Welcome to our dedicated page for Anterix news (Ticker: ATEX), a resource for investors and traders seeking the latest updates and insights on Anterix stock.
Anterix Inc. (NASDAQ: ATEX) is a premier wireless communications company dedicated to revolutionizing broadband infrastructure for critical industries across the United States, including energy, transportation, and logistics. Incorporated in 1997 and headquartered in Woodland Park, New Jersey, Anterix rebranded from PDVWireless, Inc. in August 2019, reflecting its mission to enable private LTE solutions through its extensive spectrum assets.
Anterix's unique value proposition lies in its exclusive ownership of licensed spectrum in the 900 MHz band (896-901/935-940 MHz), covering the contiguous United States as well as Hawaii, Alaska, and Puerto Rico. This strategic asset allows Anterix to offer robust, secure, and resilient private broadband networks tailored for utilities and critical infrastructure sectors.
The company's core service, Private LTE for utilities, facilitates the modernization of the power grid by automating processes, enhancing environmental monitoring, integrating artificial intelligence, and significantly boosting productivity. Anterix's solutions are pivotal in addressing the growing demands for secure, customer-controlled operations in a rapidly digitizing world.
Recent milestones highlight Anterix's commitment to growth and innovation. These include the first quarter fiscal 2024 results, demonstrating strong financial performance, and the authorization of a $250 million share repurchase program, reflecting robust shareholder value creation. Additionally, Anterix's partnership with Tampa Electric (TECO) exemplifies its expanding customer base and the long-term strategic agreements facilitating the deployment of 900 MHz broadband spectrum.
In collaboration with prominent entities such as EPRI, George Mason University, Southern Company, and Virginia Tech, Anterix is also at the forefront of enhancing cybersecurity for critical energy infrastructure. This initiative, supported by significant funding from the U.S. Department of Energy, underscores Anterix's role in pioneering resilient and secure grid solutions.
To learn more about Anterix's transformative solutions and join the movement towards a modernized, secure energy future, visit their website at www.anterix.com.
Xcel Energy has signed a 20-year agreement with Anterix for the use of its 900 MHz spectrum across eight states, enhancing its grid modernization efforts for 3.7 million electricity and 2.1 million natural gas customers. The collaboration supports a private LTE network aimed at improving energy delivery and reliability. Xcel, now part of the Utility Strategic Advisory Board, will also assist with technology trials and participate in the Anterix Active Ecosystem. This move positions Xcel Energy as a key player in the utility broadband sector.
Anterix (NASDAQ: ATEX) will announce its second quarter financial results for fiscal year 2023 after market close on November 8, 2022. A conference call for analysts and investors is scheduled for the same day at 4:30 P.M. ET, where management will discuss the results. Interested participants can join the call by dialing 888-267-2845 with the conference code 591414. A replay will be available on Anterix's website. The company focuses on providing private broadband solutions, leveraging its extensive licensed spectrum in the 900 MHz band.
Anterix (NASDAQ: ATEX) has partnered with Future Technologies Venture to integrate its 900 MHz spectrum into Future Technologies' digital transformation solutions. This collaboration targets the increasing demand for private wireless networks across sectors including oil & gas, manufacturing, and smart agriculture. With over 180 clients, Future Technologies provides extensive experience in implementing private LTE and 5G networks. Anterix aims to leverage this partnership to enhance private LTE capabilities, bringing innovative solutions to various industries while maintaining a focus on utilities.
Anterix (NASDAQ: ATEX) will release its first quarter financial results for the 2023 fiscal year on August 8, 2022, after market close. A conference call for investors and analysts will be held the same day at 4:30 P.M. ET to discuss these results. Interested parties can join by calling 888-267-2845 using the code 961551. A replay will be available on Anterix's Investor Relations webpage.
Anterix (NASDAQ: ATEX) has announced the participation of its management team in several upcoming investor conferences. CFO Tim Gray will engage in a fireside chat at J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference on May 24, 2022, in Boston. He will also speak at B. Riley Securities' Institutional Investor Conference on May 25, 2022, in Los Angeles, alongside 1:1 meetings. Additionally, Tim Gray and VP Natasha Vecchiarelli will conduct meetings virtually at Craig-Hallum's conference on June 1, 2022. Interested investors may schedule meetings and view webcasts at Anterix's Investor Relations site.
Anterix (NASDAQ: ATEX) has launched an integrated platform aimed at enhancing private broadband networks for utilities. This initiative, announced on May 19, 2022, will feature a cloud-based 4G/5G core to support services like mutual aid and cybersecurity. A newly formed Utility Strategic Advisory Board (USAB), comprising senior utility executives, will prioritize platform initiatives. The initial offerings include a multiband communications module, enhanced cybersecurity integrations, and a connected lab for device testing. This collaborative effort aims to drive innovation across the utility sector.
Anterix (NASDAQ: ATEX) will announce its fourth quarter and full year financial results for fiscal 2022, ending March 31, 2022, on May 20, 2022, before market opening. A conference call for analysts and investors is scheduled for the same day at 8:30 A.M. ET. Interested participants can join by calling 888-267-2845 with the conference code 231489. A replay of the call will be available on Anterix's Investor Relations website following the event.
Anterix (NASDAQ: ATEX) will have its President & CEO Rob Schwartz participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022, at 4:10 PM PT in San Francisco, CA. During this event, Anterix will also engage with investors throughout the day. A live webcast of the discussion will be available on the Anterix Investor Relations website. The company is a major holder of licensed spectrum in the 900 MHz band, focusing on private broadband solutions for various sectors.
Anterix (NASDAQ: ATEX) has announced a rescheduled date for its third quarter fiscal 2022 financial results. The release will now occur after the market closes on February 3, 2022, due to scheduling conflicts with analysts. An investor conference call will follow on the same day at 5:00 pm ET, where participants can join by calling 888-267-2845 and entering the conference code 749208. Following the call, a replay will be available on the company's website.
On January 25, 2022, Anterix (NASDAQ: ATEX) and Schweitzer Engineering Laboratories announced a white paper on using falling conductor protection (FCP) for wildfire mitigation. This technology allows utilities to detect and de-energize fallen power lines in under one second using Anterix's 900 MHz private LTE network. The initiative addresses the rising wildfire risks linked to electric power systems and aims to enhance grid reliability, benefiting millions in high-risk areas. The adoption of FCP technology could significantly improve response times compared to traditional methods.
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