HONG KONG, March 7, 2014 /PRNewswire/ -- UTStarcom (NASDAQ: UTSI), a global telecommunications infrastructure provider, has begun to engage more directly with prospective customers and the global network technology community following a year in which it launched several innovative products, including within its flagship line of packet optical transport products based on MPLS-TP and Carrier Ethernet.
The Company has stepped up its presence at major industry events worldwide in 2014 to show how its innovations will help carriers and service providers compete for customers by offering a wider array of entertainment content, news, video, and mobile offerings at a higher quality of service.
"These events are important opportunities to show the industry our ability to bring innovative solutions to market," commented Mr. William Wong, UTStarcom's Chief Executive Officer. "We look forward to working with a growing number of telecom carriers and service providers worldwide to improve network efficiency and help them offer the vast array of entertainment options, programming features, and mobility that consumers demand via significantly more simplified operations and reduced cost."
Key Global Trade Show Participation
In January, UTStarcom attracted nearly 15,000 visitors to its exhibition at Convergence India, a widely attended information and communications technology conference in South Asia. The exhibition included seminars on Software Defined Network (SDN) technology, a revolutionary industry advancement that UTStarcom is incorporating into its packet optical transport solutions. The Company's presentations, titled "Enable Infrastructure to be a Cloud and beyond the Clouds," were attended by executives from India's tier-one carriers and telecom Industry champions in Nepal, Sri Lanka, Bhutan, Bangladesh, and the Maldives.
UTStarcom will next exhibit its suite of broadband infrastructure products at the Optical Fiber Conference (OFC) in San Francisco in March. On display will be its packet optical transport products, FTTX technology, and wireless broadband technology coupled with UTStarcom's in-house carrier grade SDN platform. The OFC is a prestigious annual conference that attracts technology executives across the cable television, broadband, and wireless telecommunications fields. That will be an important step into the United States where UTStarcom is planning a marketing and sales drive this year.
Growing Global Customer Base
In 2013, in addition to continuously growing and expanding business with existing customers, UTStarcom also won several sizable customers worldwide, including top telecom carriers in both Taiwan and Brazil and the largest wireless operator in Indonesia. Southeast Asia is already a large and growing market for UTStarcom. The Company has cumulatively achieved 35% share of the broadband infrastructure market in India.
The Company will continue to commit to existing customers, diversify its customer base, and enter new markets by promoting its global expertise and deployments of suite of its broadband products.
Strong Product Pipeline
UTStarcom's global effort to engage prospective customers follows a year in which it announced several innovations to its broadband offerings, including its market-leading TN series packet optical transport product line and network management system.
The new product offerings embody the Company's vision of "Simple Network, Simple Operation" to make it easier for telecom carriers and Internet operators worldwide to launch new services quickly and reduce costs significantly while improving network stability and performance level.
"We are effectively helping customers stay competitive in an 'on demand' world where people connect to each other and access entertainment, videos, news, and other information whenever they want and on a range of devices, both mobile and fixed," continued Mr. Wong. "We are looking forward to ongoing success in this area in the many markets we are targeting around the world."
About UTStarcom Holdings Corp.
UTStarcom (NASDAQ: UTSI) is a global telecommunications infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The Company's end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom's capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; Fremont, USA; Hangzhou, China; Delhi and Bangalore, India. For more information about UTStarcom, please visit http://www.utstar.com.
This release includes forward-looking statements, including statements regarding the future market and applications of the Company's products and services. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These include risks and uncertainties regarding the effect of competitive and economic factors, and the Company's reactions to those factors, the Company's ability to execute its business plan and to manage regulatory matters and the risk factors identified in its latest Annual Report on Form 20-F and Current Reports on Form 6-K as filed with the Securities and Exchange Commission. The Company is in a period of transition and the conduct of its business is exposed to additional risks as a result. 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 UTStarcom assumes no obligation to update any such forward-looking statement.
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