DZS (Nasdaq: DZSI), a global leader of access, optical and
cloud-controlled software defined solutions, today announced that
its integration partner Summit Technology Solutions (STS), a
leading information technology and business solutions provider
serving the Middle East, North Africa, and Asia, will leverage DZS
Access and Subscriber EDGE technology over fiber as the “security
and smart network” (SSN) infrastructure for the Iconic Tower and
Crescent Tower projects in Egypt’s New Administrative Capital,
which is being developed by Administrative Capital Urban
Development (ACUD).
With a total height of 1,312 feet (400 meters) and 77 floors
scheduled for multi-use occupancy in 2024, including the
ultra-luxury Raffles hotel, the Iconic Tower is the tallest
building in Africa. The Crescent Tower will stand at the heart of
the Central Business District in the New Administrative Capital and
house the luxury Fairmont Cairo New Capital City hotel. The SSN
infrastructure consists of hyper-fast next generation fiber optic
broadband connectivity, security cameras, gates and other access
systems, and smart sensors and various Internet of Things (IoT)
applications both within and connecting the towers.
The New Administrative Capital, also known as the New Cairo
Capital City, is a planned urban community located 35 kilometers
east of Cairo that will be the first smart, connected city in
Africa. It will house Egypt’s central government offices, the
presidential palace, foreign embassies, financial headquarters,
numerous businesses and educational institutions and will be home
to approximately seven million residents. DZS has been involved in
delivering hyper-fast connectivity to the New Administrative
Capital since 2021.
“DZS is proud to once again play a key role in the development
of broadband infrastructure for Egypt’s New Administrative Capital,
one of the world’s most technologically advanced cities,” said Tom
Carter, Chief Customer Officer AEMEA, DZS. “Building on our
reputation in-region for high product quality, flexibility, and
world-class support, DZS has become a key enabler of solutions for
this ambitious project. Our DZS Access and Subscriber EDGE
portfolios provide powerful solutions that can bring multi-gigabit
speeds and deliver the ultimate broadband service experience to
residential and business users and guests.”
“Summit Technology Solutions is very pleased to partner with DZS
to deliver the critical security, smart network, and IoT
infrastructure for two of the biggest building projects in the New
Administrative Capital, which includes the Iconic Tower and
Crescent Tower,” said Magda El-Sabee, CEO, Summit Technology
Solutions. “We chose DZS as a partner for these two prestigious
projects based on the proven stability, high availability, and
security of its technology combined with its longstanding brand
reputation for on-time delivery and overall service—both on
previous New Administrative Capital projects and across the region
we serve. We look forward to collaborating with DZS not only on
these current initiatives, but also on other vital infrastructure
projects within the New Administrative Capital.”
The backbone of the security and smart network infrastructure
for Iconic Tower and Crescent Tower will consist of solutions from
the DZS Access EDGE portfolio, which are globally proven and offer
a variety of open, agile, and future-ready systems, as well as
powerful Subscriber EDGE solutions. DZS products to be used on the
Iconic Tower and Crescent Tower projects include:
- The DZS FiberLAN 319 Optical Line
Terminal (OLT), featuring Gigabit Passive Optical Networking (GPON)
technology, high capacity, and superior intelligence and security
in an industrial temperature hardened chassis
- The DZS 2629GN FiberLAN GPON
Optical Network Termiinal (ONT), optimized for desktop and
wall-mount installations and supporting 2.5G /1.25G
downstream/upstream performance, 8 gigabit multi-rate 10/100/1000M
Ethernet interfaces, Power over Ethernet, Enterprise LAN features
(802.1x, LLDP) and 2 POTS interfaces compliant to SIP and MGCP
telephony standards
DZS offers a market-leading portfolio of Access EDGE, Subscriber
EDGE, Optical EDGE, and cloud-based solutions created to deliver
the ultimate subscriber experience while driving down operating
costs. For both new projects and network transformations, DZS
technology empowers operators to rapidly and cost-effectively
provide gigabit and/or multi-gigabit services today, while laying a
foundation for future technologies and services. DZS platforms and
software are standards-based, proven interoperable with many other
vendors’ equipment, and designed to be managed in multi-vendor
environments.
To learn more about DZS, visit https://www.dzsi.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 affects 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/
About Summit Technology Solutions
Summit Technology Solutions is a leading ICT and business
solutions provider serving the Middle East, North Africa, and Asia.
With more than 35 years of success, Summit help organizations focus
on their core business while we manage and support their digital
transformation journey. With Egypt as its hub, and a network of
offices in Algeria, Pakistan, and Dubai, Summit serves a broad
spectrum of industries including banking and financial services,
telecommunications, government and public safety, real estate and
hospitality, oil and gas, and general business.
Press Inquiries:
Kenny Vesey, Thatcher+Co.
Phone: +1.973.518.3644
Email: kvesey@thatcherandco.com
DZS (NASDAQ:DZSI)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
DZS (NASDAQ:DZSI)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024