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| Canadian service provider and long-term customer expands bandwidth and increases density with reliable and industry proven solution from Zhone |
Oakland, CA, June 20, 2012 - (ACN Newswire) - Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in FTTx network access solutions, today announced the expansion of its ten-year relationship with Managed Network Solutions, Inc. (MNSi). A service provider headquartered in Windsor, Ontario, MNSi has been a competitive local exchange carrier (CLEC) provider since 1995. The company offers telephone, digital subscriber lines (DSL) and internet service to more than 20,000 access line customers in southwestern Ontario. The expanded relationship between MNSi and Zhone ensured local consumers receive competitive triple-play services in an efficient manner.
MNSi deployed Zhone's industry leading MXK(TM) in March 2012 as its multi-service access solution for business VoIP and HSIA for area businesses. MNSi chose the MXK to provide competitive voice and data services on a single platform based on their rewarding experience with Zhone's DSL modem deployments.
"The key deciding factor in our MXK deployment was Zhone's ability to effectively deliver both VoIP and HSIA with the most density of ports in the smallest footprint," declared Clayton Zekelman, president of MNSi. "Our long-standing relationship with Zhone is strengthened by this increased investment, and the MXK also offers our customers with bandwidth increases and provides both data and VoIP for expanded revenue opportunities and improved customer satisfaction."
"This domestic deployment deepens our customer base in North America and our relationship with MNSi," said Brian Caskey, chief marketing officer of Zhone. "We have proven once again that our solutions are the right fit for business services; the featured flexibility of the MXK serves just the purpose MNSi needs - to provide hybrid networking capabilities for its local customers such as schools, hospitals, government agencies and various small businesses."
To date, Zhone has deployed more than 3,000 of its fully redundant, carrier-grade all-IP MXK platforms with more than 150 service providers globally, signaling an FTTx customer growth rate of more than 450 percent in the three-year period from January 2009 to January 2012. Total subscriber capacity supported by these deployments now exceeds 20 million. Featuring industry-leading density, scalability and switching capacity, the MXK is the industry's first terabit access concentrator and provides non-blocking capacity of up to 3,600 100 Mbps GPON subscribers or 360 1G Active Ethernet subscribers. Zhone has also driven more than 8,500 percent ONT growth and more than 9,800 percent OLT growth since solution inception.
For more information about Zhone's MXK solution, please visit http://www.zhone.com/products/MXK/ .
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 quarter ended March 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.
Contacts
Aurora Arlet
Edelman for Zhone Public Relations
Tel: +1 404.908.3186
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
Copyright (c) Thomson Reuters 2012. All rights reserved.
Topic: Press release summary
Source: Zhone Technologies
https://www.acnnewswire.com
From the Asia Corporate News Network
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