RFI's Cables Unlimited Subsidiary Receives $1,400,000 In Orders From A Tier One United States Wireless Carrier For Its New OptiFlexTM Hybrid Custom Fiber Optic & DC Power Cabling Solution
RF INDUSTRIES, LTD. (NASDAQ:RFIL) today announced that its Cables Unlimited (CU) subsidiary has received orders together valued at $1,400,000 for its newly designed OptiFlex TM Hybrid Custom Fiber Optic & DC Power Cabling solution. The easily deployable cabling units are being shipped to a contract installer and major RRU manufacturer for a tier one United States wireless carrier. Cables Unlimited expects to substantially deliver the contract in the current fiscal year.
"Working closely with the RRU manufacturer and the tier one carrier, CU's product development team designed OptiFlex Hybrid Cables to be an advanced, lower cost, lighter 'plug and connect' product for building and upgrading thousands of wireless carrier sites to handle the high-speed, wide bandwidth requirements of 4G networks. We are excited about the prospects for OptiFlex, which has been on the market for only a few months, and believe this product is an excellent example of RFI's customer-centric perspective, the synergies inherent in our acquisition of CU and our potential for growth," said Howard Hill, CEO of RF Industries.
OptiFlex TM Hybrid Cable solutions are custom designed, highly flexible, pre-terminated cables comprising multiple fiber optic and power cables in a single jacket. The light cable reduces tower loads and is the perfect solution for 4G, WiMAX and 4G LTE tower upgrades and installations up to and exceeding 550 feet, twice the length of competing products. The cable is easily installed using standard accessories for product transition and LTE upgrades. The OptiFlex solution's low minimum order and fast turnaround provides a cost-competitive transition for OEM's, contract installers and carriers to quickly and easily upgrade their products. OptiFlex cable solutions eliminate the need for tower hardware by directly connecting both DC power and RF signal from the radio unit atop the antenna tower with the baseband equipment on the ground. With factory terminated fiber by Corning certified technicians, OptiFlex Cable improves performance and eliminates field termination, dramatically reducing installation time. The cabling is made in the United States and can be custom fabricated to include coaxial or Ethernet cabling for customer specific applications.
The OptiFlexTM Hybrid Custom Fiber Optic & DC Power Cabling solution is immediately available through TESSCO Technologies. For more information on OptiFlex TM Cabling solutions, contact Cables Unlimited or TESSCO.About RF Industries RFI manufactures, designs and distributes Radio Frequency (RF) connectors and cable assemblies, medical cabling products, RF wireless products, and fiber optic cable products. Coaxial connectors, cable assemblies and custom microwave RF connectors are used for Wi-Fi, PCS, radio, test instruments, computer networks, antenna devices, aerospace, OEM and Government agencies. Medical Cabling and Interconnector products are specialized custom electrical cabling products for the medical equipment monitoring market. RF Wireless products include digital data transceivers for industrial monitoring, wide area networks, GPS tracking and mobile wireless network solutions. Fiber optic cable, connector and harness products serve computer, aerospace, computer networking and specialty applications. Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements with respect to future events which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: changes in the telecommunications industry; the operations of the Cables Unlimited division which was acquired in June 2011; and the Company's reliance on certain distributors for a significant portion of anticipated revenues. Further discussion of these and other potential risk factors may be found in the Company's public filings with the Securities and Exchange Commission ( www.sec.gov ), including its Form 10-K. All forward-looking statements are based upon information available to the Company on the date they are published and the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.
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