"The Rivada Mercury team is comprised of proven technology companies—each leaders in their field with unmatched technology capabilities and experience serving the public safety community with innovative and forward-leaning solutions," said Joe Euteneuer, CEO, Rivada Mercury. "Our team's approach to FirstNet offers many benefits for America's public safety community, namely we will provide public safety with a purpose-built Band 14 network and immediate turn-key access to the largest non-Band 14 coverage footprint in the U.S."
Rivada Mercury brings the expertise, financial stability and sustainable business model that will subsidize the cost of building and operating FirstNet's nationwide LTE network. That network will use state-of-the-art tools and a proven approach that leverages existing partner infrastructure to speed deployment and reduce cost.
A key differentiator for Rivada Mercury is the innovative use of Rivada's pioneering Dynamic Spectrum Arbitrage (DSA) technology that enables the dynamic selling of excess critical-grade network capacity to commercial tenants without risk of interfering with first responders' broadband access. The use of DSA gives public safety the ability to share and allocate bandwidth among enterprise tenants.
"As a pioneer in dynamic spectrum arbitrage, Rivada Mercury's innovative technology will both fund the FirstNet build out and sustained operation and maintenance by selling excess capacity to commercial users," said Euteneuer.
Rivada Mercury's proposed open-access, market-based approach has benefits that go well beyond financing the first responders' dedicated network. An open-access market enables traditional carriers to optimize their bandwidth-use financially and operationally as never before possible.
"By every measure—strength of technology, sustainability of the business model and ability to deliver on customers' needs—Rivada Mercury is the strongest possible combination for public safety, policymakers and investors alike," said Dr. Dennis Martinez, Chief Technology Officer, Harris Public Safety and Professional Communications. "By developing a purpose-built network, we're finally giving the public-safety community the network on which they've been waiting for years. We're creating new jobs and our low-risk business model enables us to reinvest in the network."
About Rivada Mercury
Rivada Mercury is a U.S. company formed and supported by a group of global communications industry leaders, including Rivada Networks, Harris Corporation (NYSE: HRS), Ericsson (NASDAQ: ERIC), Nokia (NYSE: NOK), Intel Security (NASDAQ: INTC), Fujitsu Network Communications and Black & Veatch. Rivada Mercury combines its founders' deep technology and public safety experience to offer a self-funded, dedicated public-safety network that grants unfettered access to first responders. Its unique model dynamically optimizes bandwidth to sustain a commercial broadband market without impeding public-safety priorities.
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SOURCE Rivada Mercury