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    DZSI   US2682111099

DZS INC.

(DZSI)
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Delayed Nasdaq  -  03:57 2022-12-07 pm EST
11.08 USD   -2.55%
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Southeast Nebraska Communications Invests in the Future of Active Ethernet Network with Switch to DZS Solutions

08/23/2022 | 08:01am EST

DALLAS, Aug. 23, 2022 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader in access and optical networking infrastructure and cloud software solutions, today announced that rural innovator Southeast Nebraska Communications (SNC) is upgrading its existing point-to-point fiber infrastructure with next generation Active Ethernet solutions from DZS. An early adopter of Active Ethernet technology, SNC was looking for a ready-to-deploy solution that allows them to position their network for the future and replace their aging and discontinued access infrastructure. DZS, a leading Active Ethernet vendor based in America, was a natural choice for SNC, offering a cutting-edge technology that could not only snap into their existing point-to-point infrastructure, but enable their network to have an easy path to multi-gigabit services in the future as services like 8K HD TV, virtual conferencing, immersive gaming, telemedicine, and “metaverse” experiences evolve.

“We were looking for a robust, future-proof product set to replace our existing network gear as our previous vendor no longer supports Active Ethernet,” said Ray Joy, vice president and general manager, SNC. “We found the perfect solution with DZS, which enables us to meet our current service offering today, and leap to gig and multi-gig services when we are ready. It was time for us to retire our old equipment and prepare for the future, and we are excited to report that with our DZS network in place, we are already seeing higher service quality, fewer truck rolls, operational cost savings and more satisfied subscribers with fewer issues.”

SNC’s state-of-the-art Active Ethernet network infrastructure includes solutions from the DZS Velocity Access Edge and DZS Helix Subscriber Edge portfolio, including:

  • DZS Velocity V2, V14 and V16 Access Edge Platforms. All of these ultra high-capacity, fiber-optimized chassis can leverage common Active Ethernet line cards that bring services from 1 Gbps to 40 Gbps to subscribers. Ideally suited for residential triple-play and high-bandwidth business customers, the Velocity chassis provide industry-leading Active Ethernet density in a variety of environmentally hardened form factors ranging from a compact 2RU, 2 service card slot chassis to a 14RU, 16 service card slot chassis.
  • DZS Helix Subscriber Edge Optical Network Terminals (ONTs). A broad range of termination devices that bring gigabit and multi-gigabit experiences to the connected home and business.

“DZS, along with its value-added reseller Goldfield Telecom, is proud to support the network upgrade requirements of SNC, a fiber access pioneer that has served changing communications needs across Nebraska for more than 100 years,” said Andrew Finkelstein, Senior Vice President, North America Sales, DZS. “As some access vendors withdraw from the Active Ethernet marketplace, DZS is stepping up, enabling our customers to retain their preferred network configurations, improve manageability, reliability and performance, and prepare their networks for a leap to multi-gigabit services in the future. We are thrilled that this forward-looking service provider, one of many in the state of Nebraska that has recently adopted DZS solutions, has chosen to standardize on our platforms from their central office to their subscribers’ premises, and look forward to supporting them going forward as they continue to meet the growing demands of the communities they serve.”

“DZS, with its standards-based interoperability, flexible form factors, temperature-hardened platforms and reputation for quality, was clearly the best choice for SNC’s Active Ethernet topology,” continued Joy. “We are part-way through our upgrade today, and are thrilled that DZS has enabled a smooth, customer-controlled upgrade path and allowed us to keep pace with our deployment plans.”

DZS Velocity Access Edge platforms and DZS Helix Subscriber Edge solutions accelerate and simplify the network-wide deployment of future-proof, next-generation multi-gigabit services over fiber. This enables service providers to deliver the advanced services their customers increasingly expect, while enjoying optimum flexibility, operational simplicity and clear upgrade paths that maximize current investments.

To learn more about DZS, visit https://www.dzsi.com

About DZS

DZS Inc. (NSDQ: DZSI) is a global leader in access 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/


Press Inquiries:
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 -12,6x
Yield 2022 -
Capitalization 346 M 346 M -
Capi. / Sales 2022 0,89x
Capi. / Sales 2023 0,79x
Nbr of Employees 840
Free-Float 66,8%
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Mean consensus BUY
Number of Analysts 5
Last Close Price 11,37 $
Average target price 22,20 $
Spread / Average Target 95,3%
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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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