UTStarcom Wins Disaggregated Platform Design Services RFP from China Telecom Research Institute

Rhea-AI Summary

UTStarcom (NASDAQ:UTSI) announced its selection as the exclusive winner of the RFP for the design service of new line card hardware for China Telecom Research Institute's A3 White-box Router Platform. This project is a significant milestone in their collaboration, aimed at optimizing 5G transport networks. The project expands capabilities by introducing three new line cards, including one with 100GE and others with 50GE and 10GE ports. CEO Li Hua highlighted confidence in UTStarcom’s design capabilities and anticipates future volume orders for these products.

Positive

• Secured an exclusive project with China Telecom Research Institute, enhancing collaboration.
• Development of three new line cards for the white-box router platform indicates growth potential.
• CEO expresses confidence in future volume orders, signaling optimistic revenue prospects.

Negative

• None.

HANGZHOU, China, June 30, 2022 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that it was selected as the exclusive winner of the RFP “The Procurement of New Line Card Hardware Design Service for STN A3 White-box Router Platform” from the Guangdong Research Institute of China Telecom Co., Ltd. (“China Telecom Research Institute”). China Telecom Research Institute is an innovative professional technology research institution of China Telecom, one of the major telecom network operators in China.

This project is a natural milestone in the ongoing collaboration between the companies to develop a “white-box” disaggregated router platform optimized for use in 5G transport networks. The initial scope of the project announced in 2020 included: 1) development of a chassis-based modular redundant disaggregated hardware platform based on the Intel x86 CPU and Broadcom DNX-series switch chip; 2) implementation of hardware drivers and APIs; and 3) integration of ONIE (Open Network Install Environment) and certain UTStarcom software modules for advanced features such as PTP (Precision Time Protocol), SyncE (Synchronous Ethernet) and chassis redundancy into the customer’s NOS (Network Operating System).

The scope of the current project intends to expand capabilities of the platform, including design of 3 new line cards for use with the white-box router platform jointly developed earlier:

• 1x100GE port line card
• 2x50GE ports line card
• 8x10GE ports line card
  

Mr. Li Hua, UTStarcom’s Chief Executive Officer, commented, “Winning this new project as part of our collaboration with China Telecom demonstrates their confidence in our ability to design and deliver a carrier-grade disaggregated modular hardware platform capable of meeting the strict and challenging requirements of their 5G transport network. As our collaboration deepens and they prepare to introduce this next-generation router platform on their 5G network, we expect to receive volume orders for white-box router products, including these new line cards, in the years ahead.”

About UTStarcom Holdings Corp.

UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan and India. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.

About China Telecom Research Institute

Guangdong Research Institute of China Telecom Co., Ltd (“China Telecom Research Institute”) is a professional innovative technology research institution of China Telecom Group. China Telecom Research Institute mainly serves the internal needs of the company group and aims to meet the needs of China Telecom's strategic planning, core technology research, management decision-making as well as production and operation support. It is mainly engaged in studying of cutting-edge technologies and related applications, development strategy research, network technology research, market and management strategy research, and carries out research and development of external cooperation projects. The Institute has gradually developed into a comprehensive base for China Telecom’s core technology research, product development, experimental testing, as well as a training center for hi-tech talents.

For investor and media inquiries, please contact:

UTStarcom Holdings Corp.
Tel: +86 571 8192 8888
Ms. Shelley Jiang, Investor Relations
Email: utsi-ir@utstar.com /  shelleyjiang@utstar.com 

The Blueshirt Group
Mr. Gary Dvorchak
Email: gary@blueshirtgroup.com

FAQ

What recent project did UTStarcom win?

UTStarcom won an exclusive project for the design service of new line card hardware for the A3 White-box Router Platform from China Telecom Research Institute.

What new products is UTStarcom developing?

UTStarcom is developing three new line cards for the white-box router platform, including a 100GE port line card, 50GE ports line card, and 10GE ports line card.

How does this project impact UTSI's future?

The project is expected to lead to future volume orders for white-box router products, indicating potential revenue growth.

When was UTStarcom selected for this project?

UTStarcom was selected on June 30, 2022, as the exclusive winner of the RFP.

What is the significance of this project for UTStarcom?

The project represents a milestone in UTStarcom's collaboration with China Telecom, optimizing their 5G transport network capabilities.