ARLINGTON, Va. and WOODLAND
PARK, N.J., Aug. 11, 2021
/PRNewswire/ -- Electric utilities will now have access to a
new offering in their accelerating efforts to deploy private
wireless broadband networks for enhanced operational reliability,
resilience, cyber security, and performance. Shared spectrum
pioneer Federated Wireless and Anterix Inc., (NASDAQ: ATEX),
the nation's largest holder of licensed spectrum in the 900 MHz
band (896-901/935-940 MHz) throughout the contiguous United States plus Hawaii, Alaska, and Puerto
Rico, are collaborating to create a new Anterix offer
combining dedicated use of Anterix's 900 MHz broadband spectrum
paired with Federated Wireless' shared spectrum services that
facilitate use of the CBRS band. The new offering, when completed,
can facilitate utility access to a multi-band solution for their
grid communications deployment, offering the benefits of the wide
coverage and dedicated control of licensed 900 MHz combined with
the capacity and flexibility of unlicensed or licensed CBRS
spectrum.
"Our focus remains centered on the Nation's utility sector. With
the transformative power of 900 MHz broadband, and our
utility-focused Anterix Active Ecosystem program, we are excited
about the role we are playing in developing the outcomes that
enable the modernization of our electric grid. Working with the
great team from Federated Wireless will add significant value to
that effort. Combining the cost-effective coverage potential and
mission critical nature of our low-band 900 MHz spectrum, with
Federated's services that allow access to the mid-band CBRS
spectrum, will create a new hybrid product opportunity for the
utility sector."
"Close collaboration with Anterix will enable us to rapidly
expand our existing CBRS market leadership into the utilities
segment, which is poised for rapid innovation," said Iyad Tarazi, founder and CEO, Federated
Wireless. "We look forward to working closely with Anterix and its
customers to set new standards for performance, stability and
security in US utility networks."
With deep roots in the wireless industry and a critical
infrastructure mission, Anterix has leveraged its 900 MHz holdings
to seek out and bring to the utility sector cutting edge wireless
broadband communications capabilities and utility-centric
solutions. To date, Anterix has provided its low-band spectrum to
large metropolitan utilities providers such as Ameren and San Diego
Gas & Electric for use in building new private LTE networks.
Other utilities currently are investigating dozens of use cases,
exploring the potential impact of 900 MHz LTE in helping to
digitally transform the nation's energy sector.
The nationwide leader in the CBRS market, Federated Wireless was
first to launch and deploy a commercial spectrum access system
(SAS) and an environmental sensing capability (ESC) network, both
of which are key enablers for both licensed and unlicensed CBRS
spectrum. With more than 200 customers and more than 65,000
connected devices across the United
States and territories, the company serves a customer base
that includes many utility companies, including electric co-ops;
large interstate gas and electric companies; oil refineries; and
tier one Mobile Network Operators (MNOs). Additional
deployments include tier one cable operators and tower companies,
over 100 regional and rural Wireless Internet Service Providers
(WISPs), and several public sector and federal entities, including
a Marine Corp 5G Smart Warehouse in Albany, GA. For more
information, please visit:
http://www.federatedwireless.com/anterix
About Anterix
At Anterix, we are focused on delivering
transformative broadband that enables the modernization of critical
infrastructure for the energy, transportation, logistics and other
sectors of our economy. As the largest holder of licensed
spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the
contiguous United States, plus
Hawaii, Alaska, and Puerto
Rico, we are uniquely positioned to enable the private LTE
broadband solutions that support secure, resilient, and
customer-controlled operations. For more information, visit:
www.anterix.com
About Federated Wireless
Founded in 2012, Federated Wireless has long led the industry in
development of shared spectrum CBRS capabilities. The
company's partner ecosystem includes more than 40 device
manufacturers and edge partners, all of which are dedicated to
collaboration to advance development and proliferation of CBRS
services. Federated Wireless' customer base includes
companies spanning the telecommunications, energy, hospitality,
education, retail, office space, municipal and residential
verticals, with use cases ranging from network densification and
mobile offload to Private 4G/5G and Industrial IoT. For more
information, visit: www.federatedwireless.com.
Forward-Looking Statements
Certain statements
contained in this presentation, other than historical information,
regarding Anterix and its proposed business collaboration with
Federated Wireless constitute forward-looking statements within the
meaning of the Federal securities laws. Forward-looking statements
include, but are not limited to, statements regarding: (i)
Anterix's business plans and opportunities and (ii) customer demand
for Anterix's and Federal Wireless' combined solution. Any
such forward-looking statements are based on Anterix's current
expectations and are subject to a number of risks and uncertainties
that could cause Anterix's actual future results to differ
materially from its current expectations or those implied by the
forward-looking statements. These risks and uncertainties
include, but are not limited to: (i) Anterix may not be successful
in commercializing its spectrum assets to its targeted utility and
critical infrastructure customers, on a timely basis and on
favorable terms, or at all; (ii) Anterix has a limited operating
history with its proposed business and a history of loses, which
makes it difficult to evaluate its prospects and future financial
results; and (iii) the ongoing coronavirus outbreak could continue
to adversely impact Anterix's business. These and other risk
factors that may affect Anterix's future results of operations are
identified and described in more detail in its filings with the
SEC, including its Annual Report on Form 10-K for the fiscal year
ended March 31, 2021, filed with the
SEC on June 15,
2021. Accordingly, you should not rely upon
forward-looking statements as predictions of future events. Except
as required by applicable law, Anterix undertakes no obligation to
update publicly or revise any forward-looking statements contained
herein.
Media Contacts
Anterix:
Natasha Vecchiarelli
Director, Investor Relations & Corporate Communications,
Anterix
nvecchiarelli@anterix.com
Federated Wireless:
Wilson Craig
SVP/GM, Mindshare PR
wilson@mindsharepr.com
+1 408 516 6182
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SOURCE Anterix Inc.