith, Aviat
Networks, +1-408-438-3408, ; or UK/Europe and Middle East: Lauren
Wood, +44(0) 7766-760-777, ; or Asia-Pacific and all Other
International: Erica Smith, +1-415-830-4530 ; or INVESTOR CONTACT:
Mary McGowan, Summit IR Group Inc., +1-408-404-5401, Web Site:
http://www.aviatnetworks.com/
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