Little Falls, New Jersey, November 10, 2015 - Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced that Statoil ASA, the largest Norwegian Oil & Gas operator, has formally awarded Ceragon Networks a 5-year Frame Agreement, with an option to extend for 5 consecutive 2-year periods. Most recently, Statoil has placed orders for Ceragon’s IP-20 platform. Ceragon has a longstanding relationship with Statoil and a large existing installed base, which is part of the backbone of Statoil’s offshore communications network.
Ceragon offers Statoil an end-to-end solution for offshore wireless communications. The Ceragon PointLink solution’s proven performance, including ultra-high capacity and renowned reliability and range, has been used by Statoil to build reliable broadband connectivity despite the North Sea’s unpredictable environment for over four decades. With its high-power, offshore coated radios and gyro-stabilized antennas the Ceragon solution provides smooth communications with high bandwidth and low latency. Moreover, the solution allows operators to balance high, gigabit capacity with operational efficiency and ensure a reliable network.
Ceragon is the world’s largest supplier of stabilized systems for safe operation on any floating vessel. Ceragon is the only vendor to have an in-house ATEX-certified wireless backhaul solution and is also the only vendor who has supplied systems from 0.6m up to 3m diameter for very long offshore links. Earlier this year, Ceragon and Statoil established the world’s longest link to an offshore platform, connecting the Statoil Rio de Janeiro office to Peregrino - 174 km long microwave hop, delivering Statoil a bandwidth of up to 500 Mbps.
“We value our continued business relationship with Statoil,” said Ira Palti, president and CEO of Ceragon. “Customer requirements in the North Sea are like no others on earth, demanding the safest, most rugged solution. Our stabilized, ATEX-certified microwave systems were designed to withstand operations in the toughest environments - making Ceragon uniquely qualified to provide uninterrupted connectivity to oil & gas operators.”