MEPSO Selects Ribbon and Infosoft Systems to Modernize its Critical Infrastructure

Rhea-AI Summary

Ribbon Communications (Nasdaq: RBBN) has been awarded a network modernization project by MEPSO, the electricity transmission operator in Macedonia, in partnership with Infosoft Systems. This project aims to enhance the network's automation and intelligence, reducing emissions while improving safety and offering new services. By utilizing Ribbon's Neptune, Apollo, and Lightsoft solutions, MEPSO is set to modernize its operations, positioning itself as a leader in the Balkans. This collaboration underscores Ribbon's commitment to delivering advanced technology for critical infrastructures.

Positive

• Awarded a significant network modernization project by MEPSO.
• Collaboration with Infosoft Systems enhances local partnerships.
• Utilization of advanced solutions like Neptune, Apollo, and Lightsoft to improve operational efficiency.

Negative

• None.

Upgraded network provides the real-time data and controls to reduce emissions, improve safety and offer new services

PLANO, Texas, Oct. 13, 2022 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP Optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has been awarded MEPSO's network modernization project in conjunction with local partner Infosoft Systems.

According to MEPSO: "Our primary mission is to provide a reliable source of electricity to both large industrial customers and to the low voltage grids serving end-users throughout Macedonia, but reducing emissions in order to protect the environment is also a critical operational mandate. This requires a network with high levels of automation and intelligence to deliver the necessary information and controls. Working with Ribbon and Infosoft affords us the ability to reduce emissions, offer new services and improve maintenance, safety and security."

The project leverages Ribbon's Neptune, Apollo and Lightsoft solutions portfolio and expertise to deliver MEPSO with the state-of-the-art IP routing, packet transport, optical networking and end-to-end network management they require to modernize their network.

"With this undertaking, MEPSO is taking a leading position in the Balkans as a provider with the ability to understand and manage its network for enhanced productivity and efficiencies," said Amos Cohen, Head of Sales Central East Europe & Global Accounts Business Unit, Ribbon. "We're delighted to support them as they take this important step forward and continue to offer their customers a state-of-the-art experience."

About Ribbon

Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. We maintain a keen focus on our commitments to Environmental, Social and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit rbbn.com.

Important Information Regarding Forward-Looking Statements

The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication's products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Investor Contact
+1 (978) 614-8050
ir@rbbn.com  

Media Contact
Catherine Berthier
+1 (646) 741-1974
cberthier@rbbn.com 

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SOURCE Ribbon Communications Inc.

FAQ

What recent project did Ribbon Communications secure in October 2022?

Ribbon Communications secured a network modernization project with MEPSO in October 2022.

Which companies are involved in the MEPSO network modernization project?

The MEPSO network modernization project involves Ribbon Communications and Infosoft Systems.

What are the benefits of the MEPSO project awarded to Ribbon Communications?

The MEPSO project aims to reduce emissions, improve safety, and offer new services through enhanced network automation.

How will Ribbon's solutions impact MEPSO's operations?

Ribbon's solutions will provide state-of-the-art IP routing and network management, modernizing MEPSO's infrastructure.