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

DASAN ZHONE SOLUTIONS, INC.

(DZSI)
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DASAN Zhone : DZS and Tektraco Transform Malta with Hyper-Connected, Gigabit-Ready Projects

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09/17/2020 | 02:34am EDT

PLANO, Texas, Sept. 16, 2020 (GLOBE NEWSWIRE) -- DZS (NSDQ: DZSI), a global provider of fixed and mobile packet, optical transport, and connected premises solutions to leading service providers and enterprises, today announced that it is working with Tektraco Telecom (Tektraco) to transform Malta into a global technology leader with numerous gigabit-ready hotels/facilities and a country-wide, fiber-enabled water monitoring system. With tourism in Malta accounting for over 27 percent of the country’s GDP and visitors and residents alike expecting lightning-fast broadband, extensive Wi-Fi coverage, and top-notch video and voice services, Tektraco and DZS have delivered. The two partners have leveraged the multi-terabit DZS FiberLAN portfolio to deliver world-class fiber-based solutions. Results have been outstanding, allowing Tektraco to win the “2019 SME Company of the Year” at the Malta Best-in-Business awards and positioning the company as a key partner to Malta’s growing hospitality and utility sectors.

“We are at a crossroads in Malta where older coaxial cable and copper lines are not meeting the communications needs of global travelers – paving the way for new future-proof, Gigabit-ready GPON and FiberLAN technologies,” said Ing. Paul Salnitro, Head of Telecoms Division for Tektraco. “DZS has proven to be the partner of choice to assist us in transforming Malta’s aging communications infrastructure – providing a broad portfolio of affordable, gigabit-capable GPON solutions that are easy to maintain, require a low energy and space footprint, and are capable to expand to 10 gigabit services in the future as needs continue to grow.”

A favorite in utility and hospitality sectors of Malta, the DZS FiberLAN portfolio is recognized for its high performance and efficiency when deployed in a variety of demanding environments. In 2017, Tektraco and DZS built Malta’s first enterprise GPON network at the Mellieha Holiday Centre before working with a number of top hoteliers in the region, including The Palace and The Malta Marriott Hotel & Spa. DZS and Tektraco are also working together to support a country-wide smart irrigation/agriculture system that utilizes FiberLAN to monitor and manage water usage for farmers and other commercial uses across the country.

“Tektraco and DZS came to us with a unique value proposition that offered an advanced networking infrastructure, and the technical expertise to ensure that we meet the needs of our international guests today and into the future,” said Hamdi Aburab, CEO at the Mellieha Holiday Center. “We were impressed that the technology could handle longer distances between bungalows, with smaller space and energy footprints than competitive solutions, at a lower cost. Tektraco has also provided excellent service and has been a long-term partner for our business.”

State-of-the-art DZS FiberLAN solutions are filling in a key gap in the fiber revolution around the world. An ideal solution for enterprise networks, FiberLAN delivers significant cost equipment savings, improved network performance, increased productivity and improved security. The platform is designed around a dual star design with redundant ultra high-speed links to each subscriber line card slot for future-proof support of today’s and tomorrow’s bandwidth-hungry fiber-based subscriber services, including triple play and 10 gig business services.

“As travelers from around the world grow accustomed to being hyper-connected wherever they go, we are pleased to work with our elite partner Tektraco to bring a world-class infrastructure to the island of Malta that future-proofs their key industries and allows them to both compete and stand-out at a global scale,” said Kai Uebach, Executive Vice President for DZS EMEA. “Malta can be a particularly difficult terrain to transform given centuries’ old buildings, weather-worn infrastructure and its isolated position in the middle of the Mediterranean Sea. It’s exciting to realize that both DZS and Tektraco are still in the early stages of fiber proliferation across Malta and the Mediterranean region, and that these two companies and their FiberLAN solution will have a key role in transforming Malta for a gigabit-ready future.”

About DZS

DZS Inc. (NSDQ: DZSI) is a global provider of fixed and mobile packet, optical transport, and connected premises solutions to leading service providers and enterprises. A pioneer in disaggregated platforms, SDN, and virtualization, our customers 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/

About Tektraco Telecom

With over 30 years’ experience, Tektraco Telecom is a leading systems integrator and equipment provider serving Libya and Malta. Tektraco is the brainchild of three veteran electrical engineers with telecoms industry experience, who together with another two entrepreneurs, set it up in 1990. The company currently specializes in GPON, Test & Measurement and Hospitality projects. For more information, visit https://www.tektracotelecoms.com/

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




DZS-_Logo-RGB.png

Source: DZS

2020 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2020 281 M - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 14,7x
Yield 2020 -
Capitalization 206 M 206 M -
Capi. / Sales 2020 0,73x
Capi. / Sales 2021 0,66x
Nbr of Employees 750
Free-Float 55,1%
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Mean consensus BUY
Number of Analysts 3
Average target price 13,83 $
Last Close Price 9,56 $
Spread / Highest target 46,4%
Spread / Average Target 44,7%
Spread / Lowest Target 41,2%
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Charles D. Vogt President, Chief Executive Officer & Director
Min-Woo Nam Chairman
Thomas J. Cancro Chief Financial Officer & Treasurer
Seung Dong Lee Chief Architect
Philip John Yim Chief Technology Officer
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