"Anterix aims to deliver the dedicated broadband so desperately needed to modernize our nation's critical infrastructure. Enabling connectivity for the devices that can power and protect the crucial services we all rely on, we are poised and ready to transform the way utilities and enterprise operate through the use of broadband technology," said Anterix CEO, Morgan O'Brien.
The adoption of the Anterix name underscores the heightened focus and new priorities that have been established by the Company. Anterix, defined as architectural elements that provide strength and foundational support, more clearly represents the Company's commitment to serve as a foundational force for industrial communications, leveraging the right combination of broadband spectrum and available network technologies and solutions.
"This is the perfect time for repositioning the Company. There's an urgent and increasing need for access to dedicated broadband spectrum on which to build private LTE wireless networks throughout the critical infrastructure industry," said Anterix President & COO, Rob Schwartz. "To meet this inexorable demand, we are revolutionizing our company brand to more clearly express our strategic vision of unlocking the extraordinary potential of 900 MHz spectrum to enhance and secure one of our nation's most vital assets," Schwartz added.
In addition to the new corporate name, the Company will be changing its ticker symbol on the Nasdaq Stock Market to ATEX effective June 17, 2019. Until that date, the Company's stock will continue to trade under the existing PDVW ticker symbol.
About Anterix Inc.
Anterix Inc. (NASDAQ: ATEX) is focused on empowering the modernization of critical infrastructure and enterprise businesses by enabling broadband connectivity. Our foundational spectrum provides the ability to transform our customers operations to meet new business complexities while achieving higher levels of performance and safety. Anterix is the largest holder of licensed spectrum in the 900 MHz band, with nationwide coverage throughout the contiguous United States, Hawaii, Alaska and Puerto Rico. Anterix is currently pursuing a regulatory proceeding at the Federal Communications Commission that seeks to modernize and realign the 900 MHz band to increase its usability and capacity by allowing it to be utilized for the deployment of broadband networks, technologies and solutions. Our chairman and our CEO co-founded Nextel Communications and have over 60 years of combined experience in telecom operations and innovative spectrum initiatives. Anterix is headquartered in Woodland Park, NJ.
Contacts
Natasha Vecchiarelli
Director of Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
Phil Sgro
Raffetto Herman Strategic Communications
202-585-0210
psgro@rhstrategic.com
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