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Federated Wireless Takes Another Step Closer Towards Bringing Shared Spectrum to 3.5 GHz BandFederated Wireless, Inc., a subsidiary of Allied Minds (LSE: ALM) that provides cloud-based wireless infrastructure solutions to extend the access of carrier networks, today announced that it has officially begun the certification process with the Federal Communications Commission (FCC (News - Alert)) for its Spectrum Access System (SAS). The SAS is designed to bring forth the benefits of shared spectrum in the 3.5 GHz band. The band, known as the Citizen's Broadband Radio Service (CBRS), was established in April 2015 by the FCC. With the start of this certification process, Federated Wireless enters a final phase of its regulatory process as it prepares the solution for commercial use. The Company's SAS (News - Alert) utilizes a three-tiered model designed to protect federal and commercial incumbents that already exist in the 3.5 GHz band and provide access to carriers and other industry participants by allocating spectrum resources through Priority Access Licenses and General Authorized Access. Upon completion of the certification process, Federated Wireless will have the necessary authority to utilize the SAS to alleviate spectrum management challenges and improve the throughput, performance and capacity of wireless networks. The 3.5 GHz band has been gaining momentum since it was established, including the recent announcement of a CBRS Alliance in which Federated Wireless takes part with major ecosystem partners - Google, Intel, Nokia (News - Alert), Qualcomm, and Ruckus Wireless. This Alliance signalled a strong commitment to the band and to making CBRS solutions widely available. The companies are working towards LTE-based field trials in the second half of this year, and several showcased CBRS-ready technologies at February's Mobile World Congress (News - Alert) event. The FCC created the 3.5 GHz band to implement new innovations in spectrum licensing and access schemes to meet the needs of a multiplicity of users simultaneously while not interfering with federal users currently utilizing the space. The U.S. military currently uses the band for radar systems that aid in critical national security missions, and the three-tiered model that Federated Wireless' SAS is based upon is designed to allow commercial access without compromising the U.S. military's use. "Federated Wireless has worked with the FCC since 2012 paving the way to commercial usage of the 3.5 GHz band," said Kurt Schaubach, ederated Wireless' Chief Technology Officer. "We are pleased with the FCC's and others' continued commitment to spectrum sharing. This important milestone validates the work we have put in with other stakeholders for innovation within the band." Federated Wireless is also developing its CINQ XP platform, a cloud-hosted data analytics and intelligence solution that provides access to the real-time management of shared spectrum made possible through SAS. CINQ XP is designed to make it easy for wireless carriers to extend the allocation and management of spectrum resources and enable 5G, the next generation of mobile communications. Federated Wireless has been instrumental in shaping the ecosystem and standards for the 3.5 GHz band, and has led collaborations with industry partners, including the Wireless Innovation (News - Alert) Forum. More information about Federated Wireless, including the company's recent filings to the FCC, can be found at www.federatedwireless.com. 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 offices 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.
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