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RF Industries Receives $6.9 Million Order Supporting New North American Wireless Carrier Customer’s Infrastructure Build
Current Backlog Stands at Approximately $34 MillionSAN DIEGO, CA / ACCESSWIRE / June 13, 2022 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and
About this update from Rf Industries, Ltd.
[{"type":"text","content":"Current Backlog Stands at Approximately $34 MillionSAN DIEGO, CA / ACCESSWIRE / June 13, 2022 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced it has received a $6.9 million order at the Company's Cables Unlimited division for its OptiFlex™ hybrid fiber solution supporting a new wireless carrier customer.Robert Dawson, President and CEO of RF Industries, commented, \"We are excited to announce this substantial order supporting the next generation infrastructure build for a new North American wireless carrier customer. This is the first time in company history that we have multiple concurrent large customers actively deploying our OptiFlex™ hybrid fiber solution in next generation wireless builds. Including this order, we have received more than $7.5 million in total orders for hybrid fiber in support of this new customer's North American 4G/5G wireless infrastructure build.\"These orders from this new customer are another great win for the RF Industries team and are an example of our increasing value in the market. OptiFlex™, the hybrid fiber solution engineered, designed, and built by our Cables Unlimited team in Long Island, continues to gain market share in the North American wireless marketplace. With our increasingly strong product and solutions offer and our unique value proposition in the market, we believe we are well-positioned to benefit as the overall spend on 4G and 5G deployments continues to increase.\"With this order, RF Industries' backlog stands at approximately $34.0 million as of today. The Company expects to start shipping against this order towards the end of its current fiscal year 2022. OptiFlex™ is a composite of multiple cables, including all or a variation of power, coax, ethernet and fiber. This product line is a customizable solution that is engineered and designed to fit the exact needs of RF Industries' customers as they upgrade their wireless tower sites from 3G to 4G and LTE and 5G. For more information on OptiFlex™, click here.About RF IndustriesRF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets, including wireless/wireline telecom, data communications and industrial. The Company's products include high-performance components such as RF connectors and adapt...