[December 28, 2020]
UTStarcom Announces a Milestone in the Network Operating System (NOS) Cooperation Agreement
HANGZHOU, China, Dec. 28, 2020 (GLOBE NEWSWIRE) UTStarcom (âUTStarcomâ or the âCompanyâ) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today that it achieved an important milestone in its cooperation with the Research Institute of one of the major mobile network operators (MNO) in China (the âCustomerâ). The Company completed Phase 1 development and integration of the disaggregated network solution and successfully passed the acceptance testing with the Customer.
The goal of the project is to implement an open and disaggregated network platform that is based on a white box switch/router and open-source software and is primarily intended to be used as a carrier-grade networking platform for the access segment of 5G transport network, which operates as IP RAN transport based on Segment Routing technology.
ACM Research Provides Updates on STAR Market IPO of ACM Research (Shanghai)
FREMONT, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) ACM Research, Inc. (“ACM”) (NASDAQ:ACMR), a leading supplier of wafer cleaning technologies for advanced semiconductor devices
, today provided updates on the status of the proposed initial public offering (“STAR Market IPO”) and listing of shares of ACM’s operating subsidiary ACM Research (Shanghai), Inc. (“ACM Shanghai”) on the STAR Market of the Shanghai Stock Exchange.
ACM announced that the Shanghai Securities and Exchange Commission (“SSEC”) has completed its review of the Verification Report of ACM’s self-inspection (“Verification Report”) as prepared by the lead underwriter of the STAR Market IPO. The Verification Report is a response to the allegations regarding ACM’s business and operations contained in a report issued on October 8, 2020 by J Capital Research USA LLC. The SSEC posted the Verification Report on its websit