BEIJING, Sept. 22, 2011 /PRNewswire-Asia-FirstCall/ -- UTStarcom Holdings Corp. ("UTStarcom" or "the Company") (NASDAQ: UTSI) a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, today announced that it has won an Ethernet Passive Optical Network ("EPON") contract to strengthen Ningxia Electric Power Company's ("Ningxia Electric") integrated electric distribution system and communication platform.
Since 2010, Ningxia Electric has accelerated the construction of its integrated electric distribution system and communication platform as the Chinese government spurs the development of smart grid networks across the country. By 2012, Ningxia Electric expects the integrated electric distribution system and communication platform to be operational in five cities within Ningxia province.
"Our EPON solution enhances Ningxia Electric's distribution system and communication platform, integrating more functionality at a low cost of entry," said UTStarcom Chief Executive Officer Jack Lu. "We are encouraged by the new contract and are confident we will be able to capitalize on similar opportunities in the future as China's government continues to promote the digitalization and automation of the state grid network."
UTStarcom's EPON solution helps electric companies build high-quality and reliable communication channels. In addition, it collects data and provides optical fiber to end users to meet the various business needs of customers. The Company plans on booking this equipment-based sale in the third quarter of 2011.About UTStarcom Holdings Corp. UTStarcom is a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and Broadband for cable and telecom operators. The Company sells its solutions to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV