DZS (Nasdaq: DZSI), a global leader of access, optical and
cloud-controlled software defined solutions, and its strategic
partner Irby Utilities (Irby) today announced deployment milestones
reached by two of their rural electric cooperative broadband
customers. Connect2First, a subsidiary of First Electric
Cooperative in central and southeastern Arkansas, and FASTnet, an
Internet Service Provider (ISP) launched by 4-County Electric Power
Association (4CEPA) in central Mississippi. Each have deployed
hyper-fast broadband to over 12,000 subscribers to date, more than
doubling their respective homes passed over the last year.
Both service providers are leveraging Irby’s broadband network
planning and deployment expertise along with multi-gigabit capable
DZS technology solutions and a total of more than $50 million in
Rural Digital Opportunity Funds (RDOF) plus other government
funding programs like the Coronavirus Aid, Relief, and Economic
Security (CARES) Act, to ultimately bring services to more than
140,000 homes, businesses and anchor institutions between their two
service areas. Each project currently stands well ahead of
schedule.
“The DZS/Irby combination of industry-leading technology and
expertise—plus strong local support and manufacturing logistics—has
been a hands-down winner for Connect2First,” said Randy Everett,
General Manager, Connect2First. “Not only are we providing
hyper-fast internet and phone service to improve the quality of
life and economic prospects for the highest-need homes and
businesses in our service area, but we’ve also already deployed
more than 60% of our total buildout miles and added more than 8,500
subscribers in the past twelve months.”
“With DZS and Irby, FASTnet is rolling out transformational,
gigabit-class broadband to our formerly underserved members while
laying the groundwork for future upgrades to 10-Gig speeds and
beyond,” said Brian Clark, CEO and General Manager, FASTnet. “In
our geographically diverse and challenging service area, this has
required innovative tactics and technology. For example, to cross
the Tennessee-Tombigbee Waterway, which divides our service area,
Irby literally shot fiber across the river.”
“These on-time and on-budget FASTnet and Connect2First rollouts
demonstrate how well the DZS/Irby recipe for success works for many
electric cooperatives and other operators looking to bring
high-speed optical fiber to unserved and underserved constituents,”
said Geoff Burke, SVP Product Marketing and Government Affairs,
DZS. “Future-ready DZS solutions provide a rock-solid platform for
long-term competitive differentiation, while at the same time
redefining the economics of network evolution in rural
environments. DZS proudly looks forward to growing our partnership
with Irby and serving fast-growing, innovative initiatives like
those implemented by FASTnet and Connect2First that are closing the
digital divide across the U.S. and around the globe.”
“FASTnet and Connect2First’s incredible progress are a result of
their hard work and determination, as well as the value of
strategic partners like Irby and DZS,” said Patrick Reams, VP of
Technology and Communications, Irby Utilities. “From a fiber
project’s inception, Irby and DZS account for the network’s entire
lifespan: today’s grant funding, logistics, and end-user need, and
tomorrow’s supply chain, speed demands, and inevitable
hardware/software upgrades. We combine these variables into one
sustainable, dependable network that fast-tracks growth to
underserved areas and easily scales with internet subsidiaries like
Connect2First and FASTnet.”
Irby and DZS are helping Connect2First and FASTnet plan for and
rapidly deploy cutting-edge Access and Subscriber Edge solutions
which include:
- DZS Velocity
Broadband Access Edge
solutions. DZS Velocity V14 multi-terabit systems,
featuring environmentally hardened Fiber-to-the-Premises (FTTP)
optical line terminal (OLT) line cards that support multi-gigabit
services leveraging Gigabit Passive Optical Networking (GPON),
10-Gigabit Symmetrical PON (XGS-PON) and combo technologies.
- DZS Helix
Subscriber Edge solutions. DZS
optical network terminals (ONTs) provide wired connectivity within
the home, while advanced DZS Mesh technology enables carrier-class
WiFi networks for whole-home coverage and small business use.
DZS and Irby prepare utility cooperatives and other broadband
innovators for the future of broadband, focusing on non-disruptive
upgrades that leverage existing investments and seamlessly
accommodate multi-vendor scenarios as well as emerging service
demands that require low latency and massive bandwidth. DZS and
Irby have also demonstrated an exceptional track record of
supporting their mutual customers to leverage government programs
like RDOF, the CARES Act, ReConnect loans and grants, and Capital
Projects Funds to help offset costs.
To learn more about DZS, visit https://www.dzsi.com.
About 4-County Electric Power Association
4-County Electric Power Association is a member-owned electric
power distributor, supplying power from the Tennessee Valley
Authority across all or parts of nine counties in East Central
Mississippi. Committed to improving the quality of life for all
those we touch, 4-County has spent more than 80 years building and
maintaining a strong and reliable electric system to bring
affordable power to our members. Running FASTnet Fiber alongside
our electric system now lets us offer the fastest, most reliable
internet speeds to our members at affordable prices. FASTnet will
also support “smart grid” technology to make sure our system always
operates at peak performance.
About First Electric Cooperative
Corporation
First Electric Cooperative Corporation is a not-for-profit
electric distribution cooperative that was incorporated in 1937 as
the first electric cooperative in Arkansas. First Electric
energized its first power lines in April 1938 near Jacksonville,
Arkansas, with three employees and 150 members. Today, First
Electric serves more than 100,000 member accounts throughout parts
of 18 counties in central and southeast Arkansas. It owns and
maintains more than 10,100 miles of distribution power lines, over
201,000 power poles, over 106,000 meters and 46 substations. First
Electric is the second-largest distribution cooperative in Arkansas
and one of the 33 largest among over 900 electric cooperatives in
the US.
About Irby Utilities
Irby was founded in 1926 and is based in Jackson, Mississippi.
The company has evolved into two distinct operations, of which Irby
Utilities is an industry leader with 57 locations supporting
activity in 47 states. The employees of Irby Utilities serve
customers with innovative products and services through its diverse
portfolio in four major business channels: electric, broadband,
gas, and capital project services. To find out more,
visit www.irbyutilities.com.
About DZS
DZS Inc. (Nasdaq: DZSI) is a global leader of access,
optical and cloud-controlled software defined solutions.
DZS, the DZS logo, and all DZS product names are trademarks of
DZS Inc. Other brand and product names are trademarks of their
respective holders. Specifications, products, and/or product names
are all subject to change.
This press release contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbors created under the Private Securities Litigation Reform Act
of 1995. These statements reflect the beliefs and assumptions of
the Company’s management as of the date hereof. Words such as
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,”
“should,” “target,” “will,” “would,” variations of such words, and
similar expressions are intended to identify forward-looking
statements. Readers are cautioned that these forward-looking
statements are only predictions and are subject to risks,
uncertainties and assumptions that are difficult to predict. The
Company’s actual results could differ materially and adversely from
those expressed in or contemplated by the forward-looking
statements. Factors that could cause actual results to differ
include, but are not limited to, those risk factors contained in
the Company’s SEC filings available at www.sec.gov, including
without limitation, the Company’s annual report on Form 10-K,
quarterly reports on Form 10-Q and subsequent filings. In
addition, additional or unforeseen effects from the COVID-19
pandemic and the global economic climate may give rise to or
amplify many of these risks. Readers are cautioned not to place
undue reliance on any forward-looking statements, which speak only
as of the date on which they are made. DZS undertakes no obligation
to update or revise any forward-looking statements for any
reason.
For further information see: www.DZSi.com.DZS on
Twitter: https://twitter.com/dzs_innovationDZS on
LinkedIn: https://www.linkedin.com/company/DZSi/
Press Inquiries:
Kenny Vesey, Thatcher+Co.
Phone: +1.973.518.3644
Email: kvesey@thatcherandco.com
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