PRXT---CRNT---Zow!!! UP .65--News today!!
At 4.57
Stockscore has rating at 57%--Year High 6.49
Low O/S of 26,210,345--
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Ceragon Networks and Nokia Sign OEM Agreement
1/9/2006
Nokia to Broaden its High Capacity Radio Solutions for Cellular Infrastructure With the FibeAir Product Family
TEL AVIV, Israel, January 9, 2006 /PRNewswire-FirstCall via COMTEX/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), www.ceragon.com, a global provider of high-capacity broadband wireless systems, today announced that it signed an original equipment manufacturer (OEM) agreement with Nokia, a world leader in mobile communications.
Under the agreement, Nokia will include Ceragon's high-capacity FibeAir family with its microwave radio product portfolio as Nokia PowerHopper Vario to provide complete cellular transmission networking solutions. This OEM agreement is the outcome of several years of successful integration of Ceragon's SDH radio products into Nokia's global transmission solutions.
"Nokia's decision to strengthen its relationship with Ceragon reflects the rising demand for high-capacity radio solutions," said Ira Palti President and CEO, Ceragon Networks Ltd. "We are confident that our industry-proven SDH radios will add value to Nokia's portfolio and help deliver a complete solution to their customer base. This agreement with Nokia is a significant step towards globally promoting our state-of-the-art FibeAir family of products."
Ceragon's FibeAir products are perfectly suited to answer the growing demand for 3G converged networks that provide data-rich applications and services requiring high-capacity backhaul solutions.
"Our product synergy, with Ceragon's radios, allows Nokia to answer cellular service providers' calls for a complete solution ranging from low to ultra-high capacity connections," said Mr. Risto Valtonen, General Manager, Cellular Transmission, Nokia Networks. "Ceragon has a market leading position in the cellular backhauling network business. This agreement will enhance our full system capabilities by broadening our high capacity product offering to our system customers."
About Nokia
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. www.nokia.com
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ and TASE: CRNT), a pacesetter in broadband wireless networking systems, enables rapid and cost-effective high-capacity network connectivity for mobile cellular infrastructure, fixed networks, private networks and enterprises. Ceragon's modular FibeAir(R) product family operates across multiple frequencies, supports integrated high-capacity services over SONET/SDH, ATM and IP networks, and offers innovative built-in add/drop multiplexing and encryption functionality to meet the growing demand for value-added broadband services. Ceragon's FibeAir product family complies with North American and international standards, and has been installed for more than 150 customers in more than 60 countries. More information is available at www.ceragon.com.
Ceragon Networks(R), CeraView(R), FibeAir(R) and the FibeAir(R) design mark are registered trademarks of Ceragon Networks Ltd. Ceragon(TM), CeraMap(TM), PolyView(TM), ConfigAir(TM), CeraMon(TM), EtherAir(TM), QuickAir(TM), QuickAir Partner Program(TM), QuickAir Partner Certification Program(TM), QuickAir Partner Zone(TM), EncryptAir(TM) and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.
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