Commercial Growth and Global Expansion Highlight thinkRF’s Strategic Success
November 7, 2024
thinkRF — Leader in software-defined spectrum analysis platforms
thinkrf.com
thinkRF is pleased to announce that it has exceeded its revenue targets for the third consecutive quarter, reflecting the relentless commitment to delivering exceptional value to its clients and solidifying its position in the spectrum intelligence industry.
To name a few accomplishments, we secured a significant sale of our Real-Time Spectrum Analysis platform to a European Systems Integrator, marking an initial order for their upcoming Signal Analysis and Classification system. Our global reach continues to grow, with a significantly larger deal secured in India, set for delivery in Q4, along with additional purchases for future quarters.
Our collaboration with Disney Parks has been another highlight, successfully delivering a crucial capability in our Spectrum eXperience Management (SXM) solution to address critical network challenges across various radio services. The positive reception from Disney’s teams underscores the tangible impact of our innovations and has paved the way for broader SXM deployment across their venues.
In North America, we have submitted a joint proposal for a Spectrum Monitoring System to one of the largest Spectrum Regulators. We are optimistic about the potential opportunities.
Looking ahead to the next quarter, we are on the verge of finalizing a record deal for our SXM solution in the Middle East. Additionally, our responses to tenders from two spectrum regulators in LATAM have garnered significant interest, showcasing the appeal of our SXM solution’s unique differentiators, including its plug-and-play capabilities and autonomous real-time continuous operation.
Further on the global expansion, we are witnessing a significant interest in our SXM platform, particularly following our successful participation in the LATAM Spectrum Management Conference in Mexico. Impressive feedback and prompt outreach from senior executives underscore a growing demand for our solution in key markets, propelling our momentum toward international growth.
On the product evolution front, this quarter has been marked by substantial advancements. We released major enhancements to our SXM platform, notably the new Channel Occupancy feature, addressing key use cases for regulators and private network operators. Our development team successfully transitioned this application from concept to general availability in just three months, demonstrating our agility in meeting customer expectations.
Additionally, we introduced several performance improvements, including enhanced SXM configuration and improved usability across multiple applications—moving us closer to realizing our vision of the world’s only true All-in-One Solution. These updates empower our users to unlock the full potential of our platform.
Moreover, we initiated development of our new small form factor SXM Node, featuring our new Real-Time Spectrum Analyzer (RTSA)—R6000. This compact, high-performance device enables new use cases and flexible deployment scenarios, ideal for vehicle and handheld applications.
Looking Ahead
As we continue to innovate and expand, thinkRF remains dedicated to advancing spectrum management with cutting-edge solutions. Thank you to all our partners and clients for your ongoing support, and a special appreciation to our dedicated thinkRF team—together, we’re paving the way for the future of spectrum intelligence!