Anterix Inc.

Good morning, everyone, and welcome to the Antarex Fiscal 2024 Fourth Quarter Investor Update Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero on your touchtone telephones. After today's presentation, there will be an opportunity to ask a question. You may press star and one on a telephone keypad. To withdraw your questions, you may press star and two. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Natasha Veccarelli, Vice President, Investor Relations and Corporate Communications. Please go ahead.

Thank you, Operator, and hello, everyone. I'm Natasha Veccarelli, Vice President of Investor Relations and Corporate Communications, and I welcome you to our fourth quarter fiscal year 24 investor update call. Joining us today are Rob Schwartz, President and CEO, Ryan Gerbrandt, COO, Tim Gray, CFO, and Chris Gutman-McCabe, Chief Regulatory and Communications Officer. Before turning the call over to Rob, I'd like to remind you that during this conference call, we may make forward-looking statements regarding future events. such as our commercial outlook and guidance. These statements are based on current expectations and assumptions and are subject to risks and uncertainties. Investors are cautioned not to place undue reliance on forward-looking statements. We encourage you to review the company's SEC filings, including, without limitation, the company's Form 10-K and 10-Q, which identify specific risk factors that may cause actual results or events to differ materially from those described in these forward-looking statements. These files can be accessed on our website. Additionally, we do not assume any obligation to update any forward-looking statements. With that, I'll turn the call over to Rob.

Thanks, Natasha. Good morning, everyone, and thank you for joining us. We are excited to speak with you all today on the heels of great announcement and the completion of our fiscal year. As I'm sure many of you have seen, yesterday afternoon we announced a $102.5 million spectrum agreement with Encore Electric Delivery Company. And as excited as we are to share the details of this new transaction, I'm equally excited to share what it represents for Interix's growing and foundational role in helping with the essential modernization of our nation's electric grid, and importantly, what it represents for Interix shareholders. OVCOR is joining six other utilities in 15 states deploying 900 MHz private wireless broadband networks. This not only highlights growing industry support for the benefits of this technology for utilities in the communities they serve, but it also validates our expanding role as a trusted partner to the broader energy ecosystem. The 900 MHz private LTE solution is being woven into the foundational fabric of our nation's electric grid. We set out to build more than just a spectrum company. We previously shared our vision to help solve the critical challenges of the utility sector by harnessing the power of wireless broadband. We are now executing on that vision. With our current and future utility customers, the executive leadership of our utility strategic advisory board, the innovative technology companies in our active ecosystem, and the ongoing collaborative work with the Department of Energy and their national labs, we are collectively driving a foundational evolution of our nation's grid. And this industry-wide evolution could not have come at a more important time. The electric industry is facing considerable challenges, including unprecedented growing electricity demand, cybersecurity events, extreme weather conditions, decarbonization requirements, and the need to connect and control new and intermittent sources of energy. And what the industry is now realizing more broadly than ever is that a modernized grid requires modernized communications, foundational, resilient, and secure wireless broadband communications. Just last week at the annual conference of the Edison Electric Institute, the association representing all U.S. investor-owned electric companies, it was visible from the keynote speech by NVIDIA's CEO to the panels and private sessions that there is a growing recognition that broadband communications is a foundational component to addressing critical issues. These include managing the demand growth from data centers and industrial electrification, utilizing AI to bring necessary network efficiencies, deploying cyber and physical security protections, mitigating wildfires, and harnessing edge processing power available from companies like NVIDIA for next generation metering and other smart distribution systems. Connectivity will be at the heart of these timely initiatives and the criticality of private wireless broadband networks for this industry is being understood today. Our agreement with Encore underscores that even further. This news is exciting for Texas as well. Encore now joins with our other utility partners, Accel and LCRA, bringing the power of 900 megahertz private wireless broadband to almost 80% of the counties in the state. Why is Texas important? Because Texas is seeing growth of population, enterprise, and resulting electric load growth across the state. We see an opportunity to provide all of the utilities across the state with the advanced communication tools they need to support their growing requirements. And for Enterix and their shareholders, this is a big day in our ongoing effort to grow Enterix and to help transform utility communications. And while it may take longer than you all would like, We've been told repeatedly by industry insiders that we built a position in this critical and valuable sector probably faster than almost any company in recent history. We've delivered significant milestones over just the past four years since our FCC rulemaking, building a market for our spectrum, creating an ecosystem of solutions, working with policymakers at all levels of government, maturing an entire pipeline of opportunities, forging longstanding relationships with seven million utilities in 15 states, including finalizing our first nine-figure deal and now creating opportunities for additional Enterix products and services beyond Spectrum. The role we are playing and the opportunities we see within the sector are expanding, and I am more excited than ever to continue to forge this path and the opportunities that lie ahead. And with that, I'll pass it over to Ryan in return for some concluding remarks.