InCoax has received new orders with a combined value of 2 million USD (current value approximately 21 million SEK) for system products as well as software maintenance, operation- and platform support for installed InCoax systems from the US-based FiberLAN operator. The orders for system products will be delivered and invoiced during Q2 and Q3 2024. Revenues from software maintenance, operation- and platform support will be recognized over three years, starting in Q2 2024. The total order value for deliveries to the operator in 2024 now amounts to 5 million USD (previously 3 million USD), which currently corresponds to 52.5 million SEK.
The operator supplements previous orders for 2024 concerning the ongoing expansion the operator is planning with InCoax´s solution. This has resulted in additional orders to ensure the availability of products and services for 2024.
Learn more about InCoax and its MultiGigabit solutions here.