|By Business Wire||
|August 11, 2014 11:12 AM EDT||
Boingo Wireless (NASDAQ: WIFI), the leading DAS and Wi-Fi provider that serves consumers, carriers and advertisers worldwide, today announced a supplemental agreement with the Port Authority of New York and New Jersey (Port Authority) allowing New York Telecom Partners, LLC (NYTP), a Boingo Wireless subsidiary, to design, install and operate neutral host cellular Distributed Antenna System (DAS) and Wi-Fi networks in select areas of the World Trade Center in Manhattan.
Per the terms of the multi-year agreement, Boingo will design and manage state-of-the-art, multi-carrier cellular DAS networks within the new World Trade Center (WTC) Port Authority Transportation Hub, the Vehicle Security Center, retail spaces and other core facilities throughout the buildings.
The cellular DAS system will provide comprehensive coverage to more than 1.6 million square feet of the World Trade Center. Boingo will also install high density Wi-Fi networks, providing complimentary Wi-Fi access to visitors throughout the public areas of the Transportation Hub, retail spaces and other core locations. Wireless services are scheduled to launch timed to the opening of the World Trade Center Transportation Hub in 2015.
“The new World Trade Center will be a vital business, commuter and tourist center in Lower Manhattan, visited by hundreds of thousands of tech-savvy people each day who are looking to stay connected,” said Nick Hulse, president of Boingo Wireless. “We’re proud to continue our relationship with the Port Authority, and to enable World Trade Center visitors’ digital lifestyles through our advanced, high-capacity cellular and Wi-Fi networks.”
The Transportation Hub is projected to be the third largest in New York City, serving more than an estimated 100 million passengers and visitors annually. The Transportation Hub will provide pedestrian access to the WTC, the World Financial Center, PATH and the New York Subway system, and will feature major retail spaces. The Vehicle Security Center will be a key transportation center, welcoming all building tenants, administration and visitor vehicles. Boingo currently provides DAS and Wi-Fi services at PANYNJ’s John F. Kennedy (JFK), LaGuardia (LGA), and Newark (EWR) airports, as well as DAS services in the Lincoln and Holland Tunnels.
About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI) helps the world stay connected. Our vast footprint of small cell networks cover more than a million DAS and Wi-Fi locations and reaches more than 1 billion consumers annually – in places as varied as airports, stadiums, universities, and military bases. For more information about the Boingo story, visit www.boingo.com.
Boingo, Boingo Wireless, the Boingo Wireless Logo and Don’t Just Go. Boingo are registered trademarks of Boingo Wireless, Inc. All other trademarks are the properties of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” that involves risks, uncertainties and assumptions. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks” “believes,” “estimates,” “expects” and similar references to future periods. These forward-looking statements include the quotations from management in this press release, as well as any statements regarding Boingo’s strategic plans and future guidance. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and other future conditions. Since forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, as well as other risk and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission (“SEC”), including Boingo’s Form 10-K for the year ended December 31, 2013 filed with the SEC on March 17, 2014, and Form 10-Q for the quarter ended March 31, 2014 filed with the SEC on May 12, 2014. Any forward-looking statement made by Boingo in this press release speaks only as of the date on which it is made. Factors or events that could cause the company’s actual results to differ may emerge from time to time, and it is not possible for Boingo to predict all of them. Boingo undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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