RESTON, Va., Oct. 3, 2011 /PRNewswire/ -- LightSquared™, which is building a nationwide wireless broadband network that will drive consumer choice and industry innovation, has announced a strategic collaboration agreement with Sharp®, a worldwide leader in consumer electronic products and solutions.
LightSquared has selected Sharp as its first manufacturer to provide advanced smartphones and tablets which will operate on its 4G-LTE network. The goal of the agreement is to leverage Sharp's leading-edge product solutions to develop a range of innovative devices which will incorporate an extensive selection of unique device components, such as Sharp's advanced LCD panel and camera module, for LightSquared's 4G-LTE network partners including carriers, retailers and others.
This agreement underscores how LightSquared's open network and growing ecosystem can help manufacturers expand their wireless offerings and develop innovative products without restrictions.
LightSquared will showcase devices during CTIA Enterprise & Applications, October 11-13, in San Diego.
"Sharp has a rich history of producing unique products that push the extremes of design and functionality, and we're proud that they will be developing innovative devices for LightSquared's 4G-LTE network," said Sanjiv Ahuja, chief executive officer of LightSquared. "LightSquared's wholesale-only business model and open network will provide Sharp with a platform from which they can aggressively expand into the U.S. wireless market with an exciting portfolio of smartphones and tablets."
LightSquared's mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services – at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared's network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to www.LightSquared.com, www.facebook.com/LightSquared and www.twitter.com/LightSquared.
Sharp Corporation is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. As a leader in liquid crystal displays (LCDs) and digital technologies, Sharp offers one of the broadest and most advanced lines of consumer electronics, information products and electronic components, while also creating new network businesses. Sharp Corporation employs 65,100 people in the world (as of July 31, 2011) and recorded consolidated annual sales of 3,021,973 million yen for the fiscal year ended March 31, 2011.
Burson-Marsteller for LightSquared
Tel: (212) 614-5012
Sharp is a registered trademark of Sharp Corporation.
Forward Looking Statement
This release contains forward-looking statements and information regarding LightSquared and its business. Such statements are based on the current expectations and certain assumptions of LightSquared’s management and are, therefore, subject to certain risks and uncertainties. The forward-looking statements expressed herein relate only to information as of the date of this release. LightSquared has no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release, nor is there any assurance that the plans or strategies discussed in this release will not change.