WOODLAND PARK, N.J.,
Nov. 27,
2023 /PRNewswire/ -- Anterix (NASDAQ: ATEX) announced
today that Tampa Electric ("TECO"), a subsidiary of Emera Inc., has
signed an agreement providing TECO the use of Anterix's 900 MHz
spectrum throughout the company's service territory in West Central
Florida. The agreement provides TECO dedicated use of the 900 MHz
spectrum for 20 years, with two optional ten-year extensions.
"Tampa Electric is a recognized technological leader in the
electric utility industry with a track record of innovation that
truly sets it apart," said Rob
Schwartz, President & CEO of Anterix. "We're excited to
have TECO join the growing list of utilities, as well as the more
than 100 technology companies that comprise the Anterix Active
Ecosystem, who together are driving the nationwide standardized 900
MHz utility broadband solution in support of a modernized
grid."
For further information about the Anterix-Tampa Electric
agreement, see the Tampa Electric Agreement Fact Sheet in the
investor information section of Anterix's website.
Shareholder Contact
Natasha Vecchiarelli
Vice President, Investor Relations & Corporate
Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
Media Contact
Paul Gaige
Vice President
Hill+Knowlton Strategies
504-957-1434
Paul.Gaige@hkstrategies.com
About Anterix
At Anterix, we partner with leading utilities and technology
companies to harness the power of 900 MHz broadband for modernized
grid solutions. Leading an ecosystem of more than 100 members, we
offer utility-first solutions to modernize the grid and solve the
challenges that utilities are facing today. As the largest holder
of licensed spectrum in the 900 MHz band (896-901/935-940 MHz)
throughout the contiguous United
States, plus Hawaii,
Alaska, and Puerto Rico, we are uniquely positioned to
enable private LTE solutions that support cutting-edge advanced
communications capabilities for a cleaner, safer, and more secure
energy future. To learn more and join the 900 MHz movement, please
visit www.anterix.com.
Forward-Looking Statements
Certain statements contained in this press release, other than
historical information, constitute forward-looking statements
within the meaning of the Federal securities laws. Words such as
"believes," "anticipates," "estimates," "expects," "intends,"
"aims," "potential," "will," "would," "could," "considered,"
"likely," "estimate" and variations of these words and similar
future or conditional expressions are intended to identify
forward-looking statements but are not the exclusive means of
identifying such statements. Forward-looking statements include,
but are not limited to, statements regarding: (i) the timing of
payments under the TECO Agreement, (ii) Anterix's and TECO's
ability to negotiate and enter into agreements with incumbents to
clear the 900 MHz Broadband Spectrum allocation in TECO's service
areas on a timely basis and on commercially reasonable terms; (iii)
Anterix's ability to qualify for and timely secure broadband
licenses in TECO's service areas; and (iv) Anterix's ability to
satisfy the other terms of its agreement with TECO. Any such
forward-looking statements are based on the current expectations of
Anterix's management and are subject to a number of risks and
uncertainties that could cause Anterix's actual future results to
differ materially from its management's current expectations or
those implied by the forward-looking statements. These risks and
uncertainties include, but are not limited to: (i) Anterix may not
be successful in commercializing its spectrum assets to its
targeted utility and critical infrastructure customers on a timely
basis and on favorable terms; (ii) Anterix may be unable to secure
broadband licenses from the FCC on a timely and cost-effective
basis; (iii) Anterix has a limited operating history with its
current business plan, which makes it difficult to evaluate its
prospects and future financial results and its business activities,
strategic approaches and plans may not be successful; and (iv) the
value of Anterix's spectrum assets may fluctuate significantly
based on supply and demand, as well as technical and regulatory
changes. These and other risk factors that may affect Anterix's
future results of operations are identified and described in more
detail in Anterix's most recent filings on Forms 10-K and 10-Q and
in other filings that it makes with the SEC from time to time.
These documents are available on Anterix's website
at www.anterix.com under the Investor Relations section
and on the SEC's website at www.sec.gov. Accordingly, you
should not rely upon forward-looking statements as predictions of
future events. Except as required by applicable law, Anterix
undertakes no obligation to update publicly or revise any
forward-looking statements contained herein, whether as a result of
any new information, future events, changed circumstances or
otherwise.
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SOURCE Anterix Inc.