Houston, Texas, United States, October 5, 2012
Company Secures New Capital to Support Growing Communication Needs of Oil and Gas Industry Throughout North America
Infrastructure Networks, Inc, a Houston, Texas-based provider of broadband wireless networks to oil and gas and other critical infrastructure industries, has announced that it has raised a new round of funding from Altira Group LLC, a leading oil and gas investor in technology and advantaged service companies.
Founded in March of 2011, Infrastructure Networks has been rapidly expanding its holdings by acquiring licensed 700 MHz broadband spectrum. To date those holdings cover more than 150,000 square miles of the Bakken Shale in North Dakota, the Niobrara Shale in Colorado, the Eagle Ford Shale and Permian Basin in Texas, as well as the Texas panhandle, parts of Eastern New Mexico and Kern County, California. In July of this year, the company announced that it had deployed five LTE (Long-Term Evolution) wireless broadband sites, establishing a firm presence in the Permian Basin area of West Texas. These are the first LTE sites to be exclusively dedicated to the needs of Critical Infrastructure entities, such as oil and gas exploration and production companies, and their launch makes Infrastructure Networks one of only a handful of companies, including Verizon, AT&T and Metro PCS, to operate an LTE network in North America.
“This funding will allow Infrastructure Networks to continue the rapid deployment of services within our spectrum holdings, and further expand our networks already in place in high demand areas such as the Permian Basin,” stated Infrastructure Networks CEO Stan Hughey. “We are very pleased that Altira recognized the value our company is bringing to this currently underserved market,” he continued.
“Infrastructure Networks has rapidly established itself as a superior wireless broadband solution for the replacement of traditional private narrowband and satellite communications technologies for Critical Infrastructure entities within its service areas,” added Sean Ebert, a Principal at Altira Group and Infrastructure Networks Board Member.
About Altira Group
Altira Group LLC (www.altiragroup.com) is a Denver, Colorado-based oil and gas investor in technology and advantaged service companies. Over the past 15 years Altira has successfully invested in over 50 companies across the energy industry, including several companies which have been instrumental in unlocking the world’s vast emerging unconventional resources. Altira’s team has been at the forefront of the oil and gas industry – investing in oil and gas technology and advantaged service companies since 1996. It is this extensive experience and proven track record that make Altira an investment leader of choice.
About Infrastructure Networks
Founded in March of 2011, Infrastructure Networks provides next-generation wireless broadband communications, founded on 4G/LTE wireless technology, exclusively to Critical Infrastructure entities. The company also differentiates itself from other providers by offering a transparent, partnership approach to customers and stakeholders which bridges the needs of critical infrastructure and public safety into a secure, robust and dedicated broadband network. In addition, they provide opportunities to partner with rural carriers and leverage network infrastructure in support of the deployment of rural broadband services in contiguous geographic areas.
For more information on Infrastructure Networks, visit www.InfrastructureNetworks.com or contact Kori Kalich Ugalde, Executive Vice-President, at kori.ugalde@infrastructurenetworks.com
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