Clearfield,
Inc. (NASDAQ:CLFD), the specialist in fiber management for
communication service providers, today announced that it is increasing
its manufacturing warehouse space, creating a dedicated, secure research
and development lab, and expanding its manufacturing operations to meet
the increasing demand for its products created by wireless and FTTx roll
outs. This growth takes place at the company’s headquarters in
Minneapolis and its manufacturing facility in Tijuana, Mexico. These
investments are expected to play a key role in lowering Clearfield’s
cost of product manufacturing, and enhance the company’s industry
leading on-time deliveries and short lead times.
These additional facilities expand Clearfield’s manufacturing warehouse
space in company headquarters by 20 percent to improve material handling
and create a more efficient production process. The added space also
provides room for a dedicated, secure, lab environment where independent
labs can witness and verify ongoing product development testing.
Finally, the capital expansion and personnel hires in Mexico enhance the
company’s production capacity. This expansion is a clear indication of
the value the market attributes to Clearfield’s line of fiber management
and fiber delivery solutions and its ability to help expand the range
and reach of fiber networks.
“We’re reaching the tipping point for fiber-based services where the
commercial and market opportunities for both the residential and
business markets cannot tolerate delay,” said Cheri Beranek, Clearfield
president and CEO. “Network operators need products and partners that
can help them lower the operational and capital costs of deploying fiber
and Clearfield is committed to be that partner as our recent expansions
demonstrate.”
About Clearfield, Inc.
Clearfield, Inc. (NASDAQ: CLFD) designs, manufactures and distributes
fiber optic management, protection and delivery products for
communications networks. Our “fiber to anywhere” platform serves the
unique requirements of leading incumbent local exchange carriers
(traditional carriers), competitive local exchange carriers (alternative
carriers), and MSO/cable TV companies, while also catering to the
broadband needs of the utility/municipality, enterprise, data center and
military markets. Headquartered in Minneapolis, MN, Clearfield deploys
more than a million fiber ports each year. For more information, visit www.SeeClearfield.com.
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