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    WYLD   SE0015812516

WYLD NETWORKS AB (PUBL)

(WYLD)
Delayed Nasdaq Stockholm  -  08:48 2022-08-08 am EDT
15.10 SEK   +0.67%
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Wyld Networks to deploy satellite IoT solutions for HartBR after signing partnership agreement

05/31/2022 | 02:51am EDT

Virtual satellite operator Wyld Networks today announce a partnership with HartBR, a Brazilian IoT equipment supplier, to provide connectivity for energy distribution infrastructure in remote locations.

HartBR is a Brazilian IoT equipment supplier, based in Alphaville, São Paulo, with existing LoRa solutions for energy, smart grids and telecommunications. Wyld Networks will provide 100% national coverage for HartBR IoT sensors and devices starting with satellite connectivity to connect fault indicator sensors deployed on high voltage transmission lines.

HartBR is one of the main suppliers of technology to Energisa (Grupo Energisa) - one of the largest energy distribution groups in Brazil with 8.0 million consumers in eleven Brazilian states.

HartBR's sensors identify temporary and permanent faults providing invaluable data to the utility provider enabling them to have visibility on conditions, reduce maintenance visits and increase efficiencies. With Wyld's satellite IoT technology, HartBR's sensors can operate anywhere, even outside areas of cellular connectivity. This 100% coverage will bring huge potential growth for HartBR to reach previously inaccessible areas of Brazil.

"To meet the data demands of energy distributors in Brazil we need to enable our sensors in every location even where cellular coverage is unavailable," says Celso Garcia co-founder of HartBR. "Wyld's fantastic sensor to satellite connectivity means we no longer view remote locations as a challenge."

"Monitoring infrastructure in the challenging world of energy distribution requires great technologies coming together," said Alastair Williamson, CEO of Wyld Networks. "Wyld are delighted to be partnering with HartBR to combine cutting edge sensors with cutting edge connectivity to bring previously inaccessible data directly to HartBR's energy distribution partners."

For further information, please contact

Alastair Williamson, CEO Wyld Networks
Email: 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-to-deploy-satellite-iot-solutions-for-hartbr-after-signing-partnership-agreement,c3576140

https://mb.cision.com/Main/20640/3576140/1586019.pdf

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

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Financials ()
Sales 2021 2,46 M - -
Net income 2021 -26,9 M - -
Net cash 2021 6,17 M - -
P/E ratio 2021 -6,50x
Yield 2021 -
Capitalization 158 M 15,4 M -
EV / Sales 2020 -
EV / Sales 2021 67,4x
Nbr of Employees 26
Free-Float -
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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