UTStarcom Announces SOFTBANK BB's Purchase of its NetRing(TM) TN Products
Sep. 27, 2010 (PR Newswire) --
ALAMEDA, Calif., Sept. 27 /PRNewswire-Asia-FirstCall/ -- UTStarcom, Inc.
(Nasdaq: UTSI) announced that SOFTBANK BB Corp., a wholly owned subsidiary of
SOFTBANK Corp., has purchased the NetRing(TM) Transport Network product
portfolio (NetRing(TM) TN) for deployment with its commercial service.
Deployment of the product, which is already undergoing a field trial, is
planned throughout Japan, starting in Tokyo, Nagoya, and Osaka. NetRing(TM) TN
is UTStarcom's latest multiprotocol label switching - transport profile
(MPLS-TP) solution designed to overhaul existing mobile backhaul networks,
provide Ethernet services and deliver broadband aggregation applications.
"The TN product portfolio will enable Softbank BB to realize a high
quality, highly flexible next-generation network, enabling them to construct a
more robust, flexible broadband solution," said UTStarcom Chief Executive
Officer (CEO) Jack Lu.
SOFTBANK BB plans to use UTStarcom's NetRing(TM) TN products in its Next
Generation Network to help realize significant operating expense savings by
offering a power efficient and space-optimized design with enhanced operation
and maintenance capabilities. The NetRing(TM) TN solution also includes a
powerful service-oriented network management platform that will enable
SOFTBANK BB to create new services rapidly.
"Together with Softbank Group Companies, we are trying to build one
unified network solution to unify enterprise, consumer and mobile networks,
with the aim of realizing the efficient utilization of the network and a
reduction in operating costs," said Junichi Miyakawa, executive vice president,
director of SOFTBANK BB Corp. "To do that, a new technology called MPLS-TP is
the key to building a flexible service-oriented network solution. Through the
field trial, we want to confirm that UTStarcom's NetRing TN series will enable
us to meet those goals, and be an effective solution for responding flexibly
to a diverse range of new business needs and thus greatly contribute to the
further expansion of the SOFTBANK Group's business and an increase in our
profitability."
UTStarcom's NetRing(TM) 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 will enable SOFTBANK BB to offer new Ethernet-based
Enterprise services - in addition to high-speed broadband, voice, video
For more information about the NetRing(TM) TN solutions portfolio, please
visit http://www.utstar.com/Products/Optical_Transport_Networks/MPLS-TP/ .
About SOFTBANK BB Corp.
Softbank BB, part of the Softbank Group, a driving force behind the
emergence of Japan as the world leader in broadband, with the launch of the
"Yahoo BB ADSL" commercial service in 2001. Naturally blending their
experience and achievements in the IT business with a telecommunications
infrastructure, they continue to roll out advanced services, develop
commercial and service businesses providing services via the Internet, such as
in the field of IT distribution.
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. The
company was founded in 1991 and is headquartered in Alameda, California. 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 Softbank's intention to deploy UTStarcom products, UTStarcom's
product's ability to help its customers achieve their business objectives, and
the intent for future cooperation between UTStarcom and its customer. 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 ability of the Company to successfully transition to a new
management team and headquarters location, execute on its business plan and
manage regulatory matters as well as risk factors identified in its latest
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K, as filed with the Securities and Exchange Commission. The Company
is in a period of significant transition and in 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 we assume no obligation
to update any such forward-looking statement.
http://www.utstar.com
Linda Rothemund, Market Street Partners at +1-415-445-3236