Amdocs Drone-Aided Site and Inventory Audits Provides Verizon with a Safe, Rapid Way to Inspect Wireless Infrastructure

JERSEY CITY, NJ / ACCESSWIRE / May 10, 2023 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Verizon selected their Drone-Aided Site Audits solution, a collaboration with Amdocs partner, vHive, to assist in monitoring network assets.

Amdocs Drone-Aided Site and Inventory Audits provides Verizon with an advanced and safe way to gather information about cell sites by increasing the number of sites inspected daily. Working with vHive, the Amdocs solution powers autonomous drone flights, simplifying the data capture process, which is then used to automatically create Digital Twins, also known as a virtual 3D model of a physical asset and digital inventory of assets.

"We're thrilled to leverage cutting-edge technology to help Verizon create Digital Twins of their network assets and simplify monitoring," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Seamless access to inventory for network scaling and optimization enables service providers like Verizon to create the next generation of connected customer experiences at scale."

Amdocs will be showing 5G solutions at Big 5G Event, May 15-17, Austin Convention Center, Austin, Texas.

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About Amdocs

Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our 31,000 employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.58 billion in fiscal 2022. For more information, visit www.amdocs.com

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations 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 will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company's clients' businesses and levels of business activity, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2022 filed on December 13, 2022 and our Form 6-K furnished for the first quarter of fiscal 2023 on February 13, 2023.

Media Contacts:

Michael Zema
Amdocs Public Relations
E-mail: michael.zema@amdocs.com

Emily Holt
PAN Communications for Amdocs
Email: Amdocs@pancomm.com

SOURCE: Amdocs Management Limited