Xtera and Foxconn extend manufacturing relationship
21 April 2016 - 11:00PM
Xtera Communications, Inc. (NASDAQ:XCOM), a leading provider of
high-capacity, cost-effective optical transport solutions, today
announced the signing of new contract extending its manufacturing
relationship with NSG Technology, Inc. (a part of the Foxconn
Technology Group).
Continuing a manufacturing relationship that
started in 2004, Xtera and Foxconn have signed a long-term
extension. Xtera’s manufacturing partner is critical to delivering
quality products to its customers and, after exploring multiple
alternatives, Xtera is pleased to recommit to a manufacturing
relationship that has allowed it to provide industry-leading
quality and reliability to its customers.
“Foxconn Technology Group is the largest contract
manufacturer in the world and provides services to some of the
world’s largest and best known companies. The Foxconn platform
allows Xtera to scale its business cost effectively as our business
continues to grow, as customers realize the value, flexibility and
technological advantages of our innovative products,” said Jon
Hopper, President and Chief Executive Officer of Xtera.
About NSG Technologies,
Inc.
NSG is a vertically integrated manufacturing
service provider. It provides a wide range of manufacturing
services to its customers in the communication industry. Hon Hai
Precision Industry Company Limited is the ultimate controlling
shareholder of NSG (Hon Hai), and Hon Hai and its subsidiaries (as
a group commonly known as the Foxconn Technology Group) is the
leading global manufacturing service provider in the 3C (computer,
communication and consumer electronics) industries.
About Xtera Communications,
Inc.
Xtera Communications, Inc. (NASDAQ:XCOM) is a
leading provider of high-capacity, cost-effective optical transport
solutions, supporting the high growth in global demand for
bandwidth. Xtera sells solutions to telecommunications service
providers, content service providers, enterprises and government
entities worldwide. Xtera’s proprietary Wise RamanTM optical
amplification technology leads to capacity and reach performance
advantages over competitive products. Xtera’s solutions enable
cost-effective capacity to meet customers’ bandwidth requirements
of today and to support their increasing bandwidth demand fueled by
the development of data centers and related cloud-based
services.
For more information, visit www.xtera.com, contact
info@xtera.com or connect via LinkedIn, Twitter, Facebook and
YouTube.
Investor Contact:
David H. Allen | +1 408 427 4463 | IR@xtera.com
Marketing & Sales Contact:
Bertrand Clesca | +33 1 45 48 15 67 | marketing@xtera.com
Xtera Communications (CE) (USOTC:XCOMQ)
Historical Stock Chart
From Nov 2024 to Dec 2024
Xtera Communications (CE) (USOTC:XCOMQ)
Historical Stock Chart
From Dec 2023 to Dec 2024