{"success":true,"data":{"pressRelease":{"id":"167292","rtpr_id":"nNFC3Q3hs-20261013","ticker":"ELWT","exchange":"NASDAQ","all_tickers":["ELWT"],"title":"Avenue Living Selects Elauwit to Deliver Managed WiFi Across 3 U.S. Communities in 3 States","author":"Newsfile Corp","published_at":"2026-10-13T11:00:21.489Z","article_body":"Multi-community award brings property-wide connectivity and 24/7/365 human\nsupport to 500+ units in Ohio, Iowa and Kentucky\n\nColumbia, South Carolina--(Newsfile Corp. - October 13, 2026) - Elauwit\nConnection, Inc. (NASDAQ: ELWT) (\"Elauwit\" or the \"Company\"), a national\nmanaged services provider of turnkey broadband and property-wide WiFi networks\nserving multifamily, student housing, and senior living communities, today\nannounced it has been selected by Avenue Living, one of North America's\nlargest private real estate owner-operators, to design, build, and support\nmanaged WiFi networks at three communities in the company's U.S. multifamily\nportfolio.\n\nThe awarded communities total 530 units across three states: Hyde Park Flats\nin Cincinnati, Ohio; Blue Ridge Commons in Altoona, Iowa; and Garden Estates\nin Lexington, Kentucky. Each community is an existing property that will\ntransition from resident-by-resident retail internet to a single,\nproperty-wide managed network with universal service to every unit.\n\nElauwit was selected through a competitive request-for-proposal process\nmanaged by ROVR. Network construction is underway, with activation targeted\nfor December 2026.\n\n\"Avenue Living manages more than 21,500 apartment homes across the North\nAmerican heartland, and they evaluate every vendor on execution,\" said Dan\nMcDonough, Executive Chairman of Elauwit Connection. \"Winning three\ncommunities at once tells us our model is working for the exact kind of owner\nwe built it for: disciplined, multi-market operators who want one accountable\npartner for the network and the resident experience. These first awards with\nan owner open the door to future opportunities across the owner's portfolio\nonce they see how working with Elauwit can increase resident satisfaction and\nimprove property financial returns.\"\n\nEach community will receive a managed network built on Cambium Networks Wi-Fi\n6 access points in every unit, common-area and outdoor amenity coverage, and\nElauwit's 24/7/365 support center, where humans answer in under 35 seconds.\nResidents receive property-wide connectivity from move-in day with no\ninstaller appointments and no waiting on a router.\n\nThe three communities represent Elauwit's first awards with Avenue Living,\nwhich owns and operates apartment communities across 20 U.S. states. Elauwit\nlooks forward to supporting Avenue Living as it continues to grow its U.S.\nportfolio.\n\nThe awards contribute to Elauwit's contracted unit growth in 2026. As reported\nin the Company's second quarter 2026 results, Elauwit ended the quarter with\n42,687 contracted units, up 33 percent year over year, and expects to exceed\n50,000 contracted units before year-end.\n\nAbout Avenue Living\n\nAvenue Living is a property owner-operator with over $8.5 billion in assets\nunder management across more than 50 markets in Canada and the United States.\nThe firm's multi-family division manages more than 21,500 doors throughout the\nNorth American heartland. Visit: www.avenuelivingam.com\n\nAbout Elauwit Connection (NASDAQ: ELWT)\n\nElauwit is a publicly traded connectivity MSP dedicated to rental communities,\nincluding multifamily properties, student housing, and senior living. Elauwit\ndesigns, builds, and operates managed networks, backed by a service model that\ntreats property teams and residents like a relationship, not an account\nnumber.\n\nWith dependable connections, exceptional resident support, and no-upfront-cost\noptions, Elauwit helps owners deliver premium connectivity as a competitive\nadvantage, supporting new revenue, resident retention and increased asset\nvalue.\n\nVisit: www.elauwit.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements, including with respect\nto the Company's future financial results, the Company's growth strategies and\npipeline, and its performance as a public company. The words \"anticipate,\"\n\"believe,\" \"can,\" \"expect,\" \"future,\" \"opportunities,\" \"potential,\" \"will,\"\nand similar expressions are intended to identify forward-looking statements.\nThese forward-looking statements are subject to a number of risks,\nuncertainties, and assumptions, including market and other conditions and the\nCompany's ability to improve its financial performance and achieve its growth\nobjectives, and other factors set forth in the Company's filings with the SEC,\nincluding the Company's Annual Report on Form 10-K filed with the SEC on March\n31, 2026 and subsequent quarterly reports on Form 10-Q. Actual results might\ndiffer materially from those explicit or implicit in the forward-looking\nstatements. The Company undertakes no obligation to update any such\nforward-looking statements after the date hereof to conform to actual results\nor changes in expectations, except as required by law.\n\nContacts\n\nFor Media:\nElauwit Connection Inc.\nKatie Hayward, VP RevOps\n+1-704-558-3099\nsales-pr@elauwit.com\n\nFor Investors:\nDarrow Associates\nMatt Kreps, Managing Director\n+1-214-597-8200\nmkreps@darrowir.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318544","article_body_html":"","raw_payload":{"data":{"id":"nNFC3Q3hs-20261013","title":"Avenue Living Selects Elauwit to Deliver Managed WiFi Across 3 U.S. Communities in 3 States","author":"Newsfile Corp","ticker":"ELWT","created":"2026-10-13T11:00:21.489Z","tickers":["ELWT"],"exchange":"NASDAQ","article_body":"Multi-community award brings property-wide connectivity and 24/7/365 human\nsupport to 500+ units in Ohio, Iowa and Kentucky\n\nColumbia, South Carolina--(Newsfile Corp. - October 13, 2026) - Elauwit\nConnection, Inc. (NASDAQ: ELWT) (\"Elauwit\" or the \"Company\"), a national\nmanaged services provider of turnkey broadband and property-wide WiFi networks\nserving multifamily, student housing, and senior living communities, today\nannounced it has been selected by Avenue Living, one of North America's\nlargest private real estate owner-operators, to design, build, and support\nmanaged WiFi networks at three communities in the company's U.S. multifamily\nportfolio.\n\nThe awarded communities total 530 units across three states: Hyde Park Flats\nin Cincinnati, Ohio; Blue Ridge Commons in Altoona, Iowa; and Garden Estates\nin Lexington, Kentucky. Each community is an existing property that will\ntransition from resident-by-resident retail internet to a single,\nproperty-wide managed network with universal service to every unit.\n\nElauwit was selected through a competitive request-for-proposal process\nmanaged by ROVR. Network construction is underway, with activation targeted\nfor December 2026.\n\n\"Avenue Living manages more than 21,500 apartment homes across the North\nAmerican heartland, and they evaluate every vendor on execution,\" said Dan\nMcDonough, Executive Chairman of Elauwit Connection. \"Winning three\ncommunities at once tells us our model is working for the exact kind of owner\nwe built it for: disciplined, multi-market operators who want one accountable\npartner for the network and the resident experience. These first awards with\nan owner open the door to future opportunities across the owner's portfolio\nonce they see how working with Elauwit can increase resident satisfaction and\nimprove property financial returns.\"\n\nEach community will receive a managed network built on Cambium Networks Wi-Fi\n6 access points in every unit, common-area and outdoor amenity coverage, and\nElauwit's 24/7/365 support center, where humans answer in under 35 seconds.\nResidents receive property-wide connectivity from move-in day with no\ninstaller appointments and no waiting on a router.\n\nThe three communities represent Elauwit's first awards with Avenue Living,\nwhich owns and operates apartment communities across 20 U.S. states. Elauwit\nlooks forward to supporting Avenue Living as it continues to grow its U.S.\nportfolio.\n\nThe awards contribute to Elauwit's contracted unit growth in 2026. As reported\nin the Company's second quarter 2026 results, Elauwit ended the quarter with\n42,687 contracted units, up 33 percent year over year, and expects to exceed\n50,000 contracted units before year-end.\n\nAbout Avenue Living\n\nAvenue Living is a property owner-operator with over $8.5 billion in assets\nunder management across more than 50 markets in Canada and the United States.\nThe firm's multi-family division manages more than 21,500 doors throughout the\nNorth American heartland. Visit: www.avenuelivingam.com\n\nAbout Elauwit Connection (NASDAQ: ELWT)\n\nElauwit is a publicly traded connectivity MSP dedicated to rental communities,\nincluding multifamily properties, student housing, and senior living. Elauwit\ndesigns, builds, and operates managed networks, backed by a service model that\ntreats property teams and residents like a relationship, not an account\nnumber.\n\nWith dependable connections, exceptional resident support, and no-upfront-cost\noptions, Elauwit helps owners deliver premium connectivity as a competitive\nadvantage, supporting new revenue, resident retention and increased asset\nvalue.\n\nVisit: www.elauwit.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements, including with respect\nto the Company's future financial results, the Company's growth strategies and\npipeline, and its performance as a public company. The words \"anticipate,\"\n\"believe,\" \"can,\" \"expect,\" \"future,\" \"opportunities,\" \"potential,\" \"will,\"\nand similar expressions are intended to identify forward-looking statements.\nThese forward-looking statements are subject to a number of risks,\nuncertainties, and assumptions, including market and other conditions and the\nCompany's ability to improve its financial performance and achieve its growth\nobjectives, and other factors set forth in the Company's filings with the SEC,\nincluding the Company's Annual Report on Form 10-K filed with the SEC on March\n31, 2026 and subsequent quarterly reports on Form 10-Q. Actual results might\ndiffer materially from those explicit or implicit in the forward-looking\nstatements. The Company undertakes no obligation to update any such\nforward-looking statements after the date hereof to conform to actual results\nor changes in expectations, except as required by law.\n\nContacts\n\nFor Media:\nElauwit Connection Inc.\nKatie Hayward, VP RevOps\n+1-704-558-3099\nsales-pr@elauwit.com\n\nFor Investors:\nDarrow Associates\nMatt Kreps, Managing Director\n+1-214-597-8200\nmkreps@darrowir.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318544"},"type":"article","timestamp":"2026-10-13T11:00:21.548798304Z","server_sent_at_ms":1791889221548},"received_at":"2026-10-13T11:00:21.600Z","source_url":"https://www.newsfilecorp.com/release/318544"},"analysis":{"id":"155599","press_release_id":"167292","analysis_json":{"industry":{"label":"Telecommunication Services","sector":"Communication Services"},"redFlags":[],"eventType":"operations_update","narrative":"Elauwit Connection won a competitive award from Avenue Living to design, build, and support managed WiFi networks at three U.S. multifamily communities totaling 530 units in Ohio, Iowa, and Kentucky.\n\nConstruction is underway with activation targeted for December 2026, and the communities transition from retail internet to property-wide managed networks with Wi-Fi 6 access points in every unit.\n\nThis is Elauwit's first award with Avenue Living, which manages more than 21,500 apartment homes; the company ended Q2 2026 with 42,687 contracted units, up 33% year over year, and expects to exceed 50,000 units before year-end.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"First award with major owner-operator Avenue Living opens door to 21,500-door portfolio; contracted units tracking toward 50,000 year-end target."},"keyFigures":{"customDimensions":{"units_awarded":530,"activation_target":"December 2026","contracted_units_q2_2026":42687,"contracted_unit_yoy_growth":"33%","contracted_units_year_end_target":50000}},"quotedText":"Winning three communities at once tells us our model is working for the exact kind of owner we built it for","namedEntities":{"people":[{"name":"Dan McDonough","role":"Executive Chairman of Elauwit Connection"}],"products":["Managed WiFi networks","Cambium Networks Wi-Fi 6 access points"],"companies":[{"name":"Elauwit Connection, Inc.","ticker":"ELWT","relationship":"filer/managed services provider"},{"name":"Avenue Living","relationship":"customer/property owner-operator"},{"name":"ROVR","relationship":"RFP manager"},{"name":"Cambium Networks","relationship":"equipment supplier"}],"dollarAmounts":[{"amount":"$8.5 billion","context":"Avenue Living assets under management"}]},"materialImpact":{"score":2,"reasoning":"Contract win adding 530 units from a large new owner-operator, contributing to contracted unit growth; positive but small relative to the company's 42,687-unit base. First award with this owner could open portfolio-wide opportunity."},"tickerRelevance":{"others":[],"primary":"ELWT"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["partnership"],"importanceComponents":{"eventSize":"530 units","tickerTier":"micro-cap","eventGravity":"routine contract win","strategicNote":"first award with large owner-operator could compound"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":2,"narrative":"Elauwit Connection won a competitive award from Avenue Living to design, build, and support managed WiFi networks at three U.S. multifamily communities totaling 530 units in Ohio, Iowa, and Kentucky.\n\nConstruction is underway with activation targeted for December 2026, and the communities transition from retail internet to property-wide managed networks with Wi-Fi 6 access points in every unit.\n\nThis is Elauwit's first award with Avenue Living, which manages more than 21,500 apartment homes; the company ended Q2 2026 with 42,687 contracted units, up 33% year over year, and expects to exceed 50,000 units before year-end.","key_figures":{"customDimensions":{"units_awarded":530,"activation_target":"December 2026","contracted_units_q2_2026":42687,"contracted_unit_yoy_growth":"33%","contracted_units_year_end_target":50000}},"named_entities":{"people":[{"name":"Dan McDonough","role":"Executive Chairman of Elauwit Connection"}],"products":["Managed WiFi networks","Cambium Networks Wi-Fi 6 access points"],"companies":[{"name":"Elauwit Connection, Inc.","ticker":"ELWT","relationship":"filer/managed services provider"},{"name":"Avenue Living","relationship":"customer/property owner-operator"},{"name":"ROVR","relationship":"RFP manager"},{"name":"Cambium Networks","relationship":"equipment supplier"}],"dollarAmounts":[{"amount":"$8.5 billion","context":"Avenue Living assets under management"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T11:00:31.942Z","global_importance":15,"audience_relevance":10,"importance_components":{"eventSize":"530 units","tickerTier":"micro-cap","eventGravity":"routine contract win","strategicNote":"first award with large owner-operator could compound"}},"durationMs":5471,"modelName":"glm-5.3-flashx"}}