Ceragon Networks Receives Purchase Orders to Supply FibeAir Systems to FirstMark Communications.Business Editors, High-Tech Writers TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--Oct. 2, 2000 Ceragon Networks Ltd. (Nasdaq:CRNT CRNT Current ) Leading Pan-European Carrier Deploys Ceragon's Broadband Wireless See wireless broadband. Networking Equipment in Spain, Expanding Ceragon's European Presence to More Than 15 Countries Ceragon Networks Ltd. (Nasdaq:CRNT), a global provider of high-capacity broadband wireless systems for next generation communications networks, has been selected to provide FirstMark Communications with equipment through its strategic OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationship with a global telecommunications vendor. Ceragon has started shipping FibeAir systems for deployment in FirstMark's new nationwide broadband network in Spain. These purchase orders mark Ceragon's continuing success with major European service providers, and its first sale of equipment for use in Spain, one of Europe's largest telecommunications markets. Financial details were not released, but Ceragon expects to supply FirstMark with several hundred FibeAir systems for deployment in its nationwide broadband network in Spain. "We are pleased to be chosen by FirstMark for this major network deployment in Spain," said Shraga Katz, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Ceragon Networks Ltd. "As deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. continues to sweep across Europe, we are seeing increased demand for broadband infrastructure equipment. Our systems are designed for worldwide deployment, meeting European, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and International standards. Ceragon's high-capacity networking equipment is extremely well suited to FirstMark's needs." FirstMark is building an extensive broadband communications network throughout Europe and has operational and business development activities in 12 major countries. Ceragon is supplying high-capacity infrastructure equipment for FirstMark Spain's nationwide SDH (Synchronous Digital Hierarchy) The European counterpart to SONET. See SONET. SDH - Synchronous Digital Hierarchy Network, which is designed to operate in the 38 GHz band. The shipment of FibeAir systems to FirstMark coincides with the opening of Ceragon's office in Madrid, Spain. Ceragon now has installations in over 15 European countries, including Germany and the United Kingdom. About Ceragon Networks Ltd. Ceragon Networks Ltd. is a pacesetter in broadband wireless networking systems, enabling high-capacity connectivity in metropolitan areas. Uniquely designed for high-growth, global communications service providers to generate immediate revenue, Ceragon's commercially proven intelligent broadband network solutions support high-speed Internet See broadband. access and integrated data, video and voice services. Ceragon's products enable quick and cost-effective connections for capacity constrained business customers within their own networks, or as a gateway onto the backbone infrastructure. Founded in 1996, Ceragon is headquartered in Tel Aviv, Israel, with North American headquarters in New Jersey and European Headquarters in the UK. More information is available at www.ceragon.com. Ceragon Networks - the shape of next generation networks. About the FibeAir Product Family Ceragon Networks' FibeAir product family is a broadband wireless system designed to operate across multiple licensed frequencies -- 18, 23, 26, LMDS (Local Multipoint Distribution Service) A digital wireless transmission system that works in the 28 GHz range in the U.S. and 24-40 GHz overseas. It requires line of sight between transmitter and receiving antenna, which can be from one to four miles apart (28, 29, 31) and 38 GHz - to meet the global demand for ultra-high capacity connectivity. Complying with North American and International standards, the FibeAir family is uniquely designed for high-growth global service providers deploying IP, SONET/SDH and ATM broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. . Certain statements concerning Ceragon's future prospects are "forward-looking statements" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. There can be no assurances that future results will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially from forecasts and estimates include: Ceragon's limited operating history and history of losses; Ceragon's dependence on a limited number of key customers, independent manufacturers and suppliers; Ceragon's ability to increase its manufacturing capacity; and the demand for Ceragon's products. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon's filings with the Securities and Exchange Commission. Ceragon makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion