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Ubiquiti Networks Announces Distribution Agreement With Redington(GlobeNewswire Via Acquire Media NewsEdge) SAN JOSE, Calif., Oct. 22, 2014 (GLOBE NEWSWIRE) -- Ubiquiti Networks, Inc. (Nasdaq:UBNT), today announced a strategic distribution agreement with Redington, the largest supply chain solution provider in emerging markets throughout the world. Under this agreement, Redington will market and distribute Ubiquiti's leading-edge broadband and enterprise networking solutions to its vast network of channel partners throughout India. "Redington is always looking for innovative solutions that represent exciting growth opportunities for our resellers and their customers," said Anand Chakravarthy, Head - Strategic Business Unit of Redington. "Ubiquiti's products are unique because the company offers high-performance networking technology for a fraction of the cost of traditional solutions." Ubiquiti's highly advanced and easily deployable technology platforms are ideal for the underserved and underpenetrated markets of Redington's customer base. A differentiated business model, combined with innovative proprietary technologies, has resulted in an attractive alternative to traditional high-touch, high-cost equipment providers. Redington will immediately begin marketing, selling and supporting all of the Ubiquiti's platforms for service providers (airMAX®, airFiber® and EdgeMAX®) and enterprises (UniFi®, UniFi Video and mFi®). "Ubiquiti is constantly seeking ways to increase penetration in emerging markets like India so our strategic partnership with Redington was an easy decision," said Chris Usher, Manager, International Business Development of Ubiquiti Networks. "This relationship will be an additional catalyst for our company's growth, particularly driving demand in key enterprise verticals such as education, healthcare, security and hospitality." Ubiquiti's global network of distributors brings the company's broadband and enterprise innovations to resellers in 180 countries on six continents in the world. More than 20 million devices have been sold since the company was founded in 2005. About Ubiquiti Networks Ubiquiti Networks, Inc. (Nasdaq:UBNT) is closing the digital divide by building network communication platforms for everyone and everywhere. With over 20 million devices deployed in over 180 countries, Ubiquiti is transforming under-networked enterprises and communities. Our leading edge platforms, airMAX®, UniFi®, airFiber®, UniFi® Video, mFi® and EdgeMAX® combine innovative technology, disruptive price-to-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, airFiber, UniFi, mFi, and EdgeMAX are registered trademarks or trademarks of Ubiquiti Networks, Inc. and/or its affiliates in the United States and other countries. About Redington Redington is the largest supply chain solution provider in the emerging markets of India, the Middle East, Africa, Turkey, Sri Lanka, Bangladesh and CIS countries. Redington provides end-to-end supply chain solutions for all categories of information technology products and consumer and lifestyle products. With its corporate office in Chennai, it has 56 Sales locations, 70 owned service centers and 292 partner service centers across India. In addition, through its subsidiaries both in India and overseas, Redington has 78 sales offices, 104 warehouses, 109 owned service centers and 310 partner centers. A team comprising of over 2,200 highly skilled and committed professionals helps the Company deliver its products and services to every corner of the country. Visit http://www.redingtonindia.com. The Ubiquiti Networks, Inc. logo is available at //www.globenewswire.com/newsroom/prs/?pkgid=24865 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 the timing and expected results of Redington's efforts to market, sell and support Ubiquiti's platforms; our growth prospects; the demand for our products in key enterprise verticals; 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, 2014 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. CONTACT: Media Contact: Chris Usher Manager, International Business Development Ubiquiti Networks, Inc. [email protected] Source: Ubiquiti Networks 2014 GlobeNewswire, Inc. |