UHP Networks ("UHP") has announced the conclusion of the firm's fiscal year, ending April 30, 2020.
In spite of the COVID-19 pandemic and a major economic downturn unfolding in the last quarter, the company recorded highest revenue and profitability in its history. Although business conditions are challenging, it continues to see strong demand for its disruptive time division multiple access ("TDMA") technology, which provides the highest TDMA efficiency at the lowest cost available.
In November 2019, UHP entered into an agreement wherein Comtech Telecommunications Corp. (NASDAQ: CMTL) will purchase UHP. The transaction is subject to customary closing conditions.
In the fiscal year 2020, the Canadian manufacturer provided and further developed Maritime broadband connectivity and 4G cellular backhaul over TDMA VSAT as well as complex, high-availability VSAT networks. All company shipments have switched to the new generation of hardware and software products, which includes DVB-S2X, Adaptive Coding and Modulation and 5% roll off in MF-TDMA, Smart Redundancy with dynamic license assignment in the hub systems. The company achieved important certifications with several Mobile Network Operators (MNOs) and the three major RAN equipment vendors, as well as with several key players in the OpenRAN initiative. In 2019-2020, UHP significantly expanded its market footprint and achieved strategic wins in a number of key market verticals and regions, some of which are...
- Strategic partnership with a large international network operator yielded multiple network installations in Latin America and in the Middle East
- Maritime network in Asia expanded to over 14,000 vessels
- High-availability Mesh network with dynamic topology and M:N geographically-redundant Hubs in Asia
- Enterprise network in Africa spans 7 HTS spot beams and includes geographically redundant Hubs
- 200-site cellular backhaul network in Asia Pacific provided flexible and affordable solution
As part of continued expansion of its service portfolio, UHP recently launched a new cloud-based, 24x7x365 technical support service. The newest UHP software Release 3.6 provides major improvements in performance and functionality. Additional details on UHP 3.6 will be given in the upcoming series of webinars.
Dr. Vagan Shakhgildian, CEO of UHP Networks, said these annual results were made possible by the continued loyalty of the firm's customers and by the outstanding teamwork of the firm's talented staff. In these challenging times of uncertainty created by the global COVID-19 pandemic and the economic downturn, UHP Networks was able to show innovation, resilience and commitment to customers. The company continues to invest in further business and technology development and are hiring more staff as well as recently launched an even more ambitious R&D roadmap.