ARLINGTON, Va.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
ALLIANCE FORMALIZED TO EXPAND WIRELESS CONNECTIVITY AND CAPACITY USING THE 3.5 GHZ BAND
Federated Wireless Joins Google, Intel, Nokia, Qualcomm and Ruckus Wireless on the CBRS Alliance to Develop and Promote Shared Spectrum Solutions
Federated Wireless, Inc., a developer of cloud-based wireless infrastructure solutions to extend the access of wireless cellular networks, today announced that the Citizens Radio Broadband Service (CBRS) Alliance has been formalized to develop, market and promote solutions using the 3.5 GHz band. The founding members along with Federated Wireless include Google, Intel, Nokia, Qualcomm and Ruckus Wireless.
“Federated Wireless has been instrumental in leading the creation of the shared spectrum ecosystem that will enable carriers and enterprises to seamlessly and cost effectively alleviate the challenges of sharing and managing spectrum while improving the performance and capacity of wireless networks for their customers,” said Iyad Tarazi, CEO of Federated Wireless. “The CBRS Alliance can be a critical driver to the success of the shared spectrum deployment in the CBRS band, which we believe has great potential to drive innovation, support new business models and spur economic growth.”
Last April, the Federal Communications Commission (FCC) adopted rules for CBRS, which opens 150 MHz of spectrum (3550-3700 MHz) for commercial use. Because spectrum access is actively coordinated based on priority and granular location, it becomes possible for regulators to make previously allocated spectrum available to new entrants and services while providing necessary protections for incumbent users of the band.
The CBRS Alliance aims to further build a robust group of industry participants and make shared spectrum solutions as widely available as possible. For example, private enterprises, venues and fixed operators could autonomously deploy high-quality in-building LTE networks into which all mobile network subscribers can roam. Operators will benefit from a greatly expanded footprint and capacity of the new spectrum, while subscribers will enjoy a consistent wireless broadband experience, particularly in challenging high user density indoor locations such as, universities, schools, airports, stadiums and corporate campuses.
The CBRS Alliance has already made progress in paving the path to enable adoption of shared spectrum. The participating companies have supported the Wireless Innovation Forum’s efforts to develop standards around the unique aspects of operation in the CBRS band. The companies are also working towards LTE-based field trials in the second half of this year and a few showcased 3.5 GHz-ready technologies at Mobile World Congress in February 2016.
Furthermore, noteworthy progress has been made towards the commercialization of the 3.5 GHz CBRS band in the last month. Federated Wireless has signed several commercial incumbents to trial agreements and partnerships to use the CINQ XP platform, which includes it’s Spectrum Access System (SAS) and Environmental Sensing Capability (ESC), currently under review for final certification and interoperability verification with the FCC. In the meantime, Federated Wireless will be piloting its solution with other providers in the CBRS band.
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.