GlobeNewswire Inc | Oct 28, 2021 09:01AM EDT

October 28, 2021

PLANO, Texas, Oct. 28, 2021 (GLOBE NEWSWIRE) -- DZS (NASDAQ: DZSI), a global leader in broadband connectivity systems and platforms, and communications software solutions, today announced an agreement with Jabil Inc. (NYSE: JBL) to significantly expand its manufacturing services in support of the fast-growing demand for DZS broadband access, mobile transport and connected premises equipment solutions globally. This expansion will further the companys manufacturing footprint and improve economies of scale.

Jabil provides DZS the technical alignment, manufacturing scalability, and agility required to meet the strong demand for leading-edge, next-generation fiber access products and 5G xHaul offerings in 2021 and beyond, said Charlie Vogt, President and CEO, DZS. Jabils manufacturing and supply chain expertise, plus agility, will enable DZS to advance our hybrid manufacturing and supply chain sustainability strategy that minimizes risk in light of world events, including pandemics and natural disasters, so that we can deliver what our customers need, when they need it, at an optimized price.

With premier facilities in Vietnam, Malaysia, Ukraine, Hungary, Brazil, the U.S. and Mexico, Jabils global manufacturing presence gives DZS the capability to build anything anywhere in response to customer demand or to mitigate the supply chain impacts of unforeseen world events. This flexible manufacturing strategy is augmented by DZS own significant production line investments at the companys U.S.-based facility in Seminole, Florida, to support world-class quality and standards.

DZS is positioned for rapid growth at the convergence of fixed and wireless networks, said Emanuele Cavallaro, President of Communications, Cloud & Compute Division at Jabil. The increased collaboration speaks to our mutual competitive strengths at this time of unprecedented innovation and growth in the telecommunications industry, positioning us to support game-changing opportunities like broadband stimulus initiatives in the U.S. and similar rural connectivity and high-speed broadband investments around the world.

Prior to this expansion, Jabil had been manufacturing elements of the DZS O-Series carrier-grade optical products for the network edge, featuring 100 Gigabits per second (Gbps) and above capacity, and environmentally hardened Dense Wavelength Division Multiplexing (DWDM) coherent optics in its Penang, Malaysia facility.

For more information regarding DZS solutions, visit https://dzsi.com.

About DZS

DZS Inc.(NSDQ: DZSI) is a global leader in broadband connectivity systems and platforms, and communications software solutions with more than 20 million products in service with customers and alliance partners spanning more than 100 countries.

DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Companys management as of the date hereof. Words such as anticipate, believe, continue, could, estimate, expect, forecast, goal, intend, may, plan, project, seek, should, target, will, would, variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Companys actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Companys SEC filings available atwww.sec.gov, including without limitation, the Companys annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. DZS undertakes no obligation to update or revise any forward-looking statements for any reason.

For further information see:www.DZSi.com.DZS on Twitter: https://twitter.com/dzs_innovationDZS on LinkedIn: https://www.linkedin.com/company/DZSi/

Press Inquiries:McKenzie Hurst, Thatcher+Co.Phone: +1 646.893.0036Email:mhurst@thatcherandco.com