Ceragon to sign a managed services deal to provide a low-latency, high bandwidth connection to one of the world’s largest oil production fields off the coast of West Africa
Little Falls, New Jersey, February 16, 2022 - Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, announced today that it has been awarded a 3 year, multi-million dollar managed services contract from one of the world’s leading multi-national energy companies. In this project, Ceragon will deliver a fully managed, high bandwidth microwave connection to one of the world’s largest oil production fields off the coast of West Africa.
Doron Arazi, Ceragon Networks CEO commented: “This project is a testament to our growing reputation for connecting renewable and traditional offshore energy assets to global networks. Our ability to deliver our hardware, software and expertise as a managed service is in line with our vision for a more service-driven business model across the Energy industry, as well as other private enterprise customers – we call this ‘connectivity as a service’. Letting our customers focus on their own business and providing them with the level of connectivity they need is of a great value to them. With this model we see a great potential, expanding our business reach in this particular customer, the energy sector, as well as other key private networks. Providing best-in-class, customer tailored service models, is key to our strategy.”
Aligned with its ambitions to improve performance and efficiencies, and unlocking the full benefits of digital transformation technologies, the offshore Energy operator required an extremely reliable, low latency, high bandwidth solution to manage ‘big data’ for its multi-billion-dollar investment offshore. Ceragon was selected for its experience and proven ability to deliver high-reliability, low-latency stabilized hardware solutions in challenging, high-risk environments, where the site is both remote and in motion. What’s more, Ceragon’s ability to package its offering as a fully managed service was an immense benefit. In fact, this service model will provide the foundation for delivering operational enhancements that will accelerate the offshore sites’ digital transformation roadmap and drive production and operational cost savings.
Ceragon will utilize its leading PointLink platform to ensure a world class connection 24/7/365. Its multi-hop solution will deliver a several hundred Mb private connection, with latency below 5 milliseconds and guaranteed SLA and will include full remote and on-site support, with maintenance on board a large Floating Production Storage and Offloading (FPSO) vessel – more than 100 kilometers from the shore.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers’ quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.
Ceragon’s unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information please visit: www.ceragon.com
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.
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