Ceragon to deliver almost one thousand new
E-Band links to leading ISP in 2024
ROSH
HA'AIN, Israel,
July 9,
2024 /PRNewswire/ -- Ceragon Networks
Ltd. (NASDAQ: CRNT), the leading solutions provider
of end-to-end wireless connectivity, today announced a
multi-million-dollar order from a leading American Internet Service
Provider (ISP). The deal extends a robust partnership spanning more
than half a decade that leverages advanced Siklu by Ceragon
technology to deliver broadband internet service across
the United States.
The ISP is a prominent player with strong brand recognition in
the broadband market, focusing on providing high-speed, reliable
internet connectivity to residential Multi Dwelling Units (MDUs),
single-family homes, and businesses in a growing number of
locations across the United
States. With a substantial customer base served by thousands
of Siklu by Ceragon wireless E-band links, the ISP continues to
expand its internet service offering. Several hundred links from
the most recent order have already been deployed, with the
remainder slated for completion by the end of Q4.
Ceragon and the Internet Service Provider have continued their
collaboration, already completing several successful field tests of
Siklu by Ceragon's next-generation 20Gbps product. This innovation
collaboration will help to ensure that the ISP is positioned to
provide its customers with unrivaled Internet services for many
years to come.
Doron Arazi, Ceragon's CEO,
commented, "The acquisition of Siklu allowed Ceragon to add
fantastic new team members and technology to our family – and
beyond that, some incredible new customers, including this
world-renowned ISP. This deployment, along with the successful
ongoing in-field testing of our next-generation 20Gbps product, is
a strong indicator of customer adoption, helping us to execute our
strategy of increasing our market share in ISPs and Private
Networks domains."
About Ceragon
Ceragon Networks (NASDAQ: CRNT) is the global innovator and
leading solutions provider of end-to-end wireless connectivity,
specializing in transport, access, and AI-powered managed &
professional services. Through our commitment to excellence, we
empower customers to elevate operational efficiency and enrich the
quality of experience for their end users.
Our customers include service providers, utilities, public
safety organizations, government agencies, energy companies, and
more, who rely on our wireless expertise and cutting-edge solutions
for 5G & 4G broadband wireless connectivity, mission-critical
services, and an array of applications that harness our ultra-high
reliability and speed. Ceragon solutions are deployed by more than
600 service providers, as well as more than 1,600 private network
owners, in more than 130 countries.
Through our innovative, end-to-end solutions, covering hardware,
software, and managed & professional services, we enable our
customers to embrace the future of wireless technology with
confidence, shaping the next generation of connectivity and service
delivery. Ceragon delivers extremely reliable, fast to deploy,
high-capacity wireless solutions for a wide range of communication
network use cases, optimized to lower TCO through minimal use of
spectrum, power, real estate, and labor resources - driving simple,
quick, and cost-effective network modernization and positioning
Ceragon as a leading solutions provider for the "connectivity
everywhere" era.
For more information please visit: www.ceragon.com
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.
Safe Harbor
This press release contains statements that constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933, as amended and the Securities Exchange Act of 1934, as
amended, and the safe-harbor provisions of 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 about Ceragon's business, financial condition,
results of operations, micro and macro market trends and other
issues addressed or reflected therein. Examples of forward-looking
statements include, but are not limited to, statements regarding:
projections of demand, revenues, net income, gross margin, capital
expenditures and liquidity, competitive pressures, order timing,
supply chain and shipping, components availability; growth
prospects, product development, financial resources, cost savings
and other financial and market 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, although not all forward-looking
statements contain these identifying words.
Although we believe that the projections reflected in such
forward-looking statements are based upon reasonable assumptions,
we can give no assurance that our expectations will be obtained or
that any deviations therefrom will not be material. Such
forward-looking statements involve known and unknown risks and
uncertainties that may cause Ceragon's future results or
performance to differ materially from those anticipated, expressed
or implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to: the effects of
global economic trends, including recession, rising inflation,
rising interest rates, commodity price increases and fluctuations,
commodity shortages and exposure to economic slowdown; The effects
of the evolving nature of the war situation in Israel and the related evolving regional
conflicts; risks associated with delays in the transition to 5G
technologies and in the 5G rollout; risks relating to the
concentration of our business on a limited number of large mobile
operators and the fact that the significant weight of their
ordering, compared to the overall ordering by other customers,
coupled with inconsistent ordering patterns, could negatively
affect us; risks resulting from the volatility in our revenues,
margins and working capital needs; disagreements with tax
authorities regarding tax positions that we have taken could result
in increased tax liabilities; the high volatility in the
supply needs of our customers, which from time to time lead to
delivery issues and may lead to us being unable to timely fulfil
our customer commitments; and such other risks, uncertainties
and other factors that could affect our results of operation, as
further detailed in Ceragon's most recent Annual Report on Form
20-F, as published on March 21, 2024,
as well as other documents that may be subsequently filed by
Ceragon from time to time with the Securities and Exchange
Commission.
We caution you not to place undue reliance on forward-looking
statements, which speak only as of the date hereof. Ceragon does
not assume any obligation to update any forward-looking statements
in order to reflect events or circumstances that may arise after
the date of this release unless required by law.
While we believe that we have a reasonable basis for each
forward-looking statement contained in this press release, we
caution you that these statements are based on a combination of
facts and factors currently known by us and our projections of the
future, about which we cannot be certain. In addition, any
forward-looking statements represent Ceragon's views only as of the
date of this press release and should not be relied upon as
representing its views as of any subsequent date. Ceragon does not
assume any obligation to update any forward-looking statements
unless required by law.
The results reported in this press-release are preliminary and
unaudited results, and investors should be aware of possible
discrepancies between these results and the audited results to be
reported, due to various factors.
Ceragon's public filings are available on the Securities and
Exchange Commission's website at www.sec.gov and may also be
obtained from Ceragon's website at www.ceragon.com.
Investor & Media Contact:
Rob Fink
FNK IR
1+646-809-4048
crnt@fnkir.com
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SOURCE Ceragon Networks Ltd
