MC: Press Releases

Ribbon Completes Major Optical DWDM Deployment for Bharti Airtel

dedmonds — Wed, 23 Oct 2024 14:13:57 +0000

Delivers cost-optimized 5G mobile backhaul and high speed connectivity on 30,000 km network

October 25, 2024

Plano, TX – Ribbon Communications Inc. (Nasdaq: RBBN), a leading global provider of real time communications technology and IP optical networking solutions announced the successful completion of a long haul DWDM (Dense Wave Division Multiplexing) deployment for Airtel, one of India’s top telecom providers.

“Ribbon’s proven expertise and cutting-edge solutions were instrumental in our decision to partner with them on this extensive modernization project. By integrating Ribbon’s state of the art optical transport technologies, we can now meet our customers’ growing demand for 5G and high speed connectivity, positioning us to successfully execute our long-term business strategy,” said Randeep Sekhon, CTO, Airtel.

Airtel has deployed Ribbon’s Apollo 9600 suite of programmable and open optical transport platforms, which support C+L bands, across its network. This has provided Airtel with 51.2 Tbps of long haul network capacity, effectively meeting its growing bandwidth requirements.

Furthermore, Ribbon’s Muse platform enables operator-defined workflow automation, enhancing operational efficiency with real-time network monitoring and management.

“Airtel is one of the world’s leading providers and we’re proud to have partnered on this significant deployment,” said Bruce McClelland, CEO, Ribbon. “Our highly modular, powerful, versatile and secure solutions will enable them to precisely meet their service needs, easily accommodate traffic growth and adopt new technologies while delivering high quality connectivity to their massive customer base.”

About Ribbon

Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. We maintain a keen focus on our commitments to Environmental, Social and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit rbbn.com.

About Bharti Airtel Limited

Headquartered in India, Airtel is a global communications solutions provider with over 550 million customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high-speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and cloud-based communication. For more details visit www.airtel.com

Important Information Regarding Forward-Looking Statements

The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

Ribbon Supercharges Diabolocom’s AI-Powered Cloud Contact Center Software With High Density, Low Power Data Center Interconnect

dedmonds — Tue, 10 Dec 2024 15:12:31 +0000

Facilitates high-speed, scalable, and cost-effective data transfer

December 11, 2024

Plano, TX – Ribbon Communications Inc. (Nasdaq: RBBN), which helps many of the world’s largest service providers, enterprises and critical infrastructure operators modernize and protect their networks with its state-of-the-art real time communications technology and IP optical networking solutions, announced that Diabolocom has selected Ribbon’s high density Data Center Interconnect (DCI) solution. The solution enables Diabolocom to seamlessly and efficiently connect its global customers with its Cloud Contact Center Software and proprietary Voice AI solutions.

“Ribbon provides us with a cutting edge solution, coupled with a flexible, customer-first approach,” said Frederic Durand, CEO & Founder, Diabolocom. “Their highly scalable solution enables the efficient transfer of major datasets seamlessly and economically, supporting our mission to help businesses foster customer loyalty and drive growth.”

Ribbon’s DCI solution utilizes its Apollo 9408 compact modular platform to deliver the industry’s highest density and lowest power consumption optical transport DCI. With up to 25.6T capacity in a 2RU platform consuming less than 0.07W/G, it ensures the smooth, reliable transfer of critical data with low latency and high throughput. Ribbon’s solution also provides unique investment protection, allowing customers to upgrade from 400G to 800G on a single sled using industry-standard pluggables. Additionally, the Apollo 9408 supports advanced operations with gNMI streaming telemetry and OpenConfig data models.

“We’re proud to partner with Diabolocom in revolutionizing cloud contact center and voice AI solutions, said Christian Erbe, Ribbon’s Head of EMEA Sales. “This collaboration highlights our commitment to innovation and to delivering unparalleled performance and reliability as they push the industry forward.”

About Diabolocom

For over 20 years, Diabolocom has been helping businesses build customer loyalty and driving revenue.Diabolocom's cloud-based Contact Center as a Service (CCaaS) solution, driven by cutting edge proprietary generative AI, provides exactly what today’s customer service and sales teams need—smart automation, empowered agents, and seamless customer experiences. With 8 offices across Europe, the USA, Brazil, and Dubai, Diabolocom is the trusted partner of top brands like Carrefour, Culligan, and Nikon.

About Ribbon

Important Information Regarding Forward-Looking Statements

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

Pioneer Selects Ribbon for Optical Network Expansion

dedmonds — Mon, 09 Dec 2024 16:10:19 +0000

Flexible 400G network delivers increased bandwidth

December 10, 2024

“Our members and subscribers expect high speed connectivity and access to modern capabilities, and this network upgrade highlights our commitment to meeting their needs,” said Blake Callaham, Pioneer’s General Manager. “We have been utilizing Ribbon’s voice solutions in our network for many years and found their technology, expertise, and attentive support well-suited to meet our needs. We trust they will perform in the same manner with our new IP optical networking solution.”

Pioneer is leveraging Ribbon’s Apollo programmable and open optical networks for this upgrade. The modular C+L band enables Pioneer to seamlessly expand fiber capacity to L-band on their own timeframe, and without service interruption, for maximum flexibility. Additionally, Ribbon’s Muse SDN Domain Orchestration ensures peak network efficiency through automation, planning, node design, and real-time control.

“We’re proud of the confidence that Pioneer has placed in us for this network upgrade,” said Elizabeth Page, Ribbon’s Senior Director, National Sales. “It’s particularly gratifying to see a voice solutions customer entrust us with their optical network, demonstrating the quality of our solutions and the strength of our relationship.”

About Ribbon

Important Information Regarding Forward-Looking Statements

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

Ribbon Strengthens Commitment to Thai Market with Expanded Manufacturing

dedmonds — Mon, 18 Nov 2024 14:36:43 +0000

Augments in-country activity to better serve global market

November 19, 2024

“Thailand’s digital economy is expected to contribute 25% of the country’s GDP by 2027 according to the Thailand Board of Investment, underscoring its pivotal role in the ASEAN region,” said Drazen Lukic, Ribbon’s SVP Global Product Management and Operations. “This makes it an ideal location for expanding production of our advanced transport platforms.”

Ribbon integrated Thailand into its global supply chain in 2023 and began manufacturing select IP Optical products, including the Apollo 9408 and 9600 platforms, which use 5nm-140Gbaud technology to deliver high density and low power consumption optical transport with up to 1.2T wavelengths. The rapid ramp-up in production is set to further increase in 2025.

Ribbon is exhibiting at stand G03 at Telecoms World Asia. Visitors can experience our demos and meet our experts to gain insights on tackling middle mile challenges. Additionally, Mr. Lukic will present “Maximizing ROI with an Intelligent Middle Mile” on November 19^th at noon, local time.

About Ribbon

Important Information Regarding Forward-Looking Statements

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

『ロボコール』を知らない人　約9割

dedmonds — Tue, 29 Oct 2024 16:22:46 +0000

米大統領選でのフェイク電話など、世界的にリスクが急拡大

自動音声通話に関する調査を実施

October 29, 2024

　ロボコールとは、自動音声通話とも呼ばれ、人ではなくAIなどの機械によってかけられる電話のことです。通常ロボコールは人に　代わって電話を掛けるので、業務効率化や人手不足の解消などに使われますが、個人情報の取得や詐欺の電話などに悪用されてしまうケースもあります。今年の春先、生成AI技術を用いてバイデン大統領の声を模倣したロボコールが、11月5日の大統領選挙に先立ちニューハンプシャー州の予備選挙への参加を有権者に思いとどまらせるために使用されました。
　世界的な社会問題になっているロボコールですが、日本でも身に覚えのない未納料金を請求されたなど、詐欺の手口として悪用されたロボコールトラブルが急激に増えています。

主な調査結果は以下の通りです：

認知の格差：回答者の約90%は、自動音声電話について聞いたことがありませんでした。しかし、認知している人のうち、約85%は、世界中で詐欺行為に利用されていることを認識していました。

不審な電話：回答者の5人に1人が、個人情報収集を目的とした不審な電話や詐欺の疑いのある電話を受けたことがあると回答しており、認知度が低いにもかかわらず、現在、日本では詐欺的な自動音声電話がかけられていることが示唆されています。

日常生活への影響：不審な自動音声電話を受けた人の90%以上が、電話に出ることに不快感を覚えていることから、不審な自動音声電話が日常生活にまで影響を及ぼしていることが分かります。

限定的な対策：回答者の70%は、迷惑電話への対策は限定的であると考えています。

生成AIの技術がますます進化しているなか、今後も悪用されたロボコールによる被害が増大する可能性があります。そのため、企業や通信事業者は、ロボコールが悪用されるケースを認識したうえで対策ツールを導入する対策が求められていきそうです。

リボン・コミュニケーションズシステム技術部シニアマネージャー　桑原良和のコメント

近年、世界中でロボコールは増加傾向にあり、全てのロボコールに悪意があるとは限りませんが、知らない番号からの電話には出ない、非通知の着信は無視する、迷惑電話が多いのでそもそも電話に出たくない、など電話に対する信頼が失われつつある状況にあります。

現在日本国内においては、日常的にロボコールがかかってくるような環境ではないため、「多くの人がその存在自体を知らない」という今回のアンケート結果は自然なことなのかもしれません。但し、42%の人がロボコール（自動音声通話）がかかってきた経験アリと回答したように、日本国内においてもロボコールが存在し、今後何らかの理由で増加する可能性も否定できません。ロボコールが大きな社会問題となっている米国では既にFCCと議会により通話認証（STIR/SHAKEN）が義務付けられています。

このような状況の中、リボン・コミュニケーションズは、電話の発信者の身元を保証するためのソリューション(Identity Assurance Solution)としてRibbon Call Trustを提供しています。発信者のReputation（評判）スコアの提供、ロボコール・詐欺電話の検知、STIR/SHAKENサービス(Caller ID認証、署名、検証)、ブロックリスト化、暗号化、CAC,ポリシルーティング、CVT(Call Validation Treatment)などの機能を提供し、安心して電話をすることができる環境づくりに貢献しています。

調査サマリー

ロボコールを知らない人、約90%!
ロボコールを知っている人のうち、約85%の人は詐欺などに不正に使用されているケースを知っている
約42%の人はロボコールがかかってきた経験アリ！
5人に1人は不審なロボコールの経験アリ！
不審なロボコールを経験した人のうち約94%は、その後かかってきた電話に対してネガティブな気持ちを抱いた
知らない電話番号からの着信があった時、約70%の人の対策方法は「知らない番号には出ない」
個人でできる迷惑電話などへの対策には限りがあると感じている人、約71%！

調査概要

調査方法：インターネット調査
調査機関：調査委託先・株式会社ジャストシステム（fastask）
調査期間：2024年7月22日～24日
調査エリア：全国
調査対象：20~65歳の男女
調査人数：330名

ロボコールを知らない人、約90%!

ロボコールを知っているかを聞いたところ、「知らない」「わからない」と答えた人が約90%に上りました。世界的には問題になっているロボコールですが、日本ではまだまだ認知されていないようです。（n=330）

はい：11.8% いいえ：77.0% わからない：11.2%

ロボコールを知っている人のうち、約85%の人は詐欺などに不正に使用されているケースを知っている

ロボコールについて「知っている」と答えた人のうち、約85%の人が世界で「ロボコール」詐欺などに不正に使用されている問題を知っている、と回答しました。ロボコールを認識している人は、高い割合で悪用されているケースも認識していることがわかりました。（n=39）

はい：84.6% いいえ：15.4%
わからない：0.0%

約42%の人はロボコールがかかってきた経験アリ！

携帯電話や固定電話にロボコールがかかってきたことがあるかを聞いたところ、約42%の人が経験があると答えました。（n=330）

また、年齢別に見ると50歳～65歳の半数以上が、ロボコールがかかってきた経験があると答えていることも併せてわかりました。

はい：41.8% いいえ：38.8%
わからない：17.9%
電話を持っていない：1.5%

■5人に1人は不審なロボコールの経験アリ！

ロボコールがかかってきた経験があると回答した人のうち、「個人情報を聞き出そうとするものや、詐欺の疑いのある不審なロボコールを経験したことがある」と回答した人は約46%に上りました。これらの結果により、5人に1人が不審なロボコールの経験があることがわかりました。（n=138）

また、年齢別に見ると、不審なロボコールの経験が最も多かったのは30代で約70%、次いで50代で約50%という結果になりました。

はい：45.7% いいえ：44.2%
わからない：10.1%

不審なロボコールを経験した人のうち約94%は、その後かかってきた電話に対してネガティブな気持ちを抱いた

不審なロボコールを経験したことがある人のうち約94%の人が、その後かかってきた電話を取るのが嫌だと感じた、若しくは嫌だと感じて取らなかったと回答しました。悪用された不審なロボコールが日常生活に影響を及ぼしていることが伺えます。（n=63）

はい：93.7% いいえ：6.3%
わからない：0.0%

知らない電話番号からの着信があった時、約70%の人の対策方法は「知らない番号には出ない」

知らない電話番号からの着信があった時の行動を聞いたところ、「知らない番号には出ない」と答えた人が最も多く、約70%に上りました。特に考えたことが無いと答えた人は約20%と対策をしていない人も一定数いるようです。（複数回答）（n=325）

個人でできる迷惑電話などへの対策には限りがあると感じている人、約71%！

個人でできる迷惑電話などへの対策には限りがあると感じている人は約71%となり、大多数の人が課題に感じていることがわかりました。（n=325）

Ribbon Call Trust®について

Ribbon Call Trustは電話の発信者の身元を保証するためのソリューション(Identity Assurance Solution)です。過度なロボコールや詐欺電話を未然に防ぐため、発信者の意図と評判を把握することが重要となります。そのため、Reputationスコアの提供、アノマリー解析によるロボコール・詐欺電話の検知、STIR/SHAKENサービス(Caller ID認証、署名、検証)、ブロッキング、暗号化、CAC、ポリシルーティング、CVT(Call Validation Treatment)などの機能を提供しています。Ribbon Call Trustは米国やカナダを中心にSTIR/SHAKENが義務化されているフランスなどを含めた通信事業者で幅広く利用されています。

外部の詐欺情報データベース、通信事業者独自のデータベース、アナリティクスによる統計情報など複数のデータソースからML(Machine Learning)を活用して総合的にロボコールの評価スコア(Reputation Score)をリアルタイムに提供することで通信事業者がロボコールや詐欺の可能性が高いと判断した呼に対しては、アナウンス接続、CAPTCHA認証起動、呼切断等の適切なCVT(Call Validation Treatment)を実施することを可能とします。

Ribbon Call Trust®公式サイト

https://learn.rbbn.com/jp/identity-assurance

Ribbon Communicationsについて

Ribbon Communications (Nasdaq: RBBN)は、通信ソフトウェア、IPおよびオプティカルネットワーキングソリューションを世界中のサービスプロバイダー、エンタープライズ企業、重要インフラ部門に提供しています。Ribbon Communicationsはお客様との密接な関係性を通じて、常時接続とデータ活用が必須とされる現在のスマートな環境において、お客様がより競争力のあるポジショニングを確保し、ビジネスの結果につなげられるよう、ネットワーク最適化を支援しています。当社の革新的なエンドツーエンドのソリューションポートフォリオは、コアからエッジに至るまでのソフトウェアによるソリューション、クラウド環境を通じたサービス提供、最先端のセキュリティおよび分析ツール、5G向けのIPおよびオプティカルネットワーキングソリューションなど、他社にはないスケール、パフォーマンス、アジリティで提供します。また当社は環境、社会、ガバナンス（ESG）への貢献を重要視し、ステークホルダーの皆様に毎年サステイナビリティレポートを提供しています。Ribbonの詳細については、rbbn.com.（英語サイト）をご覧ください。

日本語公式サイト https://learn.rbbn.com/jp

将来的な見通しに関する記述に関する重要な情報

本リリース内の情報には、リスクと不確実性を伴う未来の出来事に関する将来的な見通しについての記述が含まれています。このリリースに含まれる歴史的事実以外のすべての記述は、リボン・コミュニケーション社の製品の使用から期待される利点に関する記述を含め、将来的な見通しに関する記述です。リボン・コミュニケーションズ社の実際の結果は、将来的な見通しに関する記述で想定されているものと大きく異なる可能性があります。リボン・コミュニケーションズ社の事業に関連するリスクと不確実性に関する詳細については、SEC に提出されたリボン・コミュニケーションズの最新の年次報告書または四半期報告書内の「リスク要因」セクションを参照してください。将来的な見通しに関する記述は、当該記述が行われた日時点におけるリボン・コミュニケーションズ社の見解のみを表すものであり、それ以降の日付におけるリボン・コミュニケーションズ社の見解を表すものとして信頼されるべきではありません。リボン・コミュニケーションズ社は将来的な見通しに関する記述をある時点で更新する場合がありますが、リボン・コミュニケーションズはその義務を負わないものとします。

＜本件に関するお問い合わせ先＞

リボン・コミュニケーションズ広報事務局（共同ピーアール株式会社内）担当：菅野、大塚、菊地

TEL：03-6260-4856 E-mail：ribbon-pr@kyodo-pr.co.jp

Ribbon Communications Inc. Reports Third Quarter 2024 Financial Results

dedmonds — Wed, 23 Oct 2024 18:16:55 +0000

Strong Profitability Exceeds Expectations

Cloud & Edge Revenue Grew 11% YoY and 16% QoQ

October 23, 2024

PLANO, Texas , /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the third quarter of 2024.

Revenue for the third quarter of 2024 was $210 million, compared to $203 million for the third quarter of 2023 and $193 million for the second quarter of 2024. GAAP Loss from Operations was ($1 million) while Non-GAAP Adjusted EBITDA improved to $30 million, or 14% of sales, in the third quarter 2024. GAAP and Non-GAAP Gross Margins were strong at 52% and 55%, respectively.

"I am very pleased with our financial performance in the third quarter with overall sales growing 3.5% year over year, led by strong growth in our Cloud & Edge secure communications business. Gross Margin exceeded expectations with a positive mix of product sales and good execution from our Professional Services team, resulting in profitability at the high end of our guidance range," stated Bruce McClelland, President and Chief Executive Officer of Ribbon Communications.

Mr. McClelland added, "We expect this momentum to continue into the fourth quarter and into 2025 as we continue to ramp voice modernization programs with Verizon and multiple other carriers, execute on new awards with U.S. Federal Defense agencies, and to grow the U.S. rural broadband segment. Our guidance for the fourth quarter projects year-over-year sales growth of 8% at the midpoint, reflecting all of these trends along with seasonal strength in Enterprise."

Financial Highlights¹

	Three months ended		Nine months ended
	September 30,		September 30,
*In millions, except per share amounts*	2024	2023	2024	2023
GAAP Revenue	$ 210	$ 203	$ 583	$ 600
GAAP Net income (loss)	$ (13)	$ (14)	$(61)	$ (73)
Non-GAAP Net income (loss)	$ 8	$ 9	$ 16	$ 14
Non-GAAP Adjusted EBITDA	$ 30	$ 28	$ 63	$ 48
GAAP diluted earnings (loss) per share	$ (0.08)	$ (0.08)	$ (0.35)	$ (0.43)
Non-GAAP diluted earnings (loss) per share	$ 0.05	$ 0.05	$ 0.09	$ 0.08
Weighted average shares outstanding basic	175	171	174	170
Weighted average shares outstanding diluted	177	176	176	176
¹ Please see the reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures and additional information about non-GAAP measures in the section entitled "Discussion of Non-GAAP Financial Measures" in the attached schedules.

"I am very excited to be joining Ribbon at this inflection point in the business and look forward to applying my telecom experience at Verizon and Vodafone to the supplier side of the ecosystem. Ribbon plays an important role in the implementation and support of strategic communication services across many of the largest and most sensitive networks in the world and has a great opportunity to substantially grow its presence and generate shareholder value," said John Townsend, Chief Financial Officer of Ribbon Communications effective November 1, 2024.

Business Outlook²
For the fourth quarter of 2024, the Company expects sequential growth in both of our businesses with revenue in a range of $235 million to $255 million. Non-GAAP gross margin is projected in a range of 55.5% to 56%. Adjusted EBITDA is projected in a range of $46 million to $52 million.

The Company's outlook is based on current indications for its business, which are subject to change.

² GAAP earnings guidance is not provided. Please see the reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures and additional information about the non-GAAP measures in the section entitled "Discussion of Non-GAAP Financial Measures" in the attached schedules.

Upcoming Conference Schedule

November 19, 2024: 18^th Annual Needham Security, Networking, and Communications Conference

About Ribbon
Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G and broadband internet. We maintain a keen focus on our commitments to Environmental, Social and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon visit rbbn.com.

Important Information Regarding Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties. All statements other than statements of historical facts contained in this release, including without limitation, statements regarding the Company's projected financial results for the fourth quarter of 2024 and beyond; market share growth; increases in shareholder value; plans and objectives for future operations, including cost reductions; the impact of the wars in Israel and Ukraine; customer spending and engagement and momentum; and plans for future product development and manufacturing and the expected benefits therefrom, are forward-looking statements. Without limiting the foregoing, the words "anticipates", "believes", "could", "estimates", "expects", "expectations", "intends", "may", "plans", "projects" and other similar language, whether in the negative or affirmative, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are unknown and/or difficult to predict and that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, unpredictable fluctuations in quarterly revenue and operating results; the impact of restructuring and cost-containment activities; increases in tariffs, trade restrictions or taxes on the Company's products; supply chain disruptions resulting from component availability and/or geopolitical instabilities and disputes (including those related to the wars in Israel and Ukraine); the closure, on a temporary basis, of the Company's offices or those of the Company's contract manufacturer in Israel as a result of the war and the impact of military call-ups of the Company's employees in Israel; material litigation; the impact of fluctuations in interest rates; material cybersecurity and data intrusion incidents, including any security breaches resulting in the theft, transfer, or unauthorized disclosure of customer, employee, or Company information; the Company's ability to comply with applicable domestic and foreign information security and privacy laws, regulations and technology platform rules or other obligations related to data private and security; failure to compete successfully against telecommunications equipment and networking companies; failure to grow the Company's customer base or generate recurring business from existing customers; credit risks; the timing of customer purchasing decisions and the Company's recognition of revenues; macroeconomic conditions, including inflation; the ability to adapt to rapid technological and market changes; the ability to generate positive returns on the Company's research and development; the ability to protect Company intellectual property rights and obtain necessary licenses; the ability to maintain partner, reseller, distribution and vendor support and supply relationships; the potential for defects in the Company's products; risks related to the terms of the Company's credit agreement; higher risks in international operations and markets; currency fluctuations; unanticipated averse changes in legal, regulatory or tax laws; future accounting pronouncements or changes in the Company's accounting policies; and/or failure or circumvention of the Company's controls and procedures. We therefore caution you against relying on any of these forward-looking statements.

These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect the Company's business and results from operations. Additional information regarding these and other factors can be found in the Company's reports filed with the Securities and Exchange Commission, including, without limitation, its Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by the Company in this release speaks only as of the date on which this release was first issued. The Company undertakes no obligation to update any forward-looking statement publicly or otherwise, whether as a result of new information, future developments or otherwise, except as required by law.

Discussion of Non-GAAP Financial Measures
The Company's management uses several different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of its business, making operating decisions, planning and forecasting future periods, and determining payments under compensation programs. The Company considers the use of non-GAAP financial measures helpful in assessing the core performance of its continuing operations and when planning and forecasting future periods. The Company's annual financial plan is prepared on a non-GAAP basis and is approved by its board of directors. In addition, budgeting and forecasting for revenue and expenses are conducted on a non-GAAP basis, and actual results on a non-GAAP basis are assessed against the annual financial plan. The Company defines continuing operations as the ongoing results of its business adjusted for certain expenses and credits, as described below. The Company believes that providing non-GAAP information to investors allows them to view the Company's financial results in the way its management views them and helps investors to better understand the Company's core financial and operating performance and evaluate the efficacy of the methodology and information used by its management to evaluate and measure such performance.

While the Company's management uses non-GAAP financial measures as tools to enhance its understanding of certain aspects of the Company's financial performance, management does not consider these measures to be a substitute for, or superior to, GAAP measures. In addition, the Company's presentations of these measures may not be comparable to similarly titled measures used by other companies. These non-GAAP financial measures should not be considered alternatives for, or in isolation from, the financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures. In particular, many of the adjustments to the Company's financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future.

Stock-Based Compensation
The expense related to stock-based awards is generally not controllable in the short-term and can vary significantly based on the timing, size and nature of awards granted. The Company believes that presenting non-GAAP operating results that exclude stock-based compensation provides investors with visibility and insight into its management's method of analysis and its core operating performance.

Amortization of Acquired Technology (including software licenses); Amortization of Acquired Intangible Assets
Amortization amounts are inconsistent in frequency and amount and are significantly impacted by the timing and size of acquisitions. Amortization of acquired technology is reported separately within Cost of revenue and Amortization of acquired intangible assets is reported separately within Operating expenses. These items are reported collectively as Amortization of acquired intangible assets in the accompanying reconciliations of non-GAAP and GAAP financial measures. The Company believes that excluding non-cash amortization of these intangible assets facilitates the comparison of its financial results to its historical operating results and to other companies in its industry as if the acquired intangible assets had been developed internally rather than acquired.

Litigation Costs
In connection with certain ongoing litigation where Ribbon is the defendant (as described in Note 26 to the Company's Consolidated Financial Statements included in its Annual Report on Form 10-K for the year ended December 31, 2023), the Company has incurred litigation costs beginning in 2023. Also, on October 14, 2024, a settlement in principle was reached on one of these legal matters and the Company accrued the $5 million settlement in the third quarter of 2024. These costs are included as a component of general and administrative expense. The Company believes that such costs are not part of its core business or ongoing operations, are unplanned, and generally are not within its control. Accordingly, the Company believes that excluding litigation costs related to these specific legal matters facilitates the comparison of the Company's financial results to its historical operating results and to other companies in its industry.

Acquisition-, Disposal- and Integration-Related
The Company considers certain acquisition-, disposal- and integration-related costs to be unrelated to the organic continuing operations of the Company and its acquired businesses. Such costs are generally not relevant to assessing or estimating the long-term performance of the acquired assets. The Company excludes such acquisition-, disposal- and integration-related costs to allow more accurate comparisons of its financial results to its historical operations and the financial results of less acquisitive peer companies and allows management and investors to consider the ongoing operations of the business both with and without such expenses.

Restructuring and Related
The Company has recorded restructuring and related expense to streamline operations and reduce operating costs by closing and consolidating certain facilities and reducing its worldwide workforce. The Company believes that excluding restructuring and related expense facilitates the comparison of its financial results to its historical operating results and to other companies in its industry, as there are no future revenue streams or other benefits associated with these costs.

Preferred Stock and Warrant Liability Mark-to-Market Adjustment
The Company recorded adjustments to the fair value of its Series A Preferred Stock and Warrants to purchase shares of the Company's common stock in Other (expense) income, net. Both of these instruments were issued in March 2023 in connection with the Company's private placement and have been classified as liabilities and marked to market each reporting period until the Series A Preferred Stock was fully redeemed on June 25, 2024. The Warrant liability remains outstanding and will continue to be marked to market each reporting period. The Company excluded these gains and losses from the change in the fair value of these liabilities because it believes that such gains or losses were not part of its core business or ongoing operations.

Tax Effect of Non-GAAP Adjustments
The Non-GAAP income tax provision is presented based on an estimated tax rate applied against forecasted annual non-GAAP income. The Non-GAAP income tax provision assumes no available net operating losses or valuation allowances for the U.S. because of reporting significant cumulative non-GAAP income over the past several years. The Company is reporting its non-GAAP quarterly income taxes by computing an annual rate for the Company and applying that single rate (rather than multiple rates by jurisdiction) to its consolidated quarterly results. The Company expects that this methodology will provide a consistent rate throughout the year and allow investors to better understand the impact of income taxes on its results. Due to the methodology applied to its estimated annual tax rate, the Company's estimated tax rate on non-GAAP income will differ from its GAAP tax rate and from its actual tax liabilities.

Adjusted EBITDA
The Company uses Adjusted EBITDA as a supplemental measure to review and assess its performance. The Company calculates Adjusted EBITDA by excluding from income (loss) from operations: depreciation; stock-based compensation; amortization of acquired intangible assets; certain litigation costs; acquisition-, disposal- and integration-related expense; and restructuring and related expense. In general, the Company excludes the expenses that it considers to be non-cash and/or not a part of its ongoing operations. The Company may exclude other items in the future that have those characteristics. Adjusted EBITDA is a non-GAAP financial measure that is used by the investing community for comparative and valuation purposes. The Company discloses this metric to support and facilitate dialogue with research analysts and investors. Other companies may calculate Adjusted EBITDA differently than the Company does, limiting its usefulness as a comparative measure.

Conference Call Details:
Conference call to discuss the Company's financial results for the third quarter ended September 30, 2024.

Date: Wednesday, October 23, 2024
Time: 4:30 p.m. (ET)

Dial-In Information:
US/Canada: 877-407-2991
International: 201-389-0925
Instant Telephone Access: Call me™

Live (Listen-Only) Webcast:
Available via the Investor Relations website, where a replay will also be available shortly following the conference call.

For more details on financial results, please visit investors.ribboncommunications.com.

Investor Relations
+1 (978) 614-8050
ir@rbbn.com

Media Contact
Catherine Berthier
+1 (646) 741-1974
cberthier@rbbn.com

RIBBON COMMUNICATIONS INC.
Consolidated Statements of Operations
(in thousands, except percentages and per share amounts)
(unaudited)


			Three months ended
			September 30,	June 30,	September 30,
			2024	2024	2023
Revenue:
	Product		$ 112,151	$ 99,133	$ 108,501
	Service		98,087	93,487	94,660
		Total revenue	210,238	192,620	203,161

Cost of revenue:
	Product		59,405	54,845	59,436
	Service		34,893	33,376	33,065
	Amortization of acquired technology		6,323	6,532	7,157
		Total cost of revenue	100,621	94,753	99,658

Gross profit			109,617	97,867	103,503

Gross margin			52.1 %	50.8 %	50.9 %

Operating expenses:
	Research and development		45,645	43,489	46,229
	Sales and marketing		33,060	32,984	32,795
	General and administrative		21,588	14,901	12,885
	Amortization of acquired intangible assets		6,457	6,508	7,216
	Acquisition-, disposal- and integration-related		-	-	842
	Restructuring and related		3,794	1,920	2,680
		Total operating expenses	110,544	99,802	102,647

Income (loss) from operations			(927)	(1,935)	856
Interest expense, net			(11,952)	(3,879)	(7,143)
Other (expense) income, net			1,056	(9,503)	(2,620)

Income (loss) before income taxes			(11,823)	(15,317)	(8,907)
Income tax benefit (provision)			(1,599)	(1,499)	(4,594)

Net income (loss)			$ (13,422)	$ (16,816)	$ (13,501)

Earnings (loss) per share:
	Basic		$ (0.08)	$ (0.10)	$ (0.08)
	Diluted		$ (0.08)	$ (0.10)	$ (0.08)

Weighted average shares used to compute earnings (loss) per share:
	Basic		174,613	173,793	171,190
	Diluted		174,613	173,793	171,190

RIBBON COMMUNICATIONS INC.
Consolidated Statements of Operations
(in thousands, except percentages and per share amounts)
(unaudited)


			Nine months ended
			September 30,	September 30,
			2024	2023
Revenue:
	Product		$ 298,894	$ 319,166
	Service		283,628	280,772
		Total revenue	582,522	599,938

Cost of revenue:
	Product		160,044	189,426
	Service		103,633	102,152
	Amortization of acquired technology		19,406	21,985
		Total cost of revenue	283,083	313,563

Gross profit			299,439	286,375

Gross margin			51.4 %	47.7 %

Operating expenses:
	Research and development		134,897	145,309
	Sales and marketing		100,760	102,099
	General and administrative		51,680	41,276
	Amortization of acquired intangible assets		19,671	21,740
	Acquisition-, disposal- and integration-related		-	2,982
	Restructuring and related		8,779	13,924
		Total operating expenses	315,787	327,330

Income (loss) from operations			(16,348)	(40,955)
Interest expense, net			(21,818)	(20,331)
Other (expense) income, net			(15,960)	(536)

Income (loss) before income taxes			(54,126)	(61,822)
Income tax benefit (provision)			(6,473)	(11,463)

Net income (loss)			$ (60,599)	$ (73,285)

Earnings (loss) per share:
	Basic		$ (0.35)	$ (0.43)
	Diluted		$ (0.35)	$ (0.43)

Weighted average shares used to compute earnings (loss) per share:
	Basic		173,615	169,955
	Diluted		173,615	169,955

RIBBON COMMUNICATIONS INC.
Consolidated Balance Sheets
(in thousands)
(unaudited)


				September 30,	December 31,
				2024	2023
Assets
Current assets:
	Cash and cash equivalents			$ 37,240	$ 26,494
	Restricted cash			2,853	136
	Accounts receivable, net			249,183	268,421
	Inventory			77,316	77,521
	Other current assets			49,987	46,146
		Total current assets		416,579	418,718

Property and equipment, net				48,782	41,820
Intangible assets, net				199,322	238,087
Goodwill				300,892	300,892
Deferred income taxes				84,472	69,761
Operating lease right-of-use assets				30,732	39,783
Other assets				33,980	35,092
				$ 1,114,759	$ 1,144,153

Liabilities and Stockholders' Equity
Current liabilities:
	Current portion of term debt			$ 4,813	$ 35,102
	Accounts payable			78,939	85,164
	Accrued expenses and other			102,942	91,687
	Operating lease liabilities			10,644	15,739
	Deferred revenue			95,761	113,381
		Total current liabilities		293,099	341,073

Long-term debt, net of current				332,428	197,482
Warrant liability				5,587	5,295
Preferred stock liability				-	53,337
Operating lease liabilities, net of current				33,249	38,711
Deferred revenue, net of current				16,751	19,218
Deferred income taxes				5,616	5,616
Other long-term liabilities				32,495	30,658
			Total liabilities	719,225	691,390

Commitments and contingencies

Stockholders' equity:
	Common stock			17	17
	Additional paid-in capital			1,967,952	1,958,909
	Accumulated deficit			(1,580,549)	(1,519,950)
	Accumulated other comprehensive income			8,114	13,787
			Total stockholders' equity	395,534	452,763
				$ 1,114,759	$ 1,144,153

RIBBON COMMUNICATIONS INC.
Consolidated Statements of Cash Flows
(in thousands)
(unaudited)


					Nine months ended
					September 30,	September 30,
					2024	2023
Cash flows from operating activities:
	Net income (loss)				$ (60,599)	$ (73,285)
	Adjustments to reconcile net income (loss) to cash flows provided by (used in) operating activities:
		Depreciation and amortization of property and equipment			10,131	10,603
		Amortization of intangible assets			39,077	43,725
		Amortization of debt issuance costs and original issue discount			4,137	2,517
		Amortization of accumulated other comprehensive gain related to interest rate swap			(8,196)	(3,818)
		Stock-based compensation			12,061	16,914
		Deferred income taxes			(14,614)	(3,617)
		Gain on sale of swap			-	(7,301)
		Change in fair value of warrant liability			292	(444)
		Change in fair value of preferred stock liability			8,091	(572)
		Dividends accrued on preferred stock liability			2,743	2,573
		Payment of dividends accrued on preferred stock liability			(6,686)	-
		Foreign currency exchange (gains) losses			1,357	1,174
		Changes in operating assets and liabilities:
			Accounts receivable		18,896	31,345
			Inventory		(1,630)	(4,327)
			Other operating assets		9,456	27,785
			Accounts payable		(7,580)	(22,276)
			Accrued expenses and other long-term liabilities		1,624	(16,255)
			Deferred revenue		(20,087)	(7,793)
				Net cash provided by (used in) operating activities	(11,527)	(3,052)

Cash flows from investing activities:
	Purchases of property and equipment				(14,428)	(6,620)
	Purchases of software licenses				(462)	-
				Net cash provided by (used in) investing activities	(14,890)	(6,620)

Cash flows from financing activities:
	Borrowings under revolving line of credit				44,106	67,000
	Principal payments on revolving line of credit				(44,106)	(57,000)
	Proceeds from issuance of term debt				342,300	-
	Principal payments of term debt				(236,270)	(90,044)
	Payment of debt issuance costs				(5,985)	(1,572)
	Proceeds from issuance of preferred stock and warrant liabilities				-	53,350
	Payment of preferred stock liability				(56,850)	-
	Proceeds from the exercise of stock options				17	15
	Payment of tax obligations related to vested stock awards and units				(3,035)	(3,912)
				Net cash provided by (used in) financing activities	40,177	(32,163)

Effect of exchange rate changes on cash and cash equivalents					(297)	(926)

Net increase (decrease) in cash and cash equivalents					13,463	(42,761)
Cash, cash equivalents and restricted cash, beginning of year					26,630	67,262
Cash, cash equivalents and restricted cash, end of period					$ 40,093	$ 24,501

RIBBON COMMUNICATIONS INC.
Supplemental Information
(in thousands)
(unaudited)


The following tables provide the details of stock-based compensation included as components of other line items in the Company's Consolidated Statements of Operations and the line items in which these amounts are reported.


			Three months ended			Nine months ended
			September 30,	June 30,	September 30,	September 30,	September 30,
			2024	2024	2023	2024	2023
Stock-based compensation
Cost of revenue - product			$ 64	$ 64	$ 121	$ 234	$ 385
Cost of revenue - service			291	274	536	1,037	1,597
	Cost of revenue		355	338	657	1,271	1,982

Research and development			745	616	1,259	2,429	3,821
Sales and marketing			1,108	954	1,402	3,219	5,673
General and administrative			1,837	1,586	1,632	5,142	5,438
	Operating expense		3,690	3,156	4,293	10,790	14,932

		Total stock-based compensation	$ 4,045	$ 3,494	$ 4,950	$ 12,061	$ 16,914

RIBBON COMMUNICATIONS INC.
Reconciliation of Non-GAAP and GAAP Financial Measures
(in thousands, except per share amounts)
(unaudited)


	Three months ended
	September 30,	June 30,	September 30,
	2024	2024	2023

GAAP Gross margin	52.1 %	50.8 %	50.9 %
Stock-based compensation	0.2 %	0.2 %	0.3 %
Amortization of acquired technology	3.0 %	3.4 %	3.6 %
Non-GAAP Gross margin	55.3 %	54.4 %	54.8 %

GAAP Net income (loss)	$ (13,422)	$ (16,816)	$ (13,501)
Stock-based compensation	4,045	3,494	4,950
Amortization of intangible assets	12,780	13,040	14,373
Litigation costs	6,896	1,768	478
Acquisition-, disposal- and integration-related	-	-	842
Restructuring and related	3,794	1,920	2,680
Preferred stock and warrant liability mark-to-market adjustment	(583)	8,210	148
Tax effect of non-GAAP adjustments	(5,024)	(3,095)	(615)
Non-GAAP Net income (loss)	$ 8,486	$ 8,521	$ 9,355

GAAP Diluted earnings (loss) per share	$ (0.08)	$ (0.10)	$ (0.08)
Stock-based compensation	0.02	0.02	0.03
Amortization of intangible assets	0.08	0.08	0.08
Litigation costs	0.04	0.01	*
Acquisition-, disposal- and integration-related	-	-	*
Restructuring and related	0.02	0.01	0.02
Preferred stock and warrant liability mark-to-market adjustment	*	0.05	*
Tax effect of non-GAAP adjustments	(0.03)	(0.02)	*
Non-GAAP Diluted earnings (loss) per share	$ 0.05	$ 0.05	$ 0.05

Weighted average shares used to compute diluted earnings (loss) per share
Shares used to compute GAAP diluted earnings (loss) per share	174,613	173,793	171,190
Shares used to compute Non-GAAP diluted earnings (loss) per share	177,028	176,246	176,298

GAAP Income (loss) from operations	$ (927)	$ (1,935)	$ 856
Depreciation	3,361	3,376	3,544
Stock-based compensation	4,045	3,494	4,950
Amortization of intangible assets	12,780	13,040	14,373
Litigation costs	6,896	1,768	478
Acquisition-, disposal- and integration-related	-	-	842
Restructuring and related	3,794	1,920	2,680
Non-GAAP Adjusted EBITDA	$ 29,949	$ 21,663	$ 27,723

* Less than $0.01 impact on earnings (loss) per share.

RIBBON COMMUNICATIONS INC.
Reconciliation of Non-GAAP and GAAP Financial Measures
(in thousands, except per share amounts)
(unaudited)


	Nine months ended
	September 30,	September 30,
	2024	2023

GAAP Gross Margin	51.4 %	47.7 %
Stock-based compensation	0.2 %	0.3 %
Amortization of acquired technology	3.4 %	3.7 %
Non-GAAP Gross Margin	55.0 %	51.7 %

GAAP Net income (loss)	$ (60,599)	$ (73,285)
Stock-based compensation	12,061	16,914
Amortization of intangible assets	39,077	43,725
Litigation costs	9,615	769
Acquisition-, disposal- and integration-related	-	2,982
Restructuring and related	8,779	13,924
Preferred stock and warrant liability mark-to-market adjustment	11,126	1,558
Preferred stock and warrant liability issuance costs	-	3,545
Tax effect of non-GAAP adjustments	(4,148)	4,144
Non-GAAP Net income (loss)	$ 15,911	$ 14,276

GAAP Diluted earnings (loss) per share	$ (0.35)	$ (0.43)
Stock-based compensation	0.07	0.10
Amortization of intangible assets	0.23	0.26
Litigation costs	0.05	*
Acquisition-, disposal- and integration-related	-	0.02
Restructuring and related	0.05	0.08
Preferred stock and warrant liability mark-to-market adjustment	0.06	0.01
Preferred stock and warrant liability issuance costs	-	0.02
Tax effect of non-GAAP adjustments	(0.02)	0.02
Non-GAAP Diluted earnings (loss) per share	$ 0.09	$ 0.08

Weighted average shares used to compute diluted earnings (loss) per share
Shares used to compute GAAP diluted earnings (loss) per share	173,615	169,955
Shares used to compute Non-GAAP diluted earnings (loss) per share	176,416	175,986

GAAP Income (loss) from operations	$ (16,348)	$ (40,955)
Depreciation	10,131	10,603
Stock-based compensation	12,061	16,914
Amortization of intangible assets	39,077	43,725
Litigation costs	9,615	769
Acquisition-, disposal- and integration-related	-	2,982
Restructuring and related	8,779	13,924
Non-GAAP Adjusted EBITDA	$ 63,315	$ 47,962

* Less than $0.01 impact on earnings (loss) per share.

RIBBON COMMUNICATIONS INC.
Reconciliation of Non-GAAP and GAAP Financial Measures
(in thousands)
(unaudited)


		Trailing Twelve Months
	September 30,	June 30,	September 30,
	2024	2024	2023

GAAP Income (loss) from operations	$ 322	$ 2,105	$ (39,690)
Depreciation	13,633	13,816	14,210
Stock-based compensation	16,953	17,858	22,126
Amortization of intangible assets	52,243	53,836	58,694
Litigation costs	10,153	3,735	769
Acquisition-, disposal- and integration-related	1,494	2,336	4,896
Restructuring and related	11,064	9,950	15,780
Non-GAAP Adjusted EBITDA	$ 105,862	$ 103,636	$ 76,785

RIBBON COMMUNICATIONS INC.
Reconciliation of Non-GAAP and GAAP Financial Measures - Outlook
(unaudited)



			Three months ending		Year ending
			December 31, 2024		December 31, 2024
			Midpoint ⁽¹⁾	Range	Midpoint ⁽¹⁾	Range

Revenue ($ millions)			$ 245	+/- $10M	$ 828	+/- $10M

Gross margin:
	GAAP outlook		53.30 %		52.00 %
	Stock-based compensation		0.20 %		0.20 %
	Amortization of acquired technology		2.25 %		3.00 %
		Non-GAAP outlook	55.75 %	+/- 0.25%	55.20 %	+/- 0.1%

Adjusted EBITDA ($ millions):
	GAAP income (loss) from operations		$ 26.9		$ 10.4
	Depreciation		3.5		13.6
	Stock-based compensation		4.1		16.2
	Amortization of intangible assets		11.8		50.8
	Litigation costs		1.4		11.0
	Restructuring and related		1.3		10.0
		Non-GAAP outlook	$ 49.0	+/- $3M	$ 112.0	+/- $3M


	(1) Q4 2024 and FY 2024 outlook represents the midpoint of the expected ranges

ニューズウィーク誌、「2025年アメリカで最も環境に優しい企業」にリボンを選出 7年前倒しで排出削減目標を達成するなど、サステナビリティに関する主要目標の達成が評価

dedmonds — Tue, 22 Oct 2024 14:02:25 +0000

October 22, 2024

「この賞は、チームの素晴らしい功績を称えるものであり、サステナビリティへの継続的な注力を明確にするものです」と最高法務責任者(CLO)兼執行副社長(EVP)パトリック・マッケン（Patrick Macken）は述べています。「特に誇りに思っているのは、6年間で電力消費量を26％削減し、再生可能エネルギーによる電力消費量を全電力使用量の10％まで押し上げることで、排出量削減目標を7年早く達成したことです」。

リボンの最近のサステナビリティに関する実績には、以下の点が挙げられます：

スコープ1+2のCO2e排出量を2018年比で33%削減、目標を7年前倒しで上回った
埋立地に送られる廃棄物の割合を2022年比で17%削減
最適化されていないオペレーションと比較して、設備と研究室のスペースを累積で90%削減
2023年にEcoVadisのサステナビリティ評価でシルバーランクを獲得し、情報通信技術セクターの同業他社でリボンは上位16%に入りを果たした

ニューズウィーク誌とプラント・エー・インサイト・グループがGISTインパクトと共同で作成したこのリストは、欧州連合（EU）が定めた最低基準を満たす、米国の公共および民間組織の公開データの調査と分析に基づいています。

Ribbon Communicationsについて

日本語公式サイト https://learn.rbbn.com/jp

将来的な見通しに関する記述に関する重要な情報

＜本件に関するお問い合わせ先＞

リボン・コミュニケーションズ広報事務局（共同ピーアール株式会社内）担当：菅野、大塚、菊地

TEL：03-6260-4856 E-mail：ribbon-pr@kyodo-pr.co.jp

リボンのJITCおよびFIPS準拠ソリューションが、アメリカ国防情報システム局の音声近代化を委託

pleininger — Fri, 18 Oct 2024 22:02:03 +0000

シームレスな移行により、セキュリティと機能が向上

October 21, 2024

リアルタイムコミュニケーション技術とIPオプティカルネットワーキングソリューションの世界的なプロバイダーとして、世界最大級のサービスプロバイダーや重要インフラ事業者など多くの企業のネットワークの維持・最適化を実現するRibbon Communications Inc.（アメリカ、テキサス、日本法人：リボン・コミュニケーションズ株式会社）は10日、アメリカ国防総省情報サービス局(DISA)のソフト・スイッチ・バックボーン(SSBB)RFPの技術プロバイダーとしてValidaTek, Inc.に選定されたことを発表しました。SSBBは、米国防総省の全支部・機関にグローバルで安全かつ回復力のあるミッションクリティカルな音声通信インフラを提供する役割を担います。

Ribbonは、DISAの通信ネットワークの近代化とセキュリティ確保を支援する最先端の音声通信インフラコンポーネントを提供しており、運用コストを削減しながらサイバーセキュリティの脆弱性を低減します。

「防衛コミュニティは、セキュリティの脅威が激化し続ける環境に直面しており、従来の電話システムや通信機器では対応しきれません」連邦市場担当副社長であるビル・グラブナー（Bill Grabner）は述べています。「リボンは、米軍の4部門すべてと世界中の主要な防衛組織に導入されています。政府の厳しい義務や独自の導入ニーズに沿って、実証された最新の機能とセキュリティの向上を提供する、最新の通信インフラへの移行サービス提供しています」

リボンはTyto Atheneと提携し、ValidaTekのこのグローバルな技術展開をサポートします。

Ribbon Communicationsについて

日本語公式サイト https://learn.rbbn.com/jp

将来的な見通しに関する記述に関する重要な情報

＜本件に関するお問い合わせ先＞

リボン・コミュニケーションズ広報事務局（共同ピーアール株式会社内）担当：菅野、大塚、菊地

TEL：03-6260-4856 E-mail：ribbon-pr@kyodo-pr.co.jp

Newsweek Names Ribbon To America’s Greenest Companies 2025

dedmonds — Tue, 15 Oct 2024 15:28:34 +0000

Award recognizes success in hitting key sustainability goals including meeting emissions reduction target 7 years early

October 16, 2024

Plano, TX – Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world’s largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, announced that it has been named to Newsweek’s 2025 list of America’s Greenest Companies.

“This award celebrates the team’s tremendous work and highlights our continued focus on sustainability,” said Patrick Macken, CLO and EVP, Ribbon. “One particular point of pride is to have achieved our emissions reduction target seven years early, facilitated by a deliberate 26% cut in electricity consumption over six years and boosting our renewable electricity consumption to 10% of our total electricity use.”

Ribbon’s recent sustainability achievements include:

33% reduction in Scope 1+2 CO2e emissions compared to 2018, exceeding our target 7 years ahead of schedule.
17% reduction in the rate of waste sent to landfills compared to 2022
90% cumulative reduction in equipment and laboratory space compared to non-optimized operations
EcoVadis Silver Sustainability Rating in 2023 placing Ribbon in the top 16%of our peer companies in the Information and Communications Technology sector

Designed by Newsweek and Plant-A Insights Group in collaboration with GIST Impact, the list is based on research and analysis of public data of organizations both public and private in the USA that meet the minimum standards set by the European Union.

About Ribbon

Important Information Regarding Forward-Looking Statements

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

Ribbon Communications Announces Inducement Equity Grants to John Townsend Under Nasdaq Listing Rule 5635(c)(4)

dedmonds — Tue, 15 Oct 2024 14:07:27 +0000

October 15, 2024

Plano, TX – Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world’s largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that, in connection with his appointment as Chief Financial Officer, the Board of Directors has awarded John Townsend, as inducement awards, sign-on equity grants consisting of one time-based vesting grant of restricted share units (“RSUs”) and two performance-based vesting grants of restricted share units (“PSUs”).

Subject to Mr. Townsend’s continued employment, 128,205 RSUs are eligible to vest on October 15, 2025, with an additional 102,564 vesting in four equal instalments through October 15, 2027. A grant of 230,769 PSUs (the “Financial Performance PSUs”) will vest based on the achievement of both (i) annual financial goals established by the Compensation Committee of Ribbon’s Board of Directors for the years ended December 31, 2025 through 2027 (60% weighting) and (ii) the relative total shareholder return on Ribbon’s common stock for the period from October 15, 2025 through December 31, 2027 compared to the relative shareholder return for the companies included in the Nasdaq Telecom Index over the same period (40% weighting), in both cases subject to Mr. Townsend’s continued employment. The vesting criteria and weighting of the Financial Performance PSUs are structured similar to the Company’s annual PSU grants and can vest up to 200% of the target amount awarded.. Additionally, a grant of 314,583 PSUs will vest based on both (i) the achievement of specified stock prices for Ribbon’s common stock and (ii) the passage of time, subject to Mr. Townsend’s continued service with the Company. Upon vesting, the RSUs and PSUs will be settled in shares of Ribbon’s common stock.

The RSU and PSU awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4).

About Ribbon

Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G and broadband internet. We maintain a keen focus on our commitments to Environmental, Social and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon visit rbbn.com.

Important Information Regarding Forward-Looking Statements

The information in this release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties. All statements other than statements of historical facts contained in this release are forward-looking statements. Without limiting the foregoing, the words “believes”, “estimates”, “expects”, “expectations”, “intends”, “may”, “plans”, “projects” and other similar language, are intended to identify forward-looking statements. Forward-looking statements are based on the Company’s current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual results may differ materially from those contemplated in these forward-looking statements due to various risks, uncertainties and other important factors, including, among others, the effects of geopolitical instabilities and wars, including in Israel and Ukraine (and the impact of sanctions and trade restrictions imposed as a result thereof); unpredictable fluctuations in quarterly revenue and operating results; increases in tariffs, trade restrictions or taxes on the Company’s products; the impact of restructuring and cost-containment activities; operational disruptions at facilities located in Israel including as a result of military call-ups of the Company’s employees in Israel, closure of the offices there or the temporary or long-term closure of contract manufacturing in the region; the potential impact of litigation; risks related to supply chain disruptions, including as a result of component availability; risks resulting from higher interests rates and continued inflationary pressures; risks related to cybersecurity and data intrusion; failure to compete successfully against telecommunications equipment and networking companies; failure to grow the Company’s customer base or generate recurring business from existing customers; credit risks; the timing of customer purchasing decisions and the Company’s recognition of revenues; macroeconomic conditions, including inflation; market acceptance of the Company’s products and services; rapid technological and market change; the ability to protect Company intellectual property rights and obtain necessary licenses; the ability to maintain partner, reseller, distribution and vendor support and supply relationships; the potential for defects in the Company’s products; and currency fluctuations.

These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect the Company's business and results from operations. Additional information regarding these and other factors can be found in the Company's reports filed with the Securities and Exchange Commission, including, without limitation, its Form 10-K for the year ended December 31, 2023. In providing forward-looking statements, the Company expressly disclaims any obligation to update these statements publicly or otherwise, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

MC: Press Releases

Ribbon Completes Major Optical DWDM Deployment for Bharti Airtel

Ribbon Supercharges Diabolocom’s AI-Powered Cloud Contact Center Software With High Density, Low Power Data Center Interconnect

Pioneer Selects Ribbon for Optical Network Expansion

Ribbon Strengthens Commitment to Thai Market with Expanded Manufacturing

『ロボコール』を知らない人 約9割

リボン・コミュニケーションズ システム技術部シニアマネージャー 桑原良和のコメント

調査サマリー

調査概要

ロボコールを知らない人、約90%!

ロボコールを知っている人のうち、約85%の人は詐欺などに不正に使用されているケースを知っている

約42%の人はロボコールがかかってきた経験アリ！

■5人に1人は不審なロボコールの経験アリ！

不審なロボコールを経験した人のうち約94%は、その後かかってきた電話に対してネガティブな気持ちを抱いた

知らない電話番号からの着信があった時、約70%の人の対策方法は「知らない番号には出ない」

個人でできる迷惑電話などへの対策には限りがあると感じている人、約71%！

Ribbon Call Trust®について

Ribbon Communications Inc. Reports Third Quarter 2024 Financial Results

ニューズウィーク誌、「2025年アメリカで最も環境に優しい企業」にリボンを選出 7年前倒しで排出削減目標を達成するなど、サステナビリティに関する主要目標の達成が評価

リボンのJITCおよびFIPS準拠ソリューションが、アメリカ国防情報システム局の 音声近代化を委託

Newsweek Names Ribbon To America’s Greenest Companies 2025

Ribbon Communications Announces Inducement Equity Grants to John Townsend Under Nasdaq Listing Rule 5635(c)(4)

『ロボコール』を知らない人　約9割

リボン・コミュニケーションズシステム技術部シニアマネージャー　桑原良和のコメント

リボンのJITCおよびFIPS準拠ソリューションが、アメリカ国防情報システム局の音声近代化を委託