American Tower and PowerX announce strategic partnership to drive sustainability in the African telecommunications industry through innovative AI solutions

Johannesburg, November 7, 2022. American Tower Corporation’s African subsidiary (ATC Africa) and PowerX today announced a strategic partnership that will bring the significant efficiency and environmental benefits of PowerX’s artificial intelligence (AI) solutions to Africa’s telecommunications industry by optimizing energy usage at tower sites. After a successful joint program, ATC Africa employed PowerX’s AI analytics across a select number of sites in Burkina Faso, Kenya, Niger, Nigeria, and Uganda.

Roll-out of PowerX’s AI platform has brought enhanced insight into the power management and analysis of ATC Africa’s sites. The platform leverages PowerX’s ability to analyze data to optimize ATC’s site performance, ensuring maximum greenhouse gas (GHG) emissions reduction.

ATC Africa is committed to providing connectivity while substantially reducing reliance on fossil fuels through the deployment of new sites that adhere to low GHG emissions site specifications, in accordance with its science-based targets (SBTs).

Marek Busfy, SVP and Chief Executive Officer, ATC Africa stated, “To date, ATC Africa has invested over $300 million in energy efficiency improvements, renewable energy deployments and energy storage solutions to
reduce the use of fossil fuels at our sites. Our strategic partnership with PowerX will place us at the forefront of the industry by leveraging the innovative power of AI data-led solutions to optimize the use of power and reduce GHG emissions. I am confident our strategic partnership will grow and contribute to our science-based targets to reduce GHG emissions by at least 40% by 2035 against a 2019 baseline and deliver on our low GHG emissions site strategy”.

PowerX’s CEO, Andrew Schafer said, “Our alliance with ATC will set bold new industry standards for tower energy efficiency. AI-driven analytics uniquely lead the way in efficiently managing power and providing accurate and auditable records in environmental sustainability such as how much diesel and GHG emissions have been eliminated from site operations. We apply sophisticated machine learning and pattern recognition tools to existing site data to identify inefficiencies and anomalies previously buried deep in fragmented data sets. We are excited to bring these benefits to ATC Africa and to Africa’s burgeoning telecommunications industry, setting an ambitious benchmark for site efficiency and sustainability.”

About American Tower
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 223,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit the “Earnings Materials” and “Investor Presentations” section of our investor relations website at www.americantower.com.

American Tower in Africa
We established our presence in Africa in 2011 and today operate more than 23,000 sites across Burkina Faso, Ghana, Kenya, Niger, Nigeria, South Africa and Uganda. Our customers include the region’s leading Mobile Network Operators (MNOs). Access to broadband services has helped unlock an array of new opportunities and services that are enhancing the livelihoods of
Africans, spurring Africa’s economic growth, and advancing the 2030 Sustainable Development Agenda for the continent.

Cautionary Language Regarding Forward-Looking Statements
This press release contains “forward-looking statements” concerning American Tower’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Forward looking statements can generally be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,”
“potential,” “seek,” “should,” “think,” “will,” “would” and similar expressions, or they may use future dates. Actual results may differ materially from those indicated in American Tower’s forward-looking statements as a result of various factors, including those factors set forth in Item 1A of its Form 10-K for the year ended December 31, 2021, as updated in American Tower’s Form 10-Q for the nine months ended September 30, 2022, each under the caption “Risk Factors.” American Tower undertakes no obligation to update the information
contained in this press release to reflect subsequently occurring events or circumstances.

ATC Media Contact
Maite Cordero
Senior Director Communications – LatAm & EMEA
maite.cordero@americantower.com
+34 681288948

About PowerX Technology
PowerX, a global Software-as-a-Service company, provides the market-leading data intelligence platform for managing and optimising energy assets. The platform’s advanced data science tools and workflows, integrated with enterprise business processes, deliver efficiency, resilience and sustainability for critical asset operations. In telecommunications, for example, the PowerX solution has achieved auditable 15%-30%+ energy and maintenance cost reductions, asset utilisation improvements, CO2 emission reductions and revenue assurance. PowerX is a highly scalable, hardware agnostic platform that is quick and easy to deploy.

The solution leverages AI to automate improvements and processes at scale helping operational teams identify inefficiencies, prioritise responses and manage to resolution with detailed diagnostics and integrated workflows. The result is enterprise-wide visibility, specific insights and automated control actions, with increased workforce productivity, reduced cost and site-level efficiencies at scale across large, distributed estates.

For more information contact marketing@powerx.ai