Installing a new hose bib on the house

I have a hose bib already but it's at an odd area. I will keep that one as it may still be handy, but I want to add another one. I bought one and it is a threaded fitting on the end. Is this a standard? How does this work, is there a special fitting I would put on the end of the pipe and I just screw it in with Teflon tape?

I think I will also bite the bullet and buy the proper pex crimper instead of using shark bites. :thumbup:

Also, any specific things I need to know when installing one of these? I'm guessing I should have it facing slightly downwards so water does not sit in it, and I just use hydrolic cement to fill the hole around it once it's done and a beed of caulk around just for looks (I noticed this stuff cracks in winter, so can't depend on it for a water seal). Sounds about right? This one also has a backflow preventer already.