Agreement Establishes Anterix as an NRTC
Resource in Making Anterix's 900 MHz Spectrum and Solutions
Platform Available to its 1,500 Rural Utility Cooperative
Members
WOODLAND PARK, N.J.,
Aug. 6,
2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX)
announced today that it has been selected as a solutions provider
by NRTC, which represents more than 1,500 rural electric and
telephone utilities and affiliates in 48 states, collectively
serving approximately 20 million homes and 48 million
residents.
Under the agreement, Anterix will make available its 900 MHz
spectrum and its supporting platform of utility applications and
solutions to NRTC's electric utility cooperative membership. The
agreement will enable NRTC members to deploy private, more secure,
and more resilient 900 MHz wireless networks that are scalable and
can support the future growth of services required by electric
cooperatives in managing our nation's evolving grid.
"We look forward to working with electric cooperatives, through
NRTC, as they modernize their grids in support of a clean energy
future," said Alice Moy-Gonzalez,
Senior Vice President of Strategic Development at Anterix. "Many
cutting-edge utilities across the United
States are actively deploying 900 MHz private LTE networks,
and we believe NRTC's members will benefit from the economies of
scale and scope provided by the 900 MHz private networks movement,
as well as from the 100+ technology innovators that are members of
the Anterix Active Ecosystem. In addition to highlighting the value
of private LTE, this agreement has the potential to expand
significantly our nationwide network of utility networks."
The Anterix-NRTC agreement complements and supports separately
announced collaborations among Southern Company subsidiary
Southern Linc, Ericsson, and NRTC to provide mission-critical
smart-grid network solutions designed to meet electric
cooperatives' specific private network use case, geographic, and
deployment requirements.
"NRTC's agreement with Anterix, and our collaborations with
Ericsson and Southern Linc, will help rural electric cooperatives
modernize their grid infrastructure," said Joe Walsh, Vice President of Smart Grid
Networking at NRTC. "Together we are forging a path toward
unparalleled connectivity, resilience, and enhanced security, and
we are helping to ensure that communities across the United States have access to the utility
solutions they need to thrive."
Shareholder Contact
Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
Media Contact
Paul Gaige
Vice President
Burson
504-957-1434
Paul.Gaige@bursonglobal.com
About Anterix
At Anterix, we engage with leading utilities and technology
companies to harness the power of 900 MHz broadband for modernized
grid solutions. Leading an ecosystem of more than 100 members, we
offer utility-first solutions to modernize the grid and solve the
challenges that utilities are facing today. As the largest holder
of licensed spectrum in the 900 MHz band (896-901/935-940 MHz)
throughout the contiguous United
States, plus Alaska,
Hawaii, and Puerto Rico, we are uniquely positioned to
enable private wireless broadband solutions that support
cutting-edge advanced communications capabilities for a cleaner,
safer, and more secure energy future. To learn more and join the
900 MHz movement, please visit www.anterix.com.
Forward-Looking Statements
Certain statements contained in this press release, other than
historical information, constitute forward-looking statements
within the meaning of the federal securities laws. Words such as
"believes," "anticipates," "estimates," "expects," "intends,"
"aims," "potential," "will," "would," "could," "considered,"
"likely," "estimate" and variations of these words and similar
future or conditional expressions are intended to identify
forward-looking statements but are not the exclusive means of
identifying such statements. Any such forward-looking statements
are based on the current expectations of Anterix's management and
are subject to risks and uncertainties that could cause Anterix's
actual future results to differ materially from current
expectations or those implied by the forward-looking statements.
Risk factors that may affect Anterix's future results of operations
are identified and described in Anterix's most recent filings on
Forms 10-K and 10-Q and in other filings that it makes with the SEC
from time to time. These documents are available on Anterix's
website at www.anterix.com under the Investor Relations section and
on the SEC's website at www.sec.gov. You should not rely upon
forward-looking statements as predictions of future events. Anterix
undertakes no obligation to update publicly or revise any
forward-looking statements contained herein.
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SOURCE Anterix Inc.