GLEN ALLEN, Va.--(BUSINESS WIRE)--Straight Path Communications Inc. (NYSE MKT: STRP), today announced that its Straight Path Ventures subsidiary successfully demonstrated a 39 GHz 5G Transceiver prototype at its Gigabit Mobility Lab in Plano, Texas.
The prototype unit supports the entire 39 GHz band. The indoor test demonstrated the wireless transmission of a 500MHz wideband signal with 64-QAM modulation and beamforming.
Each unit consists of 144 antenna elements (72 for transmitter and 72 for receiver) and 8 transceiver chains. Each transceiver unit provides 90-degree sector coverage and can dynamically form beams with half-power-beam-width as low as 10 degrees within coverage. The prototype has a compact form factor (12” x 8” x 5.5”), weighs less than 7 lbs., and consumes less than 100 watts.
Straight Path’s CTO, Jerry Pi stated, “This test successfully demonstrated the feasibility of our transceiver design. We will now focus on improving key performance metrics and optimizing the mechanical design to move toward a commercially viable product that will meet industry expectations as to performance, cost, and reliability.”
Davidi Jonas, Straight Path’s CEO, added, “We are excited about this ground-breaking achievement. We look forward to collaborating with industry partners to further advance 5G technology in the 39 GHz band.”
A brief video of the demonstration has been uploaded and is available at:
As the transceiver is only in the developmental stage, there are no guarantees that the efforts will result in the development of a commercially viable product, and Straight Path may discontinue development at any time as results and prospects warrant.
About Straight Path Communications Inc.
Straight Path (NYSE MKT: STRP) holds, leases, and markets its extensive
holdings of 39 GHz and 28 GHz wireless spectrum licenses through its
Straight Path Spectrum subsidiary. Straight Path is developing next
generation wireless technology through its Straight Path Ventures
subsidiary. Straight Path holds, licenses, and conducts other business
related to certain patents through its Straight Path IP Group
subsidiary. Additional information is available on Straight Path’s
Corporate: www.straightpath.com Spectrum: www.straightpath39.com
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our Annual Report on Form 10-K for the fiscal year ended July 31, 2015, our subsequent filed Forms 10-Q, and our other periodic filings with the SEC (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"). We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.