Mitsubishi Electric, ME Innovation Fund Invests in Pente Networks Inc. By Investing.com

Creating business opportunities that utilize private LTE/5G networks

TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Pente Networks Inc., a U.S.-based startup company that provides Infrastructure-as-a-Service (IaaS) to promote the introduction of private LTE/5G networks for enterprises. This is the seventh investment that the fund has made to date.

While private LTE/5G networks have increasingly been introduced in the U.S. since prices for both 5G devices and 5G base stations have fallen, only a few businesses can offer these networks as IaaS. Therefore, the introduction of these networks has required multiple providers working on network design, creation, operation, and maintenance. This has been a significant problem for companies and local governments that wish to create their own private networks. Moreover, although these entities understand the advantage of a private network, many have postponed its introduction due to the cost-effectiveness of capital investment since device configuration is complicated and devices are expensive.

Pente Networks has been developing products such as Orchestrator, which is a feature that automates network operation and management, and Service Portal, which is a network management screen with excellent operability and visibility. If these products are used, even users without high-level expertise can set up a private network. The company also allows devices and base stations to be interoperable. This increases device options and can reduce implementation costs. By offering a private LTE/5G network as IaaS, the company contributes to the advancement and promotion of communication infrastructure, which supports social infrastructure.

Mitsubishi Electric (OTC:) plans to combine its 5G core network with Pente Networks’ Orchestrator and Service Portal to create business opportunities using private networks.

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Customer Inquiries
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Mitsubishi Electric Corporation
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www.MitsubishiElectric.com/

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Takeyoshi Komatsu (OTC:)
Public Relations Division
Mitsubishi Electric Corporation
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Source: Mitsubishi Electric Corporation