Despite the COVID-19 pandemic and a major economic downturn unfolding in the last quarter, UHP Networks (UHP) recorded the highest revenue and profitability in its history.
At the conclusion of its fiscal year ending April 30, 2020, the Canadian manufacturer of VSAT networking equipment and systems, reports that although business conditions are challenging, it says it continues to see strong demand for its TDMA technology, which UHP claims provides the highest efficiency at the lowest cost available.
In November 2019, UHP entered into an agreement in which Comtech Telecommunications will purchase UHP. The transaction is subject to customary closing conditions.
In the fiscal year 2020, the Canadian manufacturer established itself in maritime broadband connectivity and 4G cellular backhaul over TDMA VSAT and solidified its position in complex high-availability VSAT networks. All company shipments have switched to the new generation of hardware and software products, which includes DVB-S2X, Adaptive Coding and Modulation and 5% roll off in MF-TDMA, Smart Redundancy with dynamic license assignment in the hub systems. The company says it achieved important certifications with several mobile network operators and the three major RAN equipment vendors as well as with several key players in the OpenRAN initiative.
In 2019-2020, UHP significantly expanded its market footprint and achieved strategic wins in a number of key market verticals and regions.
The company maintained its operations at full capacity throughout the COVID-19 pandemic. The product design with its software-defined modular architecture allows UHP, it says, to manage the supply chain in an efficient and effective manner, hence delivery lead times remain unaffected. As part of continued expansion of its service portfolio, UHP recently launched a new cloud-based 24/7/365 technical support service.
There is no slowing down in the pace of technology innovation at UHP. The newest UHP software Release 3.6 provides major improvements in the performance and functionality. More details on UHP 3.6 will be given in an upcoming series of webinars.
Dr. Vagan Shakhgildian, CEO of UHP Networks, said: “These annual results were made possible by the continued loyalty of our great customers and by the outstanding teamwork of our talented staff. In these challenging times of uncertainty created by the global COVID-19 pandemic and the economic downturn, we were able to show innovation, resilience and commitment to our customers. The company continues to invest in further business and technology development. We are hiring more staff and have recently launched an even more ambitious R&D roadmap.”