UTSI

UTStarcom Files 2022 Form 20-F

Retrieved on: 
Thursday, April 27, 2023

HANGZHOU, China, April 27, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today filed its Annual Report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission.

Key Points: 
  • HANGZHOU, China, April 27, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today filed its Annual Report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission.
  • The Form 20-F report is available on the SEC EDGAR website at www.sec.gov or in PDF format at www.utstar.com/sec-filing .
  • Interested parties also may request a hard copy of the report free of charge through written request.

UTStarcom Announces New SyncRing PTP Grandmaster

Retrieved on: 
Wednesday, January 4, 2023

HANGZHOU, China, Jan. 04, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today introduced the SyncRing XGM30E PTP grandmaster, a new addition to its SyncRing family of network synchronization equipment.

Key Points: 
  • HANGZHOU, China, Jan. 04, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today introduced the SyncRing XGM30E PTP grandmaster, a new addition to its SyncRing family of network synchronization equipment.
  • Using a distributed clustered timing architecture, the SyncRing solution enables instant implementation of accurate time and frequency delivery regardless of existing network capabilities.
  • The SyncRing XGM30E is an indoor PTP Grand Master offering TE accuracy as high as ±40ns (PRTC-B), which can meet the stringent timing requirements of demanding applications including 4G and 5G mobile networks.
  • UTStarcom’s Chief Technology Officer Ms. Lingrong Lu said: “The new SyncRing XGM30E Grand Master product complements our mature SyncRing product portfolio, expanding the range of application and installation scenarios.

UTStarcom Reports Unaudited Financial Results for First Half of 2022

Retrieved on: 
Friday, September 2, 2022

Equipment gross margin for the first half of 2022 was (15.8%), compared to (119.1%) for the corresponding period in 2021.

Key Points: 
  • Equipment gross margin for the first half of 2022 was (15.8%), compared to (119.1%) for the corresponding period in 2021.
  • Operating expenses for the first half of 2022 were $4.1 million, compared to $1.3 million in the corresponding period in 2021.
  • Net interest income for the first half of 2022 was $0.8 million, compared to $0.5 million in the corresponding period in 2021.
  • Net other income for the first half of 2022 was $1.6 million, compared to $1.1 million in the corresponding period in 2021.

UTStarcom Announces Management Changes

Retrieved on: 
Friday, September 2, 2022

He has held various management positions in UTs Finance department, including Treasury, Tax, Technical Accounting, Internal Audit and Compliance.

Key Points: 
  • He has held various management positions in UTs Finance department, including Treasury, Tax, Technical Accounting, Internal Audit and Compliance.
  • Before joining UTStarcom, Dan worked as an auditor at Levi, Yetnikoff Chartered Accountants.
  • Since joining UTStarcom in 2005, she took various HR and Administration management roles, including the functions of HRBP, Compensation & Benefit, Recruitment and People Development, etc.
  • UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services.

UTStarcom Launches the SkyFlux UAR Disaggregated Router Platform

Retrieved on: 
Friday, July 29, 2022

HANGZHOU, China, July 29, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UTStarcom or the Company) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced its newest platform, the SkyFlux UAR Disaggregated Router.

Key Points: 
  • HANGZHOU, China, July 29, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UTStarcom or the Company) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced its newest platform, the SkyFlux UAR Disaggregated Router.
  • The initial release of the platform includes 3 chassis-based modular disaggregated routers (SkyFlux UAR400A-04X, SkyFlux UAR500A-08X, and SkyFlux UAR500B-12X) and the SkyFlux NOS Network Operating System.
  • The SkyFlux UAR Disaggregated Router platform components can be integrated to work together, or can be used separately for integration with compatible third party commercial or open-source components.
  • Our newest SkyFlux UAR Disaggregated Router platform was designed with this idea in mind, to deliver a truly carrier-grade solution with the benefits of network disaggregation to our customers.

UTStarcom Regains NASDAQ Listing Compliance

Retrieved on: 
Friday, July 15, 2022

HANGZHOU, China, July 15, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UT or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced the Company received a formal notice from NASDAQ that it has regained compliance with Listing Rule 5450(a)(1) as a result of the closing bid price of the Company's common stock has been at $1.00 per share or greater for the last 10 consecutive business days.

Key Points: 
  • HANGZHOU, China, July 15, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UT or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced the Company received a formal notice from NASDAQ that it has regained compliance with Listing Rule 5450(a)(1) as a result of the closing bid price of the Company's common stock has been at $1.00 per share or greater for the last 10 consecutive business days.
  • UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services.
  • UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access.
  • UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI).

UTStarcom Wins Disaggregated Platform Design Services RFP from China Telecom Research Institute

Retrieved on: 
Thursday, June 30, 2022

HANGZHOU, China, June 30, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UTStarcom or the Company) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that it was selected as the exclusive winner of the RFP The Procurement of New Line Card Hardware Design Service for STN A3 White-box Router Platform from the Guangdong Research Institute of China Telecom Co., Ltd. (China Telecom Research Institute).

Key Points: 
  • HANGZHOU, China, June 30, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UTStarcom or the Company) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that it was selected as the exclusive winner of the RFP The Procurement of New Line Card Hardware Design Service for STN A3 White-box Router Platform from the Guangdong Research Institute of China Telecom Co., Ltd. (China Telecom Research Institute).
  • China Telecom Research Institute is an innovative professional technology research institution of China Telecom, one of the major telecom network operators in China.
  • Guangdong Research Institute of China Telecom Co., Ltd (China Telecom Research Institute) is a professional innovative technology research institution of China Telecom Group.
  • China Telecom Research Institute mainly serves the internal needs of the company group and aims to meet the needs of China Telecom's strategic planning, core technology research, management decision-making as well as production and operation support.

UTStarcom Announces Results of Extraordinary Meeting of Shareholders and Effectiveness of One-for-Four Reverse Share Split

Retrieved on: 
Tuesday, June 28, 2022

HANGZHOU, China, June 28, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UT or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced the official results of its extraordinary meeting of shareholders, held on June 28, 2022 at 10:00a.m.

Key Points: 
  • HANGZHOU, China, June 28, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UT or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced the official results of its extraordinary meeting of shareholders, held on June 28, 2022 at 10:00a.m.
  • The reverse share split will affect all issued and outstanding Ordinary Shares, as well as Ordinary Shares underlying stock options, restricted stock units, and other Ordinary Share-based equity grants outstanding immediately prior to the effectiveness of the reverse share split.
  • No fractional shares will be issued in connection with the reverse share split.
  • UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access.

UTStarcom Reschedules Extraordinary General Meeting of Shareholders to June 28 and Releases Proxy Statement

Retrieved on: 
Friday, May 27, 2022

HANGZHOU, China, May 27, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UT or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced that the extraordinary general meeting of shareholders is rescheduled to Tuesday, June 28, 2022, at 10:00a.m.

Key Points: 
  • HANGZHOU, China, May 27, 2022 (GLOBE NEWSWIRE) -- UTStarcom (UT or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced that the extraordinary general meeting of shareholders is rescheduled to Tuesday, June 28, 2022, at 10:00a.m.
  • China Standard Time
    The Company also released its proxy statement, which can be accessed on UTStarcom's website at https://www.utstar.com/?q=investor-relations/sec-filing .
  • UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services.
  • UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access.

UTStarcom Announces Date for Extraordinary General Meeting to Approve Reverse Share Split

Retrieved on: 
Wednesday, May 18, 2022

China Standard Time, to seek approval for a one-for-four reverse share split.UTStarcom's Board of Directors believes that implementing a reverse share split is likely to improve the marketability and liquidity of UTStarcom's ordinary shares.

Key Points: 
  • China Standard Time, to seek approval for a one-for-four reverse share split.UTStarcom's Board of Directors believes that implementing a reverse share split is likely to improve the marketability and liquidity of UTStarcom's ordinary shares.
  • The meeting will be held at UTStarcom's office located at 4th Floor, South Wing, 368 Liuhe Road, Binjiang District, Hangzhou 310053, P.R.
  • If approved, the reverse share split will become effective immediately upon approval by the Company's shareholders.Upon becoming effective, every four outstanding and authorized ordinary shares of UTStarcom as of the effective date will be automatically combined into one issued and outstanding ordinary share.
  • UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services.