WOODLAND PARK, N.J., Nov. 11, 2021
/PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced that
the U.S. Department of Energy's (DOE's) National Renewable Energy
Laboratory (NREL) has successfully completed Phases I and II of its
"high impact" project validating the performance of an Anterix 900
MHz private LTE network for critical grid communications.
"In this work, using 900 MHz spectrum, NREL has successfully
demonstrated the effectiveness of private wireless LTE
communications for grid applications," said Barry Mather, Group Manager for Integrated
Devices and Systems in NREL'S Power Systems Engineering Center. "We
have also provided a means for utilities to further evaluate the
performance of wireless communications in grid applications as
utilities look to modernize their grids to meet decarbonization
goals."
Both phases of the project tested the performance of private LTE
over 900 MHz spectrum. In Phase I, NREL tested a single use case
(direct transfer trip of a solar invertor) in seven different
wireless scenarios; the Phase II work was an extension of the NREL
ADMS (Advanced Distribution Management System) Test Bed program and
focused on a peak load management use case involving a dynamic
voltage regulation (DVR) application and, in three of the six
scenarios, a distributed energy resource management system
(DERMS).
"As utilities are increasingly attracted to the cost,
scalability, and flexibility benefits of wireless broadband
communications to support grid modernization efforts, NREL has
performed a valuable service by demonstrating that 900 MHz private
networks built on LTE—a state-of-the-art worldwide standard—can
meet real-world utility use cases for distribution grid
protection," said Carlos L'Abbate, Anterix's Chief Technology
Officer. "It has been an honor and a pleasure to work with the
great team at NREL since this project started three years ago, and
we look forward to continuing that relationship and helping NREL
pave the way to a cleaner, more resilient grid."
The project has benefited from advice and insight provided by
its Industry Advisory Board (IAB) comprised of six leading
utilities that provide service across 18 states, as well as former
DOE Chief Technology Officer, Pete
Tseronis. The six utility members of the IAB include:
Consumers Energy, Duke Energy, Evergy, Eversource Energy, Holy
Cross Energy and Xcel Energy. IAB members have shared guidance on
use case selection, helped define test scenarios that reflect the
respective member's operational environment, and participated in
planned laboratory demonstrations of the combined LTE network and
ADMS Testbed system.
The report providing results for both phases of the study is
available at https://www.nrel.gov/docs/fy21osti/80474.pdf.
About Anterix
At Anterix, we are focused on delivering transformative private
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
solutions that support secure, resilient and customer-controlled
operations. www.anterix.com
Forward-Looking Statements
Any statements contained in this press release that do not
describe historical facts constitute forward-looking statements as
defined under the Federal securities laws. These forward-looking
statements include statements regarding the potential use cases and
benefits to utilities of deploying private 900 MHz LTE broadband
networks. Any such forward-looking statements are based on the
Company's current expectations and are subject to a number of risks
and uncertainties that could cause its 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) the Company 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; (ii) the Company may be unable to secure
broadband licenses from the FCC on a timely and cost-effective
basis; and (iii) the value of the Company's spectrum assets may
fluctuate significantly based on supply and demand, as well as
technical and regulatory changes. These and other risk factors that
may affect the Company's future results of operations are
identified and described in more detail in its filings with the
SEC, including its Quarterly Report on Form 10-Q for the quarterly
period ended September 30, 2021,
filed with the SEC on November 3,
2021. Accordingly, you should not rely upon forward-looking
statements as predictions of future events or results. Except as
required by applicable law, the Company undertakes no obligation to
update publicly or revise any forward-looking statements contained
in this press release, whether as a result of any new information,
changed circumstances or otherwise.
Contacts
Anterix
Natasha Vecchiarelli
Director, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
James Fuller
Executive Vice President
Hill+Knowlton Strategies
240-393-1369
James.Fuller@hkstrategies.com
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SOURCE Anterix Inc.