Vancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Airbeam Wireless Technologies Inc. ("Airbeam"), a leading innovator of 5G edge technologies to enable smart cities and IoT networks, is proud to welcome Peter Green as its new Chief Executive Officer.
Peter Green is an accomplished telecommunications executive and sales leader with a career spanning over three decades in the UK and Canada. Previously, Peter served as President of TELUS Business Solutions where he oversaw an organization with over 25,000 medium and large enterprise customers generating $1.4 billion in revenue annually. Peter initiated and led the negotiation of a $1 billion contract with the province of British Columbia, representing the then-largest commercial transaction in TELUS history.
"As we accelerate our product development activities, there is no better person to lead Airbeam than Peter Green," said Dr. Yan Zhang, an Airbeam Director. "Peter is a proven leader with exceptionally strong connections in the telecommunications industry worldwide. We are fortunate to have someone with his unrivaled expertise and track record leading us as we enter our next phase of development."
Airbeam is a leading developer of solutions for 5G edge compute and wireless technologies. It is currently building on its technology to make up critical components of the future of Internet of Things (IoT) networks, smart cities, connected workers, and countless other applications that will power the future of connectivity.
"I am very excited to join the Airbeam team and I am ready to lead the fulfillment of the company's industry-leading vision," said Peter Green. "Airbeam's technology is uniquely positioned to unlock enormous revenue in the burgeoning 5G smart cities space," he added. "I am thrilled to join such an exceptionally talented team of industry leaders and I intend to ensure that the multiple competitive advantages of Airbeam's technology are utilized to their full potential."
Airbeam's next-generation technology will enable massive revenue opportunities. The global 5G buildout has only begun to be realized. As noted by Market Research Future in its 2019 report, the global 5G technology market is expected to surpass USD 700 billion by 2025, growing at 70.83% Compound Annual Growth Rate (CAGR) with North America dominating the global 5G market with a CAGR of 71%. With the absence of Huawei from the US market, Airbeam is positioned well to leverage its technology to benefit significantly from this rapid growth.
Airbeam is a private company existing under the laws of British Columbia, Canada, based in Vancouver, British Columbia. Airbeam is a developer of 5G Edge technologies to enable Smart Cities and IoT networks. Airbeam owns a proprietary 60 GHz millimeter wave chipset, hardware, and software that it acquired from a leading semiconductor company. Airbeam's technology has received more than $110 million USD in R&D to date.
For further information, please contact:
Dr. Yan Zhang
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release may constitute forward‐looking information, including statements relating to future go-public plans for Airbeam. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The actual results of Airbeam or the resulting entity could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company and Airbeam operate, prevailing economic conditions, changes to the Airbeam's strategic growth plans, and other factors, many of which are beyond the control of Airbeam. Airbeam believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents Airbeam's expectations as of the date hereof, and is subject to change after such date. Airbeam disclaim any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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