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Ubiquiti Applauds FCC's Expansion of 5GHz Spectrum(Marketwire Via Acquire Media NewsEdge) SAN JOSE, CA -- (Marketwired) -- 04/08/14 -- Ubiquiti Networks, Inc. (NASDAQ: UBNT), a next-generation communications technology company, is pleased to see that the FCC is recognizing the importance of the 5GHz spectrum with its move last week to add 100MHz to the band. A recent report by Telecom Advisory Services[1] estimates that unlicensed spectrum has added over 140 billion dollars to the US economy alone. Ubiquiti has been one of the pioneers in leveraging and promoting the use of the 5GHz spectrum since 2006. Ubiquiti products using the 5GHz spectrum have been deployed around the world to enable connectivity in emerging markets, such as Eastern Europe and South America, and provide superior network coverage in challenging deployments with inclement weather conditions or interference-heavy areas. With over 20 million outdoor units sold, Ubiquiti is the largest supplier of broadband carrier class links employing the UNII frequency bands. "It's heartening to see the FCC is investing in the growth of the 5GHz spectrum, which will be critical to increasing Internet connectivity for everyone who needs it," said John Sanford, CTO at Ubiquiti Networks. "We've invested a significant amount of time and resources researching the capabilities of 5GHz and look forward to developing more innovations that empower our customers." [1] ASSESSMENT OF THE ECONOMIC VALUE OF UNLICENSED SPECTRUM IN THE UNITED STATES, TELECOM ADVISORY SERVICES, LLC, February 2014. About Ubiquiti Networks Ubiquiti Networks (NASDAQ: UBNT) is closing the digital divide by building network communication platforms for everyone and everywhere. With over 10 million devices deployed in over 180 countries, Ubiquiti is transforming under-networked businesses and communities. Our leading edge platforms, airMAX®, UniFi®, airFiber®, airVision®, mFi® and EdgeMAX® combine innovative technology, disruptive price performance and the support of a global user community to eliminate barriers to connectivity. For more information, join our community at http://www.ubnt.com. Ubiquiti, the Ubiquiti logo, Ubiquiti Networks, airMAX, NanoBeam, airFiber, airVision, UniFi, mFi, EdgeMAX, EdgeRouter, InnerFeed, xRT, and World Network are registered trademarks or trademarks of Ubiquiti Networks, Inc. and/or its affiliates in the United States and other countries. All other trademarks mentioned in this document are the property of their respective owners. Safe Harbor for Forward Looking Statements Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including words such as "look," "will," "anticipate," "believe," "estimate," "project," "expect," "consider," "schedule" and "plan" and statements in the future tense are forward looking statements. The statements in this press release that could be deemed forward-looking statements include statements regarding release of new products and expected performance, price-performance disruptiveness, growth prospects, product applications, expected performance and potential benefits, market positioning, short and long-term opportunities, and any statements or assumptions underlying any of the foregoing. You should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. Ubiquiti Networks undertakes no obligation to update information contained in this press release. You should review our SEC filings carefully, particularly the discussions under the heading "Risk Factors" and elsewhere in our Annual Report on Form 10-K for the year ended June 30, 2013 and other filings filed with the U.S. Securities and Exchange Commission that identify risks that could cause actual results to differ from those made in such forward-looking statements. Contact: Ben Moore Vice President, Business Development Ubiquiti Networks, Inc. Email Contact Source: Ubiquiti Networks |