Zhone Technologies Finishes Q2 2014 with Increased MXK Growth and Continued FiberLAN Momentum

Contacts

 

Aurora Arlet Zhone Investor Relations Edelman for Zhone Public Relations Tel: +1 510.777.7013 Tel: +1 404.460.8578 Fax: +1 510.777.7001 E: aurora.arlet@edelman.com E: investor-relations@zhone.com

 

 

Zhone Technologies Finishes Q2 2014 with Increased MXK Growth and Continued FiberLAN Momentum

Industry Leader in FTTx access solutions shows global growth, with more than 450 MXK deployments reported

 

Oakland, CA - July 24, 2014 - Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in fiber network access solutions (FTTx), continues to demonstrate global growth and expansion for its industry leading MXK, surpassing more than 6,700 system deployments with more than 150 service providers around the globe. Additionally, Zhone continued to see a rise in the number of FiberLAN Passive Optical LAN deployments.
 
Showcasing sustained market leadership, last quarter Zhone shipped more than 183,000 zNID Optical Network Terminals (ONTs), achieving a new company record. The rise in deployments is a direct result of an increased need for accessible and reliable broadband services. In fact, according to a report by Telegeography, the demand for international bandwidth grew 39 percent to 138 TeraBytes per second (Tbps) in 2013. In 2009, only 30 Tbps of bandwidth was used globally, representing a substantial increase in the last few years.
 
"Zhone continues to be an innovative leader in the fiber network industry, while also generating interest in progressive technologies like Passive Optical LAN," said Brian Caskey, chief marketing officer at Zhone Technologies. "We expect FiberLAN to continue to grow this year as customers demand more bandwidth, better connectivity and greater throughput for their enterprise network solutions."
 
FiberLAN is Zhone's high-performance, high density GPON-based Passive Optical LAN solution (POL) that delivers high speed voice, video and data to multi-level, multi-unit commercial and industrial complexes such as hotels, bandwidth demanding desktops and work-stations. It can be deployed in offices, rooms, factories or other harsh industrial environments, delivering comprehensive connectivity for any Local Area Networking requirement. The solution conserves energy and reduces operating costs.

Zhone continues to provide innovative access solutions, delivering voice, video and data services over copper and fiber. For more information on Zhone's FiberHome(TM) portfolio please visit http://www.zhone.com.
 
About Zhone Technologies
Zhone Technologies, Inc. (NASDAQ: ZHNE) is a global leader in all IP multi-service access solutions, serving more than 750 of the world's most innovative network operators. The IP Zhone is the only solution that enables service providers to build the network of the future today, supporting end-to-end Voice, Data, Entertainment Social Media, Business, Mobile Backhaul and Mobility service. Zhone is committed to building the fastest and highest quality All IP Multi-Service solution for its customers. Zhone is headquartered in California and its products are manufactured in the USA in a facility that is emission, wastewater and CFC free.
 
Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone Technologies, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change without notice.
 
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "target," "will," "would," variations of such words, and similar expressions are intended to identify forward-looking statements. In addition, forward-looking statements include, among others, statements that refer to financial estimates; projections of revenue, margins, expenses or other financial items. Readers are cautioned that actual results could differ materially 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, commercial acceptance of the Company's products; intense competition in the communications equipment market; the Company's ability to execute on its strategy and operating plans; and economic conditions specific to the communications, networking, internet and related industries. In addition, please refer to the 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 for the year ended December 31, 2013 and the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2014. 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.

 

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Source: Zhone Technologies, Inc via Globenewswire
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