New York, NY – October 3, 2024 – Sound Broadband, a subsidiary of LICT Corporation (OTCMKTS: LICT), proudly announces an agreement with Ericsson, facilitated through Xtreme Enterprises, to transform broadband access in rural America. This initiative targets Enhanced Alternative Connect America Cost Model (Enhanced ACAM) funded areas and future Broadband Equity, Access, and Deployment (BEAD) opportunities, bringing ultra high-speed 5G NR Fixed Wireless Access solutions (FWA) to underserved communities across multiple states.

Following extensive testing across Northern California, Southern Oregon, New Mexico, and Kansas, Ericsson’s advanced 5G solution emerged as the ideal choice to meet current and future needs in E-ACAM and BEAD markets. Unlike other non-traditional vendors, Ericsson’s 3rd Generation Partnership Project (3GPP) standardized 5G NR technology represents a future-proof investment capable of evolving alongside technological demands. With its Open RAN capable radios, Ericsson’s solution allows for greater forward-looking flexibility and interoperability, enabling Sound Broadband to build a more dynamic and cost-efficient network tailored to the unique needs of rural deployments. This selection reflects Sound Broadband’s unwavering commitment to leveraging cutting-edge, scalable, and adaptable technologies to connect rural and underserved areas.

The BEAD and Enhanced ACAM programs are pivotal in addressing one of the most pressing challenges in modern America: the digital divide. By funding infrastructure in rural and underserved regions, these initiatives are not just enhancing connectivity—they are unlocking economic, educational, and healthcare opportunities for millions of Americans. Sound Broadband, together with Ericsson and Xtreme Enterprises, is set to be a catalyst for this transformation, ensuring that reliable, high-speed internet becomes a reality for all.

“This collaboration marks a significant leap forward in our mission to bring next-generation connectivity to communities that need it most,” said Dylan Larmore, President of Sound Broadband. “With Ericsson’s technology, we can not only meet but exceed the broadband requirements of E-ACAM and BEAD, ensuring that rural Americans enjoy the same quality of service as those in urban centers. This is more than just an infrastructure project; it’s a commitment to equal access and opportunity for all.”

“Ericsson has long envisioned delivering ultra high-speed broadband to all market segments in America,” said Eric Boudriau, Vice President and Head of Customer Unit Regional Customers & HCP, Ericsson North America. “Through this strategic collaboration with our trusted partners, Sound Broadband and Xtreme Enterprises, we can now achieve that goal. Their deep market expertise and agile approach enable us to scale our carrier-grade wireless solutions to providers serving both unserved and underserved broadband markets.”

“Ericsson’s 5G NR solutions are a game-changer for the future of rural connectivity,” added Wayne Baxter, Acting President of Western New Mexico Telephone. “The future of mobility and seamless user experience enabled by Ericsson’s technology will redefine what’s possible in rural broadband, paving the way for new possibilities in education, business, and daily life.”

“We are thrilled to support this ambitious project. The E-ACAM and BEAD programs mandate delivering guaranteed minimum uplink and downlink speeds to all funded locations. said David Tews, CEO of Xtreme Enterprises. Our thorough testing of the Ericsson-Xtreme 5G Fixed Wireless Access solution ensures we can meet these high standards for our customers.”

This agreement exemplifies a collective commitment to closing the digital divide and elevating rural America by delivering high-speed internet services that were once considered impossible. With the power of Ericsson’s state-of-the-art technology, Xtreme Enterprises’ deployment expertise, and Sound Broadband’s dedication to community connectivity, this initiative promises to redefine the future of broadband in rural and underserved regions.

About Sound Broadband
Sound Broadband, a subsidiary of LICT Corporation, is dedicated to delivering high-speed internet, and 5G services to rural and underserved communities. By leveraging innovative technologies and strategic partnerships, Sound Broadband aims to bridge the digital divide and enhance connectivity across the United States.

About LICT Corporation
LICT Corporation is a leading provider of broadband and telecommunications services, committed to delivering high-quality connectivity solutions to underserved markets through its subsidiaries, including Sound Broadband.

About Xtreme Enterprises
Xtreme Enterprises is a strategic partner of Ericsson and a premier provider of telecommunications infrastructure solutions. Utilizing hosted 4G and 5G core network assets, Xtreme Enterprises excels in supporting large-scale fixed wireless projects, ensuring high-quality connectivity for all clients.

About Ericsson
Ericsson’s high-performing, programmable networks provide connectivity for billions of people every day. For nearly 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

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