“There’s a huge market waiting for wireless internet - customers who, up to now, have been ignored and we have a solution" says CEO Greg Waite
(PRWEB) January 11, 2016
Greg Waite, CEO of InventionShare™, announced today that 5by5 Wireless™ is making significant inroads into over a dozen countries focusing on bringing wireless internet to rural and under-serviced areas, providing a ten times return over the cost of infrastructure to regional ISPs.
Speaking from InventionShare’s Ottawa office, Mr. Waite said he is not surprised at the high level of interest in 5by5 Wireless and its huge area wireless solution. The company has been concentrating on the 1.5 billion customers in the currently under-serviced wireless internet market - North America and world-wide - and those without reliable wireless internet.
InventionShare recently completed analysis of over a dozen countries and developed business cases for a number of ISP installations using 5by5 Wireless technology. Each country or region business case shows that an existing ISP can generate significant new revenues, and has the opportunity for a 10 times return over the cost of infrastructure over 3-5 years. This can be accomplished using a 5by5 Wireless subscription model with as little as 1,500 new customers and one 5by5 Wireless base station installation.
“I would have to say that our country partners are amazed at the financial returns that can be made using our wireless solution with only 1,500 new customers. The secret is that we can cover a rural area of 3,200 square km or 1,250 square miles with one installation on a single tower - the ROI is quite something. Low density populations can now get reasonably priced 'metro-like' internet, VOIP and HD/SD entertainment,” said Mr. Waite.
5by5 Wireless provides five times greater wireless internet coverage and economical wireless internet connectivity. 5by5 Wireless uses the UHF 90-1000 MHz frequency spectrum. Developed by a team of experienced technology entrepreneurs with many years’ experience in wireless communications, the full duplex wireless communications system is a 100% hardware solution. It affords greater data throughput and wireless coverage up to 25 miles (32 km) - for a total circular coverage area of 1,250 square miles or 3,200 square kilometers from one low cost base station.
The 5by5 Wireless circuit also can provide full duplex over all spectrum to all wireless communications devices; it is platform agnostic, providing safe, secure and immediate communications support wherever and whenever it is required. The company has a demo site, supported by the Canadian government, in Vancouver and has 18 operating commercial implementations.
Mr. Waite said that 5by5 Wireless can be considered as a ground breaking solution for ISPs and companies providing internet and cable solutions who are looking to expand their reach into rural areas, or for emerging countries looking to cover larger areas with a low cost internet startup solution.
“There’s a huge market waiting for wireless internet - customers who, up to now, have been ignored. Once we developed the business case and the subscription model for a small market application of 1,500 customers, we could show ISPs how they could get a 10 times return on their infrastructure cost in as little as three to five years just doing what they have always done, securing new customers who really want internet,” said Mr. Waite
Mr. Waite stated that InventionShare is now in licensing and partnership discussions and integrating subscription models and 5by5 Wireless installations with partners who are seriously looking at new applications for large area wireless connectivity, IoT applications, smart city and traditional consumer markets.
About InventionShare™
InventionShare provides inventors with funding, talent, expert processes to accelerate innovation, patent creation and monetization. Respecting that each of our inventors is the architect and the mastermind behind the invention, we work with our inventors in a professional manner as partners helping them take their inventions to market.
About 5by5 Wireless™
5by5 Wireless is a patent pending family of inventions that provides a unique solution in delivering internet services to the entire world. Technically it provides full duplex over wireless and high signal strength with very low noise. It is a low cost hardware solution that delivers on the promise of extended range wireless on UHF and on all spectrums and it delivers full duplex to rural, remote, metro, office, smart city, industrial and home applications.
For more information or to get more information on partnering with InventionShare and 5by5 Wireless contact Kensel Tracy, VP Invention Catalyst at InventionShare at ktracy(at)inventionshare(dot)com or 613-225-7236 Ext 116