Wireless and fiber network operator, Hammer Fiber Optic Investments Ltd, D/B/A Hammer Communications, a wholly owned subsidiary of Hammer Fiber Optic Holdings Corp. (OTCQB:HMMR) announced today that it has completed its acquisition of spectrum licensing in the 3.5 GHz band from 3.650 GHz 3.700 GHz. The spectrum was purchased earlier this year, pending transfer with the FCC, which is now complete. The 3.5 GHz Band spectrum license applies nationwide and affords Hammer Communications the ability to make use of the Band with protection from signal interference. Spectrum in the 3.5 GHz band is recognized widely as suitable for both mobile and fixed wireless broadband. As other telecoms and mobile carriers have announced their plans to develop networks operating in the 3.5 GHz CBRS band, Hammer Communications Wireless AIR technology is already poised to take advantage of the capacity and flexibility of these assets.
This spectrum acquisition is part of Hammer Communications efforts to focus on its proprietary Wireless AIR technologys ability to support a variety of wireless applications. Recently announcing the launch of their Mobile Network Services Provider (MNSP) program, Hammer Communications will leverage this spectrum to support Smart City, Wireless DOCSIS, Mobile to Mobile, Pre-5G, and Internet of Things applications. With their wireless system already capable of working in the CBRS band, in conjunction with numerous other frequencies, Hammer Communications now has a head start in future CBRS development and has reached a major milestone in their “Everything Wireless” approach to broadband and data connectivity.
This acquisition is a great opportunity for Hammer to increase the capabilities of our wireless platform even further, maximize efficiency and showcase what the technology is capable of. Said Mark Stogdill, Founder and CEO of Hammer Communications, We are always looking for more opportunities to expand our access to spectrum bands, and expand our platform. Spectrum is a commodity that has seen an increase in value with the shift to a wireless focus and we are excited to be at the front of it.
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 Communications, aNew Jersey-based Internet Service Provider (ISP) that offers internet, voice, video and data services inNew Jersey, as well as carrier services inPhiladelphiaandNew 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 visithttp://www.hammercomm.comor contactFrank Penaatfpena@hammerfiber.com.
Forward Looking Statements
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