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UTStarcom Announces Board Member Resignation

HONG KONG, Feb. 24, 2017 (GLOBE NEWSWIRE) -- UTStarcom (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that Tetsuzo Matsumoto has resigned from the Board of Directors to devote more time to his other business commitments. His resignation is effective February 22, 2017.

Himanshu Shah, the Chairman of UTStarcom’s Board of Directors, commented, “We thank Tetsuzo for his contributions to UTStarcom during his tenure. We respect his decision and wish him all the best going forward.”

About UTStarcom Holdings Corp.

UTStarcom (NASDAQ:UTSI) is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The Company’s end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom’s capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; San Jose, USA; Hangzhou, China; Delhi and Bangalore, India. For more information about UTStarcom, please visit http://www.utstar.com.

For investor and media inquiries, please contact: UTStarcom Holdings Corp. Tel: +852-3951-9757 Fei Wang, IR Director Email: fei.wang@utstar.com Ning Jiang, Investor Relations Email: njiang@utstar.com In the United States: The Blueshirt Group Mr. Ralph Fong Tel: +1 (415) 489-2195 Email: ralph@blueshirtgroup.com

Source:UTStarcom Holdings Inc.