Smarter optical communication products will be flame retardant, while ensuring ultra-fast connectivity, long-lasting performance, efficiency and scalability
London, United Kingdom – April 5, 2017: Sterlite Tech [BSE: 532374, NSE: STRTECH], an end-to-end global technology leader in smarter digital networks, is now providing high-quality optical fibre cables qualified with harmonised European EU305/2011 Construction Products Regulation (CPR). All cable products in EU need to meet the CPR qualification and carry the CE marking by July 1, 2017.
Sterlite Tech is partnering with leading global telecom operators, ISPs and municipalities to realise the European Commission’s aggressive targets to create a Gigabit society through ultra-fast internet access by 2025 - 1 Gbps connectivity for providers of public services and digitally intensive enterprises, 100 Mbps speed for all urban and rural homes, and uninterrupted 5G broadband coverage for all urban areas. Fibre connectivity is imperative to realise this vision, and as a leader in creating smarter digital infrastructures, Sterlite Tech is enabling this roll-out in Europe and other geographies.
Elaborating on the importance of CPR, Dr. Anand Agarwal, CEO, Sterlite Tech, said, “We design, build, and manage networks for urban and rural connectivity, smart cities, defence and the global telecom industry. We build safe and ‘future-proof’ smarter networks to enable ultra-high speed connectivity. Hence, we understand the criticality of CPR qualification and have adopted it.”
Dr. Anand Agarwal, CEO, Sterlite Tech
Announcing the CPR compliance, Dr. Badri Gomatam, Chief Technology Officer, Sterlite Tech, said, “Our range of internal optical-fibre cables are now compliant with CPR and available with measured Euroclass CE marking and labelling. These optical communication products will significantly improve safety in buildings and civil engineering works, while ensuring long-lasting performance, efficiency, and scalability.”
Sterlite Technologies is an integrated global technology player with presence in over 100 countries, and a strong portfolio of 130 patents. The company is particularly strong in Europe, with technology, sales, distribution and service centres. In the last nine months, Sterlite Tech’s international sales contributed 37% of its overall revenues, while Europe contributed 28% of exports.
Dr. Badri Gomatam, Chief Technology Officer, Sterlite Tech
About Sterlite Technologies:
Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader in smarter digital networks. With a pure-play telecom focused business that develops & delivers optical communication products, network & system integration services and OSS/BSS software solutions, Sterlite Tech has a sales network in six continents. The Company has manufacturing presence in India, China & Brazil, and aims to transform everyday living by delivering smarter networks. With a strong portfolio of over 130 patents, Sterlite Tech is home to India’s only Centre of Excellence for broadband research. Projects undertaken by the company include intrusion-proof smarter data network for the Armed Forces, rural broadband for BharatNet, Smart Cities’ development, and establishing high-speed Fibre-to-the-Home (FTTH) networks.
Forward-looking and cautionary statements: Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies' expected financial position, business strategy, the future development of Sterlite Technologies' operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies' present, future business strategies, and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies' industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies' control, include, but are not limited to, those risk factors discussed in Sterlite Technologies' various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com.