MIDDLETOWN, R.I., Jan. 4, 2011 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a leading 4G service provider, today announced plans to expand its pilot Wi-Fi network in Manhattan and further develop the initiative to build out additional hotzones throughout New York City and other key markets including San Francisco and Chicago in 2011.
Over the past year, Towerstream has deployed a pilot Wi-Fi network in Midtown Manhattan to explore using Wi-Fi as a supplement to mobile data offloading in areas with a high level of mobile broadband usage. Towerstream's outdoor Wi-Fi hotzones improve the experience of users of Wi-Fi enabled smartphones, tablets, and other devices who struggle with network congestion in areas with a high volume of mobile broadband subscribers. Towerstream's new hotzone initiative will have up to 200 mbps of available bandwidth per location, making it one of the fastest portable Wi-Fi networks in Manhattan.
In the first few months of its pilot program, Towerstream experienced millions of connections to its Wi-Fi hotzones, primarily from handsets. The network supported an average of 250,000 connections and over one terabyte of data transferred per day. By adding data network capacity in high traffic areas, Towerstream's outdoor Wi-Fi network in Manhattan can provide one of the fastest and most reliable ways for users to stay connected from their Wi-Fi enabled mobile devices.
"Towerstream's initial Wi-Fi pilot has received an outstanding response and supports a high quantity of data traffic," said Towerstream CEO Jeff Thompson. "The success of our pilot network of hotzones in New York City underscores the demand for high-capacity Wi-Fi networks, and we are excited to expand Towerstream Wi-Fi hotzones to additional key markets throughout the country."
The explosion of the mobile Internet and the mass user adoption of smartphones and tablet devices is a disruptive force in the market. Since an increasing number of smartphone and tablet applications run only on a Wi-Fi connection, access to a fast and reliable Wi-Fi network in major markets is imperative for smartphone users. As a result, devices and carriers will need access to reliable Wi-Fi networks to offer a more complete user experience.
About Towerstream Corporation
Towerstream is a leading 4G service provider in the U.S., delivering high-speed wireless Internet access to businesses. Founded in 2000, the Company has established networks in 11 markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Nashville and the greater Providence area where the Company is based. For more information, visit our website at or follow us on Twitter @Towerstream.
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Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
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