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Ceragon Reports 18.3% Increase in Quarterly Revenue, GAAP EPS of $0.04 Per Share in the Fourth Quarter

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Revenue Diversification, Expense Management, Enable Consistent Profitability

ROSH HA‘AIN, Israel, Feb. 11, 2025 /PRNewswire/ — Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the fourth quarter period ended December 31, 2024.

 

 

Q4 2024 Financial Highlights:

Revenues of $106.9 million, up 18.3% from $90.4 million in the same quarter last yearOperating income of $9.5 million on a GAAP basis, or $12.2 million on a non-GAAP basisNet Income of $3.6 million on a GAAP basis, or $7.7 million on a non-GAAP basisEPS of $0.04 per diluted share on a GAAP basis, or $0.09 per diluted share on a non-GAAP basis

FY 2024 Financial Highlights:

Revenues of $394.2 million, up 13.5% year-over-year, in-line with full-year guidance and the highest level since 2012Record Operating income of $38.7 million on a GAAP basis, or a record $48.8 million on a non-GAAP basisNet income of $24.1 million on a GAAP basis, or $36.4 million on a non-GAAP basisEPS of $0.27 per diluted share on a GAAP basis, or $0.41 per diluted share on a non-GAAP basis

Q4 2024 Business Highlights:

India: all-time record quarterly revenues.Improving visibility in India as commercial terms for 2025 with two major customers are being finalizedNew IP-50EXA product, including features that have been requested by existing customers in India and other markets, expected to be delivered in the second half of 2025Pricing and operational efficiency providing advantages vs. competitorsNorth America: Bookings increased sequentially compared to the third quarterImproved bookings from North America and primarily tier-1 service providers offset delays from private network customersStrong quarter in APAC, winning business that included Siklu by Ceragon products

“This was a record year for Ceragon, achieving record operating profit on the highest revenue levels since 2012, while continuing to execute our growth strategy,” commented Doron Arazi, Ceragon’s Chief Executive Officer. “We expanded our presence in the key market of India, grew our private network business, and made two acquisitions that have bolstered our offerings in the fastest-growing segment of the market, the private networks and mmW equipment markets for both private and public networks. I believe we enter 2025 in the strongest competitive position since I joined the company, with best-of-breed solutions targeting a broad pipeline of opportunities in multiple verticals.”

Arazi concluded, “While near-term visibility across the industry is limited, especially regarding order timing within our core markets from tier-one service providers, we remain cautiously optimistic that 2025 may eventually be a year of growth and improved profitability as we see initial recovery signs in the CSP market, reported by RAN and fiber vendors and as we execute our plans to further increase our market share in private networks.”

Primary Fourth Quarter 2024 Financial Results:

Revenues were $106.9 million, up 18.3% from $90.4 million in Q4 2023 and up 4.1% from $102.7 million in Q3 2024. The revenue for the fourth quarter of 2024 was the highest quarterly revenue level since Q4 2014.

GAAP Gross profit was $36.4 million, with gross margins of 34.0%, compared to a gross margin of 34.4% in Q4 2023.

GAAP Operating income was $9.5 million compared with $4.2 million in Q4 2023 and $14.6 million for Q3 2024.

GAAP Net income (loss) was $3.6 million, or $0.04 per diluted share, compared with $(1.2) million, or $(0.01) per diluted share for Q4 2023 and $12.2 million, or $0.14 per diluted share for Q3 2024.

Non-GAAP results were as follows: Gross margin was 34.3%, operating income was $12.2 million, and net income of $7.7 million, or $0.09 per diluted share.

Primary Full-Year 2024 Financial Results:

Revenues were $394.2 million, up 13.5% from $347.2 million in 2023 and the highest full-year revenue level since 2012.

GAAP Gross profit was $136.9 million, with gross margins of 34.7%, compared to a gross margin of 34.5% in 2023.

GAAP Operating income was a record $38.7 million compared to $21.2 million for 2023.

GAAP Net income was $24.1 million, or $0.27 per diluted share, compared to $6.2 million, or $0.07 per diluted share for 2023. Full-year GAAP net income was the highest since 2008.

Non-GAAP results were as follows: Gross margin was 35.1%, operating profit was a record $48.8 million, and net income was $36.4 million, or $0.41 per diluted share.

Balance Sheet

Cash and cash equivalents were $35.3 million on December 31, 2024, compared to $28.2 at December 31, 2023.

For a reconciliation of GAAP to non-GAAP results, see the attached tables.

Revenue Breakout by Geography:

Q4 2024

India

52 %

EMEA

15 %

North America

12 %

APAC

11 %

Latin America

10 %

Outlook

For 2025, management expects revenue between $390 million and $430 million, inclusive of contributions from the E2E acquisition. Management expects Non-GAAP operating margins to be at least 10% at the low end of this revenue range, with improved free cash flow compared to 2024.

Conference Call

The Company will host a Zoom web conference today at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Recent geopolitical events could impact the live question and answer session. In this unlikely event, management’s prepared remarks will be pre-recorded, and the question and answer session would be rescheduled.

The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration.

If you are unable to join the live call, a replay will be available on our website at www.ceragon.com within 24 hours after the call. 

About Ceragon

Ceragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users.

Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more, who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries.

Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast to deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources – driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the “connectivity everywhere” era.

For more information please visit: www.ceragon.com 

Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.

Safe Harbor

This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon’s management about Ceragon’s business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as “may”, “plans”, “anticipates”, “believes”, “estimates”, “targets”, “expects”, “intends”, “potential” or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.

Although we believe that the 1projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon’s future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the effects of the evolving nature of the war situation in Israel and the related evolving regional conflicts; the effects of global economic trends, including recession, rising inflation, rising interest rates, commodity price increases and fluctuations, commodity shortages and exposure to economic slowdown; risks associated with the recent acquisition of End 2 End Technologies; risks associated with delays in the transition to 5G technologies and in the 5G rollout; risks relating to the concentration of our business on a limited number of large mobile operators and the fact that the significant weight of their ordering, compared to the overall ordering by other customers, coupled with inconsistent ordering patterns, could negatively affect us; risks resulting from the volatility in our revenues, margins and working capital needs; disagreements with tax authorities regarding tax positions that we have taken could result in increased tax liabilities; the high volatility in the supply needs of our customers, which from time to time lead to delivery issues and may lead to us being unable to timely fulfil our customer commitments; and such other risks, uncertainties and other factors that could affect our results of operation, as further detailed in Ceragon’s most recent Annual Report on Form 20-F, as published on March 21, 2024, as well as other documents that may be subsequently filed by Ceragon from time to time with the Securities and Exchange Commission.

We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Ceragon does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.

While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon’s views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.

The results reported in this press-release are preliminary and unaudited results, and investors should be aware of possible discrepancies between these results and the audited results to be reported, due to various factors.

Ceragon’s public filings are available on the Securities and Exchange Commission’s website at www.sec.gov and may also be obtained from Ceragon’s website at www.ceragon.com.

Logo: https://mma.prnewswire.com/media/1704355/Ceragon_Networks_Ltd_Logo.jpg

Ceragon Investor & Media Contact:
Rob Fink
FNK IR
Tel.: +1-646-809-4048
crnt@fnkir.com

 

 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(U.S. dollars in thousands, except share and per share data)

 

 

Three months ended

Year ended

December 31,

December 31,

2024

2023

2024

2023

Revenues

106,932

90,359

394,190

347,179

Cost of revenues

70,550

59,296

257,339

227,310

Gross profit

36,382

31,063

136,851

119,869

Operating expenses:

  Research and development, net

8,969

9,070

34,951

32,274

Sales and Marketing

11,077

10,544

44,717

40,577

General and administrative

5,374

6,445

14,220

23,793

Restructuring and related charges

–

–

1,416

897

Acquisition- and integration-related charges

283

835

1,660

1,118

Other operating expenses

1,160

–

1,160

–

Total operating expenses

26,863

26,894

98,124

98,659

Operating income

9,519

4,169

38,727

21,210

Financial expenses and others, net

4,863

3,402

11,474

8,468

Income before taxes

4,656

767

27,253

12,742

Taxes on income

1,046

1,970

3,190

6,522

Net income (loss)

3,610

(1,203)

24,063

6,220

Basic net income (loss) per share

0.04

(0.01)

0.28

0.07

Diluted net income (loss) per share

0.04

(0.01)

0.27

0.07

Weighted average number of shares used in

computing basic net income (loss) per share

87,207,634

85,054,173

86,191,178

84,617,774

Weighted average number of shares used in

computing diluted net income (loss) per share

89,987,560

85,054,173

88,460,001

85,482,626

 

 

 

 

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

 

 

December 31,

December 31,

2024

2023

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

35,311

28,237

Trade receivables, net

149,619

104,321

Inventories

59,693

68,811

Other accounts receivable and prepaid expenses

16,415

16,571

Total current assets

261,038

217,940

NON-CURRENT ASSETS:

Severance pay and pension fund

4,915

4,985

Property and equipment, net

36,764

30,659

Operating lease right-of-use assets

16,702

18,837

Intangible assets, net

16,791

16,401

Goodwill

7,749

7,749

Other non-current assets

1,037

1,954

Total non-current assets

83,958

80,585

Total assets

344,996

298,525

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Trade payables

91,157

67,032

Deferred revenues

2,573

5,507

Short-term loans

25,200

32,600

Operating lease liabilities

2,971

3,889

Other accounts payable and accrued expenses

29,547

23,925

Total current liabilities

151,448

132,953

LONG-TERM LIABILITIES:

Accrued severance pay and pension

8,359

9,399

Deferred revenues

–

670

Operating lease liabilities

12,936

13,716

Other long-term payables

5,928

7,768

Total long-term liabilities

27,223

31,553

SHAREHOLDERS’ EQUITY:

Share capital

224

224

Additional paid-in capital

447,377

437,161

Treasury shares at cost

(20,091)

(20,091)

Other comprehensive loss

(10,060)

(8,087)

Accumulated deficit

(251,125)

(275,188)

Total shareholders’ equity

166,325

134,019

Total liabilities and shareholders’ equity

344,996

298,525

 

 

 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

(U.S. dollars, in thousands)

 

 

Three months ended

Year ended

December 31,

December 31,

2024

2023

2024

2023

Cash flow from operating activities:

Net income (loss)

3,610

(1,203)

24,063

6,220

Adjustments to reconcile net income (loss) to
net cash provided by operating activities:

Depreciation and amortization

3,251

2,466

12,112

9,967

Loss from sale of property and equipment, net

38

–

207

61

Stock-based compensation expense

921

938

4,298

3,964

Decrease (increase) in accrued severance pay and

 pensions, net

(239)

88

(970)

(267)

Decrease (increase) in trade receivables, net

(28,437)

1,856

(46,224)

(2,370)

Decrease in other assets (including other accounts
receivable, prepaid expenses, other non-current
assets, and the effect of exchange rate changes on    
cash and cash equivalents)

3,656

15,085

1,344

16,994

Decrease (increase) in inventory

(309)

4,681

7,606

6,303

Decrease in operating lease right-of-use assets

939

794

4,632

3,781

Increase (decrease) in trade payables

15,291

(1,121)

23,032

(1,847)

Increase (decrease) in other accounts payable and
accrued expenses (including other long-term payables)

3,549

(2,720)

3,898

1,677

Decrease in operating lease liability

(689)

(73)

(4,196)

(4,034)

Decrease in deferred revenues

(452)

(9,830)

(3,604)

(9,562)

Net cash provided by operating activities

1,129

10,961

26,198

30,887

Cash flow from investing activities:

Purchases of property and equipment, net

(3,727)

(2,548)

(14,581)

(9,955)

Software development costs capitalized

(645)

(661)

(1,883)

(2,944)

Payments made in connection with business    
acquisitions, net of acquired cash

–

(7,971)

–

(7,971)

Net cash used in investing activities

(4,372)

(11,180)

(16,464)

(20,870)

Cash flow from financing activities:

Proceeds from exercise of stock options

5,071

9

5,878

39

Repayments of bank credits and loans, net

–

(5,600)

(7,400)

(4,900)

Net cash provided by (used in) financing activities

5,071

(5,591)

(1,522)

(4,861)

Effect of exchange rate changes on cash and cash equivalents

(531)

81

(1,138)

133

Increase (decrease) in cash and cash equivalents

1,297

(5,729)

7,074

5,289

Cash and cash equivalents at the beginning of the period

34,014

33,966

28,237

22,948

Cash and cash equivalents at the end of the period

35,311

28,237

35,311

28,237

 

 

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS

(U.S. dollars in thousands, except share and per share data)

Three months ended

December 31,

Year ended

December 31,

2024

2023

2024

2023

GAAP Cost of revenues

70,550

59,296

257,339

227,310

Stock-based compensation expenses

(121)

(115)

(495)

(485)

Amortization of acquired intangible assets

(189)

(57)

(756)

(57)

Excess cost on acquired inventory in business combination (*)

–

(525)

(124)

(525)

Non-GAAP Cost of revenues

70,240

58,599

255,964

226,243

GAAP Gross profit

36,382

31,063

136,851

119,869

Stock-based compensation expenses

121

115

495

485

Amortization of acquired intangible assets

189

57

756

57

Excess cost on acquired inventory in business combination (*)

–

525

124

525

Non-GAAP Gross profit

36,692

31,760

138,226

120,936

GAAP Research and development expenses

8,969

9,070

34,951

32,274

Stock-based compensation expenses

(192)

(156)

(701)

(828)

Loss from termination of joint development agreement

–

(1,199)

–

(1,199)

Non-GAAP Research and development expenses

8,777

7,715

34,250

30,247

GAAP Sales and marketing expenses

11,077

10,544

44,717

40,577

Stock-based compensation expenses

(332)

(320)

(1,356)

(1,416)

Amortization of acquired intangible assets

(117)

(49)

(622)

(49)

Non-GAAP Sales and marketing expenses

10,628

10,175

42,739

39,112

GAAP General and administrative expenses

5,374

6,445

14,220

23,793

Stock-based compensation expenses

(276)

(347)

(1,746)

(1,238)

Non-GAAP General and administrative expenses

5,098

6,098

12,474

22,555

GAAP Restructuring and related charges

–

–

1,416

897

Restructuring and related charges

–

–

(1,416)

(897)

Non-GAAP Restructuring and related charges

–

–

–

–

GAAP Acquisition- and integration-related charges

283

835

1,660

1,118

Acquisition- and integration-related charges

(283)

(835)

(1,660)

(1,118)

Non-GAAP Acquisition- and integration-related charges

–

–

–

–

GAAP Other operating expenses

1,160

–

1,160

–

Other operating expenses

(1,160)

–

(1,160)

–

Non-GAAP other operating expenses

–

–

–

–

 

 

 

 

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS

(U.S. dollars in thousands, except share and per share data)

 

 

 

Three months ended

Year ended

December 31,

December 31,

2024

2023

2024

2023

GAAP Operating income

9,519

4,169

38,727

21,210

Stock-based compensation expenses

921

938

4,298

3,967

Amortization of acquired intangible assets

306

106

1,378

106

Excess cost on acquired inventory in business combination (*)

–

525

124

525

Loss from termination of joint development agreement

–

1,199

–

1,199

Restructuring and other charges

–

–

1,416

897

Acquisition- and integration-related charges

283

835

1,660

1,118

Other operating expenses

1,160

–

1,160

–

Non-GAAP Operating income

12,189

7,772

48,763

29,022

GAAP Financial expenses and others, net

4,863

3,402

11,474

8,468

Leases – financial income (expenses)

15

(754)

(167)

253

Non-cash revaluation expenses associated with business combination

(1,385)

(110)

(1,703)

(110)

Non-GAAP Financial expenses and others, net

3,493

2,538

9,604

8,611

GAAP Tax expenses

1,046

1,970

3,190

6,522

Non-cash tax adjustments

–

(478)

(413)

(2,851)

Non-GAAP Tax expenses

1,046

1,492

2,777

3,671

GAAP Net income (loss)

3,610

(1,203)

24,063

6,220

Stock-based compensation expenses

921

938

4,298

3,967

Amortization of acquired intangible assets

306

106

1,378

106

Excess cost on acquired inventory in business combination (*)

–

525

124

525

Loss from termination of joint development agreement

–

1,199

–

1,199

Restructuring and other charges

–

–

1,416

897

Acquisition- and integration-related charges

283

835

1,660

1,118

Other operating expenses

1,160

–

1,160

–

Leases – financial expenses (income)

(15)

754

167

(253)

Non-cash revaluation expenses associated with business combination

1,385

110

1,703

110

Non-cash tax adjustments

–

478

413

2,851

Non-GAAP Net income

7,650

3,742

36,382

16,740

GAAP Basic net income (loss) per share

0.04

(0.01)

0.28

0.07

GAAP Diluted net income (loss) per share

0.04

(0.01)

0.27

0.07

Non-GAAP Diluted net income per share (**)

0.09

0.04

0.41

0.20

(*) Consists of charges to cost of revenues for the difference between the fair value of acquired inventory in business combination, which was recorded at fair value, and the actual cost of this inventory, which impacts the Company’s gross profit.

(**) Weighted average number of shares used in computing diluted net income per share is the same as in GAAP

 

 

 

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SOURCE Ceragon Networks Ltd.

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Delixi Electric at the 140th Canton Fair Expanding Solutions Strengthening Global Partnerships

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GUANGZHOU, China, Oct. 26, 2026 /PRNewswire/ — The 140th China Import and Export Fair, widely known as the Canton Fair, opened in Guangzhou on October 15, 2026, marking the event’s 70th anniversary. Delixi Electric returned with an expanded portfolio spanning power distribution, industrial control, home electrical products and tools, while inviting distributors and business partners worldwide to explore new opportunities for cooperation.

Under the brand philosophy “Making it happen,” the company presented products for industrial, commercial and residential applications. The display was designed to give international customers more choice and help channel partners broaden their offerings.

A key highlight was the official Canton Fair debut of Delixi Electric’s tool portfolio. Presented under the theme “The right tool for every task,” the range covers hand tools, power tools and measuring tools. A dedicated trial area allowed visitors to experience the products firsthand.

Among Delixi Electric’s industrial offerings, the H500 Series high-performance vector drive and CDC8 Series AC contactor were key highlights. Winner of the 2025 iF Design Award and a CIIF industrial automation award, the H500 targets mid- to high-end drive applications, while the CDC8 supports reliable control in demanding equipment-manufacturing environments. The wider display also featured wall switches, multi-standard sockets and adapters, and power distribution products.

Qi Wenjie, General Manager of Delixi Electric’s Overseas Business Division, said:

“For many years, the Canton Fair has been an important platform for us to understand how market needs are evolving and to engage closely with customers and partners from around the world. As the Fair marks its 70th anniversary, we are pleased to meet global customers and partners here once again.”

“For Delixi Electric, participating in the Canton Fair is about more than presenting individual products. It is also an opportunity to better understand local needs, demonstrate our broader capabilities in power distribution, and explore long-term value together with our customers and partners.”

Since its Canton Fair debut in 2023, Delixi Electric has participated for four consecutive years. Its business network now covers more than 80 countries and regions.

Looking ahead, the company will continue investing in product development, quality management, international certification, supply chain capabilities and local service. By expanding its portfolio and working closely with local partners, Delixi Electric aims to support market development and create sustainable growth opportunities for distributors, customers and industry partners worldwide.

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SSI SCHAEFER’s Four-Way Pallet Roaming Shuttle Is Expanding Warehouse Design Possibilities

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SEOUL, South Korea, Oct. 26, 2026 /PRNewswire/ — For warehouse operators in South Korea, warehouse design is increasingly shaped by competing demands: making better use of available space, managing labor constraints and maintaining reliable operations without committing to automation that exceeds business needs.

The challenge is not simply to store more pallets, but to determine how storage capacity can be configured around the inventory characteristics and the movement the operation actually requires.

Rethinking the use of warehouse space

Warehouse capacity is often assessed by the number of pallet positions available. However, the same building footprint can support different storage configurations, each with its own implications for accessibility, material flow and operating requirements.

Four-way pallet roaming shuttles, such as the SSI Pallet Roaming Shuttle, use onboard multi-sensor navigation to determine their position, monitor their surroundings in real time, and accurately detect obstacles. This enables flexible pallet handling across multiple storage levels, opening up greater possibilities for high-density, single- or multi-deep pallet storage configurations.

For facilities where building expansion is restricted, the ability to use available space more effectively can be an important design consideration. With system heights of 24 metres and options for 40 metres subject to configuration, solutions like the shuttle allow warehouse planners to evaluate storage designs that make greater use of the space.

Matching movement capability to operational needs

The significance of four-way movement lies in the flexibility it introduces into storage design. This can be particularly relevant to manufacturing operations storing raw materials or finished goods, food and beverage distribution, and temperature-controlled warehouses where storage conditions and space utilisation are crucial design considerations.

The shuttle supports payloads of up to 3000 kg and uses RFID and photoelectric positioning, with a specified positioning accuracy of ±5 mm. Operating at a maximum aislewise speed of 1.5 m/s when loaded and 1.6 m/s when unloaded, it provides a technical basis for evaluating its suitability against a warehouse’s storage and movement requirement.

Automation solving the right challenges, at the right time

For South Korean warehouse operators facing a rapidly aging population and labor constraints, the question is whether automating pallet storage and movement will address a meaningful operational need. Suited to medium-to-low SKU ranges and lower-throughput applications, the SSI Pallet Roaming Shuttle is worth considering where frequent retrievals and reduced reliance on repetitive manual handling are priorities, rather than high-volume pallet retrieval.

“The value of warehouse automation lies in how well a system fits the operation it is designed to serve. More automation does not automatically mean a better warehouse.

The real measure of an effective solution is how well its storage density, retrieval capability and throughput match the operation’s needs. Investing in capacity or performance that the business cannot fully utilise—or sacrificing retrieval flexibility for density—misses the point of warehouse automation,” said Jeon Jae Beom, Head of Sales, SSI Schaefer Korea.

For South Korean businesses balancing space, labor and investment pressures, the key is to select systems according to its intended role in the wider operation, not on the assumption that greater automation will resolve every capacity or productivity challenge.

For more information, visit www.ssi-schaefer.com/ko-kr.

About SSI SCHAEFER

The SSI SCHAEFER Group is a leading global solution provider for all areas of intralogistics. With innovative technologies and software, the company empowers small to medium-sized enterprises as well as large companies to increase the efficiency and sustainability of their storage, picking, and transport processes. SSI SCHAEFER offers complete solutions ranging from fully automated warehouses with tailored service and maintenance packages to robotics and automated guided vehicles, as well as manual and semi-automated systems such as workstations, racks and containers.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ssi-schaefers-four-way-pallet-roaming-shuttle-is-expanding-warehouse-design-possibilities-302917779.html

SOURCE SSI Schaefer Korea

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Heybike Launches V1 Pro, a 72V Power Beast with 8,000W Peak Power and Bigger Attitude

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ONTARIO, Calif., Oct. 23, 2026 /PRNewswire/ — Heybike today announced the launch of the V1 Pro, a 72V electric dirt bike designed for riders who want bigger tires, bigger attitude, and ultimate off-road performance. With 8,000W peak power, 17-inch front and 14-inch rear tires, and Wheelie Boost Assist, the V1 Pro delivers powerful off-road performance while featuring hydraulic disc brakes and a magnetic emergency kill switch. Available now on Heybike’s official website, the V1 Pro is offered at an Early Bird price of $1,999, compared with its $2,199 MSRP.

The 72V Power Beast, Ready for Every Trail

With its oversized Big Foot tires, bold styling, and powerful 72V drive system, the Heybike V1 Pro is built to stand out. Delivering 8,000W peak power and 250 N•m of wheel torque, it reaches speeds of up to 50 MPH and tackles inclines of up to 45°, bringing serious power to demanding off-road adventures.

Its staggered 17-inch front and 14-inch rear Big Foot tires provide a larger rear contact patch for traction, while 285 mm of ground clearance helps the bike clear rocks, roots, and ruts. A 150 mm-travel front fork and rear hydraulic shock help absorb bumps on uneven terrain.

Powered by a 72V 27Ah battery with 1,944 Wh of capacity, the Heybike V1 Pro offers a range of up to 60 miles on a single charge, with charging taking approximately 5.5–6 hours using the included 84V 5A charger.

Smart Control. Your Ride, Your Way.

The Heybike app lets riders adjust speed limits and throttle response, choose from ECO, LINEAR, and SPORT riding modes, and configure regenerative braking to suit their riding preferences and terrain.

For added personalization, an optional Bluetooth speaker and horn accessory supports music playback and multiple simulated motorcycle engine sounds.

Enhanced Protection for Every Adventure

The Heybike V1 Pro combines performance with multiple safety-focused features. Its 220 mm front and 190 mm rear hydraulic disc brakes provide stopping power, while regenerative braking adds another layer of deceleration control.

A magnetic emergency kill switch is designed to cut power if the rider falls or steps away from the bike. A throttle-reset safety mechanism prevents power delivery until the throttle has returned to its reset position.

The Heybike V1 Pro features a UL 2849-certified battery system and an IPX6 waterproof rating, offering added protection for outdoor riding in changing weather conditions.

Together, these features complement the V1 Pro’s performance-focused design with added control and protection for off-road riding.

Wheelie Boost Assist: Unleash Your Wild Side

Experience wheelies like never before. With just a single mode control, Wheelie Boost™ lifts the front wheel to a fixed angle, safely turning a complex trick into an exciting riding experience. Less effort, more wild — unleash your bigger attitude and take your V1 Pro ride to the next level.

Bring the Family Together. Conquer Every Terrain.

More than an off-road ride, the Heybike V1 Pro opens the door to shared outdoor adventures and memorable family moments. Designed to bring riders together, it makes weekend trail rides and outdoor exploration opportunities for parents and teens to connect, build confidence, and discover new terrain side by side.

From family outings to challenging off-road adventures, the V1 Pro brings power, excitement, and the freedom to explore together.

A Step Up From the Original Heybike V1

Launched in the first half of 2026, the Heybike V1 quickly gained popularity among teens across the United States. Building on that success, the V1 Pro takes off-road performance to the next level with nearly 100% more peak power, 43.8% greater battery capacity, 11% higher top speed, 20% more range, and a 50% higher maximum climbing angle.

Beyond raw power, the V1 Pro delivers 31.5% more wheel torque and 14.5% greater ground clearance, along with stronger front and rear suspension system for a smoother ride. Its larger 17-inch front and 14-inch rear Big Foot tires further enhance off-road control and rear traction, while the full-size frame is designed to accommodate a broader range of riders.

Make Their Next Ride Unforgettable

The Heybike V1 Pro is available now for $1,999 (MSRP $2,199). Customers can also receive a limited-quantity launch gift box with their purchase, while supplies last. 

More riding challenges, giveaways, and community activities are on the way. Stay tuned for more ways to ride, connect, and share the adventure.

Shop the Heybike V1 Pro on its official website.

About Heybike

Heybike is a leading global e-bike brand making joy easy to reach for every age and every terrain, from city commutes to off-road adventures, blending accessible innovation, safety-first engineering, and design that connects. Every ride connects you to a worldwide community — to your family, to your city, and to the simple joy of moving. Learn more on Heybike’s official website.

View original content to download multimedia:https://www.prnewswire.com/news-releases/heybike-launches-v1-pro-a-72v-power-beast-with-8-000w-peak-power-and-bigger-attitude-302918913.html

SOURCE Heybike

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