Ceragon to provide microwave and millimeter wave transport
solutions for rapid deployment of DISH's nationwide 5G Smart
Network™
RICHARDSON, Texas, May 2, 2022
/PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), a global
innovator and leading solutions provider of 5G wireless transport,
today announced an agreement with DISH Wireless (NASDAQ: DISH) to
provide ultra-high capacity IP-50C microwave and IP-50E millimeter
wave transport solutions.
DISH, which is deploying America's first cloud-native 5G Smart
Network™, selected Ceragon for its field-proven, innovative and
reliable technology, as well as its delivery and deployment
capabilities. DISH will leverage Ceragon's transport, maintenance
and support solutions to ensure the smooth roll-out of its network
in select locations across the country.
Doran Arazi, Ceragon Networks
CEO commented, "Ceragon is thrilled to have been selected by
DISH to provide 5G wireless transport solutions. As the industry
disruptor, DISH is strategically adopting cutting-edge network
architectures and technologies, and Ceragon's groundbreaking
wireless transport offering is fully aligned with DISH's
requirements. With solutions that power some of the most advanced
5G networks worldwide and address the unique transport challenges
5G networks present, Ceragon is well-positioned and committed to
helping DISH deliver on its vision."
Ceragon offers DISH an optimized wireless transport solution, in
terms of Total Cost of Ownership (TCO), reliability and time to
market. Ceragon's innovative solutions and rapid turnkey network
deployment capabilities will allow DISH to quickly gain market
share as it expands its 5G network and delivers advanced 5G
services.
About Ceragon Networks
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and
leading solutions provider of 5G wireless transport. We help
operators and other service providers worldwide increase
operational efficiency and enhance end customers' quality of
experience with innovative wireless backhaul and fronthaul
solutions. Our customers include service providers, public safety
organizations, government agencies and utility companies, which use
our solutions to deliver 5G & 4G broadband wireless
connectivity, mission-critical multimedia services, stabilized
communications, and other applications at high reliability and
speed.
Ceragon's unique multicore technology and disaggregated approach
to wireless transport provides 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 simple and quick
network modernization, positioning Ceragon as a leading solutions
provider for the 5G era. We deliver a complete portfolio of turnkey
end-to-end AI-based managed and professional services that ensure
efficient network rollout 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
For more information about our company you should read our
Annual Report on Form 20-F for the fiscal year ended December 31, 2020 as well as any document we file
or furnish with the Securities and Exchange Commission (SEC) by
accessing the SEC's website at www.sec.gov.
Safe Harbor
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.
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 continuing
impact of the components shortage due to the global shortage in
semiconductors, chipsets, components and other commodities, on our
supply chain, manufacturing capacity and ability to timely deliver
our products, which have caused, and could continue to cause delays
in deliveries of our products and in the deployment of
projects by our customers, risk of penalties and orders
cancellation created thereby, as well as profit erosion due to
constant price increase, payment of expedite fees and costs of
inventory pre-ordering and procurement acceleration of such
inventory, and the risk of becoming a deadstock if not consumed;
the continued effect of the global increase in shipping costs and
decrease in shipping slots availability on us, our supply chain and
customers, which have resulted, and may continue to result in,
price erosion, late deliveries and the risk of penalties and orders
cancellation due to late deliveries; the impact of the transition
to 5G technologies on our revenues if such transition is developed
differently than we anticipated; the risks relating to the
concentration of a major portion of our business on large mobile
operators around the world from which we derive a significant
portion of our ordering, that due to their relative effect on the
overall ordering coupled with inconsistent ordering pattern and
volume of business directed to us, creates high volatility with
respect to our financial results and results of operations; the
effect of the competition from other wireless transport equipment
providers and from other communication solutions that compete with
our high-capacity point-to-point wireless products; the continued
effect of the COVID-19 pandemic on the global economy and markets
and on us and on the markets in which we operate and our and our
customers, providers, business partners and contractors business
and operations; the risks relating to increased breaches of network
or information technology security along with increase in
cyber-attack activities, growing cyber-crime threats, and changes
in privacy and data protection laws, that could have an adverse
effect on our business; risks associated with any failure to meet
our product development timetable, including delay in the
commercialization of our new chipset; imposition of additional
sanctions and global trade limitations in connection with
Russia's invasion to Ukraine, the effects of general economic
conditions and trends on the global and local markets in which we
operate and such other risks, uncertainties and other factors that
could affect our results, as further detailed in Ceragon's most
recent Annual Report on Form 20-F and in Ceragon's other filings
with the Securities and Exchange Commission.
Such forward-looking statements, including the risks,
uncertainties and other factors that could affect our results,
represent our views only as of the date they are made and should
not be relied upon as representing our views as of any subsequent
date. Such forward-looking statements do not purport to be
predictions of future events or results and there can be no
assurance that it will prove to be accurate. Ceragon may elect to
update these forward-looking statements at some point in the future
but the company specifically disclaims any obligation to do so
except as may be required by law.
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.
Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks
Tel. +972-54-677-8100
mayal@ceragon.com
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SOURCE Ceragon Networks Ltd.