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

DASAN ZHONE SOLUTIONS, INC.

(DZSI)
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DZS Teams with Nimbus Networks to Bring Hyper-Connectivity and Contactless Solutions to the Hospitality Market in Latin America

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09/03/2020 | 09:04am EDT

PLANO, Texas, Sept. 03, 2020 (GLOBE NEWSWIRE) -- DZS (NASDAQ: DZSI), a leading enabler of the hyper-connected world, has partnered with Nimbus Networks, an innovative IT integrator and leader in fiber, cloud, and managed services for the hospitality industry, to deliver a cutting-edge hyper-connected experience to over 20 high-end hotels across Latin America. By leveraging DZS FiberLAN technology, a state-of-the-art fiber optic and Wi-Fi infrastructure, and unique applications like Nimbus unique cloud based services, these hotels are revolutionizing the hospitality industry by raising the bar on customer expectations when they stay at Nimbus-enabled hotels.

The DZS FiberLAN solutions leveraged by Nimbus utilize multi-gigabit capable GPON technology on the MXK-F OLT and Z-Series ONTs and wireless access points featuring world-class Wi-Fi technology. Across this infrastructure, many of the hotels served by DZS and Nimbus have deployed Nimbus Contactless Cloud applications which allow hotel guests to leverage their own personal mobile phone to create a new hotel experience. First thought of as “healthy building” technology, Contactless Cloud is turning out to be a perfect product for the COVID-19 pandemic.

“We know that fiber and GPON is essential for hotels to provide flexibility,” said Fernando Pérez, IT Manager México and Caribbean at Accor Hotels, Europe’s single largest hospitality company and the sixth largest worldwide. “It also gives us a leg-up in differentiating ourselves. We’ve been delighted by the Contactless Cloud application during the pandemic, as it allows us to use this infrastructure to directly impact a primary concern of our guests. It is game-changing for us.”

The Nimbus CloudOne Contactless Solution does exactly what its name implies by minimizing the hotel guest’s physical contact with certain elements in the property that may represent a sanitary risk such as restaurant menus, brochures, TV remotes, in-room phones and more. All of this information, as well as daily guest requests, are made available through their own personal devices. It is a great example of the powerful applications that can leverage a strong digital foundation of FiberLAN-enabled PON and Wi-Fi.

“We aim to continuously bring value to our customers by providing dynamic and adaptive cloud based and optics oriented solutions,” said Ernesto Romero, CEO of Nimbus. “The hotel industry used to revolve around business, leisure and group events. However, because of COVID things have slowed down. Now is the time to plan for the future and upgrade the infrastructure that is currently in place. That is where DZS and Nimbus come in – providing the forward-facing technology and applications that are helping the hotel industry to survive.”

“In a hyper-connected era, characterized by a proliferation of devices used by everyone seeking to connect at instantly and effortlessly everywhere, those resorts and hotels who lead the charge to fiber and wireless-enabled gigabit infra-structure are going to see the most success,” said Jay Hilbert, EVP of Americas Sales at DZS. “The DZS solutions portfolio is ideally suited for agile and innovative partners like Nimbus who want to stand out from their competitors and bring enormous value to their clients. We are proud to be so closely aligned with Nimbus in enabling new pioneering applications in the hospitality industry.”

About DZS

DZS (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 15,6x
Yield 2020 -
Capitalization 218 M 218 M -
Capi. / Sales 2020 0,78x
Capi. / Sales 2021 0,69x
Nbr of Employees 750
Free-Float 55,1%
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Technical analysis trends DASAN ZHONE SOLUTIONS, INC.
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Mean consensus BUY
Number of Analysts 3
Average target price 13,83 $
Last Close Price 10,11 $
Spread / Highest target 38,5%
Spread / Average Target 36,8%
Spread / Lowest Target 33,5%
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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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