2022-09-15 | NDAQ:ATEX | Press Launch
Integrator to Supply 900 MHz Options to Its Buyer Base
ATLANTA and WOODLAND PARK, N.J., Sept. 15, 2022 /PRNewswire/ — Future Applied sciences Enterprise, LLC (Future Applied sciences) and Anterix (NASDAQ: ATEX) have launched an alliance to combine Anterix’s 900 MHz spectrum with Future Applied sciences’ end-to-end digital transformation options. The brand new cooperative effort responds to broad and rising curiosity in non-public wi-fi networks to handle beneficial use instances in choose vertical markets, together with oil & fuel, chemical, authorities, manufacturing, logistics, aerospace, mining, and good agriculture.
Anterix is targeted on enabling non-public LTE and 5G networks for utilities. Future Applied sciences is a specialised Lead System Integrator with over 12 years of Non-public Mobile mission expertise. Future Applied sciences offers trade 4.0 and mission crucial options to their >180 prospects by specializing within the evaluation, planning, design, implementation, and help of revolutionary communications options, together with non-public LTE and 5G networks in each licensed and unlicensed spectrum. This new relationship opens the chance to combine Anterix’s 900 MHz spectrum and its utility focus into Future Applied sciences’ Non-public Mobile Initiatives, which is able to present a brand new cross-sector basis bringing advantages to a broad vary of shoppers.
“Future Applied sciences solves buyer issues by specializing in buyer use instances, which dictate connectivity necessities and options,” mentioned Peter Cappiello, CEO of Future Applied sciences. “To satisfy these connectivity necessities, we completely perceive the worth and advantages of Anterix’s low-band 900 MHz spectrum, notably its potential to assist meet the skyrocketing demand we’re seeing for personal LTE and 5G capabilities. There are instant alternatives to make use of that spectrum to serve our Fortune 50, 100, 1,000, and 5,000 prospects, and we sit up for integrating it into the options we provide throughout sectors and throughout the nation.”
“Anterix is fielding a rising variety of inbound requests for personal LTE and 5G capabilities, and people calls are coming from numerous sectors all throughout the economic system,” mentioned Rob Schwartz, President & CEO of Anterix. “With its broad buyer base and vary of built-in options, Future Applied sciences might help us reply to that demand, leveraging our beneficial nationwide 900 MHz spectrum. The innovation in these further industries will handle an increasing universe of crucial use instances, and importantly, we totally anticipate many of those improvements to hold over to learn the electrical utility trade, which stays our major focus.”
About Future Applied sciences Enterprise, LLC
Future Applied sciences Enterprise, LLC is a Lead System Integrator (LSI) specializing within the evaluation, planning, design, implementation, and help of revolutionary communications options for vertical markets – DoD, Utility, Oil & Gasoline, Chemical, Manufacturing and Transportation. Future Applied sciences maintains a robust focus on rising requirements akin to 5G, 4G, Non-public LTE, WIFI, SCADA and Automation applied sciences. Future Applied sciences is headquartered in Atlanta, GA.www.futuretechllc.com
About Anterix
At Anterix, we’re targeted on delivering transformative non-public broadband that permits the modernization of crucial infrastructure for the vitality, transportation, logistics and different sectors of our economic system. As the biggest holder of licensed spectrum within the 900 MHz band (896-901/935-940 MHz) all through the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we’re uniquely positioned to allow the non-public LTE options that help safe, sustainable, resilient and customer-controlled operations. www.anterix.com
Ahead-Wanting Statements
Any statements contained on this press launch that don’t describe historic details represent forward-looking statements as outlined beneath the Federal securities legal guidelines. These forward-looking statements embody statements concerning the potential use instances and advantages to utilities of deploying non-public 900 MHz LTE broadband networks. Any such forward-looking statements are based mostly on Anterix’s present expectations and are topic to quite a lot of dangers and uncertainties that would trigger its precise future outcomes to vary materially from its present expectations or these implied by the forward-looking statements. These dangers and uncertainties embody, however are usually not restricted to: (i) Anterix is probably not profitable in commercializing its spectrum property to its focused utility and important infrastructure prospects, on a well timed foundation and on favorable phrases; (ii) Anterix could also be unable to safe broadband licenses from the FCC on a well timed and cost-effective foundation; and (iii) the worth of Anterix’s spectrum property could fluctuate considerably based mostly on provide and demand, in addition to technical and regulatory adjustments. These and different threat components that will have an effect on Anterix’s future outcomes of operations are recognized and described in additional element in its filings with the SEC, together with its Quarterly Report on Type 10-Q for the quarterly interval ended June 30, 2022, filed with the SEC on August 8, 2022. Accordingly, you shouldn’t rely on forward-looking statements as predictions of future occasions or outcomes. Besides as required by relevant regulation, Anterix undertakes no obligation to replace publicly or revise any forward-looking statements contained on this press launch, whether or not because of any new info, modified circumstances or in any other case.
Contacts
Anterix
Natasha Vecchiarelli
Vice President, Investor Relations & Company Communications
Anterix
973-531-4397
Paul Gaige
Vice President
Hill+Knowlton Methods
504-957-1434
Future Applied sciences Enterprise, LLC
Bari Anderson
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SOURCE Anterix Inc.
