Integrator to Offer 900 MHz Solutions to
Its Customer Base
ATLANTA and WOODLAND PARK, N.J.,
Sept. 15,
2022 /PRNewswire/ -- Future Technologies Venture, LLC
(Future Technologies) and Anterix (NASDAQ: ATEX) have launched an
alliance to integrate Anterix's 900 MHz spectrum with Future
Technologies' end-to-end digital transformation solutions. The new
cooperative effort responds to broad and growing interest in
private wireless networks to address valuable use cases in select
vertical markets, including oil & gas, chemical, government,
manufacturing, logistics, aerospace, mining, and smart
agriculture.
Anterix is focused on enabling private LTE and 5G networks for
utilities. Future Technologies is a specialized Lead System
Integrator with over 12 years of Private Cellular project
experience. Future Technologies provides industry 4.0 and mission
critical solutions to their >180 customers by specializing in
the assessment, planning, design, implementation, and support of
innovative communications solutions, including private LTE and 5G
networks in both licensed and unlicensed spectrum. This new
relationship opens the opportunity to integrate Anterix's 900 MHz
spectrum and its utility focus into Future Technologies' Private
Cellular Projects, which will provide a new cross-sector foundation
bringing benefits to a broad range of customers.
"Future Technologies solves customer problems by focusing on
customer use cases, which dictate connectivity requirements and
solutions," said Peter Cappiello,
CEO of Future Technologies. "To meet those connectivity
requirements, we absolutely understand the value and benefits of
Anterix's low-band 900 MHz spectrum, particularly its ability to
help meet the skyrocketing demand we are seeing for private LTE and
5G capabilities. There are immediate opportunities to use that
spectrum to serve our Fortune 50, 100, 1,000, and 5,000 customers,
and we look forward to integrating it into the solutions we offer
across sectors and across the country."
"Anterix is fielding a growing number of inbound requests for
private LTE and 5G capabilities, and those calls are coming from
diverse sectors all across the economy," said Rob Schwartz, President & CEO of Anterix.
"With its wide customer base and range of integrated solutions,
Future Technologies can help us respond to that demand, leveraging
our valuable nationwide 900 MHz spectrum. The innovation in these
additional industries will address an expanding universe of
critical use cases, and importantly, we fully expect many of these
innovations to carry over to benefit the electric utility industry,
which remains our primary focus."
About Future Technologies Venture,
LLC
Future Technologies Venture, LLC is a Lead System Integrator
(LSI) specializing in the assessment, planning, design,
implementation, and support of innovative communications solutions
for vertical markets – DoD, Utility, Oil & Gas, Chemical,
Manufacturing and Transportation. Future Technologies maintains a
strong concentration on emerging standards such as 5G, 4G, Private
LTE, WIFI, SCADA and Automation technologies. Future Technologies
is headquartered in Atlanta, GA.
www.futuretechllc.com
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, sustainable, 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
Anterix'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) 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; (ii) Anterix may be unable to secure broadband
licenses from the FCC on a timely and cost-effective basis; and
(iii) the value of Anterix'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
Anterix'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 June 30, 2022, filed with the SEC on August 8, 2022. Accordingly, you should not rely
upon forward-looking statements as predictions of future events or
results. Except as required by applicable law, Anterix 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
Vice President, Investor Relations & Corporate
Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
Paul Gaige
Vice President
Hill+Knowlton Strategies
504-957-1434
Paul.Gaige@hkstrategies.com
Future Technologies Venture, LLC
Bari Anderson
banderson@futuretechllc.com
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SOURCE Anterix Inc.