PHAZR, a Gigabit Wireless solutions provider, and FiberTower, the leading developer of licensed wide-area millimeter wave service solutions, announced a partnership focused on 5G millimeter wave systems development.
Pursuant to the agreement, FiberTower, PHAZR's largest investor, will participate in the initial round of funding along with iTimeFund and other investors.
"The FiberTower investment will help PHAZR accelerate the deployment of their 5G technology for a Gigabit per second mobile and fixed access system utilizing mmWave bands between 24GHz and 39GHz," said Pulin Patel, PHAZR Board member from iTimeFund.
In conjunction with its investment in PHAZR, FiberTower will also create a Technology Advisory Committee to its Board of Directors led by PHAZR CEO Farooq Khan.
"The ability to utilize FiberTower's long-standing deployment capabilities and relationships across industry sectors, combined with FiberTower's millimeter wave licenses, represents a unique and actionable opportunity to swiftly bring PHAZR's 5G solutions to the marketplace," said Khan.
"PHAZR's technology and world-leading 5G millimeter wave products precisely fit with FiberTower's strategic objectives," said FiberTower officer Joseph Sandri. "The technology development team at PHAZR is the most accomplished 5G group we have seen and we are very excited to partner with them."
When available in 2017, PHAZR's 5G millimeter wave system will be the industry's first integrated, high-power, commercial, 5G millimeter wave antennas array. At peak rates the system is expected to deliver 16 Gbps throughput per cell over a 200 MHz channel block, which will be an industry-first for these exclusively-licensed bands. Prototype equipment is expected to be available in 4Q 2016.
For more information on PHAZR see www.phazr.net. For more information on FiberTower see www.fibertower.com.