ALM.L Regulatory News (ALM)

17 September 2019

Allied Minds

US regulator approves initial commercial deployment of Citizen Band Radio Service

Allied Minds plc (LSE: ALM), the IP commercialisation company focused on early stage technology businesses, notes that Federal Communications Commission (FCC - the US radio, television, wire, satellite, and cable regulator) has approved an initial commercial deployment (ICD) of Citizen Band Radio Service (CBRS).

The full FCC announcement can be found here.

Allied Minds' portfolio company Federated Wireless ("Federated") is a pioneer in CBRS and this development will have a significant impact on the development of the business.

Federated is working to accelerate availability of high-speed, low-cost wireless access to mobile data, via the CBRS market which is in a state of rapid and dynamic growth - see announcement on 10 September 2019 here.

Federated has a customer base of more than 25 companies spanning the telecommunications, energy, hospitality, education, retail, office space, municipal and residential verticals, with a wide range of use cases extending from network densification and mobile offload to private LTE and industrial IoT. Its partner ecosystem includes more than 40 device manufacturers and edge partners, all of which are dedicated to collaboration to advance development and proliferation of CBRS services.

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About Allied Minds

Allied Minds plc is an IP commercialisation company focused on early stage company development within the technology sector. With origination relationships that span US federal laboratories, universities, and leading US corporations, Allied Minds historically created, and now operates and funds, a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, Allied Minds supports its businesses with capital, management, expertise and shared services. For more information, please visit www.alliedminds.com.