Hitron Delivers A Record Month – Crossing the NT$1.37 Billion, Revenue Milestone in June 2022

Hitron Technologies Inc.(TWSE: 2419) – July 4, 2022 – Hitron (2419), a leading provider of broadband access network products and solutions, announces record month results with historical high in revenue milestone. June 2022 consolidated revenue crossed NT$1.37 billion, up 96% from the same period last year. First half of 2022 accumulated revenues reached NTD5.48 billion, up 6.3% compare to same period last year, and also expects the second half of 2022 to deliver continuous year-on-year growth; with strong growth momentum in core product lines and across all regions.

April Huang, Chairwoman of Hitron Technologies said that the demand for wireless network applications remain strong this year, and current orders are in good condition; coupled with the increased penetration of Wi-Fi 6/6E to further accelerate the wave of device replacement and continuously increase the momentum of business operations. Hitron demonstrated both agility and resilience as it navigated industry-wide supply shortages, pandemic disruptions, and higher inflation to deliver a record month and positive semi-annual business results.

With a stable and solid customer foundation in the Americas, Hitron continues to strengthen its core competitiveness in Customer Premise Equipment (CPE) customized solutions for MSO and Operators, and by delivering time-to-market new products in Cable DOCSIS 3.1 and Wi-Fi Extenders and Routers. These products have also begun shipping in other regions, enabling market breadth with customer expansion in Europe, the Caribbean and Latin America and the Asia-Pacific regions. Moving ahead, Hitron is also geared towards Passive Optical Network (PON) new business engine for the product depth.

The company is confident of a year of growth in 2022 through time-to-market product deliveries and region expansion.

About Hitron Technologies Inc.

Hitron is changing the way the world works, plays and connects. With a growing count of eleven first-to-market DOCSIS launches and powering DOCSIS 3.0 24×8, 32×8, and DOCSIS 3.1 deployments, Hitron has shipped over 40 million DOCSIS units to customers worldwide. Our leadership in broadband and Wi-Fi technology, combined with our vertically integrated manufacturing services, enable us to continually push the envelope of what’s possible and deliver custom, cost-effective and scalable solutions.