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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.
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.
Anterix (NASDAQ: ATEX) has signed a 20-year agreement with Evergy (NYSE: EVRG) for the use of its 900 MHz broadband spectrum across Evergy's service area in Kansas and Missouri. This lease, with two 10-year renewal options, aims to enhance Evergy's grid modernization by deploying a private wireless broadband communications network utilizing LTE technology. The partnership follows similar agreements with other utilities, facilitating a collaborative approach to smart grid applications and efficient energy delivery.
Anterix and Federated Wireless announced a collaboration on Aug. 11, 2021, aimed at enhancing operational reliability for electric utilities through a new offering that combines Anterix's licensed 900 MHz broadband spectrum with Federated's shared spectrum services. This integrated solution is expected to provide utilities with a multi-band option for grid communications, ensuring extensive coverage and control. With Anterix's significant spectrum holdings and Federated's CBRS expertise, the partnership aims to accelerate innovation within the utility sector, enabling modernized infrastructure and improved security.
Anterix (NASDAQ: ATEX) held its virtual annual stockholder meeting on August 6, 2021, but it was adjourned due to technical difficulties with the hosting platform. The meeting will reconvene on the same day at 12 PM ET. Stockholders can participate through a live audio webcast, allowing them to vote and ask questions. Anterix focuses on providing private broadband solutions, holding the largest licensed spectrum in the 900 MHz band across the contiguous U.S., Hawaii, Alaska, and Puerto Rico, aimed at modernizing critical infrastructure.
Anterix (NASDAQ: ATEX) will release its first quarter fiscal 2022 financial results after market close on August 11, 2021, followed by an investor conference call at 4:45 PM ET. Interested participants can join the call by dialing 888-267-2845 with conference code 512214. A replay will be available on Anterix's Investor Relations page.
Anterix is focused on providing private broadband solutions for critical infrastructure across various sectors, leveraging its position as the largest holder of licensed spectrum in the 900 MHz band.
Ericsson and Anterix are partnering to enhance private network models for utilities in the U.S. The FCC has certified the Ericsson Radio 2212/2012 for use in the 900MHz spectrum, supporting utilities' shift towards more secure and flexible infrastructures. This collaboration aligns with the global trend of digitizing operations to address rising cyber threats. Ericsson has experience with both large and small utilities in North America, facilitating a transition to 4G/LTE with a pathway to 5G.
Anterix (NASDAQ: ATEX) and Motorola Solutions (NYSE: MSI) have entered into an agreement to enhance private LTE networks for utility companies, aiming to modernize the electric grid. This collaboration builds on Motorola's existing Private Broadband for Critical Infrastructure platform and the FCC's transition of the 900 MHz band to broadband. Anterix's licensed spectrum will enable utilities to deploy advanced LTE networks, providing better service to customers. They are also assisting Xcel Energy in evaluating a private LTE solution for improved grid management.
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