IotaComm updates status of the spectrum license applications from recent FCC Public Notice
ALLENTOWN, PA / ACCESSWIRE / March 3, 2020 / Iota Communications, Inc. (OTCQB:IOTC), a wireless network carrier and software service company that provides Internet of Things solutions which optimize energy efficiency, sustainability and operations for commercial facilities, today announced an update on the status of FCC spectrum license applications and granted licenses.
In April 2019, the Federal Communications Commission (FCC) announced the availability of additional channels through a Public Notice. As part of the company's continuing efforts to expand its spectrum coverage, 637 applications for 800 MHz FCC licensed spectrum were submitted on behalf of the Company and our spectrum partners and 629 licenses have been granted in connection with those applications. With over 9200 channels under management, these FCC licenses provide the potential to reach up to 85% of the US population. The remaining licenses are expected to be granted over the coming months, which will move the company substantially closer to the goal of achieving full US population spectrum coverage.
"We are excited to announce that we have reached a significant milestone on granted FCC spectrum licenses and coverage capabilities. Currently, over 90% of our applications from the recent Public Notice have resulted in 800 MHz FCC license grants," stated Terrence DeFranco, President & CEO of IotaComm. "This tremendous success is a huge leap forward toward our goal of creating a truly nationwide, low-power wide area network, purpose built for IoT using licensed spectrum. Our licensed spectrum portfolio coupled with our recently acquired network technology pave the way toward leadership in creating the next generation of wireless network that will unleash the long-anticipated explosion in the Internet of Things."
IotaComm is not alone in building an IoT dedicated, low-power wide area network (LPWAN). Over the past several years, competing LPWANs, such as LoRaWAN and Sigfox, have been attempting to build an LPWAN using unlicensed 900 MHz spectrum. Recently, Amazon announced the launch of Sidewalk, its own LPWAN using unlicensed 900 MHz to connect its IoT devices. In the US, networks using unlicensed spectrum are subject to power limitations and interference which can limit range and reliability, especially in cities where there may be many obstacles and devices transmitting on the same unlicensed spectrum bands. According to FCC Rule Part 15 regarding use of unlicensed spectrum, "the basic premise of all Part 15 unlicensed operation is that unlicensed devices cannot cause interference to licensed operations nor are they protected from any interference received."
IotaComm's valuable licensed spectrum assets, its crown jewel, are the key differentiator from competitors enabling reliable, secure, and ubiquitous connectivity for commercial and industrial IoT applications. This is the network platform's unique selling proposition in the exploding Internet of Things market which is expected to grow to 41.6 billion devices globally by 2025 at a compound annual growth rate (CAGR) of 28.7%, according to a recent forecast from International Data Corporation.
About Iota Communications, Inc.
Iota Communications, Inc. ("IotaComm") is a wireless network carrier system and software applications platform dedicated to the Internet of Things. IotaComm sells recurring-revenue solutions that optimize energy usage, sustainability and operations for commercial and industrial facilities both directly and via third-party relationships. IotaComm also offers important ancillary products and services which facilitate the adoption of its subscription-based services, including solar energy, LED lighting, and HVAC implementation services.
This press release may contain "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated include, but are not limited to,: risks related to the acquisition and integration of the assets we acquired from Solbright Group, Inc., risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
Iota Communications, Inc.
600 Hamilton Street, 10th Floor
Allentown, PA 18101
Attn: Investor Relations
Toll Free: (855) 743-6478
SOURCE: Iota Communications, Inc.
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