INFRAX SYSTEMS Inc., in the process of acquiring Trimax Wireless, yesterday updated a previous announcement regarding Trimax’s first phase of the network deployment which is being built for a customer in Abuja, Nigeria.
The network is based on the TMAX™ wireless broadband platform, and has been equipped with solar power for remote locations. The network will deliver high-speed Internet service and low-cost telephone service to the entire Abuja region.
Today the companies announced that Trimax is now moving forward with the second phase of the deployment, in which it will add the next tier of base stations spanning three of the four largest metropolitan areas in Nigeria, expected to reach 60 percent of the 180 million people living in the region.
The first phase included US$1.5 million in equipment and infrastructure; moving into the second phase, the company anticipates value at US$5 million.
The Abuja network marks the first deployment of Trimax’s new G.E.M.I.N.I. (Global Emerging Markets Intelligent Network Infrastructure) initiative. The company said it has positioned itself to take advantage of opportunities in developing countries, in which the company can implement its products and technology to create high performance IP networking infrastructure over large geographic areas in an efficient and cost-effective manner.
INFRAX also noted that it is currently in discussions with operators in Africa, India, the Middle East, Latin America and rural/underserved markets in the U.S. for additional contracts.
Shares of IFXY surged nearly 10% to close at $0.028 Monday afternoon.