Gaon Broadband Targets North American Market... "Strengthening Cooperation"

[Asia Economy Reporter Hyunseok Yoo] Network solution company Gaon Broadband announced on the 8th that it is targeting the North American market and accelerating the expansion of its business territory. To strengthen its competitiveness in the North American market, it has established a cooperative relationship with Evolution Digital, LLC, a B2B business operator in the North American region, and is actively targeting the North American market by expanding collaboration with PLUME.

PLUME is a cloud-based software and smart service company headquartered in Silicon Valley, providing services such as WiFi optimization, security, and access control. PLUME's position in the industry is unparalleled. The application of PLUME's OpenSync software is considered an essential requirement for global telecommunications operators.

Gaon Broadband was notified last month that it passed the OpenSync certification from PLUME. This means that PLUME guarantees that Gaon Broadband's products fully implement PLUME's services. It signifies that Gaon Broadband has gained a more advantageous position on the sales front for customers adopting PLUME's services.

Moreover, it is noteworthy that this is the industry's first product applying WiFi 6. Comcast, the largest telecommunications operator in North America, has already adopted PLUME's services. Other major operators are also looking for WiFi 6 products compatible with PLUME services, so with this certification acquisition, Gaon Broadband's sales stage is expected to expand further.

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A company official stated, "The sales scale in the North American market is continuously growing, and we expect to achieve 50 million USD next year," citing customer-centric proactive responses and technological capabilities as the background for rapid sales growth.

Gaon Broadband is expected to achieve this year a performance more than double last year's sales, supported by achievements in new major markets including North America and the expansion of its solution business. This growth stands out compared to domestic competitors with a high proportion of domestic sales and is expected to be a positive factor for the highly anticipated initial public offering (IPO) scheduled for next year.

Meanwhile, Gaon Broadband is a subsidiary of Gaon Media, an AI solution specialist company, and is promoting an IPO aiming for listing on the KOSDAQ market next year, selecting Mirae Asset Securities as the lead underwriter.

This content was produced with the assistance of AI translation services.