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Wireless Spectrum Availability: A Key Component for Vertical Enterprises to Achieve Success in the Hyperconnected Era

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Mobile service providers won’t be the only ones with control over 5G Spectrum; it will turn into an easily tradable commodity

LONDON–(BUSINESS WIRE)–#5G–The envisioned 5G services in various verticals such as manufacturing, mining, and transportation, as well as the promise to provide substantially higher cellular download speeds for consumers, hold immense potential to transform society. These services are built on the three main categories of 5G services – enhanced mobile broadband speeds of at least 100 Mbps for all users, ultra-low latency and reliability, and massive machine type communications for internet-connected devices. To address these opportunities a wide range of radio spectrum frequencies from sub-1GHz to 100GHz including licensed, unlicensed, and shared spectrum must be utilized to unlock the potential of 5G, according to a new report from global tech market advisory, ABI Research.

“To achieve the full scale of benefits and a leading position in the 5G race, governments and regulators have to support and stimulate mobile network operators with a huge amount of continuous 5G spectrum. Affordable 5G spectrum will help to support economic growth, establish geopolitical superiority, and even gain advantages in terms of military and intelligence powers. Political decision-makers need to consider these long-term benefits and focus less on the short-term financial benefits during 5G spectrum allocations,” says Emanuel Kolta, Senior Analyst at ABI Research. Total mobile data traffic will grow from this year’s 306,000 Petabytes to roughly 1,500,000 Petabytes over the next four years. Providing enough spectrum is crucial to secure enough bandwidth to facilitate all that traffic growth. Ofcom in the UK and the FCC in the US are at the forefront of allocating spectrum for vertical industries. Their experience can provide several insights for other regulators.

Mercedes-Benz, Volkswagen, and Siemens have already expressed their need for a private 5G network which is proof that the demand for fast, low-latency, and reliable data delivery will skyrocket in the upcoming decade. However, the available bandwidth is limited by the availability of spectrum and the laws of physics. The telecommunications industry has two main options to keep up with the increasing demand: start to use new frequencies, such as millimeter waves, or increase efficiency in the frequency already used. 5G will become the “network of networks” and connect literally billions of new objects with different connectivity needs and data usage patterns. Thus, there may come a time when dynamic capacity trading and wireless broadband can slowly become a tradeable, valuable commodity. Right now, there is no marketplace for spectrum, and mobile service providers are buying licenses for five, ten, or twenty years and trying to use their assets in the most efficient ways. “As spectrum becomes an increasingly more valuable asset, spectrum trading will become more relevant, which will result in a more efficient outcome where the cumulative spectrum supply is higher, explains Kolta.

ABI Research expects that mobile service providers won’t be the only ones with control over this newly commoditized resource. Companies such as Rivada Networks are already starting to offer a dynamic spectrum trading platform. Regulators are expected to help vertical industries to access spectrum with respect to the mobile service providers and their investments. Those who can transparently provide access to relevant spectrum, at an affordable price will start from a better position.

“However, the long-term outcome of the 5G race is still uncertain. Beyond the obvious importance of direct, financial investments flowing into 5G infrastructure, an appropriate amount of 5G related, continuous spectrum is also critical to achieving a leading position in the 5G race,” Kolta concludes.

These findings are from ABI Research’s Making Spectrum Fit for 5G Services & Competition application analysis report. This report is part of the company’s 5G & Mobile Network Infrastructure research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis of key market trends and factors for a specific application, which could focus on an individual market or geography.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contacts

Deborah Petrara

Tel: +1.516.624.2558

pr@abiresearch.com

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business Wire

Shareholder Alert: Robbins Arroyo LLP Announces NetApp, Inc. (NTAP) Sued for Misleading Shareholders

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SAN DIEGO & SUNNYVALE, Calif.–(BUSINESS WIRE)–$NTAP #classaction–Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of NetApp, Inc. (NASDAQ: NTAP) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between May 22, 2019 and August 1, 2019. NetApp provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide.

If you suffered a loss as a result of NetApp’s misconduct, click here.

NetApp Accused of Misleading Shareholders

According to the complaint, in May 2019, NetApp announced its full year 2019 financial results, touting increases in net revenue and income and an increase of $4.09 in earnings per share. In June 2019, NetApp reaffirmed these results in its Form 10-K, despite also acknowledging risks that could affect its business, including that most of its revenues came from large, recurring purchases from clients and that any cancellations or delays in these purchases could negatively impact NetApp’s revenues. However, what NetApp failed to disclose was that it was already experiencing material negative impacts on its revenue due to the company’s inability to close large deals within the quarter. Then, on August 1, 2019, NetApp revealed the reality of its financial situation when it announced lowered than expected first quarter 2019 adjusted earnings and net revenue and lowered its first quarter 2020 net revenue from a range of $1.315 to $1.465 billion to a range of $1.22 to $1.23 billion and announced its 2020 net revenue was expected to decline between 5% to 10% year-over-year. On this news, NetApp’s share price fell $11.67, or over 20%, to close at $46.04.

NetApp, Inc. (NTAP) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

lkandinov@robbinsarroyo.com

Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov

Robbins Arroyo LLP

5040 Shoreham Place

San Diego, CA 92122

lkandinov@robbinsarroyo.com

(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsarroyo.com

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Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of SAExploration Holdings, Inc. Investors (SAEX)

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BENSALEM, Pa.–(BUSINESS WIRE)–$SAEX–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased SAExploration Holdings, Inc. (“SAExploration” or the “Company”) (NASDAQ: SAEX) securities between March 15, 2016 and August 15, 2019, inclusive (the “Class Period”). SAExploration investors have until October 17, 2019 to file a lead plaintiff motion.

Investors suffering losses on their SAExploration investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 15, 2019, SAExploration revealed that certain accounting matters that arose in 2015-2016 were under investigation by the SEC. The Company stated that they would restate its previously issued financial statements for fiscal years 2015 through 2018 and delay filing its 10-Q for the quarter ended June 30, 2019. The Company’s Chief Executive Officer was placed on administrative leave, and its Chief Financial Officer was terminated from his position.

On this news, the Company’s share price fell $1.13 per share, or over 34%, to close at $2.14 per share on August 16, 2019, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company improperly did not classify Alaska Seismic Ventures, LLC (“ASV”) as a variable interest entity; (2) that the Company had a controlling financial interest in ASV, which required the Company to consolidate ASV in its financial statements; (3) that the Company had deficient internal controls over financial reporting; (4) that these practices were likely to lead to an investigation of the Company by the SEC; (5) that SAExploration would be forced to delay the filing of its quarterly report for the quarter ended June 30, 2019; and (6) that as a result, Defendants’ statements about SAExploration’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased SAExploration securities have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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Business Wire

Thomas Rodriguez Joins Kleinfelder as Executive Vice President and East Division Director

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EXTON, Pa.–(BUSINESS WIRE)–Kleinfelder announced today that Thomas Rodriguez has joined the firm as Executive Vice President and East Division Director. Rodriguez is a results-driven leader with significant experience directing multi-disciplined operations and leading teams to drive profitable growth. Based in Kleinfelder’s Exton office, Rodriguez will oversee operations throughout Kleinfelder’s East Division.

“Tom will be a significant asset to Kleinfelder’s leadership team as we continue to position our business to best capitalize on existing and emerging market opportunities,” commented Louis Armstrong, President. “His diverse skill sets, experience, and knowledge of our markets will be invaluable as he leads our East Division operations in strategic initiatives that drive growth and create new opportunities for our staff.”

An accomplished professional with versatile experience, Rodriguez has a strong technical foundation in addition to a proven track record in operations management, enterprise risk management, business development, and health and safety stewardship. Having successfully led business operations with over 700 staff and over $150 million in sales and revenue, he has achieved tremendous success delivering growth and profitability through portfolio diversification, enterprise-level marketing and sales campaigns, and reduction of project overruns and claims through effective risk management and quality assurance measures. Maintaining a results and people driven leadership style, Rodriguez underscores the importance of cultivating and retaining staff, coaching and developing new leaders, and emphasizing a high quality, safety-first work culture.

“I have known and admired Kleinfelder’s strong work and market position for many years,” said Rodriguez. “Under the current leadership team and capital structure, we are positioned to provide broader services to our clients, greater career opportunities for our staff, and achieve strong, profitable growth in the months and years ahead. I am proud and excited to be joining this team.”

About Kleinfelder

Founded in 1961, Kleinfelder is an engineering, construction management, design and environmental professional services firm. Kleinfelder operates over 60 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California.

Contacts

Dustin Esposito

Marketing and Communications Manager

DEsposito@Kleinfelder.com

(617) 498‐4627

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