RF Industries Receives $535K Order from Large Neutral Host Customer for Small Cell Installation Kits

Rhea-AI Summary

RF Industries announced a significant $535,000 order for small cell installation kits from a large neutral host customer, aimed at supporting a tier-1 wireless carrier. This order builds on previous small cell shroud orders and positions the company well within the expanding small cell infrastructure market, driven by growing demand for enhanced network coverage and capacity. RF Industries emphasizes that these kits exemplify their capabilities across multiple product areas, indicating a strong collaboration in the ongoing 5G buildout.

Positive

• Received a $535,000 order for small cell installation kits, indicating strong demand.
• Order supports a tier-1 wireless carrier, enhancing market credibility.
• Expanding small cell infrastructure presents significant growth opportunities.

Negative

• None.

SAN DIEGO, CA / ACCESSWIRE / March 23, 2021 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced it has received a $535,000 order from a large neutral host customer at the company's Schroff Technologies division. This order for small cell installation kits complements multiple small cell shroud orders previously received from this customer. This solution will be utilized in small cell infrastructure deployments for a tier-1 wireless carrier. RF Industries anticipates that small cells will be widely deployed by mobile operators over the next several years to extend their service coverage and increase network capacity.

"We are excited to receive another order from this customer in the tier-1 wireless carrier ecosystem," said Robert Dawson, President and CEO of RF Industries. "Orders like this continue to highlight how our growing solution set supports the wireless carrier ecosystem in their 5G buildout and the related network densification. These kits include components that span across multiple product areas within our organization and offering, demonstrating our overall capabilities, flexibility and collaboration. We believe that the pending small cell infrastructure build provides us with a significant growth opportunity, and we continue to invest in our related product and solution portfolio."

These installation kits from RF Industries are used by carriers, neutral hosts, tower companies, and integrators to streamline and ease the process of small cell installations. Components of the kits include items from multiple RF Industries product areas including, RF coaxial cable assemblies, fiber optic cable assemblies, and an integrated power service delivery unit.

About RF Industries

RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets including wireless/wireline telecom, data communications and industrial. The Company's products include RF connectors, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. The Company is headquartered in San Diego, California with additional operations in Long Island, New York, Vista, California, Milford, Connecticut and North Kingstown, Rhode Island. Please visit the RF Industries website at www.rfindustries.com.

Forward-Looking Statements

This press release contains forward-looking statements with respect to future events, including the return of delayed project-based business and the Company's long-term growth, which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: the duration and continuing impact of the coronavirus pandemic on the U.S. economy and the Company's customers; changes in the telecommunications industry; the Company's reliance on certain distributors and customers for a significant portion of anticipated revenues; the impact of existing and additional future tariffs imposed by U.S and foreign nations; the Company's ability to execute on its new go-to-market strategies and channel models; its ability to expand its OEM relationships; its ability to continue to deliver newly designed and custom fiber optic and cabling products to principal customers; its ability to maintain strong margins and diversify its customer base; and its ability to address the changing needs of the market. Further discussion of these and other potential risk factors may be found in the Company's public filings with the Securities and Exchange Commission (www.sec.gov) including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. All forward-looking statements are based upon information available to the Company on the date they are published, and the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.

Contact:

MKR Investor Relations Inc.
Todd Kehrli
Analyst/Investor Contact
(213) 277-5550
rfil@mkr-group.com

SOURCE: RF Industries, Ltd.

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