Federated Wireless Joins Effort to Bring Affordable and Reliable Shared Spectrum Based Internet Access to Remote Parts of the World

Telecom Infra Project Brings Together Facebook, Nokia, Intel, Deutsche Telekom, SK Telecom and Other Leading Technology Companies

ARLINGTON, Va.--()--Federated Wireless, Inc., a developer of cloud-based shared spectrum solutions to extend the access of wireless cellular networks, today announced that it has joined the Telecom Infra Project (TIP). TIP, which was launched by Facebook along with Intel and Nokia, is an engineering-focused initiative aimed at developing innovative new technologies and approaches to building and deploying telecommunications network infrastructure in developing countries and remote locations of developed countries. Federated Wireless will help TIP incorporate shared spectrum into its model.

As of the end of 2015, more than 4 billion people were still not connected to the Internet, and 10 percent of the world's population was living outside the range of cellular connectivity. Despite the widespread global adoption of mobile phones over the last 20 years, the cellular infrastructure required to support basic connectivity and more advanced capabilities like broadband is still unavailable or unaffordable in many parts of the world.

TIP is aimed at solving that by building an active open source community around WAN access technology development. The TIP open source material is expected to accelerate the implementation, deployment and operation of wireless connectivity by telecommunications operators, entrepreneurs, manufacturers and researchers.

“TIP is addressing some of the most pressing technology industry needs to rapidly connect the unconnected and underserved populations,” said Andrew Kurtzman, Executive Director of TIP. “Federated Wireless will join a dynamic membership that is working, towards augmenting the development of powerful new technologies and approaches that will pave the way for better connectivity and richer services.”

“TIP is a revolutionary and disruptive way to close the connectivity gap for rural communities and the developing world,” said Sarosh Vesuna, SVP, Corporate Development and Strategic Alliances. “Federated Wireless, through its development efforts, has been working on finding ways to simplify and thus make affordable access to communications and content on the Internet, making our involvement in TIP a logical step towards achieving our shared goals.”

TIP’s approximately 200 members include operators, infrastructure providers, system integrators and other technology companies. Its founding members are Facebook, Nokia, Intel, Deutsche Telekom and SK Telecom. Federated Wireless plans to contribute to TIP’s Core and Management Projects group, improving wireless network efficiency and flexibility while reducing expenses and operating costs.

More information about Federated Wireless, including the company’s recent filings to the FCC, can be found at www.federatedwireless.com. Federated Wireless is a subsidiary of Allied Minds (LSE: ALM).

About Federated Wireless

Formed in 2012, Federated Wireless, Inc. is developing scalable wireless infrastructure solutions to extend the access of carrier networks. The company’s dynamic Spectrum Access Service (SAS) platform focuses on the distribution of licensed shared spectrum. Its approach incorporates a neural network of radio sensors that allow for interference-free access to low-cost, high-quality licensed spectrum, and breaks down traditional barriers of high-cost, exclusive spectrum. The company’s differentiated business model creates opportunities for more efficient approaches to spectrum. Federated Wireless is headquartered in Arlington, VA with offices in Boston, MA. More information can be found at www.federatedwireless.com.

About Allied Minds

Allied Minds is a diversified holding company focused on venture creation within the life science and technology sectors. With unparalleled access to hundreds of university and federal labs across the U.S., Allied Minds forms, funds, and operates a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, with nationwide presence in Los Angeles and New York, Allied Minds supports its businesses with capital, central management, and shared services. For more information, please visit www.alliedminds.com.

Allied Minds Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Federated Wireless, Inc.
Ravi Pimplaskar, 703-593-1040
rpimplaskar@federatedwireless.com

Release Summary

Federated Wireless has joined the Telecom Infra Project, launched by Facebook, Intel and Nokia to develop new ways of building and deploying telecom network infrastructure in underserved areas.

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Contacts

Federated Wireless, Inc.
Ravi Pimplaskar, 703-593-1040
rpimplaskar@federatedwireless.com