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Press

Hammer Fiber Optics Holdings Corp Begins Network Deployment in Sierra Leone and Dominica

02/12/2019

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) has begun construction of its networks in Sierra Leone and Dominica. The first phase of both networks, which includes the deployment of wholesale voice and SMS services in each market, is progressing on schedule. POP selections have been made and network equipment has either been delivered in country or is en route into the market. Hammer announced that the first services in these markets would be available in its third fiscal quarter, ending April 2019. 


“Hammer has now entered its next phase of development,” said Erik Levitt, Hammer’s CEO. “The acquisitions made last quarter have been fully integrated, and we now look forward to building into the new markets we have established.” Hammer announced its partnership with Wikibuli to deploy its wholesale network and retail wireless facilities in Dominica in December of 2018. The announcement of its first deployment in West Africa in Sierra Leone followed in January. “We will grow organically in our new markets as well as through acquisition.”

“Our accomplishments last quarter have laid the foundation for Hammer’s future,” said Michael Cothill, Hammer’s Chairman and a veteran of the African wireless marketplace. “We look forward to expanding our operations in West Africa, the Eastern Caribbean and in the United States.” Hammer is deploying its “Everything Wireless” strategy across multiple markets both as an operator and using strategic partnerships under its Mobile Network Service Provider Program.

“We are proving that Everything Wireless can be deployed effectively in any market, anywhere in the world,” said Kristen Vasicek, Hammer’s COO, who oversees Hammer’s global marketing strategy. “We plan to set the standard for connectivity for the global citizen.” Hammer’s Air Technology provides a high speed, triple play service for residential and business customers, while also providing a high-speed backhaul for LTE networks, WiFi and other mobility services as well as Smart City networks. Hammer’s OTT technology includes a robust SMS platform and high speed voice switching platform that addresses the needs of both the mobile network, enterprise clients and other carriers.

“Technology is only one piece in solving the world’s connectivity puzzle. Hammer’s combination of global reach, local experience and advanced technology makes us unique in the marketplace,” added Levitt. “I have the utmost confidence in our team. The trust and respect that we have built over the last decade provides the ideal environment for us to accomplish our objectives.”

 

About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact Frank Pena at fpena@hammerfiber.com.

 

Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995

 

  

Hammer Fiber Optics Holdings Corp to Acquire American Network, Inc.

01/29/2019

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced today that it will acquire the equity of American Network, Inc. a New York CLEC. American Network obtained its NYS CLEC license in 1997 and has a number of interconnection agreements, wholesale agreements and numbering assets that will aid Hammer in its growth plans in the north eastern United States. “American Network’s assets are complimentary to Hammer’s existing assets in New York and New Jersey,” said Erik Levitt, Hammer’s CEO. Hammer’s “Everything Wireless” strategy includes four key components: high speed fixed wireless, based on Hammer’s proprietary AIR™ technology, OTT, mobility and smart city. Hammer’s wholesale voice, wholesale SMS and hosting practice forms the foundation of the Everything Wireless platform. “In acquiring American Network we are continuing to solidify our platform,” said Kristen Vasicek, Hammer’s COO.

 

Hammer subsidiaries possess CLEC licenses in several states including New York, New Jersey and Florida as well as a nationwide CMRS license and have access to a number of other states via its joint venture agreements with partner CLECs. “We plan to continue to expand our footprint in the north east, south east, south and north western United States throughout fiscal 2019 and fiscal 2020, focusing on markets where we can deploy our wireless technology both as an operator and in partnership with other operators through our MNSP program,” added Levitt.

 

Hammer is acquiring all of the equity of American Network in exchange for common stock and payables associated with the expenses of the transaction. The acquisition is non-dilutive to common shareholders. The transaction is expected to close in February pending necessary approvals.

 

About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact Frank Pena at fpena@hammerfiber.com.

 

Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995

 

  

Hammer Wireless expands its International Growth Strategy and Secures its first Nationwide African Broadband License

01/23/2019

large hammer logo

Hammer Wireless expands its International Growth Strategy and Secures its first Nationwide African Broadband License

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced today that it has formed its first African subsidiary, Hammer Wireless [SL] Ltd. to deliver its proprietary wireless broadband services to the African continent. Hammer Wireless was recently awarded a nationwide 28GHz license by the telecommunications regulator NATCOM. Hammer Wireless will deploy Sierra Leone’s first true high speed fixed wireless network. The first phase of the project will be co-financed by Hammer and Telecom Financial Services [SA] in Switzerland in exchange for equity in the subsidiary.

 

Construction of the new network is set to begin in March 2019 and will initially target Freetown, the nation’s most populous city, which has in excess of one million possible subscribers. As part of its Everything Wireless strategy, Hammer will expand the network in several phases, providing access to fixed wireless internet, video and voice applications all on one integrated high-speed network. 

 

“The government of Sierra Leone’s ICT mandate is to significantly improve education and economic development through broadband penetration, which was measured at 3% nationwide by the ITU in 2018,” said Michael Cothill, Hammer’s Executive Chairman. “In deploying our AIR technology the government can meet its objectives.”  Mr. Cothill has extensive experience in broadband deployment across the continent of Africa. 

 

“The deployment in Sierra Leone marks our entry into our second, and largest, major geographical market,” said Kristen Vasicek, Hammer’s COO. “Our flexible model, which can include direct operator agreements as well as partnerships through our MNSP program, can be replicated throughout Africa, the Eastern Caribbean, in the United States and other parts of the world.”

 

“The breadth and scope of our team, which includes a combination of local expertise and global reach, is displayed prominently with this announcement,” said Erik Levitt, Hammer’s CEO, who also has experience deploying networks in Africa. “We want to improve the everyday lives of people worldwide. The global citizen deserves high speed access to the world’s greatest information resource.”

 

About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact Frank Pena at fpena@hammerfiber.com.

Sierra Leone

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