Spectrum Bridge surpasses $8 million in spectrum transactions, forecasts robust growth

WIRELESS CARRIERS, UTILITIES, RAILWAYS AND OTHERS HAVE MADE SPECEX.COM
THE NUMBER ONE SOURCE FOR SECONDARY MARKET SPECTRUM

LAKE MARY, Fla. - August 10, 2009 - Spectrum Bridge Inc. announced today several significant second quarter milestones, including over $8 million in secondary spectrum market transactions and related services on SpecEx.com, the online marketplace for spectrum^TM.  SpecEx.com has amassed a growing spectrum inventory that includes approximately three billion MHz pops (points of presence) or nearly five percent of the total available market in spectrum coverage.  This represents over 2,200 call signs and scores of spectrum holders, making it the single largest, non-carrier, aggregator of spectrum nationwide.  The inventory spans all types of spectrum bands from 40 MHz to 40 GHz.

SpecEx.com's recent launch of additional member services and resources, including the SpecEx Spectrum Index®, spectrum valuations, as well as partnering and networking services through its growing ecosystem of equipment manufacturers, system integrators, regulatory lawyers and others, have also made it the largest online community of spectrum professionals.

"The wireless industry has embraced SpecEx.com - not just for its ability to match buyers and sellers of spectrum but for providing much needed tools, services and resources to maximize these valuable assets," said Richard Licursi, CEO of Spectrum Bridge.  "From the outset, our vision has been to lead the way in secondary spectrum, so it is particularly rewarding to have achieved this vision so early and in so many ways.  Our technology and proprietary solutions have enabled this emerging market beyond our expectations."

The spectrum transactions consist of a variety of spectrum licenses including those used by cellular and PCS carriers, utilities, railroads, two-way radio providers and commercial enterprises.  SpecEx.com's visibility and access have played key roles in these transactions.  Spectrum sellers value the ability to get their spectrum noticed right away and spectrum buyers have found the online platform to be a critical time and cost-saving tool in the acquisition process.

"Spectrum Bridge simplified the process of finding the right spectrum to expand my clients' and RTG members' wireless networks," said SpecEx.com member, Jerry Wilke, president of the Rural Telecommunications Group.  "I was able to quickly search through hundreds of millions of dollars worth of available spectrum and find exactly what my clients needed.  People have been talking about the need for an online spectrum marketplace for years and Spectrum Bridge has delivered a powerful solution that works."

The recent transactions represent the tip of the iceberg for Spectrum Bridge.  "We are actively working with hundreds of entities looking to acquire, sell or lease their spectrum, with more coming in daily through SpecEx.com," Licursi said.  "We are seeing particular demand right now from the utilities, energy and railways industries, which are looking for spectrum to upgrade their critical infrastructures with smart grid and positive train control applications."

"SpecEx is the go-to place for spectrum," said Bob Metcalf, senior director of technology management at MidAmerican Energy. "In addition to their online tools, they have a knowledgeable team of professionals who deliver a high degree of service and expertise.  This is precisely the kind of solution busy utility operations like ours need to help advance important initiatives for efficient service delivery."

In addition to helping members find reliable spectrum to support new technology for improving their critical infrastructures, Spectrum Bridge also provides creative solutions to spectrum challenges, such as the shortage of Part 90 spectrum, which is typically used for mission-critical operations. Spectrum Bridge is currently driving the reuse of some market-based frequencies (specifically Part 22 and Part 24) in the highly desirable UHF/VHF/800/900 bands that the FCC auctioned in recent years.  This market-based spectrum is abundant and can meet the needs of critical operations.