NEW YORK & GALWAY, Ireland--(BUSINESS WIRE)--Rivada Networks announced today that the U.S. Patent Office has allowed its patent covering the creation of an electronic commodity exchange for trading wireless bandwidth.
The patented technology will allow wireless network operators and other qualified bidders to buy and sell wireless broadband capacity in real time, in units of time and space small enough to meet the needs of network operators and customers alike.
“Wireless spectrum is a scarce, valuable resource that can’t be stored, and we’re not making any more of it,” said Rivada CEO Declan Ganley. “As demand for wireless broadband continues its explosive growth, now more than ever we need a system for matching that demand with available supply.”
Rivada’s patented Telecom Commodity Exchange is a system for buying and selling available wireless capacity, and then communicating the result of those transactions out to the edge of the network. There, at the level of a single wireless cell site, the wireless capacity is then handed off to the buyer from the seller.
The whole process works in concert with Rivada’s previously patented Dynamic Spectrum Arbitrage – Tiered Priority Access technology. DSATPA makes possible the re-assignment of wireless-network resources at a very local level, and for short periods of time if desired, making possible a previously unthinkable level of flexibility to the allocation of wireless bandwidth.
“Others have dreamed of commoditizing wireless bandwidth in the past,” Ganley said. “But now Rivada’s world-class engineers have developed the technology to actually do it for the first time. This will change how wireless bandwidth changes hands forever.”
Rivada Networks’ Chief Technical Officer Clint Smith explained how DSATPA and the telecom commodity exchange fit together: “You need DSA to segment the capacity into units that can be bought and sold in real time, while the exchange provides the venue for that buying and selling to take place. You need both, and you need them to talk to each other, to create a genuine market in wireless bandwidth.”
About Rivada Networks:
Rivada Networks is a leading designer, integrator and operator of wireless, interoperable public safety communications networks. We provide advanced communications solutions to the public safety community at local, state and federal levels.
Rivada's core technology, Dynamic Spectrum Arbitrage Tiered Priority Access (DSATPA), works out to the very edge of the network, allowing public safety absolute priority access with instant (millisecond) pre-emption in the event of an emergency situation – thus guaranteeing first responders access to the highest quality bandwidth capacity at the moment they need it most. Meanwhile, in the extended periods of time when the public safety broadband network has significant extra bandwidth to spare, DSATPA allows that capacity to be dynamically auctioned in a fully competitive "on demand" process to competing commercial entities – providing more choice and availability to industry and consumers while generating essential revenue for the public safety mission.