Tens of Thousands of Smart Activation Key Licenses Ordered in
H1 as Part of Ceragon Equipment Purchases
ROSH
HA'AIN, Israel,
July 23,
2024 /PRNewswire/ -- Ceragon (NASDAQ:
CRNT), the leading solutions provider of end-to-end wireless
connectivity, today announced a significant milestone in its
transition toward a more durable, recurring revenue model. The
shift from a hardware-centric business to one that integrates
Software as a Service (SaaS) is well underway. This evolution is
part of Ceragon's strategy to mitigate the traditional revenue
fluctuations associated with cyclical hardware sales.
A cornerstone of this strategy is the successful development and
deployment of Ceragon's Smart Activation Key software. This
innovative software simplifies the activation process for network
radios and their various licensable features, allowing customers to
activate and upgrade thousands of devices simultaneously,
significantly enhancing operational efficiency and reducing costs.
Moreover, this new software enables higher business flexibility,
allowing customers to select from different pricing options,
including term licenses and per-usage fees. Intelligent usage
tracking features provide customers with detailed insights,
facilitating data-driven decisions for network management and
expansion.
Ceragon's Smart Activation Key has already seen meaningful
adoption, with tens of thousands of licenses ordered, and
deployment underway, to several customers within the first half of
the fiscal year. Notably, a portion of these licenses were already
sold under the recurring revenue model, indicating customer support
and demand for ongoing, subscription-based solutions.
Doron Arazi, Ceragon's
CEO, commented, "Ceragon's Smart Activation Key software
marks a major step forward in our strategy to integrate SaaS into
our business model. The addition of SaaS to Ceragon's solution
offering not only improves our customers' experience but also
aligns with our goal of creating predictable, recurring revenue
streams."
About Ceragon
Ceragon (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, 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.