Anterix Active Ecosystem Program Launches Cybersecurity Initiative

Rhea-AI Summary

Anterix (NASDAQ: ATEX) has launched the Anterix Security Collective, a collaborative initiative involving 900 MHz private LTE cyber-physical solutions providers aimed at enhancing security for utilities. This Collective is part of the Anterix Active Ecosystem Program (AAEP), which has grown from 37 to over 65 participating companies since May 2021. Initial members include firms like Mandiant and Qubitekk, committed to addressing unique Operational Technology security challenges for utilities. Anterix's strategic move underscores its focus on delivering secure private broadband solutions to critical infrastructure sectors.

Positive

• Launch of the Anterix Security Collective enhances utilities' cybersecurity capabilities.
• Collaboration with 6 specialized firms positions Anterix as a leader in utility security solutions.
• Growth of the AAEP to over 65 companies indicates strong industry interest and partnerships.

Negative

• Risks associated with the commercialization of spectrum assets may affect revenue.
• Potential challenges in securing timely broadband licenses from the FCC could delay deployment.

WOODLAND PARK, N.J., Dec. 7, 2021 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced the launch of the Anterix Security Collective, bringing together a team of 900 MHz private LTE cyber-physical solutions providers within the Anterix Active Ecosystem Program (AAEP). The objective of the Anterix Security Collective is to foster sector-specific knowledge, solutions, and collaboration in response to growing cyber-physical security concerns for our nation's utilities.

Members of the Anterix Security Collective have been selected by Anterix and represent cyber-physical security companies that are well-positioned to enhance utility defenses in the context of 900 MHz private LTE networks. Each Anterix Security Collective member is committed to collaborating with utilities and within the Collective to contribute toward finding and implementing comprehensive solutions. Anterix anticipates that the membership of the Security Collective will expand over time.

"Beyond deploying a private LTE network, utilities' Operational Technology (OT) security risks and needs differ greatly from traditional Information Technology (IT) customers of communications platforms in their security approaches and potential solution sets; finding the right partners in this highly complex area can be tough," said Ryan Gerbrandt, Anterix's Chief Operating Officer. "The AAEP is about helping customers capture the value of their private LTE networks, so we took on the hard work of identifying, vetting, and engaging leading companies in the field to create an expert, collaborative resource to assist them in reaching their cyber and physical security goals as well."

Since its inception in May 2021, the Anterix Active Ecosystem Program has grown from 37 participating companies to over 65; as a cyber and physical security branch of the AAEP, the Anterix Security Collective begins today with 6 participants (some of which were already AAEP members), including Mandiant, Onclave Networks, Inc., PacketViper, Q-Net Security, Qubitekk, and Sierra Nevada Corporation. 

Hear from our initial members in their own words how they describe their solutions and contributions to the Anterix Security Collective.

Mandiant

"Mandiant recognizes that collective and collaborative action is key to delivering comprehensive security for utilities," said Marshall Heilman, EVP & Chief Technology Officer, Mandiant. "We are pleased to bring the Mandiant Advantage platform and our cyber threat intelligence expertise to this effort."

Onclave Networks, Inc.

"LTE is a leading international cellular standard with a raft of built-in security features. The Anterix Security Collective will help us work with utilities—and with each other—to augment LTE's native security capabilities and meet each utility's particular security requirements," said Don Stroberg, Onclave Networks CEO. "Onclave is looking forward to bring our Zero Trust technology and The Onclave TrustedPlatform^TM to support this collaborative effort."

PacketViper

"Anterix has assembled an impressive group with the Anterix Security Collective to address cybersecurity issues of utilities as they become smarter and more connected, and we are extremely proud to be included," said Ken Wolf, PacketViper President and COO. "Anterix's critical infrastructure customers can trust PacketViper's Deception360 to help meet their cybersecurity needs with real-time, automated threat detection and response across converging IT and OT networks, without any risk of unplanned downtime."

Q-Net Security

"As a charter member of the Anterix Active Ecosystem, we are excited to take this next step with Anterix in forming the Anterix Security Collective," said Dr. Ronald Indeck, CEO at Q-Net Security. "Utilities demand the strongest network cybersecurity, and we are proud to bring our data authentication security to this unique collaboration."

Qubitekk

"Qubitekk is proud to bring our Quantum technology to support the Anterix Security Collective," said Dr. Duncan Earl, Qubitekk's President and CTO. "Protection, like that provided by our quantum telecommunications equipment using quantum entanglement can help secure communications across the utility networks."

Sierra Nevada Corporation

"SNC is excited to join the Anterix Security Ecosystem where it can protect our country's critical infrastructure using Binary Armor," said Pete Fischer, SNC's senior director of Cyber Programs. "Safeguarding and monitoring all activity at the edge with our inline cybersecurity solution is long overdue. We see this as a pivotal step toward not only detection of threats to our power grid, water systems, transportation networks – really the systems that make up the backbone of our country – but toward physical protection of those systems as well. Binary Armor detects and protects."

About Anterix

At Anterix, we are focused on delivering transformative private broadband that enables the modernization of critical infrastructure for the energy, transportation, logistics and other sectors of our economy. 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 the private LTE solutions that support secure, sustainable, resilient and customer-controlled operations. www.anterix.com  

Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts constitute forward-looking statements as defined under the Federal securities laws. These forward-looking statements include statements regarding the potential use cases and benefits to utilities of deploying private 900 MHz LTE broadband networks and of collaborating to develop cyber-physical solutions. Any such forward-looking statements are based on the Company's current expectations and are subject to a number of risks and uncertainties that could cause its actual future results to differ materially from its current expectations or those implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) the Company 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) the Company may be unable to secure broadband licenses from the FCC on a timely and cost-effective basis; (iii) the Company may not identify any cyber-physical solutions through this vehicle; and (iv) the value of the Company'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 the Company's future results of operations are identified and described in more detail in its filings with the SEC, including its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, filed with the SEC on November 3, 2021. Accordingly, you should not rely upon forward-looking statements as predictions of future events or results. Except as required by applicable law, the Company undertakes no obligation to update publicly or revise any forward-looking statements contained in this press release, whether as a result of any new information, changed circumstances or otherwise.

Contacts

Anterix

Natasha Vecchiarelli 
Director, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com

James Fuller
Executive Vice President
Hill+Knowlton Strategies
240-393-1369
James.Fuller@hkstrategies.com

 

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SOURCE Anterix Inc.

FAQ

What is the Anterix Security Collective launched by ATEX?

The Anterix Security Collective is a collaborative initiative aimed at enhancing cybersecurity for utilities through partnerships with 900 MHz private LTE solutions providers.

When was the Anterix Security Collective announced?

The Anterix Security Collective was announced on December 7, 2021.

How many companies are involved in the Anterix Security Collective?

The initial group includes 6 members, with plans for expansion.

What is the goal of the Anterix Active Ecosystem Program?

The goal is to foster collaboration and provide sector-specific solutions for utilities' cybersecurity needs.

How has the Anterix Active Ecosystem Program grown since its inception?

Since its inception in May 2021, it has expanded from 37 to over 65 participating companies.