Ceragon selected to provide connectivity to remote Indonesian islands and regions
LITTLE FALLS, NJ, September 20, 2021 / PRNewswire / – Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading provider of 5G wireless transportation solutions, today announced that it has been awarded a multi-million dollar contract to design and deliver a microwave network in Indonesia as part of an ambitious government project to provide Internet and telecommunications access to rural areas of the country, including schools, government offices and hospitals. In this project, Ceragon is the main supplier selected to provide the wireless transmission solutions for the 4G LTE access network, including design and project management services.
With 16,056 islands, extreme humidity between 70 and 90%, heavy rainfall and cases of escalating COVID-19, the project poses a challenge for Indonesia in achieving its objective of universal service obligation. Ceragon’s solutions and services will allow the project to be completed on time.
Ceragon’s all-outdoor microwave solutions, based on the IP-20 platform, will help reduce site construction costs thanks to their small footprint and minimal power consumption. Its Advance Space Diversity (ASD) solution will optimize the tower load in addition to reducing overall logistics costs and speeding up the construction schedule. Ceragon’s ASD solution requires fewer total antennas compared to other vendors, creating a competitive advantage for both Ceragon and its customers.
Doron Arazi, CEO of Ceragon Networks, commented: âWe are very happy to participate in projects aligned with our vision of enabling digital equal opportunities for all citizens of the world. As governments around the world step up rural digitization, our high all-outdoor performance, low total cost of ownership (TCO) and our expertise in providing complete turnkey solutions position us as a leading supplier to win such projects. . Indonesia, including a long experience in the deployment of our solutions in the country. I believe it is our reputable high-value technology, designed to reduce costs that is essential in such projects, that has set us apart from our competition. “
About Ceragon Networks
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading provider of 5G wireless transportation solutions. We help operators and other service providers around the world increase their operational efficiency and improve the quality of the end-customer experience through innovative wireless backhaul and backhaul solutions. Our customers include service providers, public safety organizations, government agencies, and utility companies, who use our solutions to provide high-speed 5G and 4G wireless connectivity, essential multimedia services, stabilized communications and more. ‘other high reliability and speed applications.
Ceragon’s unique multicore technology and disaggregated approach to wireless transport provide highly reliable, fast-to-deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate and labor resources. It enables increased productivity, as well as quick and easy network modernization, positioning Ceragon as a leading solutions provider in the 5G era. We offer a comprehensive portfolio of turnkey AI-powered managed and professional services that ensure efficient network deployment and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information, please visit: www.ceragon.com.
Ceragon NetworksÂ® and FibeAirÂ® are registered trademarks of Ceragon Networks Ltd. United States and other countries. CERAGON Â® is a trademark of Ceragon Networks Ltd., registered in various countries. The other names mentioned belong to their respective owners.
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 safe-haven provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon management regarding the business, financial condition, results of operations, micro and macro market trends and other matters discussed or reflected in these informations. Examples of forward-looking statements include: projections of demand, revenue, net income, gross margin, capital expenditure and liquidity, competitive pressures, timing of orders, growth prospects, development of products, financial resources, cost savings and other financial and market matters. You can identify these and other forward-looking statements by using words such as “may”, “plans”, “anticipates”, “believes”, “estimates”, “targets”, “expects”, “the intention â,â potential âor the negative of these terms, or any other comparable terminology.
Although we believe that the projections reflected in these forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be achieved or that any deviation from them will not be material. Such statements involve risks and uncertainties which may cause future results to differ materially from those anticipated. These risks and uncertainties include, but are not limited to, the effects of general economic conditions, the effect of the COVID-19 crisis on global markets and the markets in which we operate, including the risk of disruption of our and the activities and operations of our customers, suppliers, business partners and subcontractors due to the effects of the COVID-19 pandemic and resulting restrictions on operations, and an adverse effect on our financial performance, our cash flow, income and financial results, available cash and funding, and our ability to invoice and collect amounts owed by our customers accordingly; the continued impact of component shortages due to the global shortage of semiconductors and chipsets, which could continue to cause delays in deliveries of our products and delays in the deployment of wireless communication networks by our customers, downturns and other negative effects on our industry; the risks linked to the concentration of a significant part of the expected activity of Ceragon in certain countries and in particular in India, where a small number of clients are expected to represent a significant portion of our revenue; the risks associated with any failure to meet our product development schedule, including the delay in releasing our new chipset; the risk that the deployment of 5G services may take longer or be carried out differently than expected and other risks, uncertainties and other factors that could affect our results, as detailed in Ceragon’s latest annual report on Form 20-F and in other filings with the Securities and Exchange Commission.
These forward-looking statements, including risks, uncertainties and other factors that could affect our results, represent our opinions only as of the date on which they are made and should not be taken to represent our opinions at any later date. These forward-looking statements do not purport to be predictions of future events or results and there can be no assurance that they will prove to be accurate. Ceragon may choose to update these forward-looking statements at some time in the future, but the company expressly disclaims any obligation to do so, except as required by law.
Ceragon’s public documents are available on the Securities and Exchange Commission website at www.sec.gov and can also be obtained from Ceragon’s website at www.ceragon.com.
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