Ceragon Opens New Competence Center in Bergen, Norway Dedicated to Oil and Gas
Center will enable oil and gas resources team to broaden market presence in
the North Sea and beyond to global onshore/offshore installations
PARAMUS, New Jersey, May 14, 2014
PARAMUS, New Jersey, May 14, 2014 /PRNewswire/ --
Ceragon Networks Ltd., (NASDAQ: CRNT), the #1 wireless hauling specialist,
today opened its new competence center in Bergen, Norway, which will be
committed to boosting the company's operations serving the Oil and Gas market.
The center will spearhead Ceragon's research, sales, support and strategic
efforts to the market, as the company continues to expand its onshore and
offshore capabilities and offering worldwide.
Ceragon's wireless hauling solutions and turnkey project capabilities allow
drilling and exploration companies to build and maintain high-speed
communication links between control centers and offshore rigs and vessels,
making integrated operations an affordable reality. For oil and gas firms,
this means continued connectivity between onshore and offshore locations with
much higher capacity and lower latency than satellite solutions and a far
lower deployment cost than fiber cables.
Ceragon solutions for the Oil and Gas market include its range of high-power
Evolution long-haul systems as well as the PointLink, a unique microwave
antenna designed specifically for moving platforms, drilling rigs and floating
production, storage, and offload ships (FPSOs). PointLink employs
gyro-stabilized antennas which keep constant track and perfect alignment with
their counterparts on offshore vessels and on land-based facilities.
"We are extremely proud to open the competence center in Bergen, and have high
expectations from this outstanding and professional team," said Ira Palti,
Ceragon Network's President and CEO. "We have a unique product offering for
the market, of marine-grade microwave, while our Oil and Gas team brings a
vast experience gained over decades of serving some of the largest players in
the Oil and Gas market. We are confident that through the new center of
competence we will bring more value to our existing customers and continue
expanding our business around the world."
"By establishing the new competence center for Oil and Gas in Norway, Ceragon
reaffirms its commitment to this important market," said Arild Fotland, head
of Ceragon's Oil and Gas division. "With Oil and Gas exploration expanding
into deeper waters and with environmental and safety regulations heightening,
onshore/offshore communications are more important and challenging than ever.
The team in Bergen will continue to serve Ceragon's large customer base in the
North Sea, while increasing our footprint in other regions."
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless hauling specialist. We
provide innovative, flexible and cost-effective wireless backhaul and
fronthaul 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® and FibeAir® are registered trademarks 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.
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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 forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ materially,
including risks associated with increased working capital needs, the risk that
sales of Ceragon's new IP-20 products will not meet expectations, risks
associated with doing business in Latin America, including currency export
controls and recent economic concerns, the risks relating to the concentration
of our business in developing nations, the risk of significant expenses in
connection with potential contingent tax liability associated with Nera's
prior operations or facilities, and other risks and uncertainties detailed
from time to time in Ceragon's Annual Report on Form 20-F and Ceragon's other
filings with the Securities and Exchange Commission, and represent our views
only as of the date they are made and should not be relied upon as
representing our views as of any subsequent date. We do not assume any
obligation to update any forward-looking statements.
Tel: +1-(404)-266-2060 x507
SOURCE Ceragon Networks Ltd
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