InCoax receives add-on order of USD 685k (SEK 7.2M) from the US based FiberLAN operator

InCoax has received additional orders from the US-based FiberLAN operator. The order amounts to USD 685 thousand (SEK 7.2M) and will be delivered and invoiced during the first quarter of 2024. The total order value for deliveries in 2024 now stands at USD 2.5 million (previously USD 1.8 million).

The operator is adding to the earlier orders for 2024 to ensure the continued expansion that the operator intends to carry out with the InCoax solution. This has resulted in an additional order that ensures availability of products for the 2024.

Learn more about InCoax and its MultiGigabit solutions here.

This information is such information as InCoax Networks AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 11.00 CET on November 15, 2023.

For additional information, please contact:

Jörgen Ekengren, CEO, InCoax Networks AB
jorgen.ekengren@incoax.com
+46 73 899 55 52

About InCoax Networks AB

InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access (FWA) extension deployments for Communication Service Providers (CSP) globally.The technology is a high performance, future proof, reliable and cost-effective complement, that reduces installation time and improves take-up rate, to boost digital inclusion and Internet access for all.

To keep updated on corporate information, visit incoax.com. Vator Securities AB, tel. +46 8-5800 6599, ca@vatorsec.se, is acting as the company’s Certified Adviser.