Federated Wireless, Inc., which develops technologies to efficiently allocate spectrum resources to extend carrier networks, announced today that Jeannie Diefenderfer, a former executive from Verizon Wireless, has joined as an advisor to the executive leadership team. Based in New York City, Ms. Diefenderfer is a globally respected telecommunications executive with over 28 years of technical and operational experience.

“We are thrilled to welcome Jeannie as an advisor to our executive leadership team. She brings an in-depth understanding of the global telecommunications landscape, including innovative ideas for capitalizing on opportunities and overcoming challenges,” said Chief Executive Officer Iyad Tarazi. “We look forward to the insight she will provide to our team.”

Ms. Diefenderfer spent more than 10 years in executive leadership positions at Verizon Communications, including leading a 10,000-person global customer care organization for the company’s largest enterprise customers. During her three-year tenure managing a $10 billion+ purchasing program as Chief Procurement Officer, Ms. Diefenderfer achieved over $1 billion dollars in savings for Verizon. In addition, as the Senior Vice President of Global Engineering and Planning, she implemented a network capital program of more than $10 billion to expand Verizon’s global backbone network across six continents.

Ms. Diefenderfer is a member of the Accenture Network Advisory Council, independent director of the boards of MRV Communications (MRVC: NASDAQ) and Westell Technologies (WSTL: NASDAQ), an advisor to Vasona Networks, and is a Trustee of Tufts University.

More information about Federated Wireless, including the company’s recent filings with the FCC, can be found at www.federatedwireless.com.

Federated Wireless is a subsidiary of Boston-based Allied Minds (LSE: ALM).

About Federated Wireless

Formed in 2012, Federated Wireless, Inc. is developing scalable wireless infrastructure solutions to extend the access of carrier networks. The company’s dynamic Spectrum Access Service (SAS) platform focuses on the distribution of licensed shared spectrum. Its approach incorporates a neural network of radio sensors that allow for interference-free access to low-cost, high-quality licensed spectrum, and breaks down traditional barriers of high-cost, exclusive spectrum. The company’s differentiated business model creates opportunities for more efficient approaches to spectrum. Federated Wireless is headquartered in Arlington, VA, and has offices in Boston, MA and Sunnyvale, CA. More information can be found at www.federatedwireless.com.

About Allied Minds

Allied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com

Allied Minds Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Federated Wireless, Inc.Ravi Pimplaskar, 703-593-1040rpimplaskar@federatedwireless.com

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