BEIJING, Aug. 15, 2013 /PRNewswire/ -- UTStarcom Holdings Corp ("UTStarcom" or the "Company") (NASDAQ: UTSI), a leading provider of media operational support services and broadband equipment products and services, today announced the launch of a new architecture for its PTN (Packet Transport Network) Network Management System ("NMS").
This reaffirms UTStarcom's commitment to its broadband business and sharpens the focus on providing customers with a "simple network, simple operation" to meet their increasingly sophisticated needs. In alignment with this philosophy, the new NMS architecture announced today augments UTStarcom's market-leading suite of next generation broadband transport solutions and allows customers to expand the capacity of their existing PTN networks and aggregate the management of large-scale networks.
One of the top telecommunications operators worldwide has already deployed this new NMS architecture. The full market for the new NMS architecture spans the Asia Pacific region, where PTN products are broadly deployed. UTStarcom has strong existing relationships with telecom and broadband service providers across the region, having been a leading broadband equipment provider for many of them.
Specifically, the design of the NMS architecture allows the following:
- Improved scalability: the number of PTN nodes managed under one network is significantly enhanced, extending the industry average of 10,000 to 50,000 PTN nodes by up to five times.
- Greater capacity: MPLS-TP service management capacity volume increases by fifteen times, substantially improving managed services like Pseudo Wire and Label Switching Path.
- Enhanced efficiency: with the capability to migrate up to 50,000 PTN nodes onto one network, customers can improve capacity distribution and lower operating costs.
"UTStarcom is one of the first broadband equipment providers to offer a PTN NMS architecture uniquely tailored to the needs of customers managing large-scale PTN networks," said Mr. William Wong, Chief Executive Officer of UTStarcom. "This is one of several new broadband product launches that we anticipate this year and we are confident that we will continue to grow our value-added, higher margin broadband business. We will continue to leverage our success, proven technologies, and high customer satisfaction as we expand our footprint across the Asia Pacific region."
About UTStarcom Holdings Corp.
UTStarcom is focused on providing next generation media operational support services in the rapidly growing markets for TV over IP services and broadband equipment products and services. UTStarcom is committed to meeting the evolving needs of cable and broadband service providers to enable a more personalized entertainment experience. The Company sells its media operational support services and broadband equipment products and services to operators in both emerging and established broadband and cable markets around the world.
UTStarcom was founded in 1991 and listed on the NASDAQ in 2000. It has operational headquarters in Beijing, China and research and development operations in China and India. In year 2011, the Company deployed a revamped growth strategy that concentrates on providing media operation support services. For more information about UTStarcom, visit the Company's Web site at 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.
SOURCE UTStarcom, Inc.