Ubiquiti Networks, Inc. develops high performance networking technology for service providers and enterprises. The company’s technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The company’s technology platforms for enterprises enable wireless local area network (WLAN) infrastructure, video surveillance products, and machine-to-machine communications. Technology and Products The company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets. Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge—airMAX The company offers end-to-end solutions that incorporate its proprietary radio frequency (RF) technology, antenna design and firmware technologies. These technologies simplify the adoption and use of its products and provide its products and solutions with performance characteristics usually found only in the carrier-class wireless networking solutions and solve significant performance, reliability, scalability and challenges in the unlicensed RF spectrum. The company’s airMAX platform which includes proprietary protocols developed by the company, which contain advanced technologies for minimizing signal noise. These proprietary protocols help its products deliver carrier-class wireless networking performance for video, voice and data applications. Network Routing Platform—EdgeMAX In 2012, the company announced EdgeMAX, a disruptive price-performance software and systems routing platform. Its initial product, the EdgeRouter Lite, is a router capable of over 1 million packets-per-second processing performance. Point-to-point Wireless Backhaul—airFiber In March 2012, the company introduced airFiber, a 24 GHz point-to-point radio system. The company’s airFiber product uses an integrated split antenna and a global positioning system to simultaneously send data packets from each side of the link. The company engineered proprietary communication protocols so that airFiber does not suffer from the traditional packet overhead associated with Wi-Fi based standards. The company’s major enterprise solutions include the following: Enterprise WLAN—UniFi In 2011, the company released its UniFi Enterprise Wi-Fi System, which is a scalable Wi-Fi solution that includes Wi-Fi certified hardware with a software based management controller, targeting enterprise customers. Video Surveillance—UniFi Video In 2011, the company introduced a line of UniFi Video H.264 megapixel IP cameras and UniFi Video management software controller. Machine-To-Machine Communication—mFi In 2012, the company announced availability of mFi, which includes hardware sensors, power devices, and management software that allows devices to be monitored and controlled remotely via WiFi. Research and Development The company’s research and development expenses included $34.0 million for fiscal 2014. Sales and Distribution The company sells products and solutions to service providers and enterprises primarily through a network of distributors, and original equipment manufacturers (OEMs) and direct customers. Customers During fiscal 2014, the company sold products to approximately 100 distributors, OEMs and direct customers in approximately 60 countries. In fiscal 2014, Flytec Computers Inc. represented 13% of the company’s revenues. Strategy Main elements of the company’s strategy include the following: continue to deliver high performance characteristics at disruptive price points; utilize technologies and business model in adjacent markets; maintain and extend technological leadership; continue to grow powerful user community; and continue to sell to existing customers. Intellectual Property As of June 30, 2014, the company had 14 issued patents in the United States, 6 issued patents in foreign countries and approximately 80 pending U.S. and foreign patent applications. As of June 30, 2014, the company owned U.S. trademark registrations in Ubiquiti, Ubiquiti Networks, the beam logo, UBNT, airMAX, airOS, airFiber, airGrid, UniFi, mFi, EdgeMAX, NanoBeam, NanoStation, NanoBridge, and other trademark applications and registrations in the United States and other countries. Competition In the integrated radio market, the company’s competitors include Cambium Networks, TP-Link and Mikrotîkls. In the embedded radio market, its competitors include Mikrotîkls and Senao Networks. In the backhaul market, the company’s competitors include Cambium Networks, Ceragon Networks, DragonWave and Mikrotîkls. In the CPE market, the company’s competitors include Cambium Networks, Mikrotîkls, Ruckus Wireless and TP-LINK Technologies. In the antenna market, the company primarily competes with PCTEL, ARC, ITELITE and Radio Waves. In the enterprise WLAN market, the company primarily competes with Aerohive Networks, Aruba Networks, Ruckus Wireless and Cisco. In the video surveillance market, the company primarily competes with Axis Communications, Mobotix and Vivotek. In the microwave backhaul market, the company primarily competes with Cambium Networks, DragonWave, SAF Tehnika and Trango. In the machine-to-machine communications market, the company primarily competes with AlertMe.com, EnergyHub and Motorola. History Ubiquiti Networks, Inc. was incorporated in 2003 in the state of California. The company was formerly known as Pera Networks, Inc. and changed its name to Ubiquiti Networks, Inc. in 2005.
ubiquiti networks inc (UBNT:NASDAQ GS)
2580 Orchard Parkway
San Jose, CA 95134
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