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IN BRIEF: Allied Minds notes expansion by investee Federated Wireless

Mon, 08th Nov 2021 10:57

Allied Minds PLC - Boston, Massachusetts-based intellectual property commercialisation company - Portfolio company Federated Wireless Inc reports growth in shared spectrum market. Federated Wireless currently has more than 200 customers, with 70,000 devices deployed, which together indicate strong momentum for the entire market segment, it says. "We are extremely pleased with both the growth of the sector and Federated Wireless' leadership in it and are proud to have realized the potential of shared spectrum, the technology and the company," says Iyad Tarazi, chief executive of Federated Wireless.

Current stock price: 24.32 pence

Year-to-date change: down 25%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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IN BRIEF: Allied Minds notes expansion by investee Federated Wireless

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