InCoax secures orders of 545 kUSD (5.4 MSEK) from US-Based FiberLAN operator
InCoax has secured additional orders with a combined value of 545 kUSD (5.4 MSEK) for system products, software maintenance, operational, and platform support for installed InCoax systems from the US-based FiberLAN operator. Orders for system products in 2024 now amount to 28.7 million SEK, with the majority scheduled for invoicing in the first quarter of 2024. Revenues from software maintenance, operational, and platform support total 1.7 million SEK and will be recognized over a three-year period starting in January 2024. The aggregated order value for deliveries to the operator in 2024 now exceeds 3 million USD (previously 2.5 million USD), equating to over 30 MSEK.
The operator is augmenting the earlier 2024 orders in line with its continued expansion plans utilizing InCoax's solution. This has resulted in additional orders aimed at ensuring the availability of products and services throughout 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 11.00 CET on January 12, 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.
