TEL AVIV, Israel, September 22 /PRNewswire-FirstCall/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), www.ceragon.com, a global provider of high-capacity broadband wireless systems, today announced that Cyprus Telecommunications Authority (CYTA), the national incumbent service provider, is deploying its FibeAir(TM) products as part of a project to extend CYTA's network. The first phase of this four-year project is already under way.
CYTA is installing Ceragon's high-capacity, 7 GHz low frequency SDH radio links which will serve to provide the full range of voice and data services by extending CYTA's fiber-based broadband network. The project involves deploying Ceragon's FibeAir HSB (hot standby) and FD (frequency diversity) radio links and PolyView(R), Ceragon's centralized network management and monitoring software solution.
CYTA has set strict requirements for this project and has selected Ceragon's FibeAir products through an international open tender procedure.
"Ceragon's technology leadership and cost-saving products were the key factors in CYTA's selection of our FibeAir products, which give incumbent service providers, like CYTA, unprecedented flexibility to better meet their subscribers' needs," said Shraga Katz, President and CEO, Ceragon Networks Ltd. "Ceragon remains focused on meeting service providers' demand for higher capacities and networking capabilities by delivering quicker ROI wireless alternatives to fiber."
About CYTA
CYTA is a corporate body established by Law and is responsible for the provision, maintenance and development of telecommunications facilities, both local and overseas.
It demonstrates a fixed telephony density of 59 lines per 100 inhabitants (PSTN and ISDN) and a cellular telephony penetration of 83% (including prepaid). For 2003 CYTA had a turnover of EUR360 million and a profit after tax of EUR80 million. CYTA currently employs 2.497 people.
Taking advantage of the island's geographical position, CYTA has developed an extensive submarine fibre optic cable network, which connects Cyprus with the neighbouring countries of Greece, Israel, Syria, Lebanon and Egypt and thereafter with the rest of the world, and an equally impressive satellite earth station infrastructure. All these justifiably make Cyprus a telecommunications hub in the area.
CYTA provides a variety of advanced telecommunications services, covering the whole spectrum of customer needs for both voice and data communications, fixed and mobile. Special emphasis is also placed on the provision of value added services, such as various Internet-based multimedia services, which promise to be a dominant business activity in the next decade.
CYTA has been active in the area of Quality during the last few years. It is the first organisation member of the EFQM in Cyprus and the largest organisation in the broader state sector in Cyprus to have obtained ISO certification.
www.cyta.com.cy
www.cytaglobal.cy
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT), a pacesetter in broadband wireless networking systems, enables rapid and cost-effective high-capacity network connectivity for mobile cellular infrastructure, fixed networks, private networks and enterprises. Ceragon's modular FibeAir(TM) product family operates across multiple frequencies, supports integrated high-capacity services over SONET/SDH, ATM and IP networks, and offers innovative built-in add/drop multiplexing and encryption functionality to meet the growing demand for value -added broadband services. Ceragon's FibeAir product family complies with North American and international standards and is installed with over 150 customers in more than 60 countries. More information is available at www.ceragon.com.
Ceragon Networks(R), CeraView(R), and the FibeAir(R) design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon(TM), FibeAir(TM), PolyView(TM), ConfigAir(TM), CeraMon(TM), EtherAir(TM), QuickAir(TM), QuickAir Partner Program(TM), QuickAir Partner Certification Program(TM), QuickAir Partner Zone(TM), EncryptAir(TM) and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.
This press release may contain statements concerning Ceragon's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially from forecasts and estimates include: Ceragon's limited operating history and history of losses; Ceragon's dependence on a limited number of key customers, independent manufacturers and suppliers; and the demand for Ceragon's products and technology. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Ceragon under takes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made.
Company Contact:
Eric Rosenberg
Ceragon Networks Ltd.
+972-3-766-8430
ericr@ceragon.com
Investor Contact:
Daphna Golden
CeragonNetworks Ltd.
+972-3-645-5513
ir@ceragon.com
SOURCE Ceragon Networks Ltd.
CONTACT: Company Contact: Eric Rosenberg, Ceragon Networks Ltd., +972-3-766-8430, ericr@ceragon.com; Investor Contact: Daphna Golden, CeragonNetworks Ltd., +972-3-645-5513, ir@ceragon.com
