A Newly Established Utility Strategic
Advisory Board, Comprised of Senior Utility Executives,
Will Help Identify and Prioritize Platform
Initiatives
WOODLAND PARK, N.J.,
May 19,
2022 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today
announced the launch of an integrated platform to accelerate the
scale benefits of a "network" of individual private broadband
networks. At the center of this integrated platform will be a
cloud-based 4G/5G core, enabling greater resilience and enhanced
services between participating networks, including mutual aid,
cybersecurity, shared infrastructure, and integration of
distributed energy sources. The platform will also offer a
development and innovation environment for the more than
seventy-five leading technology companies in the Anterix Active
Ecosystem, to drive products and services directly to utility
network operators. A newly formed Utility Strategic Advisory Board
(USAB), made up of senior utility executives, will help identify
industry priorities and bring the benefits of collective
action.
The initial platform initiatives will include:
- Deployment of a 4G/5G cloud core to extend the
capabilities of utilities own private broadband networks by
bringing solutions such as private roaming to enable mutual aid,
private to public roaming for increased resiliency and failover,
and spectrum coordination.
- Development of an enhanced multiband communications
module to enable numerous members of our Active Ecosystem
Program to provide lower cost and higher functionality
products.
- Integration of leading cybersecurity offerings to
further enhance the existing private broadband security
capabilities.
- Launch of a connected lab environment, supported by
utilities and vendors, which will provide collective utility-grade
device testing and accelerate the integration of utility
solutions.
- Delivery of a public network roaming management solution
that will make utility connectivity and management of devices
simple, secure and flexible.
The initial Utility Strategic Advisory Board members that will
play the lead role as the architects and the facilitators of this
future are senior executives from Ameren, Dominion, Evergy, Exelon,
Southern Linc, and the Utility Broadband Alliance. Whether it be
the macro issues of resiliency, cybersecurity and decarbonization,
or the sharing of infrastructure, talent, knowledge, and
technology, the recognition that this "network" of individual
networks can drive enhanced innovation and value to each utility
and Anterix Active Ecosystem member is the goal of this
effort.
"While the core of our offering remains focused on providing the
spectrum needed to enable utility private broadband networks, this
transition to a broader suite of solutions is in response to our
customers' needs. The premise of this effort is that we all are
stronger together. This platform capitalizes on the utility
industry's well-established culture of collaboration, providing our
more than seventy-five Active Ecosystem members with the collective
voice of their utility customers. As the USAB identifies the
industry's needs, Anterix and the Active Ecosystem community are
there to deliver," said Rob
Schwartz, President & CEO of Anterix.
Ameren quote: "Ameren sees tremendous value for our
customers in collaborating with others in the industry to drive
innovation and scale in 900 MHz private LTE," said Bhavani Amirthalingam, Chief Digital Information
Officer for Ameren. "When we work together, it will benefit
individual companies and the sector as a whole. This includes
enabling distributed energy through a smarter grid, including
leading cyber capabilities, and creatively accessing talented
resources."
Dominion Quote: "It's always beneficial to work with
other utilities to address matters of industry-wide importance, and
the adoption of private broadband and the solutions it can fuel is
a great fit to apply this collaboration," said Dominion Energy's
Steve Wooten, Vice President &
Chief Information Officer. "Through the new Utility Strategic
Advisory Board, we will help support a vibrant ecosystem of
utility-centric innovations and solutions that are valuable to each
utility individually and to the broader utility community as a
collective."
Evergy quote: "The electric utility industry is known for
its collaborative spirit, and adding a solutions platform informed
by utility executives is a natural fit for that inclination," said
Charles King, Chief Technology
Officer of Evergy. "When our 900 MHz private LTE network is
deployed, we clearly will benefit from working with other
utilities, including our neighbor Ameren, where we share 25
counties, to identify and prioritize issues that will impact all of
us."
Southern Linc quote: "We are ready to share the knowledge
and experience we have gained operating a utility-focused private
LTE network over the last several years. In the spirit of the
industry's commitment to mutual aid, we look forward to working
with Anterix and the utilities and technology developers they have
gathered. We believe this integrated approach will drive benefits
throughout the utility ecosystem," said Tami M. Barron, Southern Linc CEO.
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 December 31, 2021, filed
with the SEC on February 3, 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
James Fuller
Executive Vice President
Hill+Knowlton Strategies
240-393-1369
James.Fuller@hkstrategies.com
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SOURCE Anterix Inc.