Bookmark and Share

$HMMR Subsidiary Changes DBA Name and Launches New Branding

May 9, 2018

  • New DBA, Hammer Communications, will offer high-capacity wireless broadband and fiber optic technologies to residential and SME customers
  • Cloud-based IaaS service will support cryptocurrencies and blockchain technologies
  • Worldwide fiber optics market forecast to grow from $3.2 billion in 2017 to $5 billion in 2022

On April 17, 2018, telecommunications company Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) announced that its wholly owned subsidiary, Hammer Fiber Optic Investments Ltd., was changing its DBA name from Hammer Fiber to Hammer Communications (http://nnw.fm/vZeq0). The change is accompanied by new branding, restructuring of the company’s internal organization and a new website, www.HammerComm.com.

In the restructure of Hammer Fiber Optic Investments, Hammer Fiber will remain as a business unit of Hammer Communications. It will offer and manage carrier and wholesale services across Hammer Communications’ network covering New York, New Jersey and Pennsylvania, as well as providing services to businesses within these states. The global fiber optics market is projected to grow at a CAGR of 9.4 percent, from $3.2 billion in 2017 to $5 billion in 2022 (http://nnw.fm/Uo92j).

Hammer Communications will take over control of the company’s residential and SME offerings delivered by both terrestrial fiber optics and its proprietary fixed wireless technology. The company will also manage its VOIP services. Another business unit being developed to operate under the Hammer Communications umbrella is Hammer Sphere. This division will have responsibility for the company’s rapidly growing hosting and cloud services platform.

In a news release, Mark Stogdill, CEO of Hammer Communications, stated, “We are excited about this evolution for Hammer. Hammer is quick to respond to the market’s needs and ensure the best quality of service for our customers. This move will help us to better communicate the services we offer and commit our resources where they can best serve the customer experience as we continue to grow and expand our service offerings.”

Hammer Communications is an internet service provider (ISP) offering internet, video, voice and data services in New Jersey, and carrier services in New York and Philadelphia. It provides high capacity broadband, voice and video services to the residential and small business markets through direct fiber, as well as its wireless fiber platform, Hammer Wireless® AIR technology.

The company deployed its proprietary wireless technology to design and build an advanced LTE fixed wireless system, which has recently completed its initial development phase. This innovation will enable Hammer Communications to add ultra-high capacity cellular broadband applications to its product portfolio, and position the company as a leader in future 5G telecommunications technology.

Hammer Communications also intends to leverage its Fixed LTE system, along with its currently deployed Fixed Wireless DOCSIS 3.1 system, to deliver high-capacity broadband to markets nationwide at substantially lower cost than traditional wireline methods, including fiber. The company expects live field-testing of this system to begin in early 2018, with service availability anticipated in 2019.

The newly formed Hammer Sphere business unit will have responsibility for Hammer Communications’ expanded IaaS cloud services that support blockchain technology and the cryptocurrency industry. This platform will allow clients to host their products via the company’s cutting-edge server infrastructure, fiber network and data center. This service will also enable companies to eliminate the huge costs associated with establishing and maintaining a corporate data center, while reaping the benefits of cloud-based services.

For more information, visit the company’s website at www.HammerCorp.info

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Wednesday, May 9th, 2018 Uncategorized
TraderPower Featured Companies
Top Small Cap Market News
 

Recent Comments

    Archives