Ubiquiti Networks Announces Distribution Agreement With ScanSource Security

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SAN JOSE, Calif., May 2, 2014 (GLOBE NEWSWIRE) -- Ubiquiti Networks, Inc. (Nasdaq:UBNT), a next-generation communications technology company, today announced a distribution agreement with ScanSource Security, a leading value-added distributor of physical security and networking products and a business unit of ScanSource, Inc. (Nasdaq:SCSC).

Starting immediately, ScanSource will promote, sell and support all of Ubiquiti's innovative technology platforms for service providers and enterprises to its network of U.S. and Canadian reseller partners. ScanSource's diverse customer base will complement Ubiquiti's existing distribution channel and provide opportunity to grow in key enterprise vertical markets, such as education, healthcare, security, public sector and hospitality.

"ScanSource's reach and unique approach to supporting manufacturers and resellers will benefit our expansion into established and emerging markets, making it easier than ever to get product into our customers' hands," said Ben Moore, vice president of business development at Ubiquiti Networks. "We look forward to working with ScanSource to meet the growing demand for our platforms."

"Ubiquiti's innovative products will be a valuable addition to our line card, as our networking and wireless resellers look to enhance their offering to their end-user partners," said Christie Hamberis, vice president of merchandising, ScanSource Security. "We are excited to offer these solutions, while also delivering the value-added services and support our reseller partners expect from ScanSource."

About Ubiquiti Networks

Ubiquiti Networks (Nasdaq:UBNT) is closing the digital divide by building network communication platforms for everyone and everywhere. With over 20 million devices deployed in over 180 countries, Ubiquiti is transforming under-networked businesses and communities. Our leading edge platforms, airMAX®, UniFi®, airFiber®, airVision®, mFi® and EdgeMAX® combine innovative technology, disruptive price performance and the support of a global user community to eliminate barriers to connectivity. For more information, join our community at http://www.ubnt.com.

Ubiquiti, the Ubiquiti logo, Ubiquiti Networks, airMAX, NanoBeam, airFiber, airVision, UniFi, mFi, EdgeMAX, EdgeRouter, InnerFeed, xRT, and World Network are registered trademarks or trademarks of Ubiquiti Networks, Inc. and/or its affiliates in the United States and other countries. All other trademarks mentioned in this document are the property of their respective owners.

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Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including words such as "look," "will," "anticipate," "believe," "estimate," "project," "expect," "consider," "schedule" and "plan" and statements in the future tense are forward looking statements. The statements in this press release that could be deemed forward-looking statements include statements regarding release of new products and expected performance, price-performance disruptiveness, growth prospects, product applications, expected performance and potential benefits, market positioning, short and long-term opportunities, and any statements or assumptions underlying any of the foregoing. You should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. Ubiquiti Networks undertakes no obligation to update information contained in this press release. You should review our SEC filings carefully, particularly the discussions under the heading "Risk Factors" and elsewhere in our Annual Report on Form 10-K for the year ended June 30, 2013 and other filings filed with the U.S. Securities and Exchange Commission that identify risks that could cause actual results to differ from those made in such forward-looking statements.

CONTACT: Ben Moore Vice President, Business Development Ubiquiti Networks,Inc. press@ubnt.com

Source:Ubiquiti Networks