29 Nov 2022 09:19 CET

Issuer

Smartoptics Group AS

Oslo, Norway - November 29 - Smartoptics, a leading provider of optical
networking solutions, today announced that GoIP, a leading ICT and managed
service provider in the APAC region, has selected Smartoptics for increased DWDM
cost efficiency. The Smartoptics solution helped GoIP cut costs and decrease
pricing to its customers by 40%. GoIP will also act as a distributor and support
partner for Smartoptics products across a number of Asian markets.

GoIP is based out of Singapore, a major global undersea cable hub. The ICT and
managed service provider also has a strong presence across the region in Hong
Kong, Macau, Mainland China, Taiwan, Thailand and Malaysia. GoIP provides last
-mile DCI to major fiber operators while also serving customers including
telcos, ISPs and internet content providers. By deploying the Smartoptics DCP
-404 muxponder, GoIP was able to reduce its pricing to customers by 40%.

"Smartoptics gave us strategic advice on how to make our DWDM network more
efficient by utilizing the DCP-404 and we are thoroughly impressed with the
results, as are our customers. The 40% price cut really makes us stand out from
the competition and we are proud and happy to share with our customers exactly
how we did it - with Smartoptics. We see great potential for Smartoptics
products in the APAC region and are pleased to expand our collaboration as a
regional distributor of Smartoptics. From now on, Smartoptics will be our first
choice and we are confident that both customers and competitors will be eager to
follow our shining example," says Gary Chow, SVP, Global Business GoIP.

The DCP-404 muxponder was deployed first at GoIP's Singapore network. GoIP also
plans to use the 404 in Hong Kong and will add further Smartoptics products
across its networks. The DCP 404 is designed to improve cost efficiency in many
ways that contributed to the 40% cost decrease.

"The DCP-404 increases fiber utilization with the capability to use four times
100G over a 400G line. This enables an exponential increase in capacity per
wavelength. Going hand in hand with this, the muxponder is designed with
industry leading low-power consumption. The DCP-404 is proving to be a real
difference maker with unmatched cost efficiency, also having a significant
positive effect on environmental sustainability. We are pleased to see GoIP as a
strong business case for the value that our products can deliver to the APAC
region. We look forward to more great future collaboration with them as a
distributor in Asia," says Kent Lidström, CTO Smartoptics.

For more information please contact:
Magnus Grenfeldt
CEO
Smartoptics
+46 73-366 88 77
E-mail: magnus.grenfeldt@smartoptics.com

About Smartoptics

Smartoptics provides innovative optical networking solutions and devices for the
new era of open networking. Our customer base includes thousands of enterprises,
governments, cloud providers, Internet exchanges as well as cable and telecom
operators. We have an open networking approach in everything we do which allows
our customers to break unwanted vendor lock-in, remain flexible and minimize
costs. Our solutions are used in metro and regional network applications that
increasingly rely on data center services and specifications. Smartoptics is a
Scandinavian company founded in 2006. We partner with leading technology and
network solution providers such as Brocade, Cisco and Dell and have a global
reach through more than 100 business partners.
For additional information about Smartoptics, please visit
https://www.smartoptics.com/

About GOIP Group

The GOIP Group is a leading ICT, SD-WAN and Managed Service Provider for
domestic businesses in Mainland China and Asia. We offer a wide spectrum of
services in these regions which includes: SD-WAN, SaaS Accelerations, Cloud
Connectivity, One-Stop ICT services, Global Connectivity, and Global Networking
(ie: MPLS VPN/ SD-WAN and IP Transit etcs). We provide innovative, professional,
and reliable tailor-made solutions for all types of businesses by helping them
to connect across Asia and Worldwide. GOIP's coverage around the world serves
countries across Asia including Vietnam, the Philippines, Malaysia, Singapore,
Mainland China, Hong Kong, Taiwan, the United States and the United Kingdom.
For additional information about the GOIP Group, please visit
https://goipgroup.com/


576885_Smartoptics_GoIP_press_release_221129.pdf

Source

Smartoptics Group AS

Provider

Oslo Børs Newspoint

Company Name

SMARTOPTICS GROUP AS

ISIN

NO0011012502

Symbol

SMOP

Market

Euronext Growth