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Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Telekom & Media |
| Industri | Telekommunikation och -tjänster |
InCoax has received new orders with a combined value of 1.36 MUSD (appr. 15 MSEK) for system products as well as software maintenance, operation- and platform support for installed InCoax systems from the US-based FiberLAN operator. The orders for system products will be delivered and invoiced during Q1 and Q2 2025. Revenues from software maintenance, operation- and platform support will be recognized over three years, starting in Q2 2025. The total order value for deliveries to the operator in 2025 now amounts to 2.3 million USD, which currently corresponds to 25.5 million SEK.
The operator supplements previous orders for 2025 concerning the ongoing expansion the operator is planning with InCoax's solution. This has resulted in additional orders to ensure the availability of products and services for 2025.
The trust and confidence demonstrated by the operator in InCoax and MoCA Access technology resonate strongly in the global market. The technology's speed and cost-effectiveness of deployment, combined with its multi-gigabit performance, are increasingly recognized by fiber, cable, and wireless operators. This is well exemplified by DigitalC's broadband deployment to 502 apartments across 47 MDUs in just 48 days in Cleveland, USA. (Read more here.)
For more information about InCoax and its MultiGigabit access solutions, visit InCoax's website.
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 13.00 CET on January 29, 2025.
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.