New
Superhighway Promises Broader Capacity and Faster Data Transmission.
JACKSONVILLE,
Fla. (February 3, 2014) -- Parallel
Infrastructure LLC, a leading right-of-way (ROW)
land management and communications infrastructure development
company, today announced it is offering a new fiber optic network
along its right-of-way (ROW) corridor that runs along Florida's east
coast from Miami to Jacksonville. These new fiber strands will offer
increased speed and capacity and will be operational by the end of
the year.
According
to Parallel Infrastructure President and CEO, Frank Chechile, the
company is already receiving interest from potential customers who
want to take advantage of this new broadband infrastructure. "It's
been more than a decade since the last fiber cables were installed
along this 351-mile corridor," Chechile commented. "These
new, low-latency strands can transfer large amounts of data faster,
and are in high demand."
The
nature of the new, state-of-the art fiber infrastructure will allow
companies to increase their capacity to support their needs without
incurring additional operational expenses for each incremental bit
transmitted. The network system will serve companies such as
telephone and wireless carriers, utility companies, cable companies,
data centers, municipalities, and other educational and healthcare
businesses that transmit large amounts of data on a regular basis.
Additionally, the fiber will be used to support the needs of All
Aboard Florida, the country's first privately owned and operated
intercity passenger rail that will provide service along Florida's
east coast.
"There
are added economic benefits to expanding Florida's broadband
infrastructure," added Chechile. "This project will not
only create more jobs locally, but thanks to Parallel
Infrastructure's ability to combine two of the most sought-after
assets in telecom-contiguous land and dark fiber-we are better
positioned to attract more high-tech companies to the region and fuel
the growth of existing companies."
Parallel
Infrastructure manages a total of 1,700 miles of ROW corridor across
22 states on behalf of a prestigious list of railroad landowners.
According to Chechile, the company is investigating plans to
construct similar fiber optic networks along these routes over the
next 24 months.
About
Parallel Infrastructure
Headquartered
in Jacksonville, Fla., with regional office nationwide, Parallel
Infrastructure LLC is the first universal Right-of-Way (ROW)
management and communications infrastructure development company
focused on monetizing and maximizing the value of underutilized land
assets along railroad and highway corridors for third-party clients.
The company's service offerings include real estate management
services, telecommunications infrastructure development, and
generating ancillary revenue streams through alternative ROW uses.
Parallel Infrastructure is a wholly owned subsidiary of Florida East
Coast Industries, Inc. For more information, visit
http://www.parallelinfrastructure.com.
About
Florida East Coast Industries, Inc.
Florida
East Coast Industries, Inc. (FECI) is one of Florida's oldest and
largest full-service commercial real estate and infrastructure
companies. Headquartered in Coral Gables, Fla., FECI has a rich
history dating back over a century. Mr. Henry Flagler first
established a predecessor company in 1892, which became a pioneer in
the development of Florida's eastern coast. Today, FECI continues to
transform Florida as the parent company to four distinct business
lines including Flagler, a full-service commercial real estate
company; All Aboard Florida, the United States' first privately
owned, operated and maintained intercity passenger rail; South
Florida Logistics Services, an integrated logistics company that
offers a wide range of logistics services and solutions; and Parallel
Infrastructure, a leader in third-party Right of Way (ROW) management
and development services. FECI is owned by private equity funds
managed by affiliates of Fortress Investment Group LLC. For more
information, visit http://www.feci.com.
Media
Contacts:
Mary
Sudasassi
rbb
Public Relations
305-448-6163
Kathleen
Rodriguez
Florida
East Coast Industries
305-520-2306
