Hammer Fiber's pre-5G technology leverages extensive 12 GHz spectrum holdings to bring wireless gigabit-capable broadband to 49 markets across the U.S.
POINT PLEASANT BEACH, N.J., July 26, 2017
Hammer Fiber Optic Investments Ltd., a New Jersey-based wireless and fiber network operator and wholly owned subsidiary of publicly traded Hammer Fiber Optic Holdings Corp (OTCQB: HMMR) has teamed up with Go Long Wireless, Ltd. (GLW), a company based in Sarasota Florida that holds 12 GHz Multichannel Video Distribution and Data Service (MVDDS) spectrum in 49 U.S. markets, reaching a population in excess of 29 million. The partnership will enable Hammer Fiber to expand its successful business model of delivering a bundle of high speed broadband, TV, and VoIP phone service to these additional 49 markets, including targeting underserved rural communities.
"Hammer Fiber is excited to follow through on one of our core promises of delivering high capacity broadband to markets across the country at dramatically lower cost than traditional wireline methods, including fiber," said Mark Stogdill, CEO of Hammer Fiber. "This Go Long partnership will allow us to deliver comparable and affordable robust broadband services to both underserved rural communities and urban metro markets alike."
Hammer Fiber's business model has been proven in Atlantic City, New Jersey where a pre-5G 'wireless fiber' network delivers a triple play bundle of high speed broadband, 4K UHD capable TV, and VoIP phone service. Using off the shelf DOCSIS (3.0 or 3.1) modems, the Hammer technology platform is designed to leverage the cable-ready architecture familiar to any traditional operator and is highly scalable due to its low cost and ease of installation. Services are delivered at a fraction of the cost incurred by competing fixed fiber or cable-based networks.
"With our licensed footprint covering over a third of the U.S. landmass, Hammer Fiber is the perfect partner to leverage our expansive spectrum holdings for the delivery of broadband services that both rural and urban consumers demand and deserve," said Bruce Fox, CEO of Go Long Wireless. "They have the only technology that can currently exploit our spectrum's extensive capacity to its full potential."
Go Long Wireless is a member of the MVDDS 5G Coalition Partnership, which is awaiting the outcome of a pending FCC rule that will add MVDDS spectrum to the 5G spectrum band. The addition of MVDDS spectrum can help significantly meet the voracious demand for bandwidth that 5G will need to satisfy.
Hammer Fiber's 5G Carrier Wireless Fiber Technology deployed by the company's wireless division under the trade mark "AIR" is expected to be compliant with future 5G standards, set to be published later this year and in 2018. The AIR technology is already capable of carrying LTE compatible service over 500 MHz wide broadband channels to fixed LTE subscriber modems and LTE small cells utilizing mmWave or KA/KU band spectrum.
About Hammer Fiber Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Fiber, a New Jersey-based Internet Service Provider (ISP) that offers internet, voice, video and data services in New Jersey, as well as carrier services in Philadelphia and New York. Hammer Fiber serves residential and small business markets with high capacity broadband, voice and video through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. For more information visit http://www.hammerfiber.com
About Go Long Wireless: Go Long Wireless, LTD is a Florida based wireless spectrum holding company with an extensive spectrum portfolio designed to enable ultra-broadband services to rural and urban communities across the U.S. For more information please email firstname.lastname@example.org
Forward Looking Statements This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Frank J. Pena,
Director of Investor Relations
Hammer Fiber Optic Holdings Corp.
Point Pleasant Beach, NJ, 08742
"Hammer Fiber is the perfect partner to leverage our expansive spectrum holdings for the delivery of broadband services that both rural and urban consumers demand and deserve," said Bruce Fox, CEO of Go Long Wireless."We believe that this move will benefit all our current shareholders and demonstrates our commitment to continued growth," stated Mark Stogdill, CEO of Hammer Fiber Optics Holdings Corp.