DALLAS, TEXAS, USA, April 21, 2016 (GLOBE NEWSWIRE) -- Xtera Communications, Inc. (NASDAQ:XCOM), a leading provider of high-capacity, cost-effective optical transport solutions, today announced the signing of new contract extending its manufacturing relationship with NSG Technology, Inc. (a part of the Foxconn Technology Group).
Continuing a manufacturing relationship that started in 2004, Xtera and Foxconn have signed a long-term extension. Xtera’s manufacturing partner is critical to delivering quality products to its customers and, after exploring multiple alternatives, Xtera is pleased to recommit to a manufacturing relationship that has allowed it to provide industry-leading quality and reliability to its customers.
“Foxconn Technology Group is the largest contract manufacturer in the world and provides services to some of the world’s largest and best known companies. The Foxconn platform allows Xtera to scale its business cost effectively as our business continues to grow, as customers realize the value, flexibility and technological advantages of our innovative products,” said Jon Hopper, President and Chief Executive Officer of Xtera.
About NSG Technologies, Inc.
NSG is a vertically integrated manufacturing service provider. It provides a wide range of manufacturing services to its customers in the communication industry. Hon Hai Precision Industry Company Limited is the ultimate controlling shareholder of NSG (Hon Hai), and Hon Hai and its subsidiaries (as a group commonly known as the Foxconn Technology Group) is the leading global manufacturing service provider in the 3C (computer, communication and consumer electronics) industries.
About Xtera Communications, Inc.
Xtera Communications, Inc. (NASDAQ:XCOM) is a leading provider of high-capacity, cost-effective optical transport solutions, supporting the high growth in global demand for bandwidth. Xtera sells solutions to telecommunications service providers, content service providers, enterprises and government entities worldwide. Xtera’s proprietary Wise RamanTM optical amplification technology leads to capacity and reach performance advantages over competitive products. Xtera’s solutions enable cost-effective capacity to meet customers’ bandwidth requirements of today and to support their increasing bandwidth demand fueled by the development of data centers and related cloud-based services.
Source:Xtera Communications, Inc.