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| Zhone assists Central Illinois service provider in third fiber optic network expansion |
Oakland, CA, Apr 25, 2013 - (ACN Newswire) - Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in FTTx network access solutions, today announced it will assist with iTV-3's new network expansion in Central Illinois, building off of two previous network expansions that used Zhone equipment. Zhone's MXK, GPON and ZNID products will enable iTV-3 to expand its high-speed Internet and triple-play services to an additional 10,000 subscribers.
By 2015, a four-time increase in fixed broadband speeds is expected, and global Internet users worldwide are predicted to increase from 1.9 billion in 2010 to 3 billion in 2015, according to IEEE. Today's bandwidth demand explosion, by no surprise, is driven by a dramatic increase in the consumption of services such as streaming, social media, video on demand and increased access rates.
To meet the growing demand for high-speed broadband iTV-3, a local service provider in Central Illinois, is expanding its service offerings for business and residential subscribers by building a brand new 100 percent fiber optic network in East Peoria, IL. This expansion, which will be fully managed by Zhone's MXK, follows two recent network expansions in the cities of Morton and Pekin, IL.
"After working with Zhone on successful fiber optic network deployments in both Morton and Pekin, IL, iTV-3 is extending its high-speed Internet, VoIP and IPTV video services to customers in East Peoria," said Levi Dinkla, vice president of iTV-3. "Reception to iTV-3's 100 percent fiber-to-the-home network and local customer service was strong, which is why the company chose to expand to additional markets this year. iTV-3 selected Zhone's MXK platform for use on its newest fiber optic network because of the solution's proven ability to seamlessly integrate with current systems, while also providing opportunity for future footprint expansion within the market."
Zhone specializes in high-capacity FTTx multi-service systems, including MXK, designed to deliver cost-effective solutions for customers and provide high performance, while meeting ever-growing bandwidth demands. Zhone's MXK is the industry's first Terabit Access Concentrator, providing industry-leading density, switching capacity and throughput, as well as non-blocking capacity of up to 3,600 100 Mbps GPON subscribers or 360 1G Active Ethernet subscribers. The MXK platform also provides investment protection for the future by guaranteeing high-quality experience for residential triple-play and high-bandwidth business services over any FTTx infrastructure.
"Zhone's FTTx solutions such as the MXK platform will provide advanced connectivity offerings for iTV-3's newest fiber optic network," explained Brian Caskey, chief marketing officer at Zhone. "Zhone has worked with iTV-3 since January 2011 and is excited to provide iTV-3 with flexible services and applications from Zhone's MXK, GPON and ZNID products in this newest network expansion."
iTV-3 uses fiber-to-the-home technology connected to an Optical Network Terminal (ONT) to convert signals from the fiber optic line into standard Ethernet ports. For residential triple play and high-bandwidth business services over any FTTx architecture, Zhone's MXK is one of the leading solutions for FTTH deployments, providing cost efficiency and service differentiation from competitors.
For more information about Zhone's MXK offerings or other solutions in Zhone's FiberHome(TM) portfolio, please visit http://www.zhone.com.
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.
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
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, 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.
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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