ARLINGTON, Va.--(BUSINESS WIRE)--Federated Wireless, Inc., a developer of cloud-based wireless infrastructure solutions to extend the access of carrier networks, today announced it has appointed Nelson Chan, a highly experienced public and private technology company leader, to its board of directors. Chan will use his experience driving rapid organic growth to help bring Federated Wireless’ Spectrum Access System and Environmental Sensing Capability platform, CINQ XP, to market once it obtains approval by the Federal Communications Commission (FCC).
Chan has a long track record of success in both the semiconductor and consumer electronics industries. His experience includes positions as chief executive officer of Magellan, a leader in the GPS navigation and positioning market, as well as executive vice president and general manager at SanDisk, the world's largest supplier of branded flash data storage products.
“Nelson is a seasoned executive with invaluable experience in building profitable companies,” said Federated Wireless’ CEO Iyad Tarazi. “We look forward to him applying his knowledge to help us successfully bring CINQ XP to market.”
Chan holds a number of board positions, including chairman of the board of directors of Outerwall, the public company behind Redbox and Coinstar. He is also a member of the board of directors of Synaptics, a human interface developer and supplier, and Deckers Brands, the company behind UGG, Teva and Sanuk.
“Federated Wireless is creating a non-traditional shared spectrum market and has taken steps to prove its ability to commercialize it,” Chan said. “I’m excited to apply my experience building businesses that make life simpler and better for consumers and providers to solve the complex spectrum access and management problem.”
More information about Federated Wireless, including the company’s recent filings to the FCC, can be found at www.federatedwireless.com. Federated Wireless is a subsidiary of Allied Minds (LSE:ALM).
About Federated Wireless
Formed in 2012, Federated Wireless, Inc. is developing scalable wireless infrastructure solutions to extend the access of carrier networks. The company’s dynamic Spectrum Access Service (SAS) platform focuses on the distribution of licensed shared spectrum. Its approach incorporates a neural network of radio sensors that allow for interference-free access to low-cost, high-quality licensed spectrum, and breaks down traditional barriers of high-cost, exclusive spectrum. The company’s differentiated business model creates opportunities for more efficient approaches to spectrum. Federated Wireless is headquartered in Arlington, VA with offices in Boston, MA. More information can be found at www.federatedwireless.com.
About Allied Minds
Allied Minds is a diversified holding company focused on venture creation within the life science and technology sectors. With unparalleled access to hundreds of university and federal labs across the U.S., Allied Minds forms, funds, and operates a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, with nationwide presence in Los Angeles and New York, Allied Minds supports its businesses with capital, central management, and shared services. For more information, please visit www.alliedminds.com.
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.