Key Developments For UTStarcom, Inc.
UTStarcom, Inc. (UTSI.O) (Nasdaq)
UTStarcom, Inc. Issues FY 2010 Revenue Outlook-Conference Call
UTStarcom, Inc. announced that for fiscal 2010, it expects annualized revenues of greater than $350 million.
UTStarcom, Inc. Announces New Contract With China's Bureau Of Radio And Television Of Santai County
UTStarcom, Inc. announced a new customer deployment with the Bureau of Radio and Television of Santai County, Sichuan Province, a subsidiary of Beijing-based government agency SARFT, to resume their radio and television network capability following last year's traumatic earthquake. The Bureau of Radio and Television of Santai County, Sichuan province is the project contractor.
UTStarcom, Inc. Secures Commercial Contract With Shandong Electric Power Corporation; Second Contract For UTStarcom's New NetRing Transport Network Solution
UTStarcom, Inc. announced that it has secured a contract with Shandong Electric Power Corporation (SEPCO) for its recently launched NetRing Transport Network product portfolio (NetRing TN). SEPCO will use the NetRing TN solutions to build a data service carrier network for SEPCO's Dezhou Grid. Confronted with mass data processing, SEPCO chose UTStarcom's multiprotocol label switching, transport profile (MPLS-TP) solution to assist with data transmission between the regional, municipal and county-level power grid assets in ten sub-cities within the Dezhou and Shandong provinces. During this three-phase deployment, UTStarcom will apply two sets of NetRing TN725 and twelve sets of NetRing TN705 to the grid to form the core convergence layer 10 gigabyte mesh network. Additionally, ten sets of NetRing TN703 will be deployed to create an access layer of Gigabit Ethernet network that delivers high bandwidth efficiency and reliability to the Dezhou Grid and can provide complete administrative control over the electric data network.
UTStarcom, Inc. And Starent Networks Corp. Announce Settlement Agreement
UTStarcom, Inc. and Starent Networks Corp. announced that they have agreed to settle all legal disputes between the two companies. Under the settlement, Starent Networks Corp. will make a one-time payment to UTStarcom, Inc. in the amount of $3.5 million and receive a perpetual royalty-free license to UTStarcom, Inc. patents. Included in the settlement is the dismissal of two pending litigations in the United States District Courts for the Northern District of Illinois (filed on May 8, 2007) and the Northern District of California (filed on February 16, 2005).
UTStarcom, Inc. Announces Reseller Agreement With eLandia International, Inc.'s DESCA
UTStarcom, Inc. announced a reseller agreement with DESCA, a Miami based infrastructure and telecommunications networking company and wholly owned subsidiary of eLandia International, Inc. This new relationship between UTStarcom and DESCA allows both companies to leverage the collective sales force, customer base and hosted managed service offerings for new and existing sales programs. Both companies will collaborate on infrastructure and solutions integration to help ensure the deployment of high-quality products and services with a strong emphasis on the customer experience. According to the Agreement, UTStarcom's portfolio of solutions will be marketed and distributed through DESCA's sales force in Central and South America, including Mexico, Belize, Brazil, Guatemala, Honduras, El Salvador, Costa Rica, Nicaragua, Panama, Venezuela, Colombia, Ecuador, Peru, Argentina, Puerto Rico and Dominican Republic. UTStarcom will also support the sales of DESCA's solutions throughout the Americas region.
