Federated Wireless Announces Upcoming Pilot Program for the Commercialization of 3.5GHz Spectrum

Federated Wireless, Inc., a subsidiary of Boston-based Allied Minds (LSE: ALM), today announced plans for a pilot program with several U.S. government agencies that aims to standardize and certify the dynamic sharing of 3.5GHz spectrum.

The program will begin in July and will be the first of several to take place at multiple locations throughout the United States. The goal of the program is to accelerate the standardization and certification of dynamic three-tier spectrum sharing, ultimately resulting in commercialization of the band. The program will expand over the summer to include commercial operators and several third-party application providers.

Spectrum sharing aims to create a balance between the low cost and versatility of unlicensed spectrum and the quality and predictability of licensed spectrum. Unlocking the 3.5GHz spectrum, nicknamed the “innovation band” by Federal Communications Commission Chairman Tom Wheeler, is expected to provide opportunities for innovating the way spectrum is licensed and accessed by a variety of users — and meet accelerating demand for broadband usage.

The recently issued FCC Report and Order for the 3.5GHz spectrum put into place a three-tiered sharing system that the agency expects to be enabled by a Spectrum Access System. Federated Wireless, which was an early advocate of a three-tiered system, is launching its own Dynamic Spectrum Access System that is designed to leverage a dedicated network of sensors, manage interference, optimize usage of spectrum resources, and provide an essential level of security for incumbent users of spectrum.

“This pilot program is designed to provide the shortest path to standardization and certification,” said Chief Executive Officer Iyad Tarazi. “We see significant momentum and common interest among all stakeholders to define, demonstrate, and implement spectrum sharing technology and we are committed to providing the technical leadership and support required.”

More information about Federated Wireless can be found at www.federatedwireless.com.

About Federated WirelessFormed in 2012, Federated Wireless, Inc. is developing scalable wireless infrastructure solutions to extend the access of carrier networks. The company’s Dynamic Spectrum Access Service (SAS) platform focuses on the distribution of licensed shared spectrum. Our unique approach incorporates a neural network of radio sensors that provides for interference-free access to low-cost, high-quality licensed spectrum, and breaks down traditional barriers of high-cost, exclusive spectrum. Our differentiated business model creates opportunities for more efficient and innovative approaches to spectrum.

Headquartered in Arlington, VA, Federated Wireless also has offices in Boston, MA and Sunnyvale, CA. More information about Federated Wireless can be found at www.federatedwireless.com.

About Allied MindsAllied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com

Allied Minds Forward-Looking StatementThis press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Prospectus Rules, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:Federated WirelessKen Stewart, 703-650-0585VP of Sales & Business [e-mail] Contact:ArcPoint Strategic Comms.Christine Dunn, 617-484-1660, [e-mail]