DZS Press Releases

Dr. Seungdong Lee Named Global Chief Technology Officer for DASAN Zhone Solutions

Oakland, Calif. – June 30, 2017 – DASAN Zhone Solutions, Inc. (NASDAQ: DZSI) announced today that Dr. Seungdong Lee has been appointed as the Global Chief Technology Officer of the company. Effective today, Dr. Lee will lead product innovation, research and development for DASAN Zhone Solutions (DZS) and continue in his role as technology leader of DASAN Network Solutions, Inc., a wholly owned subsidiary of DZS.

Dr. Lee has served in escalating engineering and product development roles at both DASAN Networks and DASAN Network Solutions during the last 20 years. He will be located at DZS headquarters in Oakland, California reporting directly to Co-CEO, Yung Kim.

“Under Dr. Lee’s leadership DZS will continue to focus on engineering toward the next technology standard,” said Kim. “He has the breadth of knowledge to ensure that DZS’ innovative product portfolio will continue to provide our customers scalable, affordable networking solutions that will keep them ahead of the technology curve.”

Eric Presworsky will depart DZS effective July 11, 2017. Presworsky was one of the founding engineers of Zhone Technologies, Inc. and spent the past 18 years overseeing all technology innovation at the company.

“Eric has made a tremendous impact on the success of DZS,” said Jim Norrod, Co-CEO of DASAN Zhone Solutions, Inc. “He was instrumental in developing the solutions that have allowed DZS to meet the growing bandwidth needs of our carriers and enterprise customers. We are grateful for the contribution he has made to the company.”


About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc. is a global leader in broad-based network access solutions. The company provides solutions in five major product areas including broadband access, Ethernet switching, mobile backhaul, passive optical LAN (POL) and software defined networks (SDN). More than 750 of the world’s most innovative network operators, service providers and enterprises turn to DASAN Zhone Solutions for fiber access transformation. DASAN Zhone Solutions is committed to building the fastest and highest quality All IP Multi-Service solution for its customers. DASAN Zhone Solutions is headquartered in Oakland, California.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. In addition, forward-looking statements include, among others, statements that refer to the company’s compliance with initial listing minimum bid or closing price requirements and the consequences of delisting of the company’s common stock from the Nasdaq Capital Market. Readers are cautioned that actual results could differ materially from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, commercial acceptance of the company’s products; intense competition in the communications equipment market; the company’s ability to execute on its strategy and operating plans; and economic conditions specific to the communications, networking, internet and related industries. In addition, please refer to the risk factors contained in the company’s SEC filings available at www.sec.gov, including without limitation, the company’s most recent reports on Forms 10-K, 10-Q and 8-K. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update or revise any forward-looking statements for any reason.

 

DASAN Zhone Solutions, the DASAN Zhone Solutions logo, and all DASAN Zhone product names are trademarks of DASAN Zhone Solutions, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or products names are all subject to change without notice.

Contact

DASAN Zhone Public Relations
+1 760-814-8194
carla.vallone@portavocepr.com
DASAN Zhone Investor Relations
+1 510-777-7013
+1 510-777-7001
investor-relations@zhone.com