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Current Backlog Stands at $31 Million
SAN DIEGO, CA / ACCESSWIRE / September 7, 2022 / RF Industries, Ltd. (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced it has received $3.5 million of follow-on orders from its newest North American Tier 1 wireless carrier customer at the Company's Cables Unlimited division for its OptiFlex™ hybrid fiber solution.
Robert Dawson, President and CEO of RF Industries, commented, "We are excited to announce these follow-on orders in support of our newest wireless carrier customer and their North American 4G/5G wireless infrastructure build. These orders are further validation of our increasing value in the market, and we look forward to sharing more information when we release our third quarter financial results next week.
"Our OptiFlex™ hybrid fiber solution is engineered, designed, and built by our Cables Unlimited team in Long Island, and continues to gain market share in the North American wireless marketplace. With our increasingly strong product and solutions offer and our unique value proposition in the market, we are well-positioned to benefit as the overall spend on 4G and 5G deployments continues to increase."
The Company expects to start shipping against these orders early in its fiscal year 2023, which begins on November 1, 2022. RF Industries' backlog stands at approximately $31 million as of today.
OptiFlex™ is a composite of multiple cables, including all or a variation of power, coax, ethernet and fiber. This product line is a customizable solution that is engineered and designed to fit the exact needs of RF Industries' customers as they upgrade their wireless tower sites from 3G to 4G and LTE and 5G. For more information on OptiFlex™, click here.
About RF Industries
RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets, including wireless/wireline telecom, data communications and industrial. The Company's products include high-performance components such as RF connectors and adapters, RF passives including dividers, directional couplers and filters, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. The Company is headquartered in San Diego, California with additional operations in Long Island, New York, Vista, California, Milford, Connecticut, North Kingstown, Rhode Island and Parsippany, New Jersey. Please visit the RF Industries website at www.rfindustries.com.