Airspan Networks Holdings Inc. - MIMO STOCK NEWS

Betacom has been selected by Google Cloud as a launch partner to accelerate the delivery of private 5G networks in the U.S. This partnership leverages Google Distributed Cloud Edge, aiming to enhance Industry 4.0 technologies. The 5GaaS service offers a fully-managed, end-to-end wireless service to U.S. enterprises, ensuring cost-effective and high-performance connectivity. Betacom's collaboration with Airspan Networks and Druid Software will enable robust private network solutions, thereby supporting critical enterprise communications.

Airspan Networks (NYSE American: MIMO) and Resound Networks announced successful real-world testing of gigabit-tier fixed wireless services using the experimental 6 GHz spectrum. They achieved speeds of 1 Gbps download and 500 Mbps upload over distances exceeding 3 miles, marking a 50% increase in distance expectations. This technology aims to deliver fiber-quality services in rural areas at reduced costs. The Airspan Mimosa A6 access point, with up to 7 Gbps capacity, will be available this summer, pending FCC approval to utilize the 6 GHz band.

Betacom has partnered with MxD, the Digital Manufacturing Institute, to deploy a private 5G network at its Chicago headquarters. This collaboration aims to enhance technologies for Industry 4.0, enabling greater efficiency and competitiveness in manufacturing. Betacom’s 5GaaS will provide enterprises with managed private networks, improving operational productivity. The deployment involves multiple partners, including Airspan Networks Holdings Inc. and Druid Software, showcasing an innovative approach to wireless technology.

Airspan Networks Holdings Inc. (MIMO) reported Q1 2022 revenue of $37.6 million, a 25% decrease from Q4 2021 and 18% year-over-year. Gross margin fell to 32.1% from 41.1% in Q4 2021. The company incurred a net loss of $29.7 million, worsening from $19.6 million in the previous quarter. Despite supply chain challenges, four major customers placed new orders, and Airspan continues to expand its 5G network solutions. The company projects Q2 2022 revenue between $44 million and $48 million at a gross margin of 38%-40%.

Airspan Networks Holdings Inc. (NYSE American: MIMO) has partnered with Guident Corp. to deliver connectivity solutions for autonomous vehicles using CBRS spectrum. They have launched a 5G Private Networks testbed in Boca Raton, Florida, covering three square miles. This setup achieves a low latency of approximately 30 milliseconds, essential for safe autonomous driving. The collaboration is seen as a step towards adopting an Open RAN Network architecture. The partnership enhances Airspan's 5G offerings and supports Guident's teleoperation systems for enhanced safety.

Airspan Networks Holdings Inc. (NYSE American: MIMO) has partnered with GFO Investments to launch a 5G private network at The Gale South Beach hotel, Florida. This innovative network will enhance guest experiences by providing high-speed connectivity and streamline hotel operations. The deployment uses Citizens Broadband Radio Service (CBRS) spectrum, marking a significant milestone as one of the first U.S. hotels to implement such technology. This initiative aims to improve check-in processes, support video conferencing, and unify in-room technologies for an integrated guest experience.

Mercury Broadband has partnered with Airspan Networks Holdings (NYSE American: MIMO) to deploy CBRS Fixed Wireless Access solutions across several Midwestern states. Mercury Broadband, a key player in rural broadband, has begun purchasing and deploying hundreds of Airspan's radios to enhance its service. This partnership aims to close the digital divide by leveraging federal funds from the Rural Digital Opportunity Fund. Mercury’s expansion includes a significant upgrade in service level agreements, increasing reliability and service quality for customers.

Airspan Networks, a subsidiary of Airspan Network Holdings (NYSE: MIMO), achieved a significant milestone by passing the Wireless Innovation Forum's Release 2 test for Enhanced CBRS Group Handling with its 5G AirSpeed 2900. This achievement makes Airspan the first company to complete this test case, highlighting its leadership in the 5G and CBRS sector. The advancement promotes features that enhance CBRS ecosystem capabilities beyond mere regulatory compliance, offering optimized performance for operators and end users.