TERN PLC Wyld Networks and ConocoPhillips will deploy Wyld Connect in a pilot project to deliver Internet of Things data using low Earth orbit satellite connectivity for asset tracking and well site monitoring, initially in the Bakken Reservoir in North America.
ConocoPhillips is one of the world's largest independent exploration and production companies with a digital ambition to provide enterprise-wide, scalable solutions to improve safety performance, reduce operational emissions, lower supply costs, and improve operational efficiency.
Data generated via IoT is critical to efficiency and sustainability in the field. Connecting data with Wyld Networks satellite IoT solutions to ConocoPhillips installations means putting information in the hands of the right people at the right time so they can make well-informed decisions.
In the energy sector, it is necessary to streamline processes through digital solutions to organise and analyse extensive complex data into insightful information and help engineers improve decisions and reduce environmental impact.
"We are excited to work with ConocoPhillips to help meet their connectivity needs in remote locations," said Alastair Williamson, CEO of Wyld Networks. "With Wyld Connect able to deliver data from IoT devices anywhere on Earth via low-Earth orbit satellites, this is a great opportunity to partner with one of the world's leading oil and gas companies."
For further information, please contact:
Alastair Williamson, CEO Wyld Networks
Email: alastair.williamson@wyldnetworks.com
Phone: +44 7 824 997 689
About Wyld Networks AB
Wyld Networks develops and sells innovative wireless technology solutions that enable affordable connectivity globally, addressing the problem for people and companies regarding the lack of global network connectivity. The solutions are mainly focused on wireless network connectivity for IoT products and people. Wyld Networks Ltd was founded in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.
Wyld Networks' stock (WYLD) is subject to trading on the Nasdaq First North Growth Market. Certified Adviser is Mangold Fondkommission AB (tel 08-5030 1550, e-mail ca@mangold.se).
Read more at: www.wyldnetworks.com
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Tern plc published this content on 18 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2023 14:46:05 UTC.
