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    DZSI   US2682111099

DZS INC.

(DZSI)
  Report
Delayed Nasdaq  -  04:00 2022-12-08 pm EST
11.67 USD   +5.52%
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DZS CEO Charlie Vogt Named Tech Titans 2022 Corporate CEO Award Recipient

09/26/2022 | 01:00pm EST

DALLAS, Sept. 26, 2022 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader in access and optical networking infrastructure and cloud software solutions, today announced its CEO Charlie Vogt has received the 2022 Corporate CEO award from Tech Titans, the largest technology trade organization in Texas.

The Tech Titans Awards recognizes and celebrates the elite innovators, adopters and executors impacting the technology industry for the greater good in North Texas
individuals who are giving companies a competitive edge by leading the way in innovation and technical applications.

“Tech Titans is pleased to be able to recognize Charlie Vogt for his innovative leadership at DZS in addition to his dedication to the North Texas tech industry,” said Paul Bendel, Executive Director of Tech Titans.

The award will be presented during a gala awards ceremony on October 27 at the Eisemann Center in Richardson, presented by Dallas College.

“I am honored to be recognized as the 2022 Corporate CEO of the Year among so many worthy nominees by Tech Titans, a longtime leading champion of technology and innovation,” said Mr. Vogt. “The Dallas-Fort Worth Metroplex is one of the fastest growing and most competitive technology hubs in the world. A special thank you and appreciation to my team at DZS as this recognition is a testament to the innovation, transformation and growth that has been accomplished over the past two years. We are laser focused on transforming today’s service provider into tomorrow’s experience provider by innovating and delivering differentiated access networking infrastructure and cloud native orchestration, automation, service assurance, end-to-end wifi management and data analytics software platforms from the network edge to the home.”

Mr. Vogt joined DZS as president & CEO in August 2020, instilling an entrepreneurial, results-oriented and customer first culture to more than 800 employees. Vogt has led DZS to acquire and integrate three innovative technology companies; Optelian – metro-optical edge, RIFT – network orchestration and software automation and most recently Adaptive Spectrum and Signal Alignment, Inc. (ASSIA®), an industry pioneer of broadband access quality-of-experience software solutions.

Since his arrival, the company has secured 187 new customers. Today, DZS is connecting tens of millions of homes and businesses spanning hundreds of regional and global service providers, including 30 of the top 50 global service providers.  

DZS has experienced record sales and financial performance under Vogt’s leadership. In 2021, DZS achieved record-setting orders of $504 million (62% increase year-over-year) and revenue of $350 million (16% increase year-over-year). At the end of June, 2022, DZS’ backlog and deferred revenue grew to $320 million (95% year-over-year).

Prior to DZS, Mr. Vogt served as president and CEO of ATX Networks, a global leader of HFC and optical access networking solutions, Harris Broadcast (today Imagine Communications/GatesAir), a global leader of IP media distribution and over-the-air wireless solutions, GENBAND (today Ribbon Communications), a global leader of IP networking and optical solutions, and Taqua (acquired by Tekelec), a pioneer of VoIP softswitch technology. 
  
Earlier in his career, Mr. Vogt was instrumental in the operational and financial growth of several standard-setting technology companies which included Adtran and Ascend Communications (acquired by Lucent Technologies/Nokia).

Mr. Vogt has been recognized industry-wide for his contributions to the tech community with numerous awards and accolades. This is the second time he was named Tech Titans’ Corporate CEO of the Year – recognized for the first time in 2010. Mr. Vogt was also named 2021 “Person of the Year” by Light Reading and was recently ranked among the Dallas 500 most influential leaders by D CEO magazine. In 2012, while under Mr. Vogt’s leadership, the Wall Street Journal recognized GENBAND (today Ribbon Communications) as the top privately held company, among 5,900 companies. In 2008, Mr. Vogt was named Ernst and Young’s Southwest Area North Entrepreneur of the Year.

Mr. Vogt holds a B.S. in Economics and Computer Science from Saint Louis University.

For more information on the event or to purchase tickets, visit www.techtitans.org.

About DZS
DZS Inc. (NSDQ: DZSI) is a global leader in access and optical networking and cloud software solutions.

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 subsequent filings.  In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. 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. DZS 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/


Media Contacts:  
McKenzie Hurst, Thatcher+Co.
Phone: +1 646.893.0036
Email: mhurst@thatcherandco.com

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Source: DZS

2022 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2022 391 M - -
Net income 2022 -22,2 M - -
Net Debt 2022 - - -
P/E ratio 2022 -12,2x
Yield 2022 -
Capitalization 337 M 337 M -
Capi. / Sales 2022 0,86x
Capi. / Sales 2023 0,77x
Nbr of Employees 840
Free-Float 66,8%
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Mean consensus BUY
Number of Analysts 5
Last Close Price 11,06 $
Average target price 22,20 $
Spread / Average Target 101%
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Managers and Directors
Charles D. Vogt President, Chief Executive Officer & Director
Misty D. Kawecki Chief Financial Officer
Min-Woo Nam Chairman
Andrew Bender Chief Technology Officer
Doron Paz Vice President-Research & Development
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