Cambium Networks Builds Global Defense & Security Momentum

Rhea-AI Summary

Cambium Networks (NASDAQ: CMBM), a global provider of broadband networking solutions, announced significant advancements in its fixed wireless infrastructure, supporting national defense, federal and civilian agencies, public safety, and law enforcement. CEO Morgan Kurk emphasized the increasing importance of secure, reliable communications in defense.

In H2 2023, Cambium secured multiple contracts within the defense and security sectors, collaborating with entities like Aikom Technologies, Northrop Grumman, and Wesco Anixter. The company also introduced new products, notably the PTP 700 Beam Steering Outdoor Unit with an integrated smart antenna at the U.S. Army Annual Conference.

Positive

• Secured multiple contracts in defense and security sectors in H2 2023.
• Collaborations with renowned partners like Northrop Grumman and Wesco Anixter.
• Launched new products, including the PTP 700 Beam Steering Outdoor Unit with smart antenna.
• Strong emphasis on secure and reliable communications, essential for defense.
• Expands market presence in national and international defense sectors.

Negative

• No specific financial figures or revenue growth data provided.
• Lack of detailed information on the financial impact of new contracts.
• Potential over-reliance on a few large partners for defense sector contracts.
• No data on the competitive landscape or market share within the defense sector.

News Market Reaction

+1.41%

1 alert

+1.41% News Effect

On the day this news was published, CMBM gained 1.41%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Global Defense & Security partners deliver mission-critical broadband connectivity solutions that perform in highly demanding environments

HOFFMAN ESTATES, Ill., May 14, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of broadband networking solutions, today announced that its fixed wireless infrastructure solutions continue to evolve and support broadband applications for national defense, federal and civilian agencies, public safety, and national law enforcement. Cambium Networks delivers field-proven wireless connections for military battlefield, border, garrison and infrastructure deployments.

"While secure communication is always essential, the importance of mission-critical defense communications in particular has greatly increased," says Morgan Kurk, CEO of Cambium Networks. "Government agencies need communications that are secure, reliable, and provide necessary bandwidth. The variety of Global Defense & Security contracts recently secured highlights just how many programs depend on Cambium Networks for critical communications."

In the second half of 2023, Cambium Networks GDS was awarded contracts in government, defense and security, including:

• Global Defense: Delivered connectivity solutions for border guard, and armed forces applications through our partners:
  • Aikom Technologies
  • Dene Group
  • Dicker Data
  • HyTEC International
  • MSI
  • Parsons Corporation
  • ProjektIP
  • World Wide Technology
• National Defense: Delivered connectivity solutions for training and simulation facilities, rapid deployment connectivity kits, military bases, and video security infrastructure through our partners:
  • AMA Diversified Construction
  • Fairwinds Technologies
  • Northrop Grumman
  • SAAB Defense and Security
  • Sentry View Systems
• Federal & Civilian Agencies: Delivered video surveillance and communications infrastructure for law enforcement through our partners:
  • ImmixGroup
  • Janteq/GDMS
  • Wesco Anixter

In the second half of 2023, Cambium Networks also launched a series of new products and updates targeted for the Global Defense & Security market, including Cambium Networks' PTP 700 Beam Steering Outdoor Unit with integrated smart antenna, which was launched during the Association of the U.S. Army Annual Conference in Washington, D.C.

About Cambium Networks
Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences and device connectivity with compelling economics. Our ONE Network platform simplifies management of Cambium Networks' wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We deliver connectivity that just works.

Media Contact
Nancy DePalma – Victory Six for Cambium Networks – GDS
+1 (203) 520-9479
nancy@v6advisors.com

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SOURCE Cambium Networks

FAQ

What recent contracts has Cambium Networks (CMBM) secured in the defense and security sectors?

In the second half of 2023, Cambium Networks secured contracts in the defense and security sectors, partnering with entities such as Aikom Technologies, Northrop Grumman, and Wesco Anixter.

What new products did Cambium Networks (CMBM) launch in H2 2023?

Cambium Networks launched the PTP 700 Beam Steering Outdoor Unit with an integrated smart antenna during the Association of the U.S. Army Annual Conference in H2 2023.

How is Cambium Networks (CMBM) supporting national defense?

Cambium Networks provides fixed wireless infrastructure solutions for military battlefield, border, garrison, and infrastructure deployments, ensuring secure and reliable communications.

Who are some of Cambium Networks' (CMBM) partners in the defense sector?

Cambium Networks' partners in the defense sector include Northrop Grumman, SAAB Defense and Security, and Sentry View Systems.

What is the significance of Cambium Networks' (CMBM) new product launches for the defense market?

The new product launches, such as the PTP 700 Beam Steering Outdoor Unit, enhance Cambium Networks' offerings in the defense market, focusing on secure and reliable communication solutions.