Tech Stocks in Top Row= Towerstream Corporation (NASDAQ:TWER), QUALCOMM, Inc. (NASDAQ:QCOM)

Towerstream Corporation (TWER) declared recently the appointment of Mr. Ernest Ortega as Chief Executive Officer.  Mr. Ortega succeeds Mr. Philip Urso who has served as the Company’s Interim Chief Executive Officer since February 2016 and will continue to serve as Chairman of the Board of Directors.

Mr. Ortega most recently held the Chief Revenue Officer position at Colt Technology Services (www.colt.net) where he was responsible for a salesforce of more than 700 individuals.  Before that he held the Chief Revenue Officer position at Cogent Communications (CCOI) (www.cogentco.com) where he was responsible for a salesforce of more than 300 individuals.  Before that he served as Executive Vice President of Sales and Marketing at XO Communications (www.xo.com).

“Mr. Ortega’s experience and performance in increasing sales productively at Cogent Communications and most recently at Colt Technology Services is what attracted us to him as a candidate.  He brings what is needed to transform our Company,” continued Mr. Urso.  “He has been a consultant to our Board for just over a year and we have valued his insights.  He has seen first-hand what our network can do and sees a big opportunity at Towerstream.”

“I am incredibly excited to join Towerstream,” said Mr. Ortega.  “The Company has all of the key components available recently to support exponential growth.  It already has an established and reliable fixed-wireless infrastructure in twelve of our Nation’s leading urban markets.  Towerstream can deliver fiber-like multi-gig service to new customers in a matter of days, not months, and for minimal capital cost.  I believe the opportunity for Towerstream to scale its market position is boundless.”

“Mr. Ortega’s previous roles in this industry provides him with a great perspective of the advantages fixed wireless has in the market place.  I am excited about the growth to monetize the carrier class fixed wireless network in place recently,” said Arthur Giftakis, Chief Operating Officer of Towerstream.  “Mr. Ortega has a long history of demonstrated ability to grow revenues.”

Qualcomm Technologies, Inc., a partner of Qualcomm Incorporated (QCOM), recently declared an end-to-end 802.11ax portfolio, which includes the IPQ8074 system-on-chip (SoC) for network infrastructure and QCA6290 solution for client devices, making Qualcomm Technologies the first company to declare end-to-end commercial solutions to support 802.11ax. As Wi-Fi networks become more crowded, dense and diverse, Qualcomm Technologies’ 802.11ax solutions are designed to improve connected experiences, delivering up to 4x greater capacity to make Wi-Fi traffic more efficient, resulting in up to 4x faster user throughput and longer battery life for Wi-Fi devices*. Qualcomm Technologies anticipates to sample the IPQ8074 and QCA6290 in the first half of 2017.

802.11ax, the next-generation Wi-Fi standard, focuses mainly on expanding network capacity and making better use of Wi-Fi spectrum to maintain excellent connectivity in more complex environments. The growing number of connected devices, diversity of traffic, and density of overlapping networks presently overloads Wi-Fi spectrum and threatens the quality of our connected experiences. To address this, Qualcomm Technologies’ 802.11ax solutions support 12-streams (eight 5GHz and four 2.4GHz), 8×8 MU-MIMO, 80 MHz channels and other features to maximize capacity and coverage. In Addition To, the solutions feature proven cellular techniques, such as Orthogonal Frequency Division Multiple Access (OFDMA) and traffic scheduling, which is designed to provide greater efficiency, higher user throughput, and a more consistent performance. This managed approach of resource allocation, together with the optimization of wake-up time, can reduce Wi-Fi power consumption by 2/3rd* to extend device battery life without adversely impacting performance. Although the benefits will be greatest for 11ax-based devices, Qualcomm Technologies has designed its solutions to improve the performance of all devices, counting ones using the previous 802.11ac and 802.11n technologies, which are designed to realize better connections on 11ax networks.

“CAPACITY – not peak speed – has become the most important measure of a network’s ability to handle the ever-increasing demands of recently’s diverse mix of application and services,” said Rahul Patel, senior vice president & general manager, connectivity, Qualcomm Technologies, Inc. “We were the first to commercialize capacity utilization-focused solutions, such as MU-MIMO, Wi-Fi SON and 802.11ad, and are now on the front lines of 11ax innovation that will propel the Wi-Fi industry into the next phase of high-capacity, high-efficiency networks. The transformative features of our 802.11ax solutions are designed to facilitate our customers to meet these demands, ensuring ample Wi-Fi capacity for richer connected experiences.”

 

 

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