TIDMALM
RNS Number : 5745R
Allied Minds PLC
08 November 2021
8 November 2021
Allied Minds
Portfolio company update: Federated Wireless accelerates
leadership in shared spectrum market
Allied Minds plc (LSE: ALM, "the Group"), the IP
commercialisation company focused on early stage company
development within the technology sector, notes that portfolio
company Federated Wireless, Inc., ('Federated'), the industry
leader in enterprise shared spectrum 5G private wireless, has
issued the update below:
Federated Wireless Accelerates Leadership in Shared Spectrum
Market
Significant milestones reached in past 12 months, including
high-profile vertical deployments and reaching more than 200
customers plus 70,000 active CBRS devices, illustrate solid
traction and bright future for the entire market
ARLINGTON, Va., Nov. 04, 2021 - Federated Wireless , shared
spectrum and private wireless network pioneer, has driven a number
of significant advancements in the past 12 months. The company
currently has more than 200 customers, with 70,000 devices
deployed, which together indicate strong momentum for the entire
market segment. These include the launch of the secondary CBRS
spectrum market via its Spectrum Exchange; significant deployments
of a dedicated CBRS network for IoT research at Fort Carson, Colo.
and another for modernization of the Marine Corps Logistics Command
warehouse operations in Albany, Ga.; along with deployment of the
first CBRS networks in Puerto Rico and the U.S Virgin Islands,
delivering service to the region's Wireless Internet Service
Providers (WISPs) and Mobile Network Operators (MNOs). The last
year has seen its customer and partner base expand rapidly into new
verticals and the number of active CBRS devices grow to more than
70,000.
"The CBRS market is growing fast and helping answer the need for
additional spectrum across a variety of use cases," said Kevin
Hasley, CEO of RootMetrics. "And it is having an impact at a
critical juncture. Few could have anticipated just how quickly and
steadily device densities, application bandwidth needs, and rural
connectivity requirements have accelerated over the last few years.
Our testing of mobile operators shows that CBRS brings significant
performance improvements for carriers who have used it to enhance
the spectrum they have available in markets across the US.
Ultimately, CBRS will help improve connectivity not just for
service providers but stands to bring benefits to consumers,
businesses, and the industry itself."
"We are extremely pleased with both the growth of the sector and
Federated Wireless' leadership in it and are proud to have realized
the potential of shared spectrum, the technology and the company,"
said Iyad Tarazi, CEO of Federated Wireless. "We think this is only
the tip of the iceberg as we continue to lead the industry forward
with innovative thinking, a rapidly growing ecosystem and a strong
base of customers spanning multiple industries."
Long History of Market Leadership
The CBRS market leader, Federated Wireless was the first to
launch a commercial spectrum access system (SAS) and environmental
sensing capability (ESC) network, which have been deployed across
several vertical markets with numerous use cases. The company
currently has more than 200 customers with 70k+ connected devices
across the United States and overseas. Its customer base includes
electric co-ops; large interstate gas and electric; oil refineries;
commercial and federal enterprises, and tier one Mobile Network
Operators (MNOs), including Verizon Wireless nationwide CBRS 4G and
5G. Additional deployments include tier one cable operators and
tower companies; and more than 100 Wireless Internet Service
Providers (WISPs).
"The last 12 months have seen strong growth in interest,
traction and innovation from Federated Wireless, the FCC and other
players in the market as we work together to build what promises to
be the single most significant contributor to US 5G leadership,"
said Tarazi. "I would like to thank our customers, our partners and
our investors as we head into what promises to be another
record-shattering year for CBRS, shared spectrum and private
5G."
For more information, please contact:
Allied Minds plc c/o Instinctif Partners
Harry Rein
Federated Wireless, Inc. c/o Instinctif Partners
Iyad Tarazi
Instinctif Partners alliedminds@instinctif.com
Tim Linacre / Rozi Morris / Joe
Quinlan
About Allied Minds
Allied Minds plc is an IP commercialisation company focused on
early stage company development within the technology sector. With
origination relationships that span US federal laboratories,
universities, and leading US corporations, Allied Minds
historically created, and now operates and funds, a portfolio of
companies to generate long-term value for its investors and
stakeholders. Based in Boston, Allied Minds supports its businesses
with capital, management, expertise and shared services. For more
information, please visit www.alliedminds.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 .
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