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HANGZHOU, China, July 15, 2022 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced the Company received a formal notice from NASDAQ that it has regained compliance with Listing Rule 5450(a)(1) as a result of the closing bid price of the Company's common stock has been at $1.00 per share or greater for the last 10 consecutive business days.
About UTStarcom Holdings Corp.
UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan and India. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.
utstarcom utstarcom delivers cutting-edge packet optical transport and broadband access solutions coupled with a carrier grade software defined networking platform to give telecommunications carriers the power to efficiently serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. our goal is to help network operators simplify the process of offering new revenue-generating products and services and run their networks more efficiently. this goal inspired our “simple network, simple operation” philosophy of product design whereby we help customers eliminate unnecessary layers of technical and operational complexity. as a result, network operators can reduce capital expenditures and operational expenses, while maintaining a high level of network reliability, performance and security. we leverage our extensive expertise in packet optical transport, broadband access, wi-fi and next generation video platforms, to develop state-of-the