ADTRAN Holdings, Inc. - ADTN STOCK NEWS

Adtran is playing a pivotal role in the EU-funded SoFiN project, which aims to develop flexible fiber-based sensing applications for critical infrastructure. The four-year initiative involves eight partners across Europe, and focuses on enhancing monitoring in fiber-optic and power distribution networks while mitigating water supply leakage. Adtran will leverage its fiber assurance technology to create cost-effective, energy-efficient multi-sensing systems. The project is expected to transform infrastructure supervision, providing significant benefits to sectors such as telecommunications and power grids.

Adtran has announced a partnership with Partner Communications, Israel's second-largest mobile operator, to deploy its open, disaggregated 10G fiber access platform. This platform aims to rapidly deliver multigigabit broadband services, enhancing Partner Communications' competitiveness in a growing market. By simplifying operations and allowing simultaneous provisioning of GPON and XGS-PON services, Adtran's solution will help attract new subscribers and efficiently connect them. The technology supports scalability while reducing operational costs, thus positioning Partner Communications to better meet high market demand for multigigabit services.

ADTRAN Holdings announced the retirement of CFO Mike Foliano, effective June 28, 2023, after 39 years in the telecommunications industry. Uli Dopfer has been appointed as the new CFO, effective May 1, 2023. Foliano's leadership significantly contributed to the company's success, and he is praised for his expertise. Dopfer, with 20 years of industry experience, previously served as CFO of ADVA Optical Networking and is well integrated into ADTRAN's operations. The transition is expected to be seamless, maintaining the company’s level of service. ADTRAN is committed to continuing its growth under the new CFO's leadership.

Adtran announced that Truespeed is utilizing its XGS-PON technology to expand high-speed full-fiber broadband service across South West England. The network aims to deliver speeds of up to 900Mbit/s for residential customers and 10Gbit/s for businesses, facilitating rapid connectivity with reduced equipment requirements. Truespeed has already reached 60,000 properties, with a goal of connecting 500,000 by 2025. This collaboration emphasizes sustainability and efficiency, leveraging Adtran's technology to meet increasing data demand while minimizing environmental impact.

Adtran, a leader in networking solutions, has formed a strategic partnership with Satelles to integrate Satellite Time and Location (STL) technology into its Oscilloquartz synchronization products. This collaboration aims to enhance the reliability and security of critical infrastructure timing networks by providing an alternative to traditional GNSS systems. STL utilizes encrypted signals from low Earth orbit satellites, making it resistant to disruptions and cyberattacks. The technology is especially beneficial in indoor environments, enhancing the overall robustness of PNT services for sectors such as mobile operations and power utilities.

Adtran, a leader in open networking solutions, showcased its latest coherent innovations at OFC. The demonstration featured the Adtran FSP 3000 OLS with high-resolution flexgrid technology, enabling optimized optical spectrum services. Key highlights included the FSP 3000 TeraFlex for 800G transport and the inaugural display of the QSFP28 pluggable Coherent 100ZR, providing 100G edge connectivity. The innovations aim to enhance network flexibility and tackle increasing data demand, offering a route to revenue growth. Collaborating with industry leaders, Adtran’s solutions promise to redefine how operators utilize fiber resources.

Adtran has successfully demonstrated its Coherent 100ZR technology at OFC, marking the first live display of a 100ZR QSFP28 pluggable operating over a metro ring network. This technology enables cost-effective scaling of edge aggregation networks to 100G, minimizing infrastructure changes. Co-developed with Coherent Corp., the 100ZR leverages a unique DSP to comply with the 5-watt QSFP28 specification. The deployment options include local exchanges and outdoor conditions, enhancing service reliability and reducing carbon footprints.

Adtran (NASDAQ: ADTN) has achieved a groundbreaking milestone with its latest field trial, successfully completing 800Gbit/s single-carrier transport over a distance of 2,220km within the NYSERNet network. This trial, which involved 14 route-and-select flexgrid ROADMs, utilized advanced 140GBd digital signal processing technology from Acacia. By maintaining existing amplifier settings, Adtran demonstrated potential significant reductions in operational costs and complexity while increasing network capacity. The trial showcased the feasibility of long-distance transmission using single-carrier optics, which can benefit various network operators.

ADTRAN Holdings, Inc. announced preliminary financial results for Q4 2022, reporting revenues of $358.3 million and a net income of $35.0 million including non-controlling interests. The diluted earnings per share (EPS) attributable to the Company was $0.49. Despite revenue being on the lower side of guidance, growth in optical networking solutions and improved supply conditions contributed positively to gross margins. The Company plans to pay a quarterly cash dividend of $0.09 per share to stockholders of record as of March 7, 2023.

Final results will be disclosed on March 1, 2023.