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UTStarcom Unveils New Products in Softbank World 2018

HONG KONG, July 19, 2018 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced that it is participating in the Softbank World 2018 conference on July 19-20 at the Prince Park Tower in Tokyo, Japan. SoftBank World, one of the largest corporate events in Japan, is focused on the latest trends in IT technology.

The technology industry is being influenced by a number of emerging trends, including IoT (“Internet of Things”), AI (“Artificial Intelligence”), smart robots, and 5G mobile data.  These technologies not only enable new product and service offerings and enhance user experience, but will likely transform different industry sectors and societies. Optimizing these technologies requires from telecom infrastructure significantly larger network capacity and reconfiguration of network architectures and technologies to enable intelligence, agility, scalability, performance, and efficiency.

To help organizations address these challenges through the power of technology, UTStarcom offers its latest solutions based on cutting-edge technologies including SDN, Segment Routing (SRv6), Clustered Distributed Timing over packet and others. The Company will showcase a number of its newest products at Softbank World 2018.  Highlights of products to be showcased at the show include next-generation SRv6-based routing platforms - SkyFlux UAR400 and UAR500; 5G-ready timing solution "SkyRing XGM30"; SDN platform "SOO Station"; intelligent customer edge "VBG-M7105" and smart commercial refrigerator "GoBox."

The new addition to the UT's smart retail platform - the smart commercial display refrigerator "GoBox"- smoothly integrates with the Company's cloud platform and uses image recognition, sensors and big data for a streamlined automated shopping experience.  This new retail product is being shipped and commercially used by several high-profile customers.

Additionally, UTStarcom’s executive management team will deliver two keynote addresses at this year’s SoftBank World.  In the “Getting Ready for 5G” presentation, Steven Chen, Senior Vice President of Product & Technology, will outline the opportunities and challenges and present the Company’s view on optimal networking solutions to facilitate the 5G deployment and operation.  Separately, Doctor Lingrong Lu, Vice President of Research and Development, will elaborate on the time synchronization evolution and design solution in the “Time Synchronization for 5G & IoT Applications” keynote presentation.  Mr. Tim Ti, UTStarcom's Chief Executive Officer, commented, “We are very excited to again participate in SoftBank World.  As one of the world's largest information technology events, it brings together industry leaders to share insights on the latest trends in digital innovation and showcase their latest products and technologies.”

Ti continued, “New technologies continue to emerge, requiring larger network capacity and more complex network architectures to enable scalability, performance, and efficiency.  We believe we are well-positioned to continue developing innovative solutions that would meet the need for increased network traffic. Our products fully align with the vision of our slogan: ‘Enabling Network Evolution’.”

About UTStarcom Holdings Corp.

UTStarcom 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 Hong Kong; Tokyo, Japan; San Jose, USA; Delhi and Bangalore, India; Hangzhou and China.  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

Ms. Fei Wang, Director of Investor Relations
Email: fei.wang@utstar.com

Ms. 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

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