SOMA Networks Selected by AlwaysOn as AO100 Private Company Award Winner for its Industry-Leading WiMAX Technology
SOMA Recognized for Leadership in Emerging Technology Field
SAN FRANCISCO - July 12, 2006 – SOMA Networks, Inc., a leading provider of mobile WiMAX technology, today announced that it has been chosen by AlwaysOn as one of the Top 100 Private Company award winners. SOMA was handpicked by the AlwaysOn editorial panel based on a set of five criteria: technology innovation, market potential, customer adoption, media buzz and investor value creation. This award distinguishes SOMA Networks for its innovative all-IP, fully converged, end-to-end broadband wireless solution, which cost-effectively delivers high-speed Internet access and revenue-quality voice services to the residential and small office market, and recognizes the company’s success with communications service providers seeking last-mile access.
SOMA Networks and the AO100 will be honored as part of the AO2006: Stanford Summit, July 25-27, at the Frances C. Arrillaga Alumni Center on the Stanford University campus in Palo Alto, California. It will bring together successful entrepreneurs, business and political thought leaders, and top venture capitalists to spot trends and spark new ideas and initiatives.
The AO100 was selected from over 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts. The AO100 consists of private companies at all stages of development, from early to late stage.
SOMA Networks works with its service provider customers to deliver broadband services and applications to the world’s next billion people. The patent pending all-IP, non-line-of-sight wireless system enables service providers to reach local markets rapidly and cost-effectively, provide value-added broadband to multiple market segments over a single system, and deliver rapid return on investment. The SOMA solution features industry leading multimedia applications, such as revenue-quality VoIP, broadband data and video over mobile WiMAX technology, subscriber self-installation and provisioning, industry-leading macro cellular coverage, multi-megabit data throughput rates, true multi-layer quality of service, and a sophisticated network management system. To date, SOMA Networks has received more than $175 million in funding and has been deployed by carriers worldwide.
“The AO100 companies are driving the next wave of innovative technologies that are disrupting the old guard and shaping the new media landscape,” said Tony Perkins, founder of AlwaysOn. “As ever, we were inundated with nominations from leading companies, and it’s heartening to know that tomorrow’s thought leaders and technology visionaries are already out there. My congratulations to each AO100 winner - these are the companies which we predict will have the greatest market traction, strongest innovation and most game-changing approaches this year.”
"SOMA Networks is focused on leveraging its innovative broadband wireless and WiMAX technology, and industry expertise to expand the reach of communications service providers across the globe,” said Yatish Pathak, CEO, SOMA Networks. “We are honored to have been selected by AlwaysOn and our peers once again, in recognition of developing and delivering industry-leading WiMAX systems that positively impact our customers, their subscriber base and the wireless broadband market as a whole. This award highlights the ability of SOMA Networks to evolve an industry and capture significant market-share through the use of innovative technology and the delivery of a profitable business case for our customers.”
A full list of all the AO100 companies can be found on the AlwaysOn website at: http://stanfordsummit.goingon.com/permalink/post/866.
About SOMA Networks
SOMA Networks, a broadband wireless access market leader, enables communications providers to realize the fastest time to market, the highest average revenue per subscriber and shortest path to return on investment with the SoftAir™ Wireless System; the industry’s only converged all-IP Multimedia Applications Platform, including base stations and non-line-of-sight subscriber gateways. By combining WiMAX (802.16e-2005) standards with advanced antenna technologies, distributed computing, Internet protocols, and revenue-quality VoIP, the SoftAir Wireless System provides unmatched quality of service, subscriber density, and cell coverage to deliver wireline performance over a broadband wireless infrastructure. Service providers worldwide have deployed SOMA Networks award winning base stations and subscriber gateways because of the superior business case, deployability, support for 700 MHz - 3.5 GHz spectrum bands, multi-megabit data rates, superior voice quality, non-line-of-sight access, and subscriber self-installation and service activation. A principal member of the WiMAX Forum™, SOMA Networks is headquartered in San Francisco, CA, with offices in Dallas, Ottawa, Toronto, and Singapore. For more information, please visit: http://www.somanetworks.com.
About AlwaysOn
ALWAYSON is transforming the communication business with its online blogging network; establishing it as a leader in the open media revolution. Borrowing on the underground blogging and social networking traditions, ALWAYSON (www.alwayson-network.com) was launched in 2003. Today, ALWAYSON’S annual Summit @ Stanford and OnHollywood events, print “blogozine” and online services encourage direct collaboration between the global thought leaders and technology insiders whose ideas and innovations are shaping the always-on world.
ALWAYSON, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.
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