NETGEAR DELIVERS INDUSTRY’S MOST AFFORDABLE MULTI-GIG 4 X 4 WAVE 2 AC WIRELESS ACCESS POINT

SAN JOSE, California. — October 3, 2016  — NETGEAR®, Inc. (NASDAQ: NTGR), a leading provider of networking equipment, is broadening its 802.11ac wireless product portfolio for businesses with the next-generation NETGEAR ProSAFE® Premium 802.11ac 4x4 Wave 2 Wireless Access Point (WAC740). Featuring 802.11ac Wave 2 with MU-MIMO technology and Multi-Gigabit 2.5G Ethernet, the ProSAFE WAC740 Access Point (AP) when paired with the NETGEAR ProSAFE M4200 Multi-Gigabit Managed Switch (LINK), provides customers in growing and medium-sized enterprises, as well as government, education, and healthcare with a next generation WiFi experience that excels in high client density wireless deployments – Making it the best cost-to-performance 802.11ac business-class wireless solution on the market today. 

The controller-managed ProSAFE 4x4 WAC740 Access Point delivers high performance with maximum client density for enterprises and organizations requiring ubiquitous and reliable wireless for all business applications, especially seamless video streaming. Based on Wave 2 802.11ac WiFi, the WAC740 AP operates with Multi-User MIMO for more efficient use of RF spectrum frequency and capacity, and can achieve combined throughput up to 2.3Gbps* — 600Mbps for the 2.4GHz channel and 1.7Gbps at 5GHz. Wave 2 802.11ac WiFi also offers more robust signal encoding for improved signal integrity, and supports a fourth data stream for greater performance and more reliable wireless coverage. 

“Our customers are looking for ultra-robust, reliable wireless solutions that leverage the improved performance enabled by the latest 802.11ac WiFi technology, and which make it easy for them to add more users to their networks quickly and in denser deployment scenarios,” said Richard Jonker, vice president of product line management for SMB products at NETGEAR. “Resellers and systems integrators who are searching for cost-effective solutions for their business customers will especially appreciate the overall value offered by our ProSAFE WAC740 Wave 2 WiFi Access Point in terms of performance, scalability, reliability, easy management, and warranty coverage.”

Flexibility is second to none, as the WAC740 Access Point comes with integrated 802.3at Power over Ethernet (PoE+) support or power adapter as accessory to maximize flexibility in deployment. The WAC740 can operate either with two bonded 1G Ethernet connections or with its single Multi-Gigabit 2.5G Ethernet port that when connected to a 2.5Gbps-capable switch (such as the NETGEAR ProSAFE M4200 Intelligent Edge Series) allows the WiFi to reach its full potential through a single wire. This solution eliminates the bottlenecks associated with standard Gigabit Ethernet, where the throughput is capped at 1Gbps with a single port - thus allowing easier wiring installation while still achieving high performance. 

Up to 600 WAC740 Access Points can be easily configured and centrally managed through a single management dashboard with any of a selection of NETGEAR wireless controllers for small (NETGEAR WC7500) to mid-size (WC7600) to large-size (WC9500) deployments.

Key Features and Benefits of NETGEAR ProSAFE WAC740 Access Point:

• Premium business-class access point with superior 802.11ac performance (up to 2.3 Gbps*)
• Reliable wireless coverage with 4 streams of data based on 4x4 (transmit and receive) optimized internal antennas
  
• Multi-User MU-MIMO technology enabling maximum client density deployments
  
• Easy centralized management for multiple access points via NETGEAR Wireless Controllers (WC7500, WC7600, WC9500)
• Powered by industry standard 802.3at (PoE+) or DC power inputs
• Multi-Gigabit connectivity (2.5Gbps) allows a single wired connection to a Multi-Gigabit switch for ease of installation
• Internal or external antennas option for flexible deployment
  
• NETGEAR ProSAFE lifetime hardware warranty, lifetime next business day shipping for part replacement, and lifetime technical support via online chat where available 

Pricing and Availability

The NETGEAR ProSAFE Premium Business 802.11ac 4x4 Wave 2 Wireless-AC Access Point (WAC740) has an MSRP in the U.S. of $929. It will become generally available this month through authorized NETGEAR partners and other reseller channels and ecommerce sites. Regional variance may apply to the final pricing for end customers, depending on the reseller and bundled offerings.

About NETGEAR, Inc.

NETGEAR (NASDAQ: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. The Company's products are built on a variety of proven technologies such as wireless (WiFi and LTE), Ethernet and powerline, with a focus on reliability and ease-of-use. The product line consists of wired and wireless devices that enable networking, broadband access and network connectivity. These products are available in multiple configurations to address the needs of the end-users in each geographic region in which the Company's products are sold. NETGEAR products are sold in approximately 28,000 retail locations around the globe, and through approximately 29,000 value-added resellers, as well as multiple major cable, mobile and wireline service providers around the world. The company's headquarters are in San Jose, Calif., with additional offices in approximately 25 countries. More information is available from the NETGEAR investor page or by calling (408) 907-8000. Connect with NETGEAR on Twitter and Facebook.

©2016 NETGEAR, Inc. NETGEAR, the NETGEAR logo, NETGEAR genie, Nighthawk and ReadySHARE and ReadySHARE Vault are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.

* Maximum wireless signal rate derived from IEEE standard 802.11 specifications. Actual data throughput and wireless coverage will vary. Network conditions and environmental factors, including volume of network traffic, building materials and construction, and network overhead, lower actual data throughput rate and wireless coverage. NETGEAR makes no express or implied representations or warranties about this product’s compatibility with any future standards.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR 's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease-of-use of NETGEAR's products may not meet the price, performance and ease-of-use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR 's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Source: NETGEAR-G

U.S. Media Contact: Nathan Papadopulos, (408) 890-3889, NPapadopulos@netgear.com

U.S. Sales Inquiries: (408) 907-8000, sales@netgear.com

U.S. Customer Inquiries: (888) NETGEAR