AOptix, a technology innovation company that leverages optics to transform wireless communications, and Anova Technologies, a company which builds dedicated low latency networks for the global trading industry, have formed a strategic partnership to deliver ultra-low latency wireless communications networks specifically for the financial industry.
Anova will be responsible for the sales and marketing, network design, and operations of these ultra-low latency networks for the financial services segment. AOptix will be the sole provider of technology and equipment to the partnership.
AOptix’ revolutionary wireless communications technology offers carrier grade availability and the greatest bandwidth of any wireless networking technology on the market. The AOptix systems enable the shortest path possible because they can be installed on any tower, building or other structures.
“Other wireless technologies currently used by the financial industry have critical limitations,” said Dean Senner, Chairman and CEO of AOptix. “Either they work only over short distances, they lack required bandwidth, have higher latency or can’t deliver the level of network availability trading firms require. AOptix technology represents the future of wireless communications. Financial services and other markets will benefit from the great advances in communication capabilities resulting from our patented adaptive optics technologies.”
“Market trades today are primarily executed by computers and measured in microseconds,” said Mike Persico, founder and CEO of Anova Technologies. “The speed and competitiveness of the industry are driving demand for faster, more direct and more reliable networks. We’re working with AOptix to build a new class of high-speed wireless networks that provide the performance and availability our clients require. We’re seeing strong demand for them, and we already have commitments from clients who want to be first to deploy these new networks.”
The first network developed under the AOptix/Anova partnership will be rolled out in the New York-New Jersey metro region and later expanded to other major financial markets around the world. The companies expect to complete deployment of the New York-New Jersey route in the first half of 2013.
Besides their application to financial markets through the partnership with Anova, AOptix communications products are well suited to other wireless networking applications in the carrier, enterprise and government sectors including mobile backhaul, remote broadcast, safety, border security and other last mile applications.