WOODLAND PARK, N.J. and CHICAGO, May 27,
2021 /PRNewswire/ -- Anterix (NASDAQ: ATEX) and
Motorola Solutions (NYSE: MSI) announced today that they have
entered into an agreement to facilitate the deployment of private
LTE networks by utility companies as part of the sector's efforts
to modernize the electric grid. The collaboration follows last
year's announcement of Motorola Solutions' Private Broadband for
Critical Infrastructure platform, and the FCC's Report & Order
enabling the transitioning of the 900 MHz band to broadband.
Motorola Solutions is also a charter member of the recently
established Anterix Active Ecosystem Program that brings together
technology innovators to support Anterix customers deploying and
operating private LTE on 900 MHz.
![Anterix (PRNewsfoto/Anterix Inc.) Anterix (PRNewsfoto/Anterix Inc.)](https://mma.prnewswire.com/media/903065/Anterix_Logo.jpg)
"Our low-band, licensed spectrum can provide utility companies
with the ability to deploy a private LTE network platform that can
deliver the advanced capabilities needed as well as the control
necessary as they evolve to a more advanced grid," said Anterix
Chief Operating Officer Ryan
Gerbrandt. "By working with Motorola Solutions to reduce the
complexity and cost of deploying this private wireless broadband
platform, Anterix is giving control back to the utility companies
so that they can better serve their customers and communities."
Motorola Solutions' 900 MHz LTE broadband infrastructure
includes the LXN 7900 radio access network and core to provide
critical wide area coverage and long-range data communications. The
system's core can be hosted on-premise or in the cloud, and it can
simultaneously control the company's 900 MHz LTE network and its
Nitro™ CBRS LTE network. The company's high-power EDG 4200 Smart
Gateway enables the seamless exchange of intelligence across
broadband networks, and its cloud-based interoperability platform,
Critical Connect, allows for interoperability with land mobile
radio (LMR) networks, as well as carrier independent and integrated
LTE networks.
"Today's utilities need secure, high-power and interoperable
communications to address their end-to-end needs across voice, data
and video," said Scott Schoepel,
Vice President, Global Enterprise, Motorola Solutions. "We are
excited to leverage our long history in the delivery of
mission-critical private networks and recent collaboration with
Anterix to support robust innovation and continued grid
modernization."
In January, Anterix and Motorola Solutions announced they would
be assisting Xcel Energy in the evaluation of a private LTE
solution to deliver greater grid intelligence, control and
security. The network is being developed by Motorola Solutions
using Anterix's 900 MHz spectrum and will be installed at two Xcel
Energy sites in Minneapolis.
About Anterix
At Anterix, we are focused on delivering transformative
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, with nationwide coverage throughout the contiguous United
States, Hawaii, Alaska and
Puerto Rico, we are uniquely
positioned to enable the private LTE broadband solutions that
support secure, resilient and customer-controlled
operations.
About Motorola Solutions
Motorola Solutions is a global leader in mission-critical
communications and analytics. Our technologies in land mobile
radio mission-critical communications, video security &
analytics and command center software, bolstered by managed
& support services, make communities safer and help businesses
stay productive and secure. At Motorola Solutions, we are ushering
in a new era in public safety and security. Learn more
at www.motorolasolutions.com.
Forward-looking Statements
Any statements contained in
this press release that do not describe historical facts are
forward-looking statements as defined under the Federal securities
laws. These forward-looking statements include statements regarding
the benefits to utilities, and the demand by utilities, to deploy
private 900 MHz LTE broadband networks. Any such forward-looking
statements are based on the Company'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,
including: (i) the Company's agreement with Motorola Solutions may
not be commercially successful; (ii) the Company may not be
successful in qualifying for and obtaining broadband licenses on a
timely basis, or at all; (iii) the Company may not be successful in
commercializing its spectrum assets to its targeted utility and
critical infrastructure customers; and (iv) the Company has no
operating history with its proposed business plan, which makes it
difficult to evaluate its prospects and future financial results.
These risks and uncertainties and other factors that may affect the
Company's future results of operations are identified and described
in more detail in its filings with the Securities and Exchange
Commission (the "SEC"), including its Quarterly Report on Form 10-Q
for the fiscal quarter ended December 31,
2020, filed with the SEC on February
8, 2021. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Except as required by applicable law, the Company
does not intend to update any of the forward-looking statements to
conform these statements to actual results, later events or
circumstances or to reflect the occurrence of unanticipated
events.
Contacts:
Anterix:
Natasha Vecchiarelli
Director, 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
Motorola Solutions:
Amy Day
Senior Manager, North America Communications
Motorola Solutions
604-785-5637
amy.day@motorolasolutions.com
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SOURCE Anterix Inc.