NETGEAR BREAKS INDUSTRY PRICE BARRIER ONCE AGAIN WITH AFFORDABLE 10-GIGABIT 16-PORT WEB MANAGED SWITCH FOR SMALL AND MEDIUM-SIZED BUSINESS NETWORKS
SAN JOSE, Calif. — September 27, 2016 — NETGEAR®, Inc. (NASDAQ: NTGR), a leading provider of networking equipment ,today set a new bar for the networking industry by introducing the NETGEAR ProSAFE® XS716E 16-port 10-Gigabit Ethernet Web Managed (Plus) Switch to its portfolio of the industry’s first affordable 10-Gigabit Copper (10GBASE-T) switches for small and medium-sized businesses (SMBs) including government agencies, educational facilities, and hospitality sites.
The new XS716E is joining the successful XS708Ev2 8-Port version already on the market, offering twice as many ports in the same form factor. These 10GBASE-T offerings are available for as little as $82 per 10-Gigabit Copper Ethernet port, in stark comparison to many 10GBASE-T solutions which can cost $400 per port or more.
The new copper switch expands NETGEAR leadership in future-ready networking technology innovation in 10-Gigabit switching. ProSAFE Web Managed and Smart Managed Switches have been proven to be the go-to choice for SMBs, government, education and hospitality customers, now no longer priced out of 10-Gigabit switching solutions.
“The potent combination of Big Data applications, cloud services, mobile devices, and the deployment of 802.11ac WiFi is putting severe stress on networks, and not only at the enterprise level,” said Richard Jonker, vice president of product line management for SMB products at NETGEAR. “We’ve designed our 10-Gigabit Switching products like the XS716E 16-port Ethernet Web Managed Switch to help price-sensitive small and medium-sized customers who are eager to implement 10-Gigabit solutions to improve network capacity, speed and performance, but who have been shut out by cost until now. Essentially, NETGEAR is breaking the price barrier for 10Gig switches, we are offering management capabilities unseen before at this price category.”
10GBASE-T for small and medium networks
The ProSAFE XS716E provides sixteen 10G copper connectivity ports, with one shared (combination) 10G SFP+ fiber port, at a very affordable price point compared to traditional enterprise switches. With 10GBASE-T, customers can use the standard RJ45 Ethernet jack and the Cat6 or Cat7 copper cable already broadly deployed within their existing network. The network speed can be improved tenfold from Gigabit to 10-Gigabit with minimal network changes.
As part of the ProSAFE Web Managed Switch product family, this 10-Gigabit 16-port version offers some fundamental features beyond those of plug-and-play Unmanaged Switches. These features, for optimizing network performance, include VLAN support, QoS, IGMP snooping, port trunking/link aggregation, rate limiting, and traffic monitoring. The XS716E is ideal for smaller organizations —whether businesses, agencies or educational facilities— considering simple and affordable 10GbE connectivity for their 10G-capable servers and storage devices, or as an aggregation switch for a multiple-layer network.
The XS716E offers the added benefit of the NETGEAR ProSAFE lifetime hardware warranty, lifetime next business day shipping for part replacement, and lifetime technical support where available.
Pricing and Availability
The NETGEAR ProSAFE XS716E 16-port 10-Gigabit Ethernet Web Managed (Plus) Switches available now worldwide through authorized NETGEAR partners and other reseller channels and ecommerce sites.Regional variance may apply to the final pricing for end customers, depending on the reseller and bundled offerings. The expected street price in the U.S. is less than $1,300.
Go to the NETGEAR website to see the company’s full portfolio of 10-Gigabit aggregation switching solutions and the full range of ProSAFE Fully Managed, Smart, and Plus switches for businesses, government agencies, educational facilities and other networks.
About NETGEAR, Inc.
NETGEAR (NASDAQ: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. The Company's products are built on a variety of proven technologies such as wireless (WiFi and LTE), Ethernet and powerline, with a focus on reliability and ease-of-use. The product line consists of wired and wireless devices that enable networking, broadband access and network connectivity. These products are available in multiple configurations to address the needs of the end-users in each geographic region in which the Company's products are sold. NETGEAR products are sold in approximately 28,000 retail locations around the globe, and through approximately 31,000 value-added resellers, as well as multiple major cable, mobile and wireline service providers around the world.The company's headquarters are in San Jose, Calif., with additional offices in approximately 25 countries. More information is available from the NETGEAR investor pageor by calling (408) 907-8000. Connect with NETGEAR on Twitter and Facebook.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease-of-use of NETGEAR's products may not meet the price, performance and ease-of-use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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