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| South Carolina service provider leverages ADSL Residential Gateway products to meet growing demand for IPTV services |
Oakland, CA, Jan 30, 2013 - (ACN Newswire) - Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in FTTx network access solutions, today announced a new ADSL deployment with Farmers Telephone Cooperative, Inc., a South Carolina based triple-play service provider that has served Clarendon, lower Florence, Lee, Sumter and Williamsburg counties for more than 60 years. Farmers Telephone will deploy Zhone's 6519 ADSL Residential Gateway products to deliver IPTV services to business and residential customers.
The demand for IPTV services is growing at a rapid rate globally, presenting an opportunity for service providers to generate new revenue streams. In fact, there have been more than 15 million new IPTV subscribers during the past year according to a survey published on October 16, 2012 by Broadband Forum. As the demand for IPTV steadily increases, ADSL will continue to dominate the telecommunications industry. Service providers like Farmers Telephone are turning to Zhone's 6519 ADSL Residential Gateway technology because it enables faster data transmission over copper than a conventional voiceband modem.
"Zhone's ADSL technology provides an excellent platform for delivering IPTV services," said Jay Brown, chief network officer for Farmers Telephone. "Additionally, the company's customization program reduces installation time. The superior understanding and implementation of services to support various IPTV middleware made Zhone the best partner for this deployment."
Zhone's 6519 ADSL Residential Gateway products provide an advantage with the integration of Option 121 and other features required for the IPTV deployment. The 6519 ADSL Residential Gateway products have been successfully used for residential and business deployments for high-speed internet access (HSIA) and video-on-demand services.
"North America is leading in global IPTV adoption," said Brian Caskey, chief marketing officer for Zhone. "The growing demand for IPTV services presents great opportunity for U.S. service providers to reach new subscribers and generate revenue. Because new ways to engage in media gives consumers greater choice of how to watch television, service providers that offer IPTV will be able to meet the demand for new services and gain profit benefits from this emerging market. Through the deployment of ADSL Residential Gateway technology, Zhone helps its customers capitalize on this trend."
For more information about Zhone's ADSL Residential Gateway technology, please visit http://www.zhone.com/products/6519-A1/
About Zhone Technologies
Zhone Technologies, Inc. (NASDAQ: ZHNE) is a global leader in all IP multi-service access solutions, serving more than 750 of the world's most innovative network operators. The IP Zhone is the only solution that enables service providers to build the network of the future.today, supporting end-to-end Voice, Data, Entertainment Social Media, Business, Mobile Backhaul and Mobility service. Zhone is committed to building the fastest and highest quality All IP Multi-Service solution for its customers. Zhone is headquartered in California and its products are manufactured in the USA in a facility that is emission, waste-water and CFC free.
Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone Technologies, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change without notice.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "target," "will," "would," variations of such words, and similar expressions are intended to identify forward-looking statements. In addition, forward-looking statements include, among others, statements that refer to financial estimates; projections of revenue, margins, expenses or other financial items. Readers are cautioned that actual results could differ materially from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, commercial acceptance of the Company's products; intense competition in the communications equipment market; the Company's ability to execute on its strategy and operating plans; and economic conditions specific to the communications, networking, internet and related industries. In addition, please refer to the risk factors contained in the Company's SEC filings available at www.sec.gov, including without limitation, the Company's annual report on Form 10-K for the year ended December 31, 2011 and the Company's quarterly report on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason.
Contacts
Aurora Arlet
Edelman for Zhone Public Relations
Tel: +1-404-460-8578
E: aurora.arlet@edelman.com
Zhone Investor Relations
Tel: +1-510-777-7013
Fax: +1-510-777-7001
E: investor-relations@zhone.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Zhone Technologies, Inc via Thomson Reuters ONE
Topic: Press release summary
Source: Zhone Technologies
https://www.acnnewswire.com
From the Asia Corporate News Network
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