Ciena Invests in U.S. Manufacturing with Flex to Support BEAD-funded Projects, Strengthen Domestic Supply Chain and Add High-Tech Jobs
29 Novembro 2023 - 11:00AM
Business Wire
Ciena® (NYSE: CIEN), a U.S.-based networking systems, services
and software company, is adding domestic manufacturing through an
expanded agreement with global diversified manufacturer Flex
(NASDAQ: FLEX). Ciena is expected to begin production of the
industry’s first pluggable optical line terminals (OLTs) as well as
its optical network units (ONU) at a Flex factory in the U.S. in
mid-2024.
Advancing its commitment to roll out high-speed broadband to
unserved and underserved communities, Ciena’s investments will
support the U.S. government’s Broadband Equity Adoption and
Deployment (BEAD) projects, create new jobs and help broadband
service providers comply with the Build America, Buy America (BABA)
requirements.
Under the terms of the agreement, Flex will provide advanced
manufacturing capabilities, including specialized optical
transceiver assembly, and supply chain services, enabling Ciena to
quickly ramp high-volume production of its innovative pluggable
OLTs and ONUs at scale. This U.S. expansion builds on a 20-year
global relationship. As a result of its partnership with Flex,
Ciena is positioned to enable U.S. network providers with greater
ability to leverage the BEAD program to expand their local
footprint and business opportunities.
Key Facts:
- Ciena has developed a unique and disruptive pluggable OLT
technology that is designed and now, through its partnership with
Flex, will be manufactured in America. A key enabling technology in
next generation broadband deployments, Ciena’s pluggable OLTs are
part of a comprehensive broadband portfolio that includes access
infrastructure, middle mile networks, and essential software and
services.
- Adding to its existing portfolio of innovations that reduce the
environmental impact of communication networks, Ciena’s pluggable
OLTs greatly increase network sustainability and efficiency by
connecting more homes at higher speeds per unit of power and space
than competing solutions. Additionally, Ciena’s host routing
platforms are already 25G ready, future-proofing service provider
network investment without the need for hardware replacement,
further maximizing the solutions’ sustainable footprint.
- Ciena will also develop its next-generation 25GS-PON pluggable
OLTs and ONUs in the U.S., providing a seamless evolution path for
service providers to build open, modular, and scalable broadband
networks.
Executive Comments:
- “As stewards of the digital networks that underpin our lives,
we are excited to announce the first U.S.-based manufacture of our
unique pluggable optical line terminal (OLT) solution. We take
immense pride in advancing American innovation and strengthening
domestic supply chains. We look forward to continuing to work
closely with the NTIA and Department of Commerce to advance its
mission to connect the unconnected and create greater opportunities
for all communities.” - Gary Smith, President and CEO, Ciena
- “Our expanded manufacturing agreement with Ciena is a testament
to our mutual commitment to provide high-quality, reliable
technologies that accelerate the ability to address America’s
next-generation broadband deployment needs. We appreciate the trust
Ciena has placed in Flex through our 20-year partnership and look
forward to quickly ramping in-region advanced manufacturing with
sustainable practices.” - Rob Campbell, President of
Communications, Enterprise and Cloud, Flex
- “We applaud Ciena’s shift towards U.S. manufacturing for their
advanced optical technology and silicon solutions to further enable
BEAD with BABA products. Coupled with Harmonic’s market-leading
virtual cOS™ core and Ripple outdoor nodes, Ciena’s OLT pluggables
are poised to enable 10G FTTx to millions of American homes from
the more than 100K Harmonic nodes deployed in the U.S.” - Dan
Gledhill, Senior Vice President, Broadband Business Operations,
Harmonic
- “At a time when connectivity is the lifeline for education,
healthcare, and public safety, Zayo is taking decisive steps to
close the digital divide and bring robust connectivity to
underserved communities. We commend Ciena’s plans to expand local
manufacturing and their continued work to accelerate the roll-out
of high-speed connectivity for unserved and underserved populations
across America." - Joel Daly, Senior Vice President of Government
Affairs and Product Strategy, Zayo
- “We are dedicated to making high-speed fiber connectivity
available across the state of Maryland, closing the digital divide
to deliver equal opportunities for all. Part of achieving this goal
is to use best-in-class technology, something that Ciena has proven
to deliver at the highest levels across the globe. We commend Ciena
for their investment in the development of U.S. products which meet
the Buy America guidelines required for BEAD funding. This will
support our efforts to address the lack of broadband connectivity
in under-connected areas.” - Drew Van Dopp, President and CEO,
Maryland Broadband
Additional Resources:
- For more resources about Ciena’s efforts to support BEAD-funded
projects and to learn more about the procurement, architecture,
construction, and monetization approach to a successful broadband
network deployment, visit Ciena’s Broadband Insights hub.
- Ciena has a long history in technology innovation and
delivering world-first technology breakthroughs is part of the
company’s DNA. From the industry’s first metro DWDM, to first
coherent 40G, 100G, 200G, 400G, 800G and, more recently 1.6 Tb/s,
Ciena is known for its leadership in optical technology.
- Ciena’s technology supports 85% of the world’s largest service
providers as well as cloud and regional service providers,
enterprise networks, financial services, healthcare, utilities,
media and entertainment, and more.
- Ciena’s Digital Inclusion program includes a $10 million five
year investment to unlock opportunities for underserved students
through enhanced access, enabling technologies, and digital
learning. Ciena collaborates with non-profit and charitable
organizations in the U.S. and globally to advance this
mission.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of
choice that helps a diverse customer base design and build products
that improve the world. Through the collective strength of a global
workforce across 30 countries and responsible, sustainable
operations, Flex delivers technology innovation, supply chain, and
manufacturing solutions to diverse industries and end markets.
About Ciena
Ciena (NYSE: CIEN) is a global leader in networking systems,
services, and software. We build the most adaptive networks in the
industry, enabling customers to anticipate and meet ever-increasing
digital demands. For three-plus decades, Ciena has brought our
humanity to our relentless pursuit of innovation. Prioritizing
collaborative relationships with our customers, partners, and
communities, we create flexible, open, and sustainable networks
that better serve all users—today and into the future. For updates
on Ciena, follow us on LinkedIn, Twitter, the Ciena Insights blog,
or visit www.ciena.com.
Note to Ciena Investors
You are encouraged to review the Investors section of our
website, where we routinely post press releases, SEC filings,
recent news, financial results, and other announcements. From time
to time we exclusively post material information to this website
along with other disclosure channels that we use. This press
release contains certain forward-looking statements that are based
on our current expectations, forecasts, information, and
assumptions. These statements involve inherent risks and
uncertainties. Actual results or outcomes may differ materially
from those stated or implied, because of risks and uncertainties,
including those detailed in our most recent annual and quarterly
reports filed with the SEC. Forward-looking statements include
statements regarding our expectations, beliefs, intentions or
strategies and can be identified by words such as "anticipate,"
"believe," "could," "estimate," "expect," "intend," "may,"
"should," "will," and "would" or similar words. Ciena assumes no
obligation to update the information included in this press
release, whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231129387976/en/
Press Contact: Jamie Moody Ciena Corporation +1 (214)
995-8035 pr@ciena.com
Amy Attard Flex +1 (408) 391-6369 amy.attard@flex.com
Investor Contact: Gregg Lampf Ciena Corporation +1 (410)
694-5700 ir@ciena.com
Flex (NASDAQ:FLEX)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Flex (NASDAQ:FLEX)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024