Telecom Infra Project Welcomes Minim and Evaluates Its Technology as a Standard Element in OpenWiFi Architecture
Minim, Inc. (NASDAQ: MINM) has joined the Telecom Infra Project (TIP) Open Converged Wireless (OCW) Project Group and will support the Open Source TIP OpenWiFi Project. This partnership aims to standardize Minim's intelligent connectivity software with TIP OpenWiFi's framework, benefiting Internet Service Providers (ISPs) and Original Equipment Manufacturers (OEMs). Minim is collaborating on a roadmap for integration, targeting completion in early 2022. OpenWiFi is expected to enhance WiFi infrastructure cost-efficiency and spur innovation in the industry.
- Joining TIP's OpenWiFi Project Group enhances Minim's product integration opportunities.
- Potential for Minin's software to standardize across various devices is a significant advancement.
- Collaboration targets full integration in early 2022, promising future innovations.
- OpenWiFi aims to reduce infrastructure costs, increasing accessibility for ISPs.
- No specific financial metrics or projections were disclosed regarding partnership impacts.
- Integration timelines are subject to risks that may affect implementation schedules.
TIP is a global community of companies and organizations, including BT, Vodafone, Telefónica, Deutsche Telekom, Dell, Intel, and Facebook, that are driving infrastructure solutions to advance global connectivity.
MANCHESTER, NH, Sept. 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Minim, Inc. (NASDAQ: MINM), the creator of intelligent networking products, today announced it joined the Telecom Infra Project (TIP) Open Converged Wireless (OCW) Project Group and will be supporting the Open Source TIP OpenWiFi Project. Minim and TIP OpenWiFi members are evaluating the use of Minim’s intelligent connectivity software as a standard element in the Project Group’s OpenWiFi framework. This move would allow ISPs and OEMs to activate Minim or any other Wi-Fi management software that supports OpenWiFi’s new subscriber management framework on TIP OpenWiFi compliant devices.
TIP OpenWiFi was unveiled in May 2021 and is a community-developed, fully disaggregated Wi-Fi system, including Access Point (AP) hardware, an open-source AP network operating system (NOS) and an SDK to build Cloud native Wi-Fi Controller & management software for Wi-Fi Service Providers and Enterprises, making it possible for Access points, Cloud controllers and over-the-top analytics solutions, from different vendors to interoperate and work together on the same Wi-Fi network, with confidence.
“OpenWiFi has the potential to unlock extensive opportunities for both Minim and our customers,” said Alec Rooney, CTO, Minim. “We have seen first-hand fragmented and proprietary router firmwares can slow down new product innovation. OpenWiFi is a promising Wi-Fi platform for us to standardize a Minim solution across our own hardware portfolio while contributing value alongside a vibrant ecosystem of solution providers. We look forward to continued research and development with the global TIP community.”
Minim is currently working with OpenWiFi developers on a joint roadmap, targeting full integration and platform data exchange in the first half of 2022. Upon successful integration and testing, Minim plans to leverage its OpenWiFi-based MinimOS in its own product portfolio, as well as offer the managed firmware to third parties.
“TIP OpenWiFi promises to lower WiFi infrastructure cost and accelerate innovation,” stated Adlane Fellah, Senior Analyst at Maravedis. “At a time when WiFi is playing a key role in our lives, OpenWiFi is set to disrupt the WiFi vendor-lock model by bringing a common set of features that are open for everyone to leverage. It also enables a potential marketplace for WiFi vendors like Minim to be inherently interoperable and bring unique and extensive value to home WiFi service delivery.”
For more information about Minim, visit www.minim.com.
About the Telecom Infra Project (TIP)
The Telecom Infra Project (TIP) is a global community of companies and organizations that are driving infrastructure solutions to advance global connectivity. Half of the world’s population is still not connected to the internet, and for those who are, connectivity is often insufficient. This limits access to the multitude of consumer and commercial benefits provided by the internet, thereby impacting GDP growth globally. However, a lack of flexibility in the current solutions - exacerbated by a limited choice in technology providers - makes it challenging for operators to efficiently build and upgrade networks. Founded in 2016, TIP is a community of diverse participants that includes hundreds of companies - from service providers and technology partners, to systems integrators and other connectivity stakeholders. We are working together to develop, test and deploy open, disaggregated, and standards-based solutions that deliver the high quality connectivity that the world needs - now and in the decades to come. Find out more: http://www.telecominfraproject.com.
About Minim
Minim, Inc. (NASDAQ: MINM) is the creator of intelligent networking products that dependably connect people to the information they need and the people they love. Headquartered in Manchester, NH, the company delivers smart software-driven communications products under the globally recognized Motorola brand and Minim® trademark. Minim end users benefit from a personalized and secure WiFi experience, leading to happy and safe homes where things just work. To learn more, visit https://www.minim.com.
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.
Media Contact:
Grace McElroy at (914) 643-5260 or grace@minim.com
Investor Relations Contact:
James Carbonara, Hayden IR at (646) 755-7412 or james@haydenir.com
Forward-Looking Statements
This press release contains “forward-looking statements”, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to Minim’s plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including: risks associated with Minim’s potential inability to realize intended benefits of the merger; the potential increase in tariffs on the company's imports; potential difficulties and supply interruptions from moving the manufacturing of most of the company’s products to Vietnam; risks relating to global semiconductor shortages; potential changes in NAFTA; the potential need for additional funding which Minim may be unable to obtain; declining demand for certain of Minim’s products; delays, unanticipated costs, interruptions or other uncertainties associated with Minim’s production and shipping; Minim’s reliance on several key outsourcing partners; uncertainty of key customers’ plans and orders; risks relating to product certifications; Minim’s dependence on key employees; uncertainty of new product development, including certification and overall project delays, budget overruns; the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; costs and senior management distractions due to patent related matters; risks from a material weakness in our internal control over financial reporting; the impact of the COVID-19 pandemic; and other risks set forth in Minim’s filings with the Securities and Exchange Commission. Minim cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Minim expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Minim’s expectations or any change in events, conditions or circumstance on which any such statement is based.
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