CNBC Names Movandi Top 5G Disruptor and Innovator

Movandi Brings the Future of 5G to 2021 CNBC Disruptor 50 List

IRVINE, Calif.–(BUSINESS WIRE)–#5gMovandi, a leader in new 5G millimeter wave (mmWave) networks, announced today it was named to the 2021 CNBC Disruptor 50, making 5G a broader reality. The mission of the CNBC Disruptor 50 list has always been to identify fast-growing, innovative start-ups on the path to becoming the next generation of great public companies. Movandi was named a leader in 5G innovation with CNBC and one of the most innovative companies in the world. Learn more about why Movandi was selected a 2021 CNBC Disruptor 50 here.

“The future of 5G depends on the ability of innovators to make the most of new 5G mmWave infrastructure,” said Maryam Rofougaran, CEO and founder, Movandi. “Movandi is solving real-world mmWave deployment challenges with high-performance core 5G technology to enable multi-gigabit-speed 5G to reach its full potential, unleashing 5G connectivity for billions of users around the world. To be recognized by CNBC as a disruptor in 5G is a tremendous honor and highlights the incredible team at Movandi, who all appreciate this award.”

Movandi has begun deployments with leading 5G operators and OEMs including Verizon, Korea Telecom and SK Telecom. Movandi’s mmWave products and technologies are spurring innovation and new use cases across multiple industries including the IoT, telemedicine, security, automotive, gaming and AI-enabled edge applications.

“Movandi’s 5G mmWave technology is advancing mobility by creating a unified connectivity fabric connecting people to people, people to information and people to everything,” said Reza Rofougaran, CTO, and founder, Movandi. “We believe 5G is on a fast track to change the world by driving economic growth, resiliency, sustainability and digital equity. With more people working and studying from home, the COVID-19 pandemic has exposed the growing digital divide between those who have easy access to high-speed connectivity and those who do not. Widespread deployment of 5G networks will help bridge this gap and deliver on President Biden’s goal of expanding broadband access to all Americans.”

The companies on the 2021 CNBC Disruptor 50 list were selected by CNBC’s editorial staff and its Disruptor 50 Advisory Council based on a proprietary blend of quantitative and qualitative information. The annual list from CNBC recognizes private, venture-backed companies that are transforming the economy and the way we live.

About Movandi

Movandi designs and develops deep semiconductor technology powering 5G and beyond interconnecting our world and enabling AI applications across multiple industries. Movandi’s patented BeamXR-powered smart repeaters solve today’s challenges of 5G deployments, cost and operational issues with patented semiconductor, intelligent software and reference architectures. The company was founded by former Broadcom innovators who are world-recognized RF and SoC pioneers and visionaries, including today’s top leaders in the wireless industry, whose innovations have shaped and transformed wireless in the last few decades. Movandi’s strong and diverse system portfolio of IP and patents powers the complete 5G ecosystem, from infrastructure to mobile, while allowing for maximum 5G coverage. Learn more at www.movandi.com.

Contacts

Green Flash Media for Movandi

Jeremy Hyatt

[email protected]

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