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    WYLD   SE0015812516

WYLD NETWORKS AB (PUBL)

(WYLD)
Delayed Nasdaq Stockholm  -  05/16 11:29:33 am EDT
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Wyld Networks and partners form global consortium to advance IoT network coverage

01/11/2022 | 08:42am EDT

Virtual satellite network operator Wyld Networks today announced it has partnered with Eutelsat Communications, Senet, and TrakAssure, forming a consortium to bring integrated and interoperable terrestrial and satellite LoRaWAN® IoT connectivity to customers across the globe.

Through platform integrations, innovative sensor and hardware design, collaborative service delivery, and compelling pricing, the companies are initially targeting the global supply chain, including container logistics and related asset tracking, as the first application.

End-to-end managed network services delivered through this collaboration will provide a new level of visibility into supply chain operations. This will be followed by the delivery of additional solutions designed to extend the adoption of LoRaWAN® connectivity for other applications that can benefit from the combination of Low Earth Orbit (LEO) satellites and terrestrial network connectivity.

TrakAssure and Wyld Networks are collaborating on the design and production of a new sensor-enabled end device to be used for supply chain and asset tracking solutions. Wyld is designing and producing the hardware module along with unique firmware. Using standard LoRaWAN® compliant chips and components will allow for low cost and time to market advantages.

Eutelsat will provide LoRaWAN® coverage via low earth orbiting satellites while Senet will provide terrestrial LoRaWAN® network connectivity. Senet currently offers technology in over eighty countries and owns and operates the largest publicly available terrestrial LoRaWAN® network in the United States.

The initial focus for the consortium, which is called Multimodal IoT Infrastructure Consortium™ (MMIIC), is on formalising and completing all technical tests, pilots, and the commercial delivery of its first-to-market supply chain solutions.

The companies are planning a commercial services launch in the second half of 2022 with pilots beginning in February 2022.

"The lack of affordable and global wireless coverage is holding back the growth of the Internet of Things from contributing an additional $2-3 trillion in value to global GDP over the next decade", commented Alastair Williamson, CEO of Wyld Networks. "The creation of this consortium forms a part of our strategy of creating affordable IoT coverage anywhere in the world. In parallel we will continue to partner with other companies to further support the commercial rollout of our service."

For more information, see Senet's full press release: https://www.senetco.com/about/news/senet-eutelsat-trakassure-and-wyld-networks-team-to-deliver-first-to-market-interoperable-terrestrial-and-satellite-lorawan-network-services/  

For further information, please contact:

Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com 
Tel: +44 7 824 997 689

About Wyld Networks AB

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market. Certified Adviser is Mangold Fondkommission AB (tel +46 8-5030 1550, email ca@mangold.se).

Read more on www.wyldnetworks.com

https://news.cision.com/wyld-networks/r/wyld-networks-and-partners-form-global-consortium-to-advance-iot-network-coverage,c3484378

https://mb.cision.com/Main/20640/3484378/1519132.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EUTELSAT COMMUNICATIONS -0.27% 11 Real-time Quote.2.75%
WYLD NETWORKS AB (PUBL) 1.90% 12.86 Delayed Quote.-39.18%
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Managers and Directors
Alastair Williamson Chief Executive Officer
Christopher Caswell Chief Financial Officer & Deputy CEO
Mats Lennart Andersson Chairman
Eugene Myers Chief Technology Officer & SVP-Engineering Mesh
Stephen Clarke Chief Operating Officer & SVP-Engineering Connect