MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION

7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 JapanFOR IMMEDIATE RELEASE

No. 3710

Customer Inquiries

Media Inquiries

Business Innovation Group
Mitsubishi Electric Corporation

Public Relations Division
Mitsubishi Electric Corporation

www.MitsubishiElectric.com/prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Mitsubishi Electric, ME Innovation Fund Invests in Pente Networks Inc.
Creating business opportunities that utilize private LTE/5G networks
TOKYO, June 12, 2024 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its MEInnovation 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, theintroduction 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 privatenetwork. 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 plans to combine its 5G core network with Pente Networks’ Orchestrator and Service Portal
to create business opportunities using private networks.
Avi Cohen, CEO of Pente Networks Inc. said: “Close collaboration with Mitsubishi Electric, which operates
a wide variety of businesses, can produce synergetic effects in both business and technology. Through thisinvestment, we will explore business opportunities using LTE/5G networks in Japan and aim for businessexpansion.”*A type of service that provides the necessary infrastructure for creating computer systems, including servers, storage, CPU,
memory, and networks, via the Internet** Abbreviation for Long Term Evolution, an exclusive communication standard for mobile devices

1/2Satoshi Takeda, Executive Officer, CDO (In charge of DX, Vice President, Business Innovation), Mitsubishi
Electric Corporation said: “Pente Networks provides IaaS as solutions to issues regarding advanced
professional technologies and capital investment required for their introduction, which had been barriers toadopting private networks. By merging the technologies we possess, we will stimulate the dissemination ofcommunication infrastructure and aim to enhance our corporate value.”
About Pente Networks
Company Name
CEOLocation
Foundation
BusinessWebsite

Pente Networks Inc.
Avi Cohen
411 Hackensack Avenue, Suite 806 Hackensack, NJ 07601, United States
December 2015Provision of private LTE/5G networks for enterprises
https://www.pentenetworks.com/###About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi ElectricCorporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electricaland electronic equipment used in information processing and communications, space development and satellite
communications, consumer electronics, industrial technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company
recorded a revenue of 5,257.9 billion yen (U.S.$ 34.8 billion*) in the fiscal year ended March 31, 2024. For
more information, please visit www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥151=U.S.$1, the approximate rate on the Tokyo
Foreign Exchange Market on March 31, 2024

2/2