Three-year, $66 million contract with DASAN Network Solutions, Korean business unit of DZS, expands role as next gen PON and 5G strategic supplier to leading global broadband innovator
Alameda, Calif, USA, June 3, 2020 – DASAN Zhone Solutions, Inc. (NSDQ: DZSI or “DZS”), a leading enabler of the emerging hyper-connected, hyper-broadband world, is proud to announce a new three-year, $66 million contract to supply LG U+ with Fiber-to-the-Home solutions and switches, including co-development of ultra-low latency 100 Gbps mobile backhaul switches for 5G mobile services. Starting June 1, 2020, this contract secures the position of DZS as a strategic supplier to LG U+ and provides the opportunity to continue to develop new business with them in the future.
“LG U+ continues to be one of the world’s most innovative and agile operators, and we are honored to be a close strategic supplier to them,” said Yung Kim, Chief Executive Officer, DZS. “We share a common vision that a new era of hyper-connectivity facilitated by hyper-broadband is upon us, and both companies are laser focused on meeting the opportunities and challenges of this new world head-on. We at DZS thrive on matching the promise of cutting-edge technology and innovation with service providers seeking to redefine how the world communicates, transacts, and entertains itself, and we look forward to helping leaders like LG U+ push the boundaries of what is possible.”
As a global provider of leading-edge access, 5G transport, and enterprise communications platforms, DZS is enabling the emerging hyper-connected, hyper-broadband world that arms service providers worldwide with the network resources and deployment freedom they need to lead in their markets and deliver an unrivaled communications experience. This contract with LG U+ highlights trends that DZS is seeing across its business as carriers expand their relationships with the company in areas ranging from traditional broadband access to switching, 5G, and enterprise. As new applications like 5G, AR/VR, autonomous driving, and ultra HD video begin to drive up network capacity and performance requirements and create opportunities for new services, DZS is finding new ways to engage and add value to its customers.
DASAN Zhone Solutions, Inc. (NSDQ: DZSI or “DZS”) is a global provider of leading-edge access, 5G transport, and enterprise communications platforms that enable the emerging hyper-connected, hyper-broadband world. Over 1200 service providers, operators, and enterprises in over 120 countries have leveraged DZS innovation, open solutions, and agility to arm them with the network resources and deployment freedom they need to lead in their markets and deliver an unrivaled communications experience. With manufacturing based in the USA and Germany, engineering, service and support centers of excellence spread across the globe DZS is positioned to bring next-generation technologies and world-class solutions to service providers and enterprises who are poised to transform, compete and win.
DASAN Zhone Solutions, the DZS logo, and all DZS product names are trademarks of DASAN Zhone Solutions, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.
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