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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.
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.
Anterix (NASDAQ: ATEX) will announce its third quarter fiscal 2022 financial results on February 2, 2022, after market close. An investor conference call will follow at 4:45 pm ET the same day. Participants can join the call by dialing 888-267-2845 with the conference code 749208. A replay will be available on their website. Anterix focuses on delivering private broadband solutions, leveraging its significant licensed spectrum in the 900 MHz band. The company aims to modernize critical infrastructure across various sectors.
Anterix, trading under the symbol ATEX, announced that its President & CEO, Rob Schwartz, will present at Citi's AppsEconomy Conference on January 7, 2022, at 1:00 PM EST. The event offers an opportunity for investors to schedule meetings with Anterix through their Citi representatives. A live webcast of the presentation will be available on Anterix's Investor Relations website. The company is dedicated to providing transformative private broadband solutions, possessing the largest licensed spectrum in the 900 MHz band across the continental US and territories.
Anterix (NASDAQ: ATEX) announces the appointment of Chris Guttman-McCabe as its Chief Regulatory and Communications Officer to the Board of Directors of the GridWise Alliance. This role underscores the importance of modern communications for the electric grid's evolution. Guttman-McCabe brings extensive experience, having previously served 13 years at CTIA and founded CGM Advisors. This appointment enhances Anterix's leadership in technology and communications, aligning with GridWise's mission to integrate new technologies for utility advancements.
Anterix (NASDAQ: ATEX) announced that its President & CEO, Rob Schwartz, and CFO, Tim Gray, will present at Oppenheimer's Virtual Annual 5G Summit on December 14, 2021, at 2:05 PM EST. The company will also meet with investors throughout the day. A live webcast and replay of the presentation will be available on the Anterix Investor Relations website. Anterix is focused on delivering private broadband solutions, holding the largest licensed spectrum in the 900 MHz band across the contiguous U.S., Hawaii, Alaska, and Puerto Rico.
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.
Anterix (NASDAQ: ATEX) announced the successful completion of Phases I and II of a high-impact project with the U.S. Department of Energy's NREL. The project validated the performance of Anterix's 900 MHz private LTE network for critical grid communications. NREL's tests demonstrated the effectiveness of wireless communications in utility applications aimed at grid modernization and decarbonization goals. The project involved collaboration with an Industry Advisory Board of six utilities across 18 states, focusing on real-world utility use cases.
Anterix (NASDAQ: ATEX) announced that three of its leaders, Gena Ashe, Singleton B. McAllister, and Gregory Pratt, were recognized by Savoy Magazine as among the 2021 Most Influential Black Corporate Directors. This honor celebrates their contributions to corporate governance. Gena Ashe serves as Chief Legal Officer, Singleton B. McAllister is the Lead Independent Director, and Gregory Pratt chairs the Compensation Committee. The recognition reflects Anterix's commitment to diversity and effective board leadership, reinforcing its strategic position in delivering innovative private broadband solutions.
Anterix (NASDAQ: ATEX) will release its second quarter fiscal 2022 financial results on November 3, 2021, after the market closes. An investor conference call is set for the same day at 4:45 pm ET. Participants can access the call by calling 888-267-2845 with conference code 614582. A replay will be available on Anterix's Investor Relations website.
The company focuses on delivering private broadband solutions for critical infrastructure across sectors including energy and transportation.
Anterix (NASDAQ: ATEX) has authorized a share repurchase program to buy back up to $50 million of its common stock over two years, reflecting strong business momentum and cash flow. CEO Rob Schwartz emphasized this program as a value-return strategy for shareholders. The timing and extent of repurchases will depend on factors such as market conditions and the company's financial position. Anterix had approximately $106 million in cash and equivalents as of June 30, 2021, with 18,116,430 shares outstanding as of July 31, 2021.
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