Ceragon Expects a Major Customer's Revised Acceptance Procedures to Cause Recognition of $11M to $14M of Revenue to Shift From

  Ceragon Expects a Major Customer's Revised Acceptance Procedures to Cause
      Recognition of $11M to $14M of Revenue to Shift From 2012 to 2013

PR Newswire

PARAMUS, New Jersey, January 4, 2013

PARAMUS, New Jersey, January 4, 2013 /PRNewswire/ --

Ceragon Networks Ltd.(NASDAQ:CRNT), the #1 wireless backhaul specialist,
today announced that in late December, 2012, it learned that a major customer
is requiring additional acceptance procedures and documentation for equipment
it has purchased from Ceragon. The equipment was installed and accepted
previously by the customer pursuant to the process in place at the time. The
Company's assessment is that the additional acceptance procedures will shift
the recognition of between $11 million and $14 million of revenue from 2012 to
2013.

"The equipment is part of a valued customer's network carrying live traffic,"
said Ira Palti, CEO and President of Ceragon Networks. "Learning of this
requirement in the last days of the fiscal year meant we had no time to
respond to the additional requirements."

The Company noted that collections during the fourth quarter were strong,
increasing net cash by approximately $12 to $13 million.

Management will hold a brief conference call to respond to questions today,
January 4, 2013 at 9:00 a.m. EDT. Investors are invited to join the Company's
teleconference by calling (USA) (800) 230-1092 - or international +1(612)
234-9960from 8:50 a.m. EDT. The call-in lines will be available on a
first-come, first-serve basis.

Investors can also listen to the call live via the Internet by accessing
Ceragon Networks' website at the investors' page:
http://www.ceragon.com/ir_events.asp?lang=0selecting the webcast link, and
following the registration instructions.

If you are unable to join us live, the replay numbers are: Telephone: (USA)
(800) 475-6701, (International) +1(320) 365-3844, Access Code: 277998. A
replay of both the call and the webcast will be available through February 4,
2013.

The Company will release its unaudited financial results for the fourth
quarter and full year 2012 on Thursday, February 14, 2013 during pre-market
hours followed by a conference call.

About Ceragon Networks Ltd.

Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless backhaul specialist.
We provide innovative, flexible and cost-effective wireless backhaul solutions
that enable mobile operators and other wired/wireless service providers to
deliver 2G/3G, 4G/LTE and other broadband services to their subscribers.
Ceragon's high-capacity, solutions use microwave technology to transfer voice
and data traffic while maximizing bandwidth efficiency, to deliver more
capacity over longer distances under any deployment scenario. Based on our
extensive global experience, Ceragon delivers turnkey solutions that support
service provider profitability at every stage of the network lifecycle
enabling faster time to revenue, cost-effective operation and simple migration
to all-IP networks. As the demand for data pushes the need for
ever-increasing capacity, Ceragon is committed to serve the market with
unmatched technology and innovation, ensuring effective solutions for the
evolving needs of the marketplace. Our solutions are deployed by more than 430
service providers in over 130 countries.

Ceragon Networks® is a registered trademark of Ceragon Networks Ltd. in the
United States and other countries. CERAGON® is a trademark of Ceragon Networks
Ltd., registered in various countries.Other names mentioned are owned by their
respective holders.

This press release may contain statements concerning Ceragon's future
prospects that are "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. These statements are based on current
expectations and projections that involve a number of risks and uncertainties.
There can be no assurance that future results will be achieved, and actual
results could differ materially from forecasts and estimates. These are
important factors that could cause actual results to differ materially from
forecasts and estimates. Some of the factors that could significantly impact
the forward-looking statements in this press release include the risk of
significant expenses in connection with potential contingent tax liability
associated with Nera's prior operations or facilities, risks associated with
increased working capital needs, and other risks and uncertainties, which are
discussed in greater detail in Ceragon's Annual Report on Form 20-F and
Ceragon's other filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date on which they are made
and Ceragon undertakes no commitment to revise or update any forward-looking
statement in order to reflect events or circumstances after the date any such
statement is made. Ceragon's public filings are available from the Securities
and Exchange Commission's website athttp://www.sec.govor may be obtained on
Ceragon's website athttp://www.ceragon.com

Company & Investor Contact:
Yoel Knoll
Ceragon Networks Ltd.
Tel: +1-201-853-0228
yoelk@ceragon.com

Media Contact:
Abigail Levy-Gurwitz
Ceragon Networks Ltd.
Tel: +1-201-853-0271
abigaill@ceragon.com

Join the discussion:

LinkedIn: http://www.linkedin.com/company/14470
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Twitter: https://twitter.com/Ceragon
YouTube: http://www.youtube.com/user/CeragonNetworks?feature=mhum

SOURCE Ceragon Networks Ltd
 
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