Madison Systems Inc. - Stanmac Broadband Inc. Press Release

Rhea-AI Summary

Madison Systems Inc. (MADI-OTC NASDAQ) and Stanmac Broadband Inc. have announced their commitment to expand proprietary broadband technology in partnership with Infinity Internet Solutions. The companies aim to bridge the digital divide for communities lacking high-speed internet access, particularly in rural and Indigenous areas of Canada and the USA. With their patented Connect Gen systems offering speeds of 100-200 Mbps, the firms plan to install up to 20 systems by year-end 2021. Additionally, funding opportunities from the Canadian government and the US government's $100 billion pledge present significant growth potential.

Positive

• Steady increase in subscribers for the East Prairie project.
• Approval of additional licenses by ISED Canada for expansion.
• Plans to install up to 20 Connect Gen systems in underserved areas.
• Access to $6 billion in Canadian government funding for rural internet infrastructure.
• The US government's commitment to invest $100 billion to enhance broadband access presents new market opportunities.

Negative

• None.

TORONTO, May 17, 2021 /PRNewswire/ - Madison Systems Inc. (MADI-OTC NASDAQ) and Stanmac Broadband Inc. (SBI) update our future role in the delivery of our proprietary and patented broadband technology (6 to 8 years ahead of the industry) in partnership with an associate company, Infinity Internet Solutions. The number of subscribers on the East Prairie project has been increasing steadily, lives have changed completely, they are ecstatic and the ISED (Innovation, Science and Economic Development) of Canada is approving additional licenses to further expand our reach to communities, currently lacking access to high-speed broadband.

Madison Systems Inc./Stanmac Broadband Inc new patented product development.

During the Covid-19 pandemic, we have seen an unparalleled reliance on high-speed internet. Students (for schooling), people (working from home), every business has had to adapt and join the online marketplace, it's the way of the future growth of businesses. Unfortunately, millions of people in Canada and the USA do not have access to this basic essential service. In 2017, Canadian census reported that 37 percent of rural households and 24 percent of Indigenous households in Canada lacked high-speed broadband access. In the USA, approximately 30 million Americans lack high-speed broadband.  Demand is extraordinary and through strategic partnerships, numerous spectrum licenses and unparalleled patented technology, Madi/SBI is positioned to supply affordable, reliable broadband and bridge the digital divide.

Our patented Connect Gen systems deliver broadband through the UHF spectrum providing internet, TV, telephone, and security without interruption or interference. Each Connect Gen system provides high-speed broadband with speeds of 100 to 200Mbps and supplies subscribers in a radius up to 60km from our tower without line-of-sight. Connect Gen systems are engineered, tested and field proven utilizing DOCSIS 3 and Channel Bonding to provide unrivaled capabilities, reaching rural/remote communities (of 20,000 plus homes & businesses).

Madi/SBI has an aggressive expansion plan for Canada/USA for 2021 and 2022. Our goal is to install up to 20 systems by the end of the year in rural and remote communities in need; including Indigenous communities, small towns and remote summer and winter homes. Rapid growth and implementation of our Connect Gen systems is our goal, and with licenses allowing us to utilize existing tower infrastructure, we are positioned to achieve these goals.

The Ontario and Federal Governments has recently released their 2021 budget which included up to $6 billion in rural internet infrastructure funding. Madi/SBI and Infinity Internet Solutions plan on expanding through it's ability to supply high speed broadband service across northern Canada allowing remote Canadians to access reliable internet. While the big telecom companies continue to under-serve rural and remote areas across Canada and Northern US states, Madi/SBI utilizing the new patented high-speed broadband technology are dedicated to connecting these communities with affordable and dependable broadband, encouraging cultural sustainability and essential community growth.

Future growth into the US market will be pursued as part of Madi/SBI mandate. With nearly 30 million Americans without access and a $100 billion pledge by the US Government to expand access to all Americans over the next 8 years, the opportunity for expansion is endless, and Madi/SBI will pursue all opportunities. 

Don McNally
President/CEO,

Please catch up with us and read our first two press releases; Oct 2^nd, 2018 and Apr 13^th, 2021

This press release may include forward-looking information within the meaning of OTC Markets Pink Guidelines, concerning the business and trading in the common stock of Madison Systems Inc. (MADI-OTC NASDAQ) such information is based on assumptions made by the company's management. Although the company believes these assumptions are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove correct. These forward-looking statements are made as of the date of the press release and the company disclaims any obligation to update publicly any forward-looking information, other than required by applicable securities law.

The OTC Markets has not reviewed, approved, or disapproved the content of this press release.

View original content:http://www.prnewswire.com/news-releases/madison-systems-inc---stanmac-broadband-inc-press-release-301292076.html

SOURCE Madison Systems Inc.

FAQ

What is Madison Systems Inc. (MADI) focusing on in their latest press release?

Madison Systems Inc. is focusing on expanding their patented broadband technology to underserved communities in Canada and the USA, targeting rural and Indigenous areas.

What technology are MADI and Stanmac Broadband Inc. utilizing?

They are utilizing their patented Connect Gen systems, which provide high-speed broadband with speeds of 100-200 Mbps.

How many systems does MADI plan to install by the end of 2021?

MADI plans to install up to 20 systems in rural and remote communities by the end of 2021.

What funding opportunities are available for MADI's expansion?

MADI has access to $6 billion in funding from the Canadian government for rural internet infrastructure.

How does the US government's broadband initiative affect MADI?

The US government's $100 billion pledge to improve broadband access presents significant expansion opportunities for MADI in the US market.