Business
Ceragon Awarded Multi-Million Dollar Contract to Deliver Connectivity as a Service to Offshore Field for a Major Global Energy Player
Ceragon to sign a managed services deal to provide a low-latency, high bandwidth connection to one of the world's largest oil production fields off the coast
About this update from Ceragon Networks Ltd.
[{"type":"text","content":"Ceragon to sign a managed services deal to provide a low-latency, high bandwidth connection to one of the world's largest oil production fields off the coast of West Africa\n\n\nLITTLE FALLS, N.J., Feb. 16, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, announced today that it has been awarded a 3 year, multi-million dollar managed services contract from one of the world's leading multi-national energy companies. In this project, Ceragon will deliver a fully managed, high bandwidth microwave connection to one of the world's largest oil production fields off the coast of West Africa. \n \n \nDoron Arazi, Ceragon Networks CEO commented: \"This project is a testament to our growing reputation for connecting renewable and traditional offshore energy assets to global networks. Our ability to deliver our hardware, software and expertise as a managed service is in line with our vision for a more service-driven business model across the Energy industry, as well as other private enterprise customers – we call this 'connectivity as a service'. Letting our customers focus on their own business and providing them with the level of connectivity they need is of a great value to them. With this model we see a great potential, expanding our business reach in this particular customer, the energy sector, as well as other key private networks. Providing best-in-class, customer tailored service models, is key to our strategy.\" \nAligned with its ambitions to improve performance and efficiencies, and unlocking the full benefits of digital transformation technologies, the offshore Energy operator required an extremely reliable, low latency, high bandwidth solution to manage 'big data' for its multi-billion-dollar investment offshore. Ceragon was selected for its experience and proven ability to deliver high-reliability, low-latency stabilized hardware solutions in challenging, high-risk environments, where the site is both remote and in motion. What's more, Ceragon's ability to package its offering as a fully managed service was an immense benefit. In fact, this service model will provide the foundation for delivering operational enhancements that will accelerate the offshore sites' digital transformation roadmap and drive production and operational cost saving...