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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DASAN Zhone Solutions, Inc.    DZSI

DASAN ZHONE SOLUTIONS, INC.

(DZSI)
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Chaco Digital, Communication Partner and DZS Bring Hyper-Broadband Services to Argentina's Chaco Province

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08/26/2020 | 09:03am EDT

PLANO, Texas, Aug. 26, 2020 (GLOBE NEWSWIRE) -- DZS (NSDQ: DZSI), a leading enabler of the hyper-connected world, today announced team up plans with regional VAR Communication Partner (CommPartner) to enable Chaco Digital and its commercial internet service provider brand Everon to provide universal access across the underserved areas of Chaco Province, Argentina. Chaco Digital is leveraging the DZS multi-terabit MXK-F platform and Z-Series optical network terminals (ONTs) to rapidly close the region’s digital divide and introduce infrastructure capable of gigabit speeds. Since launching services in Chaco in 2019, the service provider has rapidly expanded its broadband footprint, turning up hundreds of new subscribers every month.

“Thanks to Communication Partner and DZS, we were able to deploy our infrastructure in record time, allowing us to provide services to our subscribers in less than three months since the project started,” said Luis Eiman, President of Chaco Digital. “Encouraged by this success, we are launching services in the city of Barranqueras in November. Our goal is to guarantee high quality internet access to every inhabitant of the province to promote digital inclusion and the generation of sustainable initiatives. For this, we count on DZS and Communication Partners as our strategic business partners.”

CommPartner and DZS formed a partnership eight years ago that has continued to mature and grow across Argentina. This success encouraged CommPartner to continue its expansion into nearby countries like Bolivia and Peru. By leveraging the successful model that DZS and CommPartner have established in Argentina, subscribers throughout the region will soon be able to leverage the promise of fiber in transforming their communities into Smart Cities supported by deploying cutting-edge fiber access services and Wi-Fi.

“We are proud to be so closely aligned with CommPartner and Chaco Digital, as they leverage DZS fiber and connected home solutions to transform the broadband landscape in not only Chaco province, but also across Argentina and the region,” said Jay Hilbert, DZS EVP of Americas Sales. “The real winners here, however, are the communities who will have a world-class, DZS-enabled broadband infrastructure at their disposal, and strong local support by CommPartner. It’s exciting to think that we are still in the early stages of fiber proliferation across the region, and are looking forward to continuing to be a key enabler to CommPartner as it expands throughout Argentina and South America.”

“Partnering with DZS to deploy its MXK and Z-Series ONT solutions was the perfect option for us and the cooperative market in Argentina,” said Abi Klincovitzky, President of CommPartner. “Our goal is to help cooperatives throughout the country close the digital divide by providing the best fiber-based solutions to our customers and their end users. The flexibility and scalability of DZS solutions have been critical to our success not only in the Chaco province with its one million residents, but also with 75 other customers now actively working with CommPartner and deploying DZS fiber solutions throughout Argentina.”

About DZS

DZS Inc. (NSDQ: DZSI) is a global provider of leading-edge access, 5G transport, and enterprise communications platforms that enable the hyper-connected world. A pioneer in disaggregated platforms, SDN, and virtualization, service providers and enterprises look to DZS for the innovation that leads to future-proof networks and outstanding performance. Over 1,200 service providers, operators, and enterprises in over 120 countries have leveraged DZS innovation, open solutions, and agility to arm them with the network resources and deployment freedom they need to lead in their markets and deliver an unrivaled communications experience. With manufacturing, engineering, service and support centers of excellence spread across the globe, DZS is positioned to bring next-generation technologies and world-class solutions to service providers and enterprises who are poised to transform, compete and win.

DZS, the DZS logo, and all DZS product names are trademarks of DZS, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely 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, those 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, quarterly reports on Form 10-Q and current reports on Form 8-K. 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.

For further information see: www.DZSI.com.
DZS on Twitter: https://twitter.com/dzs_innovation
DZS on LinkedIn: https://www.linkedin.com/company/DZSi/

Press Inquiries:
McKenzie Hurst, Thatcher+Co.
Mobile: +1 408.888.6787
Email: mhurst@thatcherandco.com

This press release can be downloaded here.

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© GlobeNewswire 2020

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Financials (USD)
Sales 2020 281 M - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 15,0x
Yield 2020 -
Capitalization 210 M 210 M -
Capi. / Sales 2020 0,75x
Capi. / Sales 2021 0,67x
Nbr of Employees 750
Free-Float 55,1%
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Technical analysis trends DASAN ZHONE SOLUTIONS, INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 3
Average target price 13,83 $
Last Close Price 9,73 $
Spread / Highest target 43,9%
Spread / Average Target 42,2%
Spread / Lowest Target 38,7%
EPS Revisions
Managers
NameTitle
Charles D. Vogt President, Chief Executive Officer & Director
Min-Woo Nam Chairman
Michael Martin Head-Global Operations
Thomas J. Cancro Chief Financial Officer & Treasurer
Seung Dong Lee Chief Architect
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