PHAZR and FiberTower have announced a partnership focused on the development of 5G millimeter wave systems. Pursuant to the agreement, FiberTower, PHAZR's largest investor, will participate in the initial round of funding along with iTimeFund and other investors. The 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 24 GHz and 39 GHz.
In conjunction with their investment in PHAZR, FiberTower will also create a Technology Advisory Committee to their 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 their millimeter wave licenses, represents a unique and actionable opportunity to swiftly bring PHAZR's 5G solutions to the marketplace.
When available in 2017, this 5G millimeter wave system will be the first integrated, high-power, commercial, 5G millimeter wave antenna 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.
