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Anterix Inc.
8/7/2024
Welcome to the Antarex Fiscal 2025 First Quarter Investor Conference. At this time, all participants will be in a listen-only mode. Later, we will conduct a question and answer session. I would now like to turn the call over to your host, Natasha Vaccarelli. You may begin.
Thank you, Operator, and good morning, everyone. I'm Natasha Vaccarelli, Vice President of Investor Relations and Corporate Communications, and I welcome you to our first quarter fiscal year 25 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. I'm also happy to share that Tom Kuhn, Our vice chairman is also joining us today. Before turning the call over to Rob, I would like to remind you that during this conference call, we may make forward-looking statements regarding future events, such as our commercial outlook, future operations, our expected or potential performance, 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 all for joining us. And a special welcome to our distinguished guest, Tom Kuhn, who, as you know, joined us as vice chairman in January after three decades of leading the Edison Electric Institute. Since our last quarterly investor call, discussing our encore agreement was just over a month ago, We'll keep today's remarks short. I'll start with a quick overview and then turn it over to Tom, who will share his industry insights and his perspectives on Enterix and our growing role within the utility sector. Let me start with where we are as a company as we continue to enhance our position in three key areas, our utility customer base, policymaker advocacy, and shareholder value creation. Regarding our utility customer base, the 900 megahertz utility broadband movement now stands strong with seven utility customers across 15 states, the scale of which has a total footprint when combined, positions it as the fourth largest wireless carrier in the nation, covering more geography, we believe, than all other private wireless broadband enterprise networks combined. we've developed a significant pipeline of customer opportunities measured in part by our demonstrated intent scorecard that provides measurable indicators of utility intent toward deploying a 900 megahertz private wireless network. We continue to collaborate with Enterix Active Ecosystem members to pursue the discovery and development of pioneering outcomes-driven products and solutions that harness 900 megahertz networks, like our Catalyx solution offering. And just recently, we announced an agreement with the National Rural Telecommunications Cooperative along with Southern Company and Ericsson that leverages NRTC as an indirect channel to offer the benefits of our 900 megahertz spectrum to their rural cooperative utility members. This announcement underscores the growing nationwide demand from utilities for our offering, regardless of ownership model or size, and further demonstrates Antarex's role in helping to shape the nationwide network of networks landscape. On the regulatory front, we continue to engage with key policymakers, both at the federal level, including numerous co-petitioners for the FCC 900 MHz 5x5 proceeding, and at the state level, working closely with utilities before various public utility commissions. With each, we are continuing to increase awareness of the significant benefits that 900 MHz private wireless broadband can unlock for the utility sector, and we believe the messages are being well-received. And now turning to our shareholders. At the heart of our strategy and our mission to actualize it, we maintain our focus on efforts that enhance shareholder value. Our number one priority is continuing to drive our customer pipeline towards spectrum transactions. With that, we also remain focused on continuing development of our team, including our three newest board members, targeted use of our share repurchase program, and identifying opportunities within the product and solution space. Our goal is to continue to enhance our position within each of these three areas by executing on our mission, delivering secure, scalable solutions enabled by private wireless broadband connectivity for the benefit of utilities and the communities that they serve. And with that, I'll turn it over to Tom.
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