InCoax receives additional order of USD 0.9 million (SEK 9.4 million) from the US based Fiber/LAN operator.
InCoax has won an additional order from the US based Fiber/LAN operator to add to the 3.1M USD order already placed for 2023 for the purchase of InCoax system for fiber extension. The order amounts to USD 0.9 million (SEK 9.4 million) and will be delivered and invoiced during the second half of 2023.
InCoax and the operator are adding to the earlier order for 2023 to ensure the expansion that the operator intends to carry out with the InCoax solution. This has resulted in an order that ensures availability of products for the 2023.
“In a period of Global turmoil and uncertainties, it is reassuring to see the increased order intake from the operator. Securing this order is a good sign of the operator's focus and intent to continue the expansion on the American broadband market with our system solution”, says Andreas Bergman, Head of Sales of InCoax Networks AB.
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 20.15 CET on December 12, 2022.
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) is Reinventing Connectivity in existing property coaxial networks for high performance broadband access by solving the ‘Last Mile Challenge’ in Fiber-To-The-Home (FTTH) deployments for Communication Service Providers (CSP) globally.
The technology is a future proof, reliant, cost-effective and non-intrusive complement to fiber, 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. Augment Partners AB, tel. +46 8-604 22 55 info@augment.se, is acting as the company’s Certified Adviser.