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UHP Networks posts record profits for fiscal year ending April 2020

The company maintained its operations at full capacity throughout the Covid-19 lockdown and also launched a cloud-based 24/7/365 technical support service.

Canadian VSAT solutions provider UHP Networks (UHP) has recorded the highest revenue and profitability in its history for its fiscal year ending April 30, 2020. 

The manufacturer said that it continues to see strong demand for its time division multiple access (TDMA) technology, which promises to provide the highest TDMA efficiency at the lowest cost available. In November 2019, UHP entered into an agreement in which Comtech Telecommunications Corp will purchase UHP.  The transaction is subject to customary closing conditions. 

In the fiscal year 2020, UHP Networks entered two market segments such as Maritime Broadband connectivity and 4G Cellular Backhaul over TDMA VSAT and solidified its position in high-availability VSAT networks. 

All company shipments switched to the new hardware and software products, which include DVB-S2X, adaptive coding and modulation and 5% roll-off in MF-TDMA, smart redundancy with dynamic license assignment in the hub systems. 

UHP Networks received certifications with several mobile network operators, three RAN equipment vendors and several key players in the OpenRAN initiative. In 2019-2020 UHP significantly expanded its market footprint including a strategic partnership with a large international network operator for multiple network installations in Latin America and in the Middle East, maritime network in Asia which expanded to over 14,000 vessels, high-availability mesh network with dynamic topology and M:N geographically-redundant hubs in Asia, enterprise network in Africa spanning seven HTS spot beams and includes geographically redundant hubs and 200-site cellular backhaul network in the Asia Pacific providing a flexible and affordable solution.

The company maintained its operations at full capacity throughout the Covid-19 lockdown. As part of the continued expansion of its service portfolio, UHP recently launched a new cloud-based 24/7/365 technical support service. Further, the newest UHP software Release 3.6 looks to provide improvements in performance and functionality.

Commenting on the fiscal report, 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.”