BOISE, Idaho, Nov. 4, 2011 /PRNewswire/ -- MediaG3, Inc. (OTCPK: MDGC) a provider of wireless broadband solutions has launched a first phase of its 4G+ Broadband Network in Eau Claire, Wisconsin. This is MediaG3's second site used to test enhanced developments of their Wytec patented technologies. "Eau Claire is a joint venture with Wisconsin Wireless and CCI who already have established operations as an Internet service provider and customer base in the area. We are excited to deploy another site allowing us to test and further advance this incredible technology," remarks Val Westergard, MediaG3's chairman and CEO. MediaG3 has signed a Letter of Intent for $10 Million in funding that includes a joint venture effort in advancing the Wytec technology.
As mentioned, this is the second site for the launch of Wytec patented technologies. Earlier this year MediaG3 announced the Boise Project: "MediaG3 Pilot Projects Moving Forward With 10 GB Boise Project". The Boise system is now up and operating in selected areas. We continue to fine tune the system and will soon be offering customers Wi-Fi in various locations throughout the Boise, ID area.
MediaG3 currently has five U.S. patents directly involved in next generation mobile broadband technology that go beyond 4G in which both MediaG3 and CCI will share in its advancements and economic benefit. 4G is defined as service speeds "up to" 100 Mbps for high mobility communication and 1 Gbps for low mobility communication.
The technology to deliver broadband speeds beyond 4G has been currently addressed by macro-diversity technology, also known as group cooperative relay and beam-division multiple access. Simply said, the technology is capable of banding together multiple frequencies to form one large broadband pipe. MediaG3 will focus on the software development and network designs that effectively manage bandwidth traffic to end user devices. "This is a key component in the overall success of deploying 4G+ mobile broadband services and we are thrilled to be a part of such groundbreaking technology," says William Gray CEO of CCI.
The $10M funding facility is being arranged under a number of institutional and accredited investors arranged by Innovation Capital Management, a wholly owned subsidiary of CCI. The use of proceeds will be initially directed to the continued build-out of the Boise and Eau Claire networks.
For more information and availability of Wi-Fi and our other services please visit our website and click on the STORE button or http://www.MediaG3.com/store.
About MediaG3, Inc.
MediaG3™ Inc., (MDGC), develops and delivers wireless broadband technology products and services for today's fixed and mobile customers. MediaG3 provides wireless broadband Internet access and Internet telephone throughout the US, under the Imperial Wireless brand. MediaG3 will continue to utilize the five key US wireless patents under the Wytec name and offer wireless broadband technology, technology licensing and equipment under Wytec and Wytec "Next Generation" brands. MediaG3 is headquartered in Boise Idaho. For more information, or to register to receive updates, please visit their corporate site: http://www.mediag3.com.
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Chairman & CEO
SOURCE MediaG3, Inc.