Aviat Commits to Canada with 5G R&D Center of Excellence

Rhea-AI Summary

Aviat Networks has completed its acquisition of Redline Communications as of July 5, 2022, enhancing its capabilities in wireless transport solutions. This acquisition enables Aviat to provide an integrated offering for private network operators and establishes a new 5G R&D Center of Excellence in Canada. The merger aims to strengthen Aviat's market position in mission-critical networks while committing to maintaining existing engineering jobs and research expenditures in Canada. CEO Peter Smith expressed enthusiasm about the expanded talent for developing advanced 5G-based wireless solutions.

Positive

• Acquisition of Redline enhances Aviat's market leadership in private networks.
• Establishment of a new 5G R&D Center of Excellence in Canada.
• Commitment to maintaining engineering jobs and R&D expenditure in Canada.

Negative

• None.

Aviat's acquisition delivers complete offering for Private Network Operators and new 5G R&D Center of Excellence in Canada

AUSTIN, Texas and TORONTO, July 6, 2022 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW) ("Aviat"), the leading expert in wireless transport solutions, announced the completion of the acquisition of Redline Communications Group Inc. ("Redline"), a leading provider in mission-critical data infrastructure, on July 5, 2022. The acquisition enables Aviat to offer its customers an integrated end-to-end offering for wireless access and transport and expands Aviat's research and development ("R&D") team with a new center of excellence for 5G development in Canada.

With the acquisition, Aviat is not only expanding its market leadership in mission-critical and industrial private networks but is also expanding its presence in Canada. Aviat is committed to maintaining the current engineering jobs in Canada as well as the corresponding R&D spend in the country. The former Redline, and now Aviat employees, will continue to develop mission-critical, 5G and industrial private networks products.

"We are excited to have the talented engineers from Redline join our R&D team," said Peter Smith, CEO of Aviat Networks. "This expansion of our talent will allow us to deliver highly differentiated, 5G-based wireless access solutions for the industrial private networks segment."

Additional information on the acquisition of Redline can be found on Aviat's investor relations website at https://investors.aviatnetworks.com.

About Aviat Networks                  

Aviat Networks, Inc. is the leading expert in wireless transport solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat Networks is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Twitter, Facebook and LinkedIn.

Media Contact: Stuart Little, Aviat Networks, stuart.little@aviatnet.com

Investor Relations Contact: Andrew Fredrickson, Aviat Networks, andrew.fredrickson@aviatnet.com

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SOURCE Aviat Networks, Inc.

FAQ

What is the significance of Aviat Networks' acquisition of Redline Communications?

The acquisition enhances Aviat's capabilities in wireless transport solutions and expands its market leadership in private networks.

When was the acquisition of Redline by Aviat Networks completed?

The acquisition was completed on July 5, 2022.

Where is Aviat's new 5G R&D Center of Excellence located?

The new 5G R&D Center of Excellence is located in Canada.

What commitments has Aviat Networks made regarding jobs in Canada post-acquisition?

Aviat has committed to maintaining current engineering jobs and corresponding R&D spend in Canada.

How will the acquisition impact Aviat Networks' product offerings?

The acquisition allows Aviat to deliver integrated end-to-end wireless access and transport solutions.