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spidercloud wireless acquisition

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spidercloud wireless acquisition

SpiderCloud will become part of the Corning Optical Communications segment, and aligns with the business’ strategy of growing annual sales from $3 billion in 2016 to $5 billion in 2020 through innovation and acquisitions. RELATED: Corning moves indoors with small cells with SpiderCloud acquisition. Small cells are deployed by mobile operators and enterprises to optimize network efficiency and improve user experience. Previously, the way the channel was arranged, an enterprise couldn’t just call up SpiderCloud, order and buy product; no matter how much money they had, they had to go through a third party and that wasn’t always a guaranteed deal. Corning Inc.GLW recently announced that it has completed the acquisition of scalable small cell systems provider SpiderCloud Wireless. 3 March 2015 “Together we will continue to focus on expanding SpiderCloud’s customer relationships and augmenting our pioneering portfolio by leveraging the combined strength of two world-class product development teams.”. “With the acquisition of SpiderCloud Wireless, we believe our combined product solutions will help drive optical convergence and enable the advantages of fiber-deep architectures within the Enterprise Local Area Network.”, “We are excited to become part of Corning, an innovative, technology-driven company that continually leads the way in the telecommunications industry,” said SpiderCloud Wireless CEO Mike Gallagher. Small cells are deployed by mobile operators and enterprises to optimize network efficiency and improve user experience. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles. Highlights of our content from across TelecomTV today, TelecomTV is produced by the team at Decisive Media, This content extract was originally sourced from an external website Use a + to require a term in results and - to © 2020 GlobeNewswire, Inc. All Rights Reserved. SpiderCloud will become part of the Corning Optical Communications segment, and aligns with the business’ strategy of growing annual sales from $3 billion in 2016 to $5 billion in 2020 through innovation and acquisitions. In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. “We learned a lot of lessons and where we’ve got LTE-U deployed right now, we are learning so much about Wi-Fi,” he added. The acquisition of SpiderCloud’s innovative solutions and the company’s position as a preferred provider to key wireless customers create unique market access opportunities for Corning. ", "We are excited to become part of Corning, an innovative, technology-driven company that continually leads the way in the telecommunications industry," said SpiderCloud Wireless CEO Mike Gallagher. Reproduction in whole or part is prohibited. The Company offers small-cell network platforms that allow carriers to deliver cellular coverage, capacity, and applications. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. exclude terms. Terms of the agreement were not disclosed. ADI’s next-gen communications technology could keep all of us connected. Forward-Looking and Cautionary StatementsThis press release contains "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning's financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. Services Benoit Fleury “Together we will continue to focus on expanding SpiderCloud’s customer relationships and augmenting our pioneering portfolio by leveraging the combined strength of two world-class product development teams.”, Forward-Looking and Cautionary Statements. Verizon, for one, has deployed SpiderCloud’s solution. Our next-gen communications technology can help people in even the most remote places stay connected. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. iBwave, VP Products & Innovation. Learn more. In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. Corning’s businesses and markets are constantly evolving. Information on acquisition, funding, cap tables, investors, and executives for SpiderCloud Wireless. “It’s transformational to how we’re perceived and to be part of the whole Corning wireless business and the Corning optical business—it’s a huge advantage for us as far as perception in the market,” King told FierceWirelessTech during Mobile World Congress Americas (MWCA). SpiderCloud will become part of the Corning Optical Communications segment, and aligns with the business' strategy of growing annual sales from $3 billion in 2016 to $5 billion in 2020 through innovation and acquisitions. Rec 12 073 Lte Small Cells Presentation Arrows shaylinau. SpiderCloud, based in Milpitas, California, develops scalable small-cell network platforms that deliver unprecedented coverage and capacity for wireless services inside buildings. Webinar: Small Cells Going to Volume David Chambers. A joint presentation from Spidercloud Wireless and IBWave on the Small Cell Forum stand at MWC15. Twitter | YouTube. You can change your ad preferences anytime. Now, Corning has the channels and it’s a massive company, reporting revenue of nearly $10 billion in 2016. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts. Case Studies SpiderCloud Wireless’s customers include three of the four major mobile operators in the United States along with two of the largest mobile operator groups globally. The Qualcomm chip used in the LTE-U gear is upgradeable with a code release from LTE-U to LAA. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. “Wireless connectivity has become more a necessity than an amenity, and mobile operators and enterprise customers are seeking cost-effective solutions to enhance service for their users inside buildings,” said Clark S. Kinlin, executive vice president, Corning Optical Communications. The acquisition of SpiderCloud`s innovative solutions and the company`s position as a preferred provider to key wireless customers create unique market access opportunities for Corning. “With the acquisition of SpiderCloud Wireless, we believe our combined product solutions will help drive optical convergence and enable the advantages of fiber-deep architectures within the Enterprise Local Area Network.”, “We are excited to become part of Corning, an innovative, technology-driven company that continually leads the way in the telecommunications industry,” said SpiderCloud Wireless CEO Mike Gallagher. Based in Milpitas, California, SpiderCloud develops small cell network platforms for coverage and capacity inside buildings. SpiderCloud, based in Milpitas, California, develops scalable small-cell network platforms that deliver unprecedented coverage and capacity for wireless services inside buildings.

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