InCoax receives an order of 1.8 million USD (19.9 million SEK) from the US-based FiberLAN operator

The US FiberLAN operator, with whom InCoax signed a framework agreement in the fall of 2021, continues its expansion in 2024. InCoax has received an order worth 1.8 million USD (19.9 million SEK) for system components for broadband services in multi-family homes (MDU). The order is intended to cover initial needs for the year and will be delivered and invoiced progressively during the first quarter of 2024.

The close collaboration between InCoax and the operator continues to evolve and expected volumes for 2024 are beginning to take shape. InCoax will continue to play a crucial role in the operator's expansion plans for fiber and Fixed Wireless Access (FWA) broadband services. This has resulted in an order that ensures product availability in the first part of 2024.

“The collaboration between the FiberLAN operator and InCoax is characterized by strong trust, evident in their continuous orders. InCoax's system solution has established itself as a reliable technology, supporting the FiberLAN operator's aggressive expansion strategy to offer Multigigabit services in 32 areas, including several metropolitan areas in the USA. The collaboration with the FiberLAN operator continues successfully, and InCoax plays a vital role in supporting their extensive growth", says Andreas Bergman, Head of Sales at 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 11.00 CET on November 9, 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.