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| Leader in FTTH access solutions reports global growth and a rise in MXK deployments |
Oakland, CA, Oct 24, 2013 - (ACN Newswire) - Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in FTTx network access solutions, continues to demonstrate global growth and expansion for its industry-leading MXK(TM) by exceeding a total of more than 5,300 system deployments with over 150 service providers in 40 countries by the close of Q3 2013.
Demonstrating strong market leadership, Zhone continued to focus its deployment efforts on Gigabit Passive Optical Networking (GPON), increasing its GPON subscriber capacity to 36 million and shipping more than 4.3 million of its GPON Ports globally. Additionally, Zhone shipped over 124,000 zNID Optical Network Terminals (ONTs) and deployed more than 375,000 FTTx Optical Line Terminals (OLTs).
"Zhone remains an innovative leader in the fiber network industry, increasing its products and solutions and expanding its footprint globally," said Brian Caskey, chief marketing officer at Zhone Technologies. "Zhone's MXK Platforms, along with its zNID ONTs and its FTTx OLTs, provide business and residential customers with leading-edge fiber solutions that improve service value and provide opportunities for network enhancement."
Taking its global role seriously, Zhone strives to provide its customers with fiber network solutions that are efficient and adaptable. The company's most recent deployment announcement was with a cable operator in Argentina, where Zhone enabled one of the largest GPON deployments in the country.
The MXK delivers industry-leading advances in access networking while meeting carrier-class requirements for multi-service hardware and software. For residential triple play and high-bandwidth business services over any FTTx architecture, the MXK solution sets a new performance benchmark. The MXK is the industry's first terabit access concentrator, featuring industry-leading density, scalability and switching capacity.
Zhone's FiberHome portfolio of products and solutions, including the MXK platform, fulfills the network requirements of both domestic and international customers' broadband demands for residential users. For more information about Zhone's MXK 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.
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 and the Company's quarterly report on Form 10-Q for the quarters ended March 31, 2013 and June 30, 2013. 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: General Announcement
Source: Zhone Technologies
https://www.acnnewswire.com
From the Asia Corporate News Network
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