Ubiquiti Networks Ships 10 Millionth Device, Now Deployed in More Than 180 Countries
(Marketwire Via Acquire Media NewsEdge) SAN JOSE, CA -- (Marketwire) -- 12/04/12 --
Ubiquiti Networks, Inc. (NASDAQ: UBNT), a next-generation communications technology company, today announced that it has shipped its 10 millionth device and is now deployed in more than 180 countries around the world, cementing its position as a global leader in the communications technology industry.
Ubiquiti's shipment volume has tripled in the past 3 years. The company's customer base deploys 60,000 new access points and adds approximately 350,000 new fixed wireless users per month. Across the company's six technology platforms, over 1.2 million Ubiquiti access points are deployed worldwide.
Last month, Ubiquiti was ranked the 70th fastest growing company in North America on Deloitte's 2012 Technology Fast 500. In October of this year, airFiber™, Ubiquiti's revolutionary outdoor wireless backhaul radio platform, won the 2012 Wireless Internet Provider Association Product of the Year award.
"People all over the globe are using Ubiquiti to create jobs, support education initiatives and foster growth, from major metropolitan areas like New York and San Francisco to remote villages in Ecuador and Mozambique," said Robert J. Pera, CEO at Ubiquiti Networks. "As our new technology platforms gain momentum, we are starting to witness a fast expansion of our addressable markets worldwide."
About Ubiquiti Networks
Ubiquiti Networks is a next-generation communications technology company that designs and manufactures proprietary technologies. Since 2005, Ubiquiti's products and solutions have bridged the digital divide between emerging and developed markets by fundamentally changing the economics of deploying high performance networking solutions in underserved and underpenetrated markets globally. Our technology platforms airMAX™, UniFi™, airFiber, airVision™, mFi™ and EdgeMAX™, focus on delivering industry-leading performance, compelling price-performing characteristics and an unparalleled user experience. Ubiquiti has reduced high product and network deployment costs and other business model inefficiencies to enable rapid market adoption of their products and solutions in emerging markets. For more information visit http://www.ubnt.com/.
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", "anticipate", "believe", "estimate", "expect", "consider" 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, market positioning, short and long-term opportunities, and any statements or assumptions underlying any of the foregoing. Given these uncertainties, 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 and with the understanding that our actual future results may be materially different from what we expect.
Vice President, Business Development
Ubiquiti Networks, Inc.
Source: Ubiquiti Networks
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