Latest news with #DZS
AU Financial Review
7 days ago
- Business
- AU Financial Review
Canadian billionaire latest saviour of fallen Aussie tech pioneer
It's the 43-year-old tech stalwart that just won't die. NetComm Wireless, the company behind Australia's first dial-up modem, has been saved again, this time by a Canadian billionaire who's plucked it out of its second stint in administration in five years. NetComm was headed for the scrapheap after its Nasdaq-listed owner, DZS, filed for bankruptcy in March, less than a year after buying it. The Texas-based DZS bought it for $US7 million from another defunct technology business, Casa Systems – which also went bankrupt – at a $US150 million discount.
Cision Canada
05-05-2025
- Business
- Cision Canada
Zhone Technologies Announces Acquisition of DZS Assets
Launches as a global provider of Fiber Optic Broadband Solutions and Cloud Software Services PLANO, Texas, May 5, 2025 /CNW/ - Zhone Technologies, Inc. ("Zhone" or the "Company") today announced the successful closing of its acquisition (the "Transaction") of substantially all of the assets of DZS Inc., DZS Services Inc. and DZS California Inc. (collectively, " DZS"), including all technology, intellectual property, lab facilities, IT systems, and certain customer and supplier contracts (the " DZS Assets") pursuant to an Asset Purchase Agreement dated as of April 22, 2025 among Zhone and the duly appointed trustee of the DZS Assets (the " Trustee"). The Transaction was completed on May 1, 2025, following the approval and entry of an order by the United States Bankruptcy Court for the Eastern District of Texas approving the sale of the DZS Assets to Zhone. Clayton Zekelman, the Chairman and Chief Executive Officer of Zhone stated, "We are very excited to complete this strategic acquisition and we look forward to working collaboratively with all of the stakeholders of Zhone moving forward." Mr. Zekelman added, "Our team has worked tirelessly within the United States Bankruptcy Court proceedings to reestablish and renew forward-looking partnerships with key third-party development (ODM) and contract manufacturers. These relationships are critical to securing vital silicon chip technology, manufacturing, IT systems, and globally established facilities that will support Zhone's long-term growth." As part of the Transaction, Zhone also exercised its option to acquire all of the issued and outstanding shares of four international subsidiaries of DZS, specifically DZS International Inc., DZS Canada Inc., DZS Solutions India Private Limited, and NetComm Wireless Pty Ltd. (" NetComm") and is separately acquiring the assets of , NetComm pursuant to a separate administration proceedings in Australia (collectively, the " DZS International Subsidiaries"). The acquisition of the former DZS International Subsidiaries aligns with Zhone's broader strategic objective to acquire substantially all of the former DZS assets worldwide. The completion of these international transactions will not only facilitate reengagement of former DZS employees, but will also bolster Zhone's market-leading portfolio to include Fiber Extension Distribution Point Unit (DPU) solutions, Fixed Wireless Access (FWA) solutions, and next-generation WiFi Gateway and Access Point CPE solutions. The acquisition of the DZS Assets and the DZS International Subsidiaries by Zhone, which was first announced via a letter of intent on April 7, 2025 by an affiliate of Zhone, positions the Company as a strong and financially stable global player in the fiber optic broadband industry. Zhone is now poised to leverage the leading technologies and innovations associated with DZS's Velocity TM Optical Line Terminal Systems (OLT), Saber TM Optical DWDM Transport & ROADM Systems, Helix TM Optical Network Terminals (ONT), WiFi Gateways (CPE) and Access Points (AP) as well as Zhone Xtreme TM Cloud Management, Automation and Orchestration Software portfolio. The Company will be headquartered in Plano, Texas, and is committed to maintaining continuity of service for its valued customers, while focusing on the integration and advancement of key technology platforms. Additionally, the Company is actively working to rehire many of the current and former employees of DZS, ensuring that the talent and expertise of the predecessor organization is preserved and further expanded within Zhone . Zhone's focused mission over the immediate term will be to execute and deliver by restoring its technical support services (Zhone Customer Care & Success Programs) to its well-established 25+ year customer base. A key priority will also be to reestablish supply chain operations in order to fulfill purchase order backlog and resume shipments to highly valued customers and channel partners who have remained committed and patient throughout the sale process for the DZS Assets. Following the successful execution of these initial priorities, Zhone will shift toward expansion and embracing new customers and forming strategic partnerships driven by continued innovation and solutions advancement. Zhone's strategic vision is centered on innovation, execution, and the continued development of cutting-edge products and services for the global fiber broadband market. Advisors Bennett Jones LLP and Dykema Gossett PLLC acted as counsel to Zhone Technologies, Inc.. Singer and Levick, P.C. acted as general counsel to the duly appointed Trustee, Grable Martin PLLC acted as special counsel to the Trustee for the Transaction, and Charlie Vogt of Normandy Lane LLC consulting and advisory services, and former CEO of DZS, acted as special consultant to the Trustee for the Transaction. About Zhone Technologies, Inc. Zhone Technologies, Inc. is a leading global provider of fiber optic broadband solutions and cloud software services. Zhone Technologies, Inc. aims to accelerate the growth of the FTTx and cloud software markets by leveraging over 25 years of technology innovation. The Company is headquartered in Plano, Texas, and serves a global customer base with a focus on innovative, high-performance solutions. The shareholder base of the Company brings with it over 25 years of experience in the international telecom industry and other leading industries, operational expertise, financial stability and a continued track record for advancing innovation. SOURCE Zhone Technologies, Inc.
Yahoo
29-04-2025
- Entertainment
- Yahoo
Detroit Zoo's new baby penguin, Atticus, finally viewable to public: When you can see him
On the heels of last week's World Penguin Day, the Detroit Zoo is marking a milestone with the public debut of its newest king penguin chick, Atticus – who weighs a whopping 40 pounds at just eight months old! Baby Atticus' egg was laid in June 2024. King penguin chicks develop for an average of 50 days; he hatched on Aug. 19, 2024. 'His parents had raised a chick before, so they had experience,' said Detroit Zoological Society (DZS) bird department supervisor Lindsay Ireland. 'Whenever our king penguins lay eggs in the habitat, we move them to an area not visible, an off-exhibit holding area, so they can incubate their eggs safely and quietly and not be disturbed by the other birds. King penguins co-parent, so they'll take turns incubating the egg and turns feeding the chick once it's hatched. Once the penguin is older, they spend less time sitting on their parents' feet being brooded, which is just them kind of hunching over and keeping the chick warm.' Now, at eight months, Atticus has begun molting, losing his feathers to completely replace his feather coating. 'Atticus is very curious,' Ireland said of the chick's personality. 'Chunk is his father, and King 25 is his mother. They're both very calm birds, so he kind of inherited that from them. Kings, overall, are a little more standoffish with us. They don't really like to be handled or come up to interact with us a lot, but these parents and Atticus are a little more in tune with what we're doing and they want to know what's going on. 'He likes enrichment that the keepers give to him, so when the parents are out in the habitat and he's in the holding space by himself, the keepers give him mirrors to look at. They give him bubbles and little balls to play with, and he loves all that.' More: Detroit Zoo celebrates World Penguin Day with wild penguin conservation work More: Detroit Zoo announces immersive, 7-acre Discovery Trails project to open in 2026 While still spending most of his time behind the scenes, Atticus has, in fact, made his public debut, to the delight of many zoogoers. Ireland shared when guests might catch a glimpse of the chick, and speculated on what's to come in his next six months. 'He's starting his introductions three times a week, where the public can see him,' she said. 'Every time we have divers in our pool, we bring Atticus out so he can get a little more comfortable with all the other birds in the habitat, so if guests come first thing in the morning on Tuesday, Thursday or Friday, they have a chance of seeing him before he goes back in when our dive team is done. 'Eventually, once he is fully molted and has his waterproof features, he will start going out every day and will start increasing that time. He might just be out for a few hours in the morning and start increasing that to where he's out full-time during the day when our keepers are in the building. We see him, in this timeframe, getting in and out of the pool really well.' Another notable thing about Atticus is his size: At just six months old in February, the chick weighed in at a large-and-in-charge 35.42 pounds – more than either of his parents, and equivalent to the weight of a three- or four-year-old. 'Yeah, he's a big boy,' said Ireland. 'At his heaviest, which was about a week and a half ago, he was over 43 pounds. He's just under 40 pounds right now, which is on the average or a little more than average for kings. But, as soon as he's done molting and starts moving around, he'll start losing weight and become a nice, trim male king penguin.' Ireland also spoke about how Atticus' birth and study fit into DZS' larger goal of promoting and facilitating penguin conservation globally. 'Anytime that we can raise a penguin in captivity, it really helps us be able to spread that message of what it's like in the wild for penguins – specifically (as pertains to) breeding,' she said. 'A lot of wild penguins' food resource is starting to get depleted because of overfishing and climate change, so we can highlight the troubles that penguins in the wild are starting to have, which is starting to cause a decline in their numbers. 'Everybody's really excited about a king penguin chick, or any penguin chick, so we can really start to highlight the conservation side and what's needed to help protect the wild penguins.' The Detroit Zoo is located at 8450 W. 10 Mile Rd., Royal Oak. General admission is $27, with a reduced youth and senior rate of $24. To learn more or plan your visit, go to Contact Free Press arts and culture reporter Duante Beddingfield at dbeddingfield@ This article originally appeared on Detroit Free Press: Detroit Zoo's new baby penguin now viewable: How you can see him
Yahoo
25-04-2025
- Science
- Yahoo
Detroit Zoo celebrates World Penguin Day with wild penguin conservation work
April 25 is World Penguin Day, and the Detroit Zoo is celebrating an ongoing study benefiting wild penguins. Since 2013, the Detroit Zoo has partnered with Falklands Conservation, a nature organization based in the Falkland Islands that monitors seabird and other wildlife populations. As part of their seabird program, Detroit Zoo staff helped count the number of penguins around the region. Staff traveled to various, far-flung islands. Drones were purchased so that workers could do aerial surveys and count that way, saving great time and effort. During that partnership, Falkland Conservation noticed alarming population declines. 'All seabird populations are declining,' said Ann Duncan, Associate Vice President of Life Sciences for the Detroit Zoological Society (DZS). 'The animals that are near to the polar areas of the world are being affected quite a bit by climate change, so they were concerned about the things that might be causing these decreases – particularly the impact petroleum activity in the area might have.' The DZS' bird curator at the time reached out to the animal health team, led by Duncan. In order to create a study that would explore those impacts, Duncan led a small team to the Falklands in 2018, 2019 and 2024, going each time in autumn, which is nesting season. Blood samples and toxicology testing were done to look for evidence of an immune symptom response to various diseases, a process called serology. 'We also look for the pathogens themselves,' said Duncan, 'using PCR and looking for the DNA of the types of pathogens that we think would impact penguins in the wild. It's a big effort. Traveling to the Falklands is challenging; it takes over two days to get there, and we ship our supplies ahead of time. We have to keep the samples cold when we transport them back from the Falklands, so we travel with a great, big dry shipping liquid nitrogen tank that maintains a really cold temperature inside and keeps the samples preserved.' Duncan said the exploration of the samples is ongoing. 'What we do know,' she said, 'is that high path avian influenza is a global concern and has had an impact on some marine mammals in the area north of the Falklands, so we're taking a closer look at that. We see evidence of other diseases, but for the most part, the penguins that we've looked at have been healthy, and that's a good thing to see. 'However, there had been one site where we generally sample the penguins, that the landowner had noticed the number of rock hopper penguins in that colony had decreased by a lot. They didn't want us to go into that colony to collect samples, because they're concerned. There are some areas where the flock sizes are still good, and other areas where the flock sizes are not good, so this kind of work, looking at what's impacting these animals, is important to understanding them.' One thing the study allowed them to do was compare and contrast samples from penguins that were far away from humans and petroleum with populations that were closer to those influences. 'There are so many pressures on wild populations,' said Duncan. 'Some of them are climate, some of them are man-made things like the petroleum industry in the area. One of the reasons why Falklands Conservation wanted to partner with us is because it may be possible to learn if there are certain contaminants in the environment, and measures that could be taken to change things, or policies that could be written that could change the way things are done. If they could prove that there was an impact coming from petroleum shipping or from oil spills or other things going on in the area, they might be able to influence and avoid some of those things moving forward. That's the ultimate goal.' See also: Detroit's Hannan Center called 'one of Michigan's best-kept secrets' for senior citizens Duncan emphasized that science is important, and that every citizen is capable of helping with conservation. 'Science is real,' she said. 'It is evidence-based. It's performed by scientists who are trained, and it can spark and ignite an interest in the people who live in the Detroit area, understanding more about the ways that animal populations are being impacted globally, and looking for ways that they can make a difference. And that can be financial support to an organization that's doing work. It can be just learning more and talking about it, and igniting that spark in other people. It can be visiting the zoo, because when you visit the zoo, your financial support of admission does go toward our conservation programs. That's partly how we fund this. 'And it can be voting. It can be getting active and influencing legislation here in the United States that impacts things like climate change, impacts things like clean water, impacts things that are affecting wildlife everywhere, including in Michigan, in our area, in our footprint. All of those things are interwoven.' David Dimitrie, DZS Director of Conservation, said the work being done here at the Detroit Zoo results in the zoo being able to help animals in the wild. 'By having our animals at the Detroit Zoo,' he said, 'and having our team who are managing them and handling them and taking care of them day in and day out, and having Dr. Ann's team, with their knowledge, we are able to really provide an important health benefit to our partners in the field, and that expertise that I think can help leverage and elevate the conservation work that it happening. 'And so, what we're doing at the Zoo is allowing us to then go out into the field and also help with these important conversation projects. It's really exciting to have the animals here at the zoo, but also to have those skill sets that we can bring back out into the field.' Duncan agreed. 'There's actually a viral disease that is to some extent impacting cat populations in managed care at other zoos and aquariums right now,' she said. 'One of the things we're going to do is test the animals in the wild to understand if this is also impacting wild penguins. That work can also help us inform the care of our animals that live here at the Detroit Zoo, so it does go both ways.' Dimitrie emphasized that the Zoo is proud to be able to add support to projects like this. 'We have a really important skill set and a suite of scientific expertise,' said Dimitrie. 'We have Dr. Ann and her team from the vet and the health side of things. We have our bird team going down as well, and we have our penguins here at the Detroit Zoo. But we're also really focused on their conservation in the field, as well. That baseline data can really help us begin to untangle these different potential threats that the wildlife are facing down in the Falklands. 'But, at the same time, I think one of our roles is to always be thinking and looking ahead to the future and to the next potential conservation challenge that's going to be facing these habitats and these animals down there. Having this relationship and this work already established there can really help us be champions and leaders for helping to guide what the future of conservation may look like.' To learn more or support the Detroit Zoo's conservation efforts, visit To learn more about Falklands Conservation, visit Contact Free Press arts and culture reporter Duante Beddingfield at dbeddingfield@ This article originally appeared on Detroit Free Press: Detroit Zoo celebrates World Penguin Day with conservation work
Yahoo
26-02-2025
- Business
- Yahoo
RTA Selects DZS to Bring World-Class Broadband Services to Texas' Bastrop County
Texas BOOT II funded fiber-to-the-home project to bring symmetrical to over 10,000 rural locations DALLAS, Feb. 26, 2025 (GLOBE NEWSWIRE) -- DZS (OTC: DZSI), a developer of Network Edge and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced that Rural Telecommunications America (RTA), a leading provider of next-generation internet services to rural communities across the United States, has chosen leading-edge DZS Velocity fiber access systems and Helix connected edge Wi-Fi solutions to deliver ' ' internet services to 10,471 unserved rural broadband subscriber locations in Bastrop County, Texas. RTA, which manages more than 15,000 fiber route miles across its 25-state footprint, is leveraging a BOOT II $43 million grant to bring a state-of-the-art fiber-to-the-premises (FTTx) access network to this rural Texas county, east of Austin. Residences in these formerly unserved and underserved locations will now have the opportunity to subscribe to symmetrical gigabit services, with the potential for multi-gigabit services in the future, while businesses will have access to symmetrical gigabit, 10 gigabit, and 100 gigabit services. 'DZS has proven to be an ideal partner to help us continue delivering on our mission to bring to rural communities across America,' said Donald Workman, Chief Operating Officer, RTA. 'Given our positive experience with DZS in our previously announced FTTH network buildout in Texas' Bolivar Peninsula, their Build America, Buy America (BABA) certified solutions and our desire to partner with proven Texas-based companies, DZS and their best-in-class fiber access and in-home broadband solutions were the clear choice. We at RTA are committed to bridging the digital divide, and we are already looking beyond this project to address even more locations throughout Bastrop County and continuing to help build economic and social prosperity for the residents and businesses of this area.' 'RTA is committed to bringing fiber and their capabilities to communities seeking superior broadband, voice and video services throughout Texas and across the country,' said Jeff Liening, SVP Americas Sales, DZS. 'We are proud that RTA has again selected our Velocity systems and Helix solutions to support bridging the digital divide. The BOOT II program is clearly a ramp-up for the $42 billion Broadband Equity Access and Deployment (BEAD) program and funds, of which Texas is the largest recipient, and we believe our success with RTA bodes well as a blueprint for how we can help innovative service providers throughout the U.S. to bring advanced broadband everywhere.' DZS solutions deployed by RTA include: DZS Velocity V2 – This environmentally hardened access edge system offers a 'system-on-a-card' architecture and enables cost-effective support and scale for any gigabit or multi-gigabit service from Gigabit Passive Optical Networking (GPON) to 10 Gigabit Symmetrical (XGS)-PON and beyond DZS Helix 2466 – A portfolio of next-generation PON home gateways featuring dual-band WiFi 6 with whole-home wireless extensions and carrier-grade voice services A wide array of DZS Fiber Access and Connected Edge solutions are BABA-certified and designed to support the needs of rural fiber deployments all across the U.S. both today and in the future. DZS solutions are standards-based, have proven interoperability with most vendors' equipment and can be readily managed and orchestrated alongside third-party solutions. To learn more about DZS, visit . About Rural Telecommunications America, Inc. (RTA) RTA's gigFAST NETWORK® spans over 15,000 fiber route miles across the United States. By utilizing both Fiber-To-The-Home and Fixed Wireless Access technologies, RTA delivers affordable gigFAST INTERNET® to rural communities, empowering residents and businesses to connect online for entertainment, e-learning, telemedicine, and remote work. For more details, visit RTA, RTA logo, Rural Telecommunications of America, Inc., are Trademarks of RTA. About DZS DZS Inc. (OTC: DZSI) is a developer of Network Edge and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere. DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change. This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company's management as of the date hereof. Words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'intend,' 'may,' 'plan,' 'project,' 'seek,' 'should,' 'target,' 'will,' 'would,' variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company's actual results could differ materially and adversely 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, those risk factors contained in the Company's SEC filings available at including without limitation, the Company's annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen effects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. 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. DZS undertakes no obligation to update or revise any forward-looking statements for any reason. For further information see: on Twitter: on LinkedIn: Press Inquiries: Kenny Vesey, Thatcher+ +1 973.518.3644Email: kvesey@ in to access your portfolio
