Based on the company’s second-generation 37 GHz network technology suite released in 2020, Starry is now manufacturing and deploying next-generation network technology for the 24 GHz frequency band

BOSTON--(BUSINESS WIRE)--Starry, Inc., a next-generation licensed fixed wireless technology developer and Internet service provider, announced today that its second-generation network technology suite has now been deployed for 24 GHz frequency band. This second-generation technology includes Starry’s base stations (Starry Titan) and client receivers (Starry Trident for large apartment buildings and Starry Comet for small and medium apartment buildings and single-family houses), including The increase in capacity and range and a significant reduction in cost compared to the previous generation of hardware.

"Starry has taken a unique and innovative approach to use licensed millimeter wave spectrum to provide affordable high-capacity home broadband. With the development and deployment of each generation of technology, we have made huge leaps in performance, speed, and capacity. , And more importantly, achieved significant cost efficiency," said Chet Kanojia, CEO of Starry. "This allows us to continue to reduce the total cost of deploying the network and providing services."

Starry's hardware technology stack is internally designed and developed and is compatible to operate in the 37 GHz and 24 GHz licensed frequency bands. Starry's gigabit licensed fixed wireless technology significantly reduces the cost of gigabit quality signals passing through the home, which is almost 1/100 of the cost of building fiber to the home. Compared with wired networks, Starry's technology can also significantly shorten the network construction time. Starry can complete the coverage of medium-sized cities in less than a year.

Starry's unique point-to-multipoint design enables the company to provide gigabit network coverage for communities with dozens of Starry Titan base station sites instead of thousands. Starry's technology combines its proprietary phased array antenna technology with MU-MIMO to efficiently provide high-capacity bandwidth with excellent propagation capabilities. Starry's second-generation base station achieved a significant cost reduction of nearly 670% compared to the previous generation equipment cost.

Starry’s technology stack is now available in the 24 GHz frequency band, including Starry Comet, the company’s "gigabit box" product, which enables the company to provide services to consumers living in single-family homes in a cost-effective manner The way to develop suburbs and suburban communities to low-density areas. The size of Starry Comet is 4" (H) x 10" (W) x 3.5" (D). It is compact and can be easily and quickly deployed with various mounting brackets to suit any type of single-family residential building. Starry Comet The launch of Starry also significantly reduced the cost of Starry’s first-generation single-family receivers by nearly 1,000%. The second-generation large MDU receiver Starry Trident also benefited from the significant cost reduction of the second-generation, achieving nearly 400% Reduce costs.

Starry Internet is now available in Boston, Los Angeles, New York City, Washington DC, Denver and Columbus, and its expansion roadmap covers up to 40 million American households.

On October 7, 2021, Starry announced that it would become a public company through a business merger with FirstMark Horizon Acquisition Corp. ("FirstMark") (NYSE: FMAC).

About Starry, Inc. At Starry, we believe that the future is built on connectivity. Connecting people and communities to high-speed broadband Internet should be simple and affordable. Starry uses our innovative broadband hybrid fiber fixed wireless technology to deploy gigabit broadband to the home without bundling, data caps or long-term contracts. Starry is another Internet service provider. We put our customers first, protect their privacy, ensure access to open and neutral networks, and prioritize affordable connections and digital assets to build a platform for the future. Starry is headquartered in Boston and is supported by world-class investors. It is currently available in Boston, New York City, Los Angeles, Washington DC, Denver and Columbus, and is expanding nationwide. To learn more about Starry or join our team and help us build a better Internet, please visit: https://starry.com.

About FirstMark FirstMark is a special purpose acquisition company whose mission is to promote long-term value creation by actively supporting the next generation of iconic public companies. FirstMark is composed of a team of experienced investors and industry executives who have an extensive track record in identifying the changing trends of the technological innovation sub-industry. It is worth noting that FirstMark’s management team is composed of the founders and executives of FirstMark Capital. FirstMark Capital is a well-known technology venture capital company established in 2008 with a total capital commitment of 2.2 billion US dollars. Leading companies, many of which have valuations of more than US$1 billion. For more information, please visit http://firstmarkhorizon.com.

For additional information about the business combination and where to find it in relation to the proposed business combination, Starry Holdings, Inc. ("Starry Holdings") is a newly established subsidiary of Starry and has been listed on Form S-4 ("S-4 Form ") Submitted to the U.S. Securities and Exchange Commission ("SEC") on November 5, 2021. Form S-4 includes FirstMark's proxy statement and Starry Holdings' prospectus, called a proxy statement/prospectus. The power of attorney/prospectus will be sent to all FirstMark shareholders. In addition, Starry Holdings and FirstMark also submitted and may continue to submit other relevant materials to the US Securities and Exchange Commission regarding the proposed business combination. Copies of the S-4 form, power of attorney/prospectus, and all other relevant materials that have been or will be submitted to the SEC by FirstMark or Starry Holdings are available for free on the SEC's website www.sec.gov. Before making any voting or investment decisions, we urge FirstMark investors and securities holders to read the S-4 form, power of attorney/prospectus, and all other relevant documents that have been or will be submitted to the SEC related to the proposed business combination Materials because they will contain important information about the proposed business combination and the parties to the proposed business combination.

According to the regulations of the US Securities and Exchange Commission, the solicitation of FirstMark, Starry Holdings, and Starry and their respective directors and executive officers may be deemed to participate in the solicitation of power of attorneys related to the proposed business combination from FirstMark shareholders. Investors and security holders can obtain more detailed information about the names and interests of FirstMark’s directors and officers in the proposed business combination in FirstMark’s filings with the U.S. Securities and Exchange Commission, including FirstMark’s initial submission to U.S. Securities in September The Exchange Commission’s Form S-1 Registration Statement January 18, 2020. If FirstMark's securities holdings have changed from the amount reported in FirstMark's Form S-1 registration statement, such changes have been or will be reflected in the Form 4 ownership change statement filed with the SEC. According to SEC rules, information that may be deemed to be involved in the solicitation of agents from FirstMark shareholders for business combinations is included in the S-4 form related to the proposed business combination filed with the SEC on November 5, 2021. You can follow the previous paragraph. A copy of these documents can be obtained free of charge.

No offer or solicitation This press release does not constitute a solicitation, consent, or authorization for a proxy or proxy related to any securities or proposed business combination. This press release does not constitute an offer to sell or an invitation to buy any securities of FirstMark, Starry Holdings or Starry, nor should it sell any securities in any state or jurisdiction where such offers, invitations or sales are made. Under the securities laws of any such state or jurisdiction, it is illegal to register or qualify. No securities may be issued unless a prospectus meeting the requirements of Article 10 of the Securities Act of 1933, as amended, is passed.

Forward-looking statements Certain statements in this press release are "forward-looking statements" within the meaning of the "safe harbor" clause of the Private Securities Litigation Reform Act of 1995 regarding the proposed business combination between FirstMark and Starry. Words such as "expected", "estimated", "project", "budget", "forecast", "anticipated", "intended", "plan", "may", "will", "may", "should", etc. "," "believe", "forecast", "potential", "continue", "strategy", "future", "opportunity", "will", "seem", "seeking", "looking forward" and similar expressions The method is designed to identify such forward-looking statements. Forward-looking statements are predictions, forecasts and other statements about future events based on current expectations and assumptions. Therefore, they are affected by risks and uncertainties that may cause actual results and expected results to be material. Discrepancies. These statements are based on various assumptions, whether determined in this communication or not. These forward-looking statements are for illustrative purposes only and are not intended as guarantees, guarantees, predictions, or clear statements of fact or possibility, nor should they be used by investors Reliance. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. These forward-looking statements include, but are not limited to, the expected financial impact of Starry and FirstMark on the proposed business combination, the satisfaction of the completion conditions of the proposed business combination, and the proposed business combination Expected completion time. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of FirstMark’s Form S-1 (document number 333-248916) registration statement, and its annual report on Form 10-K (revised from time to time) ), the fiscal year ending December 31, 2020, and the subsequent quarterly report on Form 10-Q. In addition, the S-4 form (document number 333-260847) submitted by Starry Holdings and the SEC filed by FirstMark or Starry Holdings from time to time Risks and uncertainties are described in other documents. These documents identify and resolve other important risks and uncertainties that may cause actual events and results to differ materially from those contained in forward-looking statements. Most of these factors are not in Starry. , Starry Holdings, and FirstMark, and are difficult to predict. Many factors may cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (1) announcing a proposed business combination; (2) Unable to complete the proposed business combination, including the inability to complete business combination and related-party transactions at the same time, including the non-public issuance of ordinary shares and convertible notes, or because it has not been approved by FirstMark shareholders; (3) The proposed business combination may not be available in FirstMark’s The risk of completion before the business combination deadline, and the possible failure if FirstMark seeks to extend the business combination period; (4) Failure to meet the conditions for completing the proposed business combination, including the approval of FirstMark shareholders, and meeting the minimum trust account after Redemption by FirstMark public shareholders Amount and receipt of certain government and regulatory approvals; (5) Delay in obtaining , Contains unfavorable conditions, or is unable to obtain the necessary regulatory approvals or complete regulatory review required to complete the proposed business merger; (6) occurrence of events, changes or other circumstances that may lead to the termination of the merger agreement; (7) FirstMark, Starry or Starry Holdings’ Fluctuations in securities prices; (8) The risk of disrupting existing plans and operations due to the announcement and completion of the proposed business combination; (9) The expected return of the proposed business combination cannot be confirmed, which may be subject to (among other things) competition , Consolidated company growth and management growth profitability, maintaining relationships with customers and suppliers, and the ability to retain key business. Employees; (10) Costs related to the proposed business merger; (11) Changes in applicable laws and regulations; (12) The possibility that the merged company may be adversely affected by other economic, business and/or competitive factors; (13) Downturn risks and changing regulatory landscape in the highly competitive industry in which Starry operates; (14) the impact of the global COVID-19 pandemic; (15) Starry obtains or maintains the right to use licensed spectrum in any market where Starry operates (16) Starry may not be able to raise additional funds needed to achieve its business goals or achieve other cost efficiencies; (17) the enforceability of Starry’s intellectual property rights (including its patents) , As well as potential infringements on the intellectual property rights of others, cybersecurity risks or potential data security breaches; (18) FirstMark’s registration statement on Form S-1 and Form 10-K for the fiscal year ending December 31, 2020 Other risks and uncertainties described, as well as the subsequent quarterly report on Form 10-Q, and Form S-4 submitted by Starry Holdings. The COVID-19 pandemic may magnify these risks and uncertainties, thereby creating significant economic uncertainty. Starry, Starry Holdings and FirstMark caution that the above list of factors is not exclusive or exhaustive, and do not rely excessively on any forward-looking statements, including forecasts, which are only effective from the date of publication. Neither Starry, Starry Holdings or FirstMark guarantees that Starry, Starry Holdings or FirstMark will achieve their expectations. Neither Starry, Starry Holdings or FirstMark assumes or accepts any obligation to publicly provide revisions or updates to any forward-looking statements, whether due to new information, future developments or other reasons, or in response to changes in circumstances, unless the securities require otherwise and other applicable law.

Media Contact: Mimi Ryals, Starry mryals@starry.com press@starry.com

Investor contact information: Starry and Starry Holdings Investors: investors@starry.com

FirstMark Investor: Eric D. Cheung eric@firstmarkcap.com

Starry is now manufacturing and deploying next-generation network technology for the 24GHz frequency band.

Media Contact: Mimi Ryals, Starry mryals@starry.com press@starry.com

Investor contact information: Starry and Starry Holdings Investors: investors@starry.com

FirstMark Investor: Eric D. Cheung eric@firstmarkcap.com