InCoax secures additional order of USD 3.1 million (SEK 34.7 million) from the US based Fiber/LAN operator

InCoax has received additional order from the US based Fiber/LAN operator with which InCoax signed a framework agreement in the autumn of 2021 for the purchase of InCoax system for fiber extension. The order, which is the largest in InCoax history, amounts to USD 3.1 million (SEK 34.7 million) and will be delivered and invoiced continuously during 2022 and all of 2023.

InCoax and the operator have for some time held discussions about a more long-term and joint planning to ensure the expansion that the operator intends to carry out with the InCoax solution. This has resulted in a larger order that provides the opportunity to ensure availability of products for the rest of 2022 and 2023.

“We look forward to being part of the operator's continued expansion in the American broadband market with our system solution and this order gives us good conditions to deliver in line with the customer's wishes” says Jörgen Ekengren, CEO 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 08.30 CEST on October 18, 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 innovating the reuse of existing in-building infrastructure for broadband access. We provide the next-generation MultiGigabit networking solutions to the world’s leading telecom and broadband service operators. 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.