ADDvantage Technologies’ Triton Datacom Subsidiary Expands Product Line to Meet Growing Demand

Rhea-AI Summary

ADDvantage Technologies Group (NASDAQ: AEY) has announced an expansion of its Triton Datacom subsidiary's product line to meet increasing demand from businesses. The new offerings include refurbished Telepresence and Video Conferencing solutions from Cisco and Polycom, as well as Meraki switches and wireless equipment. This strategy aims to attract new customers and provide cost-effective telecom solutions, particularly amid rising costs and supply chain challenges.

Positive

• Expansion of product line increases offerings for small, medium, and large enterprises.
• New partnerships with top brands like Cisco, Polycom, and Meraki enhance value proposition.
• Focus on refurbished options presents an affordable solution for businesses.

Negative

• Increased competition in the telecom solutions market may impact market share.

Broadens Selection of Telepresence and Video Conferencing Solutions and Switches from Top Brands to Better Enable End-to-End Telecom Solutions for Small, Medium and Large Enterprises

CARROLLTON, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today announced that its Triton Datacom subsidiary, a leading provider of refurbished Voice Over IP and IP telephony industry, central office switching and transmission equipment, has significantly expanded its product line to meet growing demand.

During the first half of 2022, Triton sourced and is now offering:

• Cisco and Polycom Telepresence and Video Conferencing solutions
• Meraki Switches and Wireless equipment
• Aruba and Juniper switches
  

“These new product lines allow Triton to offer complete end-to-end solutions to existing small, medium, and large enterprise customers as well as attract new customers who have historically looked elsewhere for these product lines,” commented Damon Slachter, President of Triton Datacom. “Increasingly, businesses are seeking greater value from their telecom expenditures, particularly due to inflation and supply chain issues. High-quality refurbished options are an affordable way to add state-of-the-art telephony and telepresence solutions to an organization of any size. Additionally, we provide a cost-effective way to establish professional telecom solutions for home offices to support the trend toward a remote workforce.”

Visit https://www.tritondatacomonline.com/ for more information.

About ADDvantage Technologies Group, Inc.

ADDvantage Technologies Group, Inc. (Nasdaq: AEY) is a communications infrastructure services and equipment provider operating a diversified group of companies through its Wireless Infrastructure Services and Telecommunications segments. Through its Wireless segment, Fulton Technologies provides turn-key wireless infrastructure services including the installation, modification and upgrading of equipment on communication towers and small cell sites for wireless carriers, national integrators, tower owners and major equipment manufacturers. Through its Telecommunications segment, Nave Communications and Triton Datacom sell equipment and hardware used to acquire, distribute, and protect the communications signals carried on fiber optic, coaxial cable and wireless distribution systems. The Telecommunications segment also offers repair services focused on telecommunication equipment and recycling surplus and related obsolete telecommunications equipment.

ADDvantage operates through its subsidiaries, Fulton Technologies, Nave Communications, and Triton Datacom. For more information, please visit the corporate web site at www.addvantagetechnologies.com.

Cautions Regarding Forward-Looking Statements

The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company’s reports and documents filed from time to time with the Securities and Exchange Commission.

For further information:
Hayden IR
Brett Maas
(646) 536-7331
aey@haydenir.com 

FAQ

What new products did ADDvantage Technologies (AEY) introduce in September 2022?

ADDvantage Technologies announced the expansion of Triton Datacom's product line to include refurbished Telepresence and Video Conferencing solutions from Cisco and Polycom, as well as Meraki switches and wireless equipment.

Why is ADDvantage Technologies expanding its product line?

The expansion aims to meet the growing demand from enterprises seeking affordable telecom solutions due to inflation and supply chain issues.

How does the new product line benefit customers?

The new product line offers complete end-to-end telecom solutions, providing high-quality refurbished options that are cost-effective for businesses of all sizes.

How might the expansion impact ADDvantage Technologies' stock (AEY)?

While expanding product offerings can attract new customers and boost revenue, increased competition in the telecom market may pose challenges for maintaining market share.