|[April 08, 2014]
Rivada Networks Awarded Patent for Telecom Commodity Exchange
NEW YORK & GALWAY, Ireland --(Business Wire)--
Rivada Networks announced today that the U.S. Patent Office has allowed
its patent covering the creation of an electronic commodity exchange for
trading wireless bandwidth.
The patented technology will allow wireless network operators and other
qualified bidders to buy and sell wireless broadband capacity in real
time, in units of time and space small enough to meet the needs of
network operators and customers alike.
"Wireless spectrum is a scarce, valuable resource that can't be stored,
and we're not making any more of it," said Rivada CEO Declan Ganley. "As
demand for wireless broadband continues its explosive growth, now more
than ever we need a system for matching that demand with available
Rivada's patented Telecom Commodity Exchange is a system for buying and
selling available wireless capacity, and then communicating the result
of those transactions out to the edge of the network. There, at the
level of a single wireless cell site, the wireless capacity is then
handed off to the buyer from the seller.
The whole process works in concert with Rivada's previously patented
Dynamic Spectrum (News - Alert) Arbitrage - Tiered Priority Access technology. DSATPA
makes possible the re-assignment of wireless-network resources at a very
local level, and for short periods of time if desired, making possible a
previously unthinkable level of flexibility to the allocation of
"Others have dreamed of commoditizing wireless bandwidth in the past,"
Ganley said. "But now Rivada's world-class engineers have developed the
technology to actually do it for the first time. This will change how
wireless bandwidth changes hands forever."
Rivada Networks' Chief Technical Officer Clint Smith explained how
DSATPA and the telecom commodity exchange fit together: "You need DSA to
segment the capacity into units that can be bought and sold in real
time, while the exchange provides the venue for that buying and selling
to take place. You need both, and you need them to talk to each other,
to create a genuine market in wireless bandwidth."
About Rivada Networks:
Rivada Networks is a leading designer, integrator and operator of
wireless, interoperable public safety communications networks. We
provide advanced communications solutions to the public safety community
at local, state and federal levels.
Rivada's core technology, Dynamic Spectrum Arbitrage Tiered Priority
Access (DSATPA), works out to the very edge of the network, allowing
public safety absolute priority access with instant (millisecond)
pre-emption in the event of an emergency situation - thus guaranteeing
first responders access to the highest quality bandwidth capacity at the
moment they need it most. Meanwhile, in the extended periods of time
when the public safety broadband network has significant extra bandwidth
to spare, DSATPA allows that capacity to be dynamically auctioned in a
fully competitive "on demand" process to competing commercial entities -
providing more choice and availability to industry and consumers while
generating essential revenue for the public safety mission.
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