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SOURCE Ubiquiti Networks
New products and Ubiquiti World Network enable wireless Internet service providers to address high growth $5.9B market opportunity
LAS VEGAS, Oct. 21, 2013 /PRNewswire/ -- Ubiquiti Networks, Inc. (NASDAQ: UBNT) ("Ubiquiti") today introduced its next-generation airMAX®, airFiber™ and EdgeMAX™ products, which will enable wireless Internet service providers (WISPs) to provide broadband Internet access to millions of homes and businesses-many for the first time. Ubiquiti also announced the beta release of the Ubiquiti World Network™, an alliance of WISPs that will help incite even greater growth for fixed wireless broadband. The announcements were made at WISPAPALOOZA 2013 held last week in Las Vegas.
With Ubiquiti's next-gen product line up and Ubiquiti World Network™, WISPs will be able to leverage the company's fixed wireless access technologies to grow their capacity, reach previously inaccessible geographies, provide competitive service packages, and reduce installation time.
"We believe fixed wireless access technology is among the most cost effective and capital-efficient ways to bring Internet connectivity to underserved communities around the world," said Robert J. Pera, CEO at Ubiquiti Networks. "With our next-generation infrastructure platform, our WISP customers can tap into a large, high growth market that is uniquely positioned to help close the digital divide and create greater social equality."
In a recent study conducted by research firm IDC, Fixed Wireless Access: Global and Regional Market Opportunity, it was estimated that fixed wireless access is growing at 21.8% CAGR through 2017, making it one of the fastest-growing broadband access technologies and the most viable alternative to cable, DSL, fiber and satellite. This growth represents a projected $5.9B service revenue opportunity for service providers in 2014.
Ubiquiti's innovative technology and disruptive pricing combine to make fixed wireless broadband an increasingly attractive technology for Internet connectivity. Fixed wireless connections have a rapid ROI for operators, do not require 'last mile' trenching or cabling, and can be deployed in areas with limited infrastructure.
Ubiquiti's latest cutting-edge advancements include:
airMAX®: A leading platform for point-to-multipoint and point-to-point fixed wireless access (typically used to provide 'last mile' broadband Internet access to home and businesses);
All products are expected to be available via Ubiquiti distributors and are currently scheduled to ship in calendar Q4 2013.
Introducing the Ubiquiti World Network
In the recent 'State of Broadband Connectivity' survey conducted by Research Now and commissioned by Ubiquiti, it was estimated that 61% of US citizens in rural areas believe there aren't enough broadband providers in their area that offer wide enough variety of choices for competitive services and price performance. The report also points to a lack of awareness among subscribers of emerging alternatives, such as fixed wireless, which only 19% recognize as an option. While there are thousands of WISPs in the US and tens of thousands globally, many providers are local/regional and lack the brand awareness of larger, national providers.
To address these specific findings, Ubiquiti has unveiled the Ubiquiti World Network™ (beta), a global alliance of individual wireless Internet service providers working toward a single vision that leverages a unified technology platform, sales and marketing assets, advertising, and political advocacy to help foster growth and innovation among WISPs. During the beta phase, WISPs will be able to join the Ubiquiti World Network™, describe their service plans and geographical coverage, and access co-branded marketing tools developed by Ubiquiti. Consumers will be invited to use the Ubiquiti World Network™ to more easily discover wireless broadband providers in their area. WISPs can sign up now at https://goubiquiti.com/signup
About Ubiquiti Networks
Ubiquiti Networks (NASDAQ: UBNT) is closing the digital divide by building network communication platforms for everyone and everywhere. With over 10 million devices deployed in over 180 countries, Ubiquiti is transforming under-networked businesses and communities. Our leading edge platforms, airMAX®, UniFi®, airFiber®, airVision®, mFi® and EdgeMAX® combine innovative technology, disruptive price performance and the support of a global user community to eliminate barriers to connectivity. For more information, join our community at http://www.ubnt.com.
Ubiquiti, the Ubiquiti logo, Ubiquiti Networks, airMAX, NanoBeam, airFiber, airVision, UniFi, mFi, EdgeMAX, EdgeRouter, InnerFeed, xRT, and World Network are registered trademarks or trademarks of Ubiquiti Networks, Inc. and/or its affiliates in the United States and other countries. All other trademarks mentioned in this document are the property of their respective owners.
Safe Harbor for Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including words such as "look," "will," "anticipate," "believe," "estimate," "project," "expect," "consider," "schedule" and "plan" and statements in the future tense are forward looking statements. The statements in this press release that could be deemed forward-looking statements include statements regarding release of new products and expected performance, price-performance disruptiveness, growth prospects, product applications, expected performance and potential benefits, market positioning, short and long-term opportunities, and any statements or assumptions underlying any of the foregoing. You should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. Ubiquiti Networks undertakes no obligation to update information contained in this press release. You should review our SEC filings carefully, particularly the discussions under the heading "Risk Factors" and elsewhere in our Annual Report on Form 10-K for the year ended June 30, 2013 and other filings filed with the U.S. Securities and Exchange Commission that identify risks that could cause actual results to differ from those made in such forward-looking statements.
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