TPHX Tanaris Power Holdings

Hammer Fiber Optics Holdings Corp Begins Construction of Wireless Network in Huntsville, AL - Signs First Tower Lease at Lowe Mill

Hammer Fiber Optics Holdings Corp Begins Construction of Wireless Network in Huntsville, AL - Signs First Tower Lease at Lowe Mill

NEW YORK, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced its first lease agreement to facilitate the construction of its wireless network in Huntsville, Alabama. The first radios for the new high-speed wireless service will be located on the 125-foot water tower located at the Lowe Mill ARTS & Entertainment center. The network will offer broadband services to both commercial and residential customers in Huntsville and the surrounding area under its HiWAAY brand.

1stPoint Communications, Hammer’s subsidiary, acquired the hosting assets of HiWAAY Information Services in July 2018, prior to merging with Hammer. HiWAAY was one of the first dialup Internet Service Providers to enter the northern Alabama market in the early 1990’s and transitioned the majority of their subscribers to DSL before exiting the market in 2015.

HiWAAY Internet Services will be a re-launch of Hammer’s high-speed wireless Internet services in the United States. “HiWAAY Internet is deeply rooted in the local community of Huntsville,” said Kristen Vasicek, Hammer’s COO, who led the acquisition team responsible for the asset purchase. “The strong brand recognition has resulted in exceptional market support and a continuous stream of leads. We anticipate a deep pipeline of clients as we have already started accepting pre-orders.”

“Our partnership with Lowe Mill A&E is exceptional,” said Erik Levitt, Hammer’s CEO, who was responsible for lease negotiations. “We are pleased to be supporting a cultural center of Huntsville. We could not think of a better place to start.” In addition to leasing space on the water tower and interior space for its telecommunications needs, HiWAAY will provide free Wifi service to Lowe Mill’s community and guests.

“We welcome the return of HiWAAY’s Internet Service to Huntsville,” commented Jim Hudson, the owner of Lowe Mill Properties, LLC. “It has always been a part of our community.” The Lowe Mill ARTS & Entertainment center is centrally located near downtown, and its iconic water tower will host Hammer’s initial radio deployment.

Further information about the launch of the Huntsville Network will be available on HammerLive. The broadcast will be available at 2:00 PM Eastern Time on Monday, November 2nd at /hammerlive.

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 Investor Relations at .

About Lowe Mill A&E

Lowe Mill ARTS & Entertainment is the largest privately owned arts facility in the south. With a focus on visual arts, this historic factory building has been redeveloped into more than 150 working studios for over 200 artists, makers and independent businesses, 7 art galleries, a multi-use theatre, 4 performance venues, restaurants, a foundry, a chocolate shop, and a community garden. Our open door policy allows the public to visit artists and makers during the different stages of their creative process.

Within this thriving creative community are artists and makers from across the world. The Mill serves as a space where they can create, learn, and collaborate. With studio spaces lining the hallways, visitors have the opportunity to openly explore the Mill and artist spaces where they can shop and learn about the artists and their works.

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

EN
28/10/2020

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