(Note: 5 Edge Acquisition Corp. withdrew its plans for its SPAC IPO in an SEC filing dated Jan. 18, 2023. The blank check company filed its S-1 in March 2021.)
We intend to focus our search for target companies on the telecom sector.
We intend to focus our search within the TMT sector (on areas) such as software, fixed and wireless communications, networking, security and leading-edge technology market segments including, but not limited to 5G- related businesses (e.g., 5G private networks and distributed radio access for enterprises, large campuses and public venues such as airports and stadiums); Artificial Intelligence (AI); hybrid cloud-edge computing; Internet of Things (IoT) and Artificial Intelligence of Things (AIoT); machine learning, predictive analytics, neural networking; immersive photonics; quantum encryption, computing and communications; network security technologies and services; Swarm Intelligence (SI); and spectrum assets.
We intend to capitalize on the pioneering experience and leadership talent and networks of our management team, including:
- Douglas L. Maine has been our Chairman of the Board and CFO since inception. He has over 40 years of extensive experience in the TMT business areas, AI, information technology services, and enterprise systems and software. Mr. Maine is currently a senior advisor to Brown Brothers Harriman & Co (“BBH”), a 200-year-old privately held Wall Street financial services firm. Prior to BBH, Mr. Maine had joined IBM as Chief Financial Officer and Senior Vice President in 1998. He later was general manager of two operating units of IBM. Mr. Maine retired from IBM in 2005. During his tenure, he co-led the sale of the IBM global network for $5 billion. Prior to joining IBM, Mr. Maine was the CFO and executive vice president of MCI (now part of Verizon) from 1991 to 1998. He was extensively involved in MCI’s groundbreaking role in developing the Internet for commercial use. Before becoming the CFO, Mr. Maine held a variety of sales, operating and financial leadership roles during his 20-year career at MCI.
- Allen Salmasi has been our CEO, secretary and (a) director since inception. Mr. Salmasi is the CEO of Veea Inc, a provider of full stack cloud-to-edge computing and communications platform products and solutions, founded in 2014. He is also the Chairman and CEO of NLabs Inc., a New York-based family office investment firm that he founded in 2013. Mr. Salmasi currently serves on the board of KINS Technology Group Inc. (NASDAQ: KINZ), a blank check company that consummated its IPO in December 2020, and several private companies, including Ostendo, Inc., the first to market company with a quantum photonics chip for quantum imaging, communications and computing applications; mimik technology inc., a hybrid edge-cloud computing company, and NextWave HoldCo LLC, a holding company with extensive 2.5 GHz spectrum assets. He serves as the Chairman of the Board of OncoSynergy Inc., a clinical stage oncology company with next generation immunotherapies targeted at glioblastoma and ovarian cancer indications. Before founding Veea in 2014, Mr. Salmasi was the chairman, CEO and president of NextWave Telecom Inc. and, its spin-off, NextWave Wireless Inc. (“NextWave”), a San Diego-based company that he founded in 1996. In partnership with MCI Communications Corp., NextWave developed and substantially implemented the first Mobile Virtual Network Operator (“MVNO”) service in the U.S. between 1996 and 1998. NextWave also acquired substantial spectrum assets in the U.S.and other countries between 1996 and 2007. NextWave Telecom was acquired by Verizon in 2005, and NextWave Wireless was acquired by AT&T in 2013. NextWave also pioneered several products and technologies, that it spun off or were directly acquired at various times, such as low-power FDD-CDMA chipset, packet-switched wireless broadband network equipment and devices for TDD-CDMA and LTE, mixed-signal integrated analog/digital chipsets and devices based on OFDMA, and mobile media and streaming software platform that was adopted by Google for Android devices. Prior to NextWave, he served as the President of the Wireless Division, Chief Strategy Officer and a member of the Board of Directors at Qualcomm Inc.from 1988 to 1995, where he initiated and led the business development activities for the cellular products, including chipset and handset developments and production, for Code Division Multiple Access (“CDMA”) technology. At Qualcomm, he established joint ventures for manufacturing of the first CDMA handsets and infrastructure, while leading the technology licensing arrangements with many prominent early licensees of Qualcomm. Through his efforts at Qualcomm, EIA/TIA/CTIA IS-95 standards were adopted in the U.S. South Korea and several other countries. Mr. Salmasi also initiated the Globalstar low-earth-orbit mobile satellite communications project. While at Qualcomm, he played a key role in the adoption of CDMA in South Korea, China, Japan, India, Brazil and several other countries. Prior to Qualcomm, Mr. Salmasi was the CEO and President of Omninet Corp. from 1983 to 1988, where he initiated and led the development of OmniTRACS that was first demonstrated in 1985. OmniTRACS service became the world’s first and largest commercial terrestrial mobile satellite communications service for two-way messaging and position reporting services as the first large scale commercial application of CDMA. Omninet merged with its manufacturing partner, Qualcomm, in 1988. Mr. Salmasi began his career at NASA JPL.