During the quarter, Orckit’s PTN solution was selected by
three new customers, out of which two in Europe and one in Latin America. The
company said that revenues from one of these new customers began in the second
quarter of 2012 and revenues from the other two new customers are expected to
begin in the third quarter of 2012.
Orckit is currently engaged with four global OEM channels.
The Company has received sales orders through two other major global OEM’s, one
from Asia and the other from America.
Orckit said that total revenues generated through these
three OEM channels in the last two years were nearly $10 million.
Orckit said that it in discussions with a fourth global OEM
channel to have its products included in the OEM’s portfolio.
Orckit is hopeful its product will be included in the
portfolio to be supplied by this OEM to a telecommunications provider in India
and in other markets.
Orckit has shipped approximately $9 million worth of
products to BSNL to date, through two OEM channels, one of which is ITI.
According to the internal regulations of BSNL, it can issue
a specific follow on order for Orckit equipment in an amount of Indian Rupees
equal to approximately $6.5 million through ITI, not directly through Orckit.
Orckit expected to receive this follow on order during the second quarter of
2012.
