Prysmian Group Investing To Support Broadband Development And 5G In North America

Prysmian Group Investing To Support Broadband Development And 5G In North America

Additional Capacity And New Technology In Claremont, N.C. Optical Fiber And Cable Plant

A. Pirondini, CEO NA: “We Are Committed To Support The Development Of Digital Communication Infrastructure With The Best Optical Technologies”

Prysmian Group logo design

Milan and Highland Heights, Ky., August 23, 2021— Prysmian Group, world leader in the energy and telecom cable television systems market, revealed today it is investing $85 million in significant devices and innovation upgrades at plants in North America, making it possible for the business to satisfy growing production requirements for telecom clients.

Most of these financial investments and upgrades will occur at the Prysmian Group Claremont, N.C. center to broaden production of optical items. In addition, the Claremont center is anticipated to grow to 620 staff members in the next 18 months, amounting to 70 brand-new tasks.

” Prysmian Group is devoted to support the development required to broaden access to high-speed broadband in North America,” stated Andrea Pirondini, Chief Executive Officer of Prysmian Group North America “The U.S. Rural Digital Opportunity Fund and the Canadian Universal Broadband Fund will likewise assist construct regional economies and offer access to health care services and education chances. Prysmian Group continues to experience strong need in North America for fiber optics in the telecom sector, and is happy to play a lead function as an enabler of the digital change throughout the Country. With these financial investments, we can continue to satisfy consumer requirements in assistance of 5G advancement in the U.S. and Canada,” ended Pirondini.

With a strong tradition in producing fiber optics and cable television for a broad variety of applications, the Group has 4 telecom production websites in the United States. In specific, the Claremont R&D center is the just one of its kind, co-located in a joint fiber optics and fiber optics cable television production center. Products that make Claremont distinct as a center are for instance FlexTube ™ and ezMicroduct ™ cable televisions, with extraordinary fiber density creates made it possible for by bend-insensitive fibers, for which Prysmian Group is the market leader. Thanks to this, the Telecom BU in North America, led by VP Pat Jacobi, supports the development of significant telecoms providers in the Country, therefore continuing its custom as worldwide leader in innovation advancement for brand-new, dependable and effective broadband networks, offering important brand-new capability and alternatives for telecom network operators.

” North America is a tactical market for our Group, and these financial investments are placed into an international strategy to increase our capability to support the digital improvement with ingenious items, going through the advancement of brand-new ultra-broadband fiber optic telecommunication networks” included Philippe Vanhille, EVP Telecom BU of Prysmian Group. “These crucial facilities need to be based upon a high quality and developed to supply high efficiency in time so regarding be prepared for the services of the future like 5G, clever cities, wise transport, clever houses”.

Prysmian Group

Prysmian Group is world leader in the energy and telecom cable television systems market. With practically 140 years of experience, sales of over EUR10 billion, about 28,000 staff members in over 50 nations and 104 plats, the Group is highly placed in modern markets and provides the largest possible variety of items, services, innovations and knowledge. It runs in business of underground and submarine cable televisions and systems for power transmission and circulation, of unique cable televisions for applications in several markets and of medium and low voltage cable televisions for the building and construction and facilities sectors. For the telecom market, the Group makes cable televisions and devices for voice, video and information transmission, using a thorough series of optical fibers, optical and copper cable televisions and connection systems. Prysmian is a public business, noted on the Italian Stock Exchange in the FTSE MIB index.

Media Relations

Lorenzo Caruso

VP Communication & Non-Financial Reporting

Ph. 0039 02 6449.1

lorenzo.caruso@prysmiangroup.com

Investor Relations

Cristina Bifulco

Chief Sustainability Officer and Group Investor Relations Director

Ph. 0039 02 6449.1

mariacristina.bifulco@prysmiangroup.com

Prysmian Group North America

Based in Highland Heights, KY, Prysmian Group North America runs throughout 23 plants and 6 R&D centers with over 5,800 staff members. In 2018, the Group completed the acquisition of General Cabe leading to combined net sales amounting to $4 billion. The Group is highly placed in high tech markets and provides the best possible series of items, services, innovations and knowledge. A world leader in the style, manufacture and sale of wire and cable television items, Prysmian Group North America’s company systems consist of power circulation, specialized, telecoms, trade & installers and energy tasks (HV). Prysmian Group is a public business, noted on the Italian Stock Exchange in the FTSE MIB index. Extra details is offered at na.prysmiangroup.com

Media Relations

Rebecca Mesnil

Head of Marketing & Communications NA

rebecca.mesnil@prysmiangroup.com

Justine David

Mower, on behalf of Prysmian Group

jdavid@mower.com

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