Ceragon Targets Oil & Gas Firms

PARAMUS, N.J. -- Ceragon Networks Ltd., (CRNT), the #1 wireless hauling specialist, today opened its new competence center in Bergen, Norway, which will be committed to boosting the company's operations serving the Oil and Gas market. The center will spearhead Ceragon's research, sales, support and strategic efforts to the market, as the company continues to expand its onshore and offshore capabilities and offering worldwide.

Ceragon's wireless hauling solutions and turnkey project capabilities allow drilling and exploration companies to build and maintain high-speed communication links between control centers and offshore rigs and vessels, making integrated operations an affordable reality. For oil and gas firms, this means continued connectivity between onshore and offshore locations with much higher capacity and lower latency than satellite solutions and a far lower deployment cost than fiber cables.

Ceragon solutions for the Oil and Gas market include its range of high-power Evolution long-haul systems as well as the PointLink, a unique microwave antenna designed specifically for moving platforms, drilling rigs and floating production, storage, and offload ships (FPSOs). PointLink employs gyro-stabilized antennas which keep constant track and perfect alignment with their counterparts on offshore vessels and on land-based facilities.

Ceragon Networks Ltd. (Nasdaq: CRNT)