Aerwav Acquires Securicor Wireless; Aerwav to pioneer spectrum development and usage through investments in wireless companies.Business Editors NEW YORK--(BUSINESS WIRE)--January 8, 2002 Aerwav, a newly formed company established to invest in and develop wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. businesses, announced its first acquisition today, with the completion of its purchase of Securicor Wireless from UK-based Securicor plc. "Spectrum is the most valuable resource of the New Economy," said Aerwav Chairman and Chief Executive Officer Robert J. Shiver shiver involuntary shaking of the body, as with cold. It is caused by contraction or twitching of the muscles, and is a physiological method of heat production in all animals. . "Our strategy is to develop our spectrum using a wireless `real estate' model. Our goal is to help companies meet their wireless communication needs with low-cost, efficient spectrum access." Securicor Wireless is the dominant player in 220 to 222 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. spectrum, with the most local, regional and national licenses in that frequency. Terms of the transaction, which was approved by the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. , were not disclosed. Aerwav will reposition Securicor Wireless's historical business model with a new emphasis on leasing spectrum to strategic partners and providing multiple voice and data services, specific to identified customer needs. Potential applications include telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. , security alarm monitoring, automatic meter reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. , credit-card transactions and other wireless data and voice applications. Aerwav will be developing closer partnerships with other technology companies to develop these applications and services. "We live in a wired world, but the key to tomorrow is in the economic efficiency and the freedom that wireless communications provide," Mr. Shiver said. "Our goal is to provide more efficient use of spectrum to the marketplace." About Aerwav Aerwav is a new company established to invest in and develop wireless communications businesses. Founded in 2001 and headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Aerwav currently owns Securicor Wireless, America's largest owner of national, regional and local spectrum licenses in the 220 to 222 MHz spectrum band. Aerwav is focused on fostering the use and development of spectrum, the most valuable resource of the New Economy. More information about the company is available at http://www.aerwav.com |
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