UTStarcom Launches High Capacity PTN 735 Solution
BEIJING, September 29, 2011 /PRNewswire-Asia-FirstCall/ -- UTStarcom Holdings Corp. ("UTStarcom" or "the Company") (NASDAQ: UTSI) a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, today announced the launch of its upgraded NetRing™ TN solution, PTN 735.
Since 2006, UTStarcom has launched a series of high-quality Packet Transport Network ("PTN") solutions. The Company's branded packet-based optical transport system, NetRing™ TN, is based on the latest MPLS-TP technology. It is a durable, scalable and cost-effective solution that can be deployed for key applications such as carrier mobile backhaul, metro Ethernet services for enterprise and digital subscriber line access multiplexer (DSLAM) and X-version of passive optical network (xPON) aggregation. UTStarcom's NetRing™ TN platform makes it possible to migrate existing aggregation networks from legacy synchronous digital hierarchy/asynchronous transfer mode (SDH/ATM) to a packet-based network for the delivery of high-speed services. This enables customers to offer new Ethernet-based enterprise services, in addition to high-speed broadband, voice, and video services.
The newly upgraded PTN 735 product is a flexible, service-oriented network solution that has unified loading capacity and improved processing capacity. The upgrade enhances the quality of service that customers can provide and its improved design and smaller size helps improve profitability through lower transportation costs. In 2010, UTStarcom successfully completed a field trial of the PTN 735 solution for SOFTBANK BB Corp. ("SOFTBANK") and participated in the commercial deployment of the solution throughout Japan as the preferred supplier. The successful commercial deployment in Japan for SOFTBANK will help to further enhance the Company's market advantage in Japan as well as across the Asia-Pacific region.
About UTStarcom Holdings Corp.
UTStarcom is a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and Broadband for cable and telecom operators. The Company sells its solutions to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.
Founded in 1991, listed on the NASDAQ in 2000, the Company has its operational headquarters in Beijing, China and research and development operations in China and India. For more information about UTStarcom, visit the Company's Web site at http://www.utstar.com.
This release includes forward-looking statements, including statements regarding the future market and application of the Company's broadband products, and how these products can serve its customers in the future. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These risks include the failure to deploy the products in the anticipated timeframe; risks associated with delays in product development or customer acceptance; economic issues in the identified geographic markets, and changes in government regulation and licensing requirements, as well as risk factors identified in its latest Annual Report on Form 10-K, 10-K/A, Quarterly Reports on Form 10-Q, 6-K and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statement.
SOURCE UTStarcom, Inc.