MC: Press Releases

Ribbon Selected to Provide Advanced Voice Network Platform and Services for Verizon

dedmonds — Tue, 23 Apr 2024 21:05:40 +0000

Multi-year program delivers significant cost efficiencies, technology advancements and environmental benefits

April 24, 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 plans for a major network modernization program with Verizon to retire legacy TDM switching platforms and replace their function with modern cloud-based technologies.

“Our continuous goal at Verizon is to provide the most advanced technologies for our customers while simultaneously improving our cost of operations and advance our sustainability efforts in power consumption,” said Eric Lia, Senior Vice President of Engineering at Verizon. “These network upgrades will allow us to rapidly decommission legacy central office equipment while improving overall quality and reliability of service, and reducing our environmental footprint.”

Verizon is leveraging Ribbon’s portfolio of Voice Products including the vC20 Call Controller, G5 Line Access Gateway, G6 Universal Media Gateway, virtual and Cloud-native Session Border Controllers, and other products which allows for the consolidation and replacement of equipment with energy efficient, software-centric platforms while maintaining full feature functionality.

“Service providers across the US are saddled with the regulatory, technical and financial risks that come from maintaining decades-old switching infrastructure that still supports services to millions of consumers and businesses in the US. In fact, our recent operator survey revealed that 64% of them consider this a major challenge,” said Evan Kirchheimer, Research VP, Telco and Service Provider Telecoms, Omdia. “With this announcement, Ribbon and Verizon are embarking on a transition to modern, virtual and cloud-based systems that help operators reduce risk and operational expense. This should allow them to focus more resources on innovation for both consumer and business customers.”

“Verizon has always been at the forefront of building the most advanced networks. A key part of this success is constantly looking for new innovative ways to provide their customers with the latest technologies. This new program significantly accelerates the ongoing work they are doing to modernize telecom infrastructure, and we are very excited to partner with Verizon providing products and migration services expertise,” said Bruce McClelland, Ribbon CEO. “We’re proud of our decades-long partnership and of our continued ability to deliver success-based transition models that drive digital adoption.”

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.

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 Communications to Report Second Quarter 2024 Financial Results on July 24, 2024

kjones — Thu, 11 Jul 2024 20:02:38 +0000

July 11, 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 it will report financial results for the second quarter of 2024 after the close of the market on Wednesday, July 24, 2024. Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m. ET to discuss the results.

The Company will offer a live, listen-only webcast of the conference call via the investor section of its website at investors.ribboncommunications.com, where a replay will also be available shortly following the conference call.

Conference call details

Date: Wednesday, July 24, 2024

Time: 4:30 p.m. ET

Dial-in number (Domestic): 877-407-2991

Dial-in number (International): 201-389-0925

Instant Telephone Access: Call me™

Replay information:

A telephone playback of the call will be available following the conference call until August 7, 2024 and can be accessed by calling 877-660-6853 or 201-612-7415 for international callers. The reservation number for the replay is 13747581.

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 visit rbbn.com.

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

リボン・コミュニケーションズ「Interop Tokyo 2024」に初出展

dedmonds — Wed, 26 Jun 2024 21:53:09 +0000

出展企業各社がコラボレーションする目玉企画、「ShowNet」にも参加！ COO 直下で製品に関わるファンクションを担う Drazen Lukic（ドラ―ゼン・ルキック）が来日

June 27, 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最適化ならびに保護を支援する 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、インターネット分野の最先端が集まる「Interop

Tokyo 2024」に初めて出展しました。本イベントは、6 月 12 日（水）～14 日（金）の３日間、幕張メッセで行われました。

また、本イベント出展に際し、リボン・コミュニケーションズは会場内にネットワークを構築するプロジェクト「ShowNet」に参加し、「Apollo 9600」を提供、400G/bps伝送のバックボーンを構成する要素として、重要な役割を担当しました。各社が約2,000の製品・サービスを持ち寄り、ボランティアとして集まった約700名のエンジニアがこのShowNetをデザインし、構築、運用までを行うという、大掛かりなプロジェクトです。

また、初日である6月12日（水）には、シニアバイスプレジデントテクノロジー & ソリューションズ IP オプティカルビジネスユニットの Drazen Lukic（ドラ―ゼン・ルキック）が会場を訪れました。ルキックは本イベントの出展に際し、「Ribbon Communications は日本を非常に重要なマーケットとして捉えています。InteroTokyoには初めて出展しますが、最新製品の展示などを通し、IP/光伝送のプロバイダーとして多くのお客様にRibbon Communicationsを認知していただくための素晴らしい機会となるよう、期待しています」とコメントを寄せています。

会期中は、出展ブース内にて「Apollo 9408」の実機を展示しました。本製品は、光トランスポートシステムで、データセンター間の高速大容量接続に最適な、業界最高水準の高密度実装を実現するコンパクトモジュラー型システムです。また、IPルーティングシステムの「Neptune 2100」、「Neptune 2300」も実機を展示しました。「Neptune 2100」は薄型の1RUフォームファクタで、800Gのノンブロッキング・スイッチング容量と1G/10G/25G/50F/100G/200Gおよび400Gインタフェースを提供します。「Neptune 2300」は、IP/MPLS、MPLS-TP、SR-TE、IPoDWDMをサポートし、サービスごとに適切なIP転送技術を使用しサポートします。

■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

＜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

≪出展概要≫

・日程：2024 年 6 月 12 日（水）～14 日（金）

・時間：10:00～18:00（最終日のみ 17:00 終了）

・ブース番号：6D24

■Interop Tokyo 2024公式サイト: https://www.interop.jp/

Ribbon Communications Inc. Announces Closing of New $385 Million Senior Secured Credit Facility

dedmonds — Fri, 21 Jun 2024 16:06:51 +0000

Proceeds will be used to repay outstanding debt under current credit facility and to redeem Series A Preferred Stock

June 21, 2024

Plano, TX – Ribbon Communications Inc. (Nasdaq: RBBN) (“Ribbon”), 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 it has completed the previously announced $385 million senior secured credit facility (the “2024 Credit Facility”) comprised of a $350 million term loan and a $35 million revolving credit facility. Proceeds from the term loan under the 2024 Credit Facility will be used to refinance the prior credit facility, redeem in full Ribbon’s outstanding Series A Preferred Stock and pay fees, costs and expenses related to the 2024 Credit Facility. Excess proceeds from the term loan will be used for working capital and other general corporate purposes.

Loans under the 2024 Credit Facility will mature on June 21, 2029. The loans will initially bear interest at a rate per annum equal to SOFR plus 6.25%. After Ribbon delivers the financial statements for the fiscal year ended December 31, 2024 pursuant to the 2024 Credit Facility, the interest rate will be SOFR plus a margin of 5.75% to 6.25% depending on the Company’s consolidated net leverage. At the Company’s option, interest may be calculated using an alternative base rate plus a margin ranging from 4.75% to 5.25%. Outstanding amounts under the 2024 Credit Facility are secured by substantially all of the assets of Ribbon, and certain of the Ribbon’s subsidiaries.

HPS Investment Partners, LLC will serve as Administrative Agent under the 2024 Credit Facility and HPS Investment Partners, LLC and WhiteHorse Capital served as joint lead arrangers and bookrunners.

“We are pleased to complete this important milestone for the Company that provides us with the right capital structure as we look to continue to profitably grow the business” said Mick Lopez, Chief Financial Officer of Ribbon Communications. “We believe that HPS and WhiteHorse Capital will be excellent financial partners due to their strategic perspective and financial strength. With them, we believe our capital structure will have the flexibility to address our future growth opportunities.”

In connection with the closing of the 2024 Credit Facility, the Company also issued a notice of redemption in full of its Series A Preferred Stock. Under the terms of the redemption, the Series A Preferred Stock will be redeemed on June 25, 2024.

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, including without limitation statements regarding the Company’s future growth and the redemption of the Series A Preferred Stock, 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); 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; the impact of new terms and/or covenants in the 2024 Credit Facility; risks resulting from higher interests rates and continued inflationary pressures; the impact of restructuring and cost-containment activities; unpredictable fluctuations in quarterly revenue and operating results; 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; increases in tariffs, trade restrictions or taxes on 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

リボン・コミュニケーションズとSURF、アムステルダム-ジュネーブ間1,650kmの既存ファイバーリンクで800G単一波長による相互運用可能な2x400GbE伝送を実現

dedmonds — Wed, 01 May 2024 15:10:54 +0000

140Gbaud伝送の最適な伝送能力を証明し、現在および将来のデータ集約型研究を実現

May 1, 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4月29日（米国東部時間）、オランダの教育・研究分野におけるITの共同組織であるSURFと協力し、Nikhef（オランダ国立亜原子物理学研究所）を含む研究機関とジュネーブのCERN（欧州合同原子核研究機関）キャンパスにある大型ハドロン衝突型加速器を結ぶ1,650kmの既存光ファイバー回線で800Gの伝送に成功したことを発表しました。

「この革新的なトライアルをパートナーであるリボン社と共同で成功させることができたことを誇りに思います」とSURFのネットワーク＆キャンパスのディレクターであるハロルド・テウニッセン（Harold Teunissen）氏は語っています。「このトライアルは、オランダ国内外における科学研究と教育の将来的なニーズに対応するため、当社のネットワークを強化する重要な一歩を意味します」

今回のトライアルでは、下記のリボンの先進的な伝送ソリューションの数々が実証されました：

Apollo TM800_2は、業界をリードする5nm-140Gbaud伝送技術を採用し、容量と到達性を最適化した800Gトランスポートを実現します。
Apollo Open Optical Line Systemsは、SURFのG655およびG652既存ファイバーの容量を最大化するハイブリッドEDFA-ラマンアンプを含み、サードパーティーベンダーの波長を伝送する能力が実証されています。
NPT 2400メトロ・ルーターは、SURFのネットワークと相互運用可能で、BGP上でEVPNサービスを実行する2x400GbEアップリンクを、同ネットワークの8x100Gポートに提供します。

　「SURFと協力し、既存のインフラを利用して研究・教育パートナーに高度な伝送サービスを提供できることを実証できることをうれしく思います」とリボン・コミュニケーションズ社の最高執行責任者(COO)サム・ブッチ（Sam Bucci）は述べています。「科学の発展に貢献する、革新的なソリューションを提供できることを誇りに思います」

■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 and SURF Achieve Interoperable 2x400GbE Transport via Single 800G Wavelength over Brownfield 1,650km Amsterdam-Geneva Link

dedmonds — Tue, 23 Apr 2024 21:01:07 +0000

Proves optimal transport ability of 140Gbaud transmission, enabling current and future data-intensive research

April 29, 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 cooperation with SURF, the collaborative organization for IT in Dutch education and research, it has successfully achieved 800G over a brownfield 1,650 km fiber optic link connecting research institutes including Nikhef with The Large Hadron Collider located on the CERN campus in Geneva.

“We are proud to collaborate with our partner Ribbon in this successful and innovative trial, which pushes the boundaries of our current fiber and shows us what is technically possible with Ribbon’s equipment,” said Harold Teunissen, Director Network & Campus at SURF. “This trial signifies a crucial step forward as we gear up our network to cater to the future needs of scientific research and education in the Netherlands and beyond.”

The trial demonstrated a number of Ribbon’s advanced transport solutions:

Apollo TM800_2, which uses industry-leading 5nm-140Gbaud transmission technology to deliver capacity-reach optimized 800G transport.
Apollo Open Optical Line Systems, which include hybrid EDFA-Raman amplifiers that maximize the capacity of SURF’s brownfield G655 and G652 fiber, and have a proven ability to carry third-party vendor wavelengths.
NPT 2400 metro router, which is interoperable with SURF’s network and delivered 2x400GbE uplinks running EVPN services on top of BGP to 8x100G ports on that network.

“We’re excited to work with SURF to demonstrate how they can deliver advanced transport services to their research and education partners over the existing infrastructure,” said Sam Bucci, COO and EVP, Ribbon. “We’re proud to deliver innovative solutions that contribute to the advancement of science.”

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 Inc. Reports First Quarter 2024 Financial Results

dedmonds — Tue, 23 Apr 2024 14:46:37 +0000

Significant profitability improvement with >700 bps increase in Gross Margin Selected by Verizon for multi-year Advanced Voice Network Platform

April 24, 2024

Revenue for the first quarter of 2024 was $180 million, compared to $186 million for the first quarter of 2023. First quarter 2024 GAAP Loss from Operations improved $22 million year over year, and Non-GAAP Adjusted EBITDA improved $14 million to $12 million. GAAP and Non-GAAP Gross Margin improved over 700 basis points year over year.

“I am very pleased with the improvement in our profitability year over year, exceeding the high end of our guidance. Sales in the EMEA region were strong across Service Provider and Critical Infrastructure markets, growing 24% year over year,” stated Bruce McClelland, President and Chief Executive Officer of Ribbon Communications.

“Sales in our IP Optical Networks segment increased year over year for the seventh consecutive quarter, up 9% over the previous year. Lower product costs and strong regional mix contributed to the gross margin being above 40% for the segment once again,” Mr. McClelland added. “While Cloud & Edge sales were down in the first quarter, we believe we have reached a low point in U.S. Tier One Service Provider spending. We expect the new multi-year Verizon Network Modernization program announced today, recovery in broader Service Provider spending, and continued growth in Enterprise, including new U.S. Federal projects, to return our Cloud & Edge segment to growth.”

Financial Highlights¹

	Three months ended
	March 31,
*In millions, except per share amounts*	2024	2023
GAAP Revenue	$180	$ 186
GAAP Net income (loss)	$(30)	$ (38)
Non-GAAP Net income (loss)	$ (1)	$(3)
Non-GAAP Adjusted EBITDA	$ 12	$ (2)
GAAP diluted earnings (loss) per share	$ (0.18)	$(0.23)
Non-GAAP diluted earnings (loss) per share	$ (0.01)	$ (0.02)
Weighted average shares outstanding basic	172	169
Weighted average shares outstanding diluted	175	175

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.

"We now have six quarters in a row of year-over-year Adjusted EBITDA improvement, leading to a trailing twelve- month Adjusted EBITDA of $105 million. This resulted in a bank leverage ratio of 2.7x, in our target range of 2x-3x. The first quarter also delivered solid order bookings and good cash from operations of $13 million. We believe these results demonstrate improvement in our business as we execute our strategy," said Mick Lopez, Chief Financial Officer of Ribbon Communications.

Business Outlook¹
For the second quarter of 2024, the Company projects revenue of $200 million to $210 million. Non-GAAP gross margin is projected in a range of 53.5% to 54.5%. Adjusted EBITDA is projected in a range of $20 million to $25 million.

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

¹ 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.

“We now have six quarters in a row of year-over-year Adjusted EBITDA improvement, leading to a trailing twelve- month Adjusted EBITDA of $105 million. This resulted in a bank leverage ratio of 2.7x, in our target range of 2x-3x. The first quarter also delivered solid order bookings and good cash from operations of $13 million. We believe these results demonstrate improvement in our business as we execute our strategy,” said Mick Lopez, Chief Financial Officer of Ribbon Communications.

Business Outlook¹

For the second quarter of 2024, the Company projects revenue of $200 million to $210 million. Non-GAAP gross margin is projected in a range of 53.5% to 54.5%. Adjusted EBITDA is projected in a range of $20 million to $25 million.

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

¹ 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

May 14-15, 2024: 19^th Annual Needham Technology, Media, and Consumer Conference
May 22-23, 2024: B. Riley Securities 24^th Annual Institutional Investor Conference
May 29, 2024: 21st Annual Craig-Hallum Institutional Investor Conference
June 25, 2024: Northland Growth Conference 2024

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, including without limitation statements regarding the Company’s projected financial results for the second quarter of 2024 and beyond; the impact of the wars in Israel and Ukraine; customer spending and engagement and momentum; plans and objectives for future operations, including cost reductions; capital structure changes and plans for future product development and manufacturing and the expected benefits therefrom, 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); 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; the timing and ability to complete a refinancing of the Company’s current credit agreement; the impact of new terms and/or covenants in agreements entered into to refinance the current credit agreement; risks resulting from higher interests rates and continued inflationary pressures; the impact of restructuring and cost-containment activities; unpredictable fluctuations in quarterly revenue and operating results; 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; increases in tariffs, trade restrictions or taxes on the Company’s products; and currency fluctuations.

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 will allow investors to view the 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, its 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 a certain ongoing contract litigation where Ribbon is 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 the first quarter of 2023. 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 not within its control. Accordingly, the Company believes that excluding the litigation costs related to this specific legal matter 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 Issuance Costs

The Company incurred $3.5 million of investment banking, advisory and legal fees in its March 2023 private placement of the Series A Preferred Stock and warrants to purchase shares of the Company’s common stock, both of which are classified by the Company as liabilities that are marked to market each reporting period. The Company excludes these issuance costs to allow more accurate comparisons of its financial results to its historical operations and the financial results of other companies in its industry, and it allows management and investors to consider the ongoing operations of the business both with and without such expenses.

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 instruments issued in March 2023 in connection with the Company’s private placement and are classified as liabilities and 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.

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

			Three months ended
			March 31,	December 31,	March 31,
			2024	2023	2023
Revenue:
	Product		$ 87,610	$ 125,984	$ 93,318
	Service		92,054	100,417	92,841
		Total revenue	179,664	226,401	186,159

Cost of revenue:
	Product		45,794	61,183	62,063
	Service		35,364	37,205	35,305
	Amortization of acquired technology		6,551	6,305	7,389
		Total cost of revenue	87,709	104,693	104,757

Gross profit			91,955	121,708	81,402

Gross margin			51.2 %	53.8 %	43.7 %

Operating expenses:
	Research and development		45,763	45,351	51,304
	Sales and marketing		34,716	35,361	35,399
	General and administrative		15,191	13,686	14,045
	Amortization of acquired intangible assets		6,706	6,861	7,264
	Acquisition-, disposal- and integration-related		-	1,494	1,642
	Restructuring and related		3,065	2,285	6,937
		Total operating expenses	105,441	105,038	116,591

Income from operations			(13,486)	16,670	(35,189)
Interest expense, net			(5,987)	(6,989)	(6,422)
Other (expense) income, net			(7,513)	(3,232)	4,772

Income (loss) before income taxes			(26,986)	6,449	(36,839)
Income tax benefit (provision)			(3,375)	630	(1,466)

Net income (loss)			$ (30,361)	$ 7,079	$ (38,305)

Income (loss) per share:
	Basic		$ (0.18)	$ 0.04	$ (0.23)
	Diluted		$ (0.18)	$ 0.04	$ (0.23)

Weighted average shares used to compute income (loss) per share:
	Basic		172,428	171,755	168,541
	Diluted		172,428	172,990	168,541

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

				March 31,	December 31,
				2024	2023
Assets
Current assets:
	Cash and cash equivalents			$ 30,931	$ 26,630
	Accounts receivable, net			212,498	268,421
	Inventory			80,758	77,521
	Other current assets			44,943	46,146
		Total current assets		369,130	418,718

Property and equipment, net				40,758	41,820
Intangible assets, net				224,880	238,087
Goodwill				300,892	300,892
Deferred income taxes				72,438	69,761
Operating lease right-of-use assets				37,110	39,783
Other assets				33,252	35,092
				$ 1,078,460	$ 1,144,153

Liabilities and Stockholders' Equity
Current liabilities:
	Current portion of term debt *			$ 228,168	$ 35,102
	Accounts payable			66,847	85,164
	Accrued expenses and other			84,491	91,687
	Operating lease liabilities			14,213	15,739
	Deferred revenue			110,596	113,381
		Total current liabilities		504,315	341,073

Long-term debt, net of current *				-	197,482
Warrant liability				5,927	5,295
Preferred stock liability				56,204	53,337
Operating lease liabilities, net of current				36,768	38,711
Deferred revenue, net of current				14,019	19,218
Deferred income taxes				5,616	5,616
Other long-term liabilities				30,953	30,658
			Total liabilities	653,802	691,390

Commitments and contingencies

Stockholders' equity:
	Common stock			17	17
	Additional paid-in capital			1,962,602	1,958,909
	Accumulated deficit			(1,550,311)	(1,519,950)
	Accumulated other comprehensive income			12,350	13,787
			Total stockholders' equity	424,658	452,763
				$ 1,078,460	$ 1,144,153

* The Company's debt, substantially all of which represents Term Debt outstanding under our 2020 Credit Facility, is scheduled to mature on March 3, 2025, and is therefore presented entirely in the above as a current liability as of March 31, 2024. The Company is currently seeking to refinance the Term Debt before filing of the Form 10-Q for the quarter ended March 31, 2024. Should a refinancing transaction occur prior to the filing of our Form 10-Q the Term Debt would be presented in the Company's Form 10-Q as Long-term debt, net of current in accordance with US GAAP.

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

					Three months ended
					March 31,	March 31,
					2024	2023
Cash flows from operating activities:
	Net loss				$ (30,361)	$ (38,305)
	Adjustments to reconcile net loss to cash flows provided by operating activities:
		Depreciation and amortization of property and equipment			3,394	3,510
		Amortization of intangible assets			13,257	14,653
		Amortization of debt issuance costs			716	1,065
		Amortization of accumulated other comprehensive gain related to interest rate swap			(1,756)	-
		Stock-based compensation			4,522	5,848
		Deferred income taxes			(2,620)	(6,048)
		Gain on sale of swap			-	(7,301)
		Change in fair value of warrant liability			632	-
		Change in fair value of preferred stock liability			1,512	-
		Dividends accrued on preferred stock liability			1,355	-
		Foreign currency exchange (gains) losses			1,144	(2,185)
		Changes in operating assets and liabilities:
			Accounts receivable		55,384	19,742
			Inventory		(4,379)	(2,917)
			Other operating assets		7,923	15,031
			Accounts payable		(17,837)	(10,405)
			Accrued expenses and other long-term liabilities		(11,800)	11,521
			Deferred revenue		(7,986)	6,924
				Net cash provided by operating activities	13,100	11,133

Cash flows from investing activities:
	Purchases of property and equipment				(2,513)	(2,413)
	Purchases of software licenses				(150)	-
				Net cash used in investing activities	(2,663)	(2,413)

Cash flows from financing activities:
	Borrowings under revolving line of credit				15,000	-
	Principal payments on revolving line of credit				(15,000)	-
	Principal payments of term debt				(5,014)	(80,015)
	Payment of debt issuance costs				-	(1,562)
	Proceeds from issuance of preferred stock and warrant liabilities				-	53,350
	Proceeds from the exercise of stock options				17	1
	Payment of tax withholding obligations related to net share settlements of restricted stock awards				(846)	(1,893)
				Net cash used in financing activities	(5,843)	(30,119)

Effect of exchange rate changes on cash and cash equivalents					(293)	171

Net increase (decrease) in cash and cash equivalents					4,301	(21,228)
Cash and cash equivalents, beginning of year					26,630	67,262
Cash and cash equivalents, end of period					$ 30,931	$ 46,034

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
			March 31,	December 31,	March 31,
			2024	2023	2023
Stock-based compensation
Cost of revenue - product			$ 106	$ 125	$ 149
Cost of revenue - service			472	550	535
	Cost of revenue		578	675	684

Research and development			1,068	1,112	1,262
Sales and marketing			1,157	1,438	2,129
General and administrative			1,719	1,667	1,773
	Operating expense		3,944	4,217	5,164

		Total stock-based compensation	$ 4,522	$ 4,892	$ 5,848

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

	Three months ended
	March 31,	December 31,	March 31,
	2024	2023	2023

GAAP Gross margin	51.2 %	53.8 %	43.7 %
Stock-based compensation	0.3 %	0.3 %	0.4 %
Amortization of acquired technology	3.6 %	2.7 %	4.0 %
Non-GAAP Gross margin	55.1 %	56.8 %	48.1 %

GAAP Net income (loss)	$ (30,361)	$ 7,079	$ (38,305)
Stock-based compensation	4,522	4,892	5,848
Amortization of acquired intangible assets	13,257	13,166	14,653
Litigation costs	951	538	177
Acquisition-, disposal- and integration-related	-	1,494	1,642
Restructuring and related	3,065	2,285	6,937
Preferred stock and warrant liability issuance costs	-	-	3,545
Preferred stock and warrant liability mark-to-market adjustment	3,499	3,724	-
Tax effect of non-GAAP adjustments	3,971	(11,606)	2,676
Non-GAAP Net income (loss)	$ (1,096)	$ 21,572	$ (2,827)

GAAP Diluted earnings (loss) per share	$ (0.18)	$ 0.04	$ (0.23)
Stock-based compensation	0.03	0.03	0.04
Amortization of acquired intangible assets	0.07	0.08	0.08
Litigation costs	0.01	*	*
Acquisition-, disposal- and integration-related	-	0.01	0.01
Restructuring and related	0.02	0.01	0.04
Preferred stock and warrant liability issuance costs	-	-	0.02
Preferred stock and warrant liability mark-to-market adjustment	0.02	0.02	-
Tax effect of non-GAAP adjustments	0.02	(0.07)	0.02
Non-GAAP Diluted earnings (loss) per share	$ (0.01)	$ 0.12	$ (0.02)

Weighted average shares used to compute diluted earnings (loss) per share
Shares used to compute GAAP diluted earnings (loss) per share	172,428	171,755	168,541
Shares used to compute Non-GAAP diluted earnings (loss) per share	172,428	172,990	168,541

GAAP Income (loss) from operations	$ (13,486)	$ 16,670	$ (35,189)
Depreciation	3,394	3,502	3,510
Stock-based compensation	4,522	4,892	5,848
Amortization of acquired intangible assets	13,257	13,166	14,653
Litigation costs	951	538	177
Acquisition-, disposal- and integration-related	-	1,494	1,642
Restructuring and related	3,065	2,285	6,937
Non-GAAP Adjusted EBITDA	$ 11,703	$ 42,547	$ (2,422)

* 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
	March 31,	December 31,	March 31,
	2024	2023	2023

GAAP Income (loss) from operations	$ (2,582)	$ (24,285)	$ (44,459)
Depreciation	13,989	14,105	14,920
Stock-based compensation	20,480	21,806	20,300
Amortization of acquired intangible assets	55,495	56,891	60,299
Litigation costs	2,081	1,307	177
Acquisition-, disposal- and integration-related	2,834	4,476	6,079
Restructuring and related	12,337	16,209	12,956
Non-GAAP Adjusted EBITDA	$ 104,634	$ 90,509	$ 70,272

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

			Three months ending		Year ending
			June 30, 2024		December 31, 2024
			Midpoint ⁽¹⁾	Range	Midpoint ⁽¹⁾	Range

Revenue ($ millions)			$ 205	+/- $5M	$ 855	+/- $15M

Gross margin:
	GAAP outlook		50.6 %		50.3 %
	Stock-based compensation		0.3 %		0.3 %
	Amortization of acquired technology		3.1 %		2.9 %
		Non-GAAP outlook	54.0 %	+/- 0.5%	53.5 %	+/- 0.5%

Adjusted EBITDA ($ millions):
	GAAP income (loss) from operations		$ (2.5)		$ 13.4
	Depreciation		3.7		14.8
	Stock-based compensation		4.5		18.6
	Amortization of acquired intangible assets		13.0		50.8
	Litigation costs		1.1		2.7
	Restructuring and related		2.7		14.7
		Non-GAAP outlook	$ 22.5	+/- $2.5M	$ 115.0	+/- $5M

	(1) Q2 2024 and FY 2024 outlook represents the midpoint of the expected ranges

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

Ribbon Communications Announces Time Change for Reporting First Quarter 2024 Financial Results

dedmonds — Thu, 18 Apr 2024 20:38:24 +0000

April 17, 2024

Ribbon Communications will now report financial results for the first quarter of 2024 before the opening of the market on Wednesday, April 24, 2024. On the same day, Ribbon Communications will host a conference call with the financial community at 8:30 a.m. ET to discuss the results.

Conference call details:

Date: Wednesday, April 24, 2024

Time: 8:30 a.m. ET

Dial-in number (Domestic): 877-407-2991

Dial-in number (International): 201-389-0925

Instant Telephone Access: Call me™

Replay information:

A telephone playback of the call will be available following the conference call until May 8, 2024 and can be accessed by calling 877-660-6853 or 201-612-7415 for international callers. The reservation number for the replay is 13745635.

About Ribbon

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

Ribbon Communications to Report First Quarter 2024 Financial Results on April 24, 2024

dedmonds — Thu, 18 Apr 2024 20:05:21 +0000

April 11, 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 it will report financial results for the first quarter of 2024 after the close of the market on Wednesday, April 24, 2024. Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m. ET to discuss the results.

Conference call details

Date: Wednesday, April 24, 2024

Time: 4:30 p.m. ET

Dial-in number (Domestic): 877-407-2991

Dial-in number (International): 201-389-0925

Instant Telephone Access: Call me™

Replay information:

About Ribbon

Media Contact

Catherine Berthier

+1 (646) 741-1974

cberthier@rbbn.com

Investor Contact

+1 (978) 614-8050

ir@rbbn.com

リボン・コミュニケーションズとシスコ、 OFC2024にて1.2 Tbps の相互運用性をデモンストレーション

dedmonds — Tue, 26 Mar 2024 14:16:14 +0000

商用レベルで最高速のデータ伝送を実現する相互運用可能なマルチベンダー・エコシステムを初披露

March 22, 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）はシスコとのパートナーシップを通じ、1.2T光伝送の相互運用性を実現しました。2024年3月24日（日）からアメリカ・サンディエゴで開催されるOFC 2024 では、「Ribbon Apollo 9408」と「Cisco NCS 1014」の間での相互運用性のデモンストレーションを行います。いずれにもアカシア・コミュニケーションズ社の「CIM 8 140Gbaud トランシーバー」を組み込むことで、トランスポンダの相互運用性のための「OpenROADM ブックエンド・モデル」に準拠し、マルチベンダーへの拡張を実現しています。

「今回のデモンストレーションによって私たちは新時代を切り開き、これまで業界の潮流から新たな方向性へと舵を切った、高性能光伝送のための相互運用可能な実証済みマルチベンダー・エコシステムを披露します」とリボン・コミュニケーションズ社の最高執行責任者(COO)サム・ブッチ（Sam Bucci）は述べています。「この重要なアップデートにおいて、シスコ社と協力できたことを誇りに思います。これにより、通信事業者は特定のクローズド・ソリューションに頼ることなく、1.2 T の伝送速度に安心してアクセス・提供できるようになります」

「今回のデモンストレーションは、高性能コヒーレント分野におけるエキサイティングな進化を表すものです」とCignal AI社でトランスポート・ハードウェア分野の主任アナリストを務めるカイル・ホラシュ（Kyle Hollasch）氏は言います。「オプティカル・ネットワーキングにおいて相互運用性は稀であり、通常は単一ベンダーのテクノロジーに依存しています。ネットワーク・オペレーターは、自社のネットワークを複数のベンダーに開放しながらも優れたパフォーマンスを提供できることで、多大な価値を得ることができるでしょう」

「AI をはじめとした新たなテクノロジーの成長に伴い、ネットワーク・オペレーターは、増大する高速化へのニーズに対応するためにマルチベンダー・ネットワークを管理するという複雑な課題に直面しています」と語るのはシスコの光学システム・光学部門の上級副社長/ゼネラル・マネージャーであるビル・ガートナー（Bill Gartner）氏です。「リボン・コミュニケーションズ社との協力によって、当社の顧客は規格策定を待つことなく伝送レベルでの相互運用性を確保できるようになり、特定のソリューションに縛られずに最先端を維持できるようになるということを実証しています」

リボン・コミュニケーションズ株式会社は、アメリカサンディエゴで開催される光通信とネットワーキングの展示会「OFC 2024」（2024 年 3 月 24 日~28 日）にブース出展をいたします。詳細は下記を参照してください。

≪出展概要≫

出展日時:2024年3月24日（日）から28日（木）まで

出展場所: San Diego Convention Center, San Diego, California, USA, Booth 1131- Spot 1

（サンディエゴコンベンションセンター、ブース1131 スポット1）

■OFC 2024公式サイト: https://www.ofcconference.org/en-us/home/

■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

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