EXFO Receives US$2 Million Order from Global Tier-1 Mobile Network Operator for Comprehensive Service Assurance Solution

Ethernet One, EXFO's centralized and integrated IP/Ethernet service assessment solution, increases operational efficiency and optimizes service delivery performance

QUEBEC CITY, June 23, 2014 /CNW Telbec/ - EXFO Inc. (NASDAQ: EXFO,TSX: EXF) announced today it has received an order worth approximately US$2 million from a global tier-1 mobile network operator for the complete assessment of its mobile backhaul network infrastructure, from turn-up to real-time monitoring and advanced troubleshooting.

EXFO's Ethernet One solution, including BrixNGN service assurance software, BV-3100 Verifiers, and FTB-1 field-portable platforms, was awarded the order based on its ability to meet enhanced service performance delivery, increased operational efficiency, and accelerated time-to-revenue requirements of the global mobile network operator.

The bulk of the order will be recognized in fiscal 2015.

"I am really pleased with this significant deal as it demonstrates that EXFO's centralized and automated end-to-end Ethernet One solution for assessing the complete mobile backhaul network lifecycle is a winning combination," said Claudio Mazzuca, Vice-President of EXFO's Transport and Service Assurance Division. "This contract win with a global tier-1 mobile network operator also bodes well for the future, since the rapid expansion of the mobile industry is clearly creating real-life challenges for our customers and wonderful opportunities for an innovation leader like EXFO."

About EXFO
Listed on the NASDAQ and TSX stock exchanges, EXFO is a leading provider of next-generation test, service assurance and end-to-end quality of experience solutions for mobile and fixed network operators and equipment manufacturers in the global telecommunications industry. EXFO's intelligent solutions with contextually relevant analytics improve end-user quality of experience, enhance network performance and drive operational efficiencies throughout the network and service delivery lifecycle. Key technologies supported include 3G, 4G/LTE, VoLTE, IMS, video, Ethernet/IP, SNMP, OTN, FTTx, xDSL and various optical technologies accounting for more than 38% of the global portable fiber-optic test market. EXFO has a staff of approximately 1600 people in 25 countries, supporting more than 2000 customers worldwide. For more information, visit www.EXFO.com and follow us on the EXFO Blog, Twitter, LinkedIn, Facebook, Google+ and YouTube.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, and we intend that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are statements other than historical information or statements of current condition. Words such as may, expect, believe, plan, anticipate, intend, could, estimate, continue, or similar expressions or the negative of such expressions are intended to identify forward-looking statements. In addition, any statement that refers to expectations, projections or other characterizations of future events and circumstances are considered forward-looking statements. They are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in forward-looking statements due to various factors including, but not limited to, macroeconomic uncertainty as well as capital spending and network deployment levels in the telecommunications industry (including our ability to quickly adapt cost structures with anticipated levels of business and our ability to manage inventory levels with market demand); future economic, competitive, financial and market conditions; consolidation in the global telecommunications test and service assurance industry and increased competition among vendors; capacity to adapt our future product offering to future technological changes; limited visibility with regards to customer orders and the timing of such orders; fluctuating exchange rates; concentration of sales; timely release and market acceptance of our new products and other upcoming products; our ability to successfully expand international operations; our ability to successfully integrate businesses that we acquire; and the retention of key technical and management personnel. Assumptions relating to the foregoing involve judgments and risks, all of which are difficult or impossible to predict and many of which are beyond our control. Other risk factors that may affect our future performance and operations are detailed in our Annual Report, on Form 20-F, and our other filings with the U.S. Securities and Exchange Commission and the Canadian securities commissions. We believe that the expectations reflected in the forward-looking statements are reasonable based on information currently available to us, but we cannot assure that the expectations will prove to have been correct. Accordingly, you should not place undue reliance on these forward-looking statements. These statements speak only as of the date of this document. Unless required by law or applicable regulations, we undertake no obligation to revise or update any of them to reflect events or circumstances that occur after the date of this document.

SOURCE: EXFO inc.

For further information:

Vance Oliver
Director, Investor Relations
[phone], Ext. 23733
[email protected]