Anterix Inc.

Good afternoon, ladies and gentlemen, and welcome to the Enterix Investor Conference Call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for your questions and comments following the presentation. It is now my pleasure to turn the floor over to your host, Natasha Vecchiarelli. Ma'am, the floor is yours.

Thank you, Catherine. Good afternoon, everyone, and thank you for joining us. With me today are Morgan O'Brien, our Executive Chairman, Rob Schwartz, our President and CEO, Ryan Gerbrand, our COO, and Tim Gray, our CFO. Before we begin, please note that any statements we make during this call that are not based on historical facts constitute forward-looking statements and our actual results could differ materially from those implied. Information regarding the risk factors that could cause such differences can be found in our public filings report on Form 10-K filed with the SEC on May 18, 2020, and a quarterly report on Form 10-Q for the quarter ended June 3, 2020, filed with the SEC on August 6, 2020. Form 10-K and Form 10-Q can be found on our investor relations webpage. With that, I'll now turn the call to Morgan O'Brien.

Thanks, Natasha. Welcome back and good afternoon to our investors. Today is my first opportunity to address this audience since in July, Enterix promoted Rob Schwartz to the role of CEO and named me as the executive chairman of the board. In my new role, I'll continue to pursue my highest priority of building shareholder value, but I'll do that by assisting Rob and his team to run the company. At the outset, let me say that the transition has been seamless. and I could not be happier with our progress and outlook. I want to reserve the bulk of our time this afternoon for Rob and for Ryan Gerbrandt, our Chief Operating Officer, to report on the many areas of progress that they're managing. I can't pass up the opportunity after all these years to share one last report on the FCC report and order. As expected, the FCC rulemaking process, which included the issuance of that order, came to an end on August 27th. Thank you for joining us. constructive further discussions with FCC staff corroborate our view that this outcome could not have been better for our shareholders. We believe your patience has been rewarded amply. A quick introduction from my chair to this afternoon's reports from Rob, Brian, and Tim includes these highlights. Our message of the availability of new wireless broadband spectrum has been promulgated extensively by media of all types. It would be hard to imagine a corner of our intended audience that has not become aware of what the FCC has done and what it means. Of course, awareness precedes the desired outcome of signing long-term leases, but I am impressed by what our team has been able to do in a few short months to get our message out. Our new advisory council is up and running with the strong guidance of former FCC Commissioner and former California Public Utility Commissioner, Rochelle Chong, and former Governor of Delaware, Jack Markell, and an impressive group of our employees and consultants. Just to give a flavor of what this council is achieving, we've partnered with SmartPower, a nonprofit renewable energy marketer, and with the American universities Center for Environmental Policy to pursue a federal grant from among a $1.5 billion pool of stimulus funding in the Department of Commerce. Our objective on this initiative is to work directly with utilities in Virginia to help them win stimulus funding, to pay for private LTE networks for grid management, and to leverage those facilities to assist in supporting rural broadband. As many of you know, funding of utility infrastructure has generally all been at the state level. This federal opportunity, in our view, is the harbinger of what may come as the federal government begins to take a much larger role in infrastructure funding. The second council initiative, of which I am very proud, is a resolution we're supporting at the Southern States Energy Board. That's the SSEB. This is an interstate compact composed of governors and state legislatures from 16 southern states, plus two U.S. territories and a presidential appointee. The important function of the SSEB is to formulate policy for the region relating to energy. The resolution it passed would encourage the region's utilities to deploy private, cyber-secure, wireless broadband networks to support grid modernization. And we're feasible for utilities to support consumer broadband to rural homes by making their infrastructure available. This policy guidance from as important a group as the SSEB will help Interix penetrate to the leadership of utilities throughout the Southeast as we seek to make our spectrum available and hopefully to make that availability regional. Let me finish up my remarks today by conveying my enthusiasm for where we are. Momentum throughout our target markets is palpable. Our team has been strengthened by new talents who are broadening our reach. Everything I read convinces me that regardless of the outcome of November's election, a major federal effort will be undertaken to supply huge financial resources for grid security and modernization. and Terex is working to position its unique spectrum as a key beneficiary of such funding. The giant companies that make up our target market are aware of the challenges and opportunities they face. Our job is to convince them individually and as an industry that our unique spectrum position is crucial as the foundation for broadband connectivity. Just as our patience was rewarded with a win at the FCC, So too are we determined that our patients will be rewarded by winning leases within this industry. Finally, on a personal note, I want to stress my day-to-day role in continuing to make Enterix everything it can be. With Rob as CEO and me as chairman, I think our board has selected exactly the team to lead us to amazing success. Now I'll pass the microphone to Rob.