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Airborne Wireless Network Signs MOU With Electric Lightwave Holdings, Inc., A Fiber, Cable, And Data Infrastructure ProviderSIMI VALLEY, Calif., Dec. 27, 2016 /PRNewswire/ -- Airborne Wireless Network (OTC QB: ABWN) is pleased to announce it has entered into an agreement with Electric Lightwave Holdings, Inc. ("Electric Lightwave"). This agreement creates a mutually beneficial relationship pursuant to which the ground segment of our contemplated Infinitus Super Highway™ will be supported by Electric Lightwave's 12,500-mile fiber optics cable and data center network, which is located throughout the Western United States, including an undersea cable link to the Hawaiian Islands. Furthermore, we believe this agreement is significant, as it provides us access to strategic properties on which we may construct our ground stations. With this agreement, we have moved closer toward creating the Infinitus Super Highway™. Jason T. de Mos, our Vice President of Business Development and Aviation Compliance, said, "This agreement will allow our contemplated Infinitus Super Highway™, once implemented, to reach the end users. Without a ground link, users would have no way to access our network. This agreement with Electric Lightwave Holdings, Inc. provides that initial link to the ground, paving the way for ground segment partnerships for the remainder of the United States." Also, pursuant to this agreement, Electric Lightwave has agreed to assist us with introductions and other support and advisory services during our testing phases through and including final system rollout. On November 30, 2016, Zayo Group Holdings, Inc. announced it has entered into an agreement to acquire Electric Lightwave, formerly known as Integra Telecom, for $1.42 billion in cash. We do not believe that Zayo's acquisition of Electric Lightwave will affect our agreement with Electric Lightwave. About Airborne Wireless Network Currently, the world's connectivity is achieved by use of undersea cables, ground based fiber and satellites. Airborne Wireless Network believes that Airborne Wireless Network's airborne digital highway is the logical solution to fill the world's connectivity void. Once the network is developed and fully implemented, its uses are limitless. Airborne Wireless Network, once developed, should provide low cost, high-speed connectivity to rural areas, island nations, ships at sea, oil platforms, in addition to connectivity to commercial and private aircraft in flight. For further information see: www.airbornewirelessnetwork.com About Electric Lightwave Holdings, Inc. Notice Regarding Forward-Looking Statements: Risks and uncertainties include, but are not limited to, availability of capital; the inherent uncertainties associated with developing new products or technologies and operating as a development stage company; our ability to raise the additional funding we will need to continue to pursue our business and product development plans; our ability to develop and commercialize products based on our technology platform; competition in the industry in which we operate and market; general industry conditions; general economic factors; the impact of industry regulation; technological advances; new products and patents attained by competitors; manufacturing difficulties or delays; dependence on the effectiveness of the company's patents; and the exposure to litigation, including patent litigation, and/or regulatory actions.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/airborne-wireless-network-signs-mou-with-electric-lightwave-holdings-inc-a-fiber-cable-and-data-infrastructure-provider-300383287.html SOURCE Airborne Wireless Network |