InCoax receives orders totaling 2 million USD (current value approximately 21 million SEK) from the US-based FiberLAN operator
InCoax has received new orders with a combined value of 2 million USD (current value approximately 21 million SEK) for system products as well as software maintenance, operation- and platform support for installed InCoax systems from the US-based FiberLAN operator. The orders for system products will be delivered and invoiced during Q2 and Q3 2024. Revenues from software maintenance, operation- and platform support will be recognized over three years, starting in Q2 2024. The total order value for deliveries to the operator in 2024 now amounts to 5 million USD (previously 3 million USD), which currently corresponds to 52.5 million SEK.
The operator supplements previous orders for 2024 concerning the ongoing expansion the operator is planning with InCoax´s solution. This has resulted in additional orders to ensure the availability of products and services for 2024.
Learn more about InCoax and its MultiGigabit solutions here.
This information is such information as InCoax Networks AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 08.30 CET on February 5, 2024.
For additional information, please contact:
Jörgen Ekengren, CEO, InCoax Networks AB
[email protected]
+46 73 899 55 52
About InCoax Networks AB
InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access (FWA) extension deployments for Communication Service Providers (CSP) globally. The technology is a high performance, future proof, reliable and cost-effective complement, that reduces installation time and improves take-up rate, to boost digital inclusion and Internet access for all.
To keep updated on corporate information, visit incoax.com. Vator Securities AB, tel. +46 8-5800 6599, [email protected], is acting as the company’s Certified Adviser.
