Satellite IoT company Wyld Networks strengthens its commercial position as the company's first international patent application protecting Wyld's cutting-edge technology has been published. In the strategic efforts to protect the company's IP assets and long-term value, Wyld Networks has also secured key trademarks associated with the Wyld brand and products.

"We are very pleased to have got our first international patent application published as well as having secured several key trademarks. As a growing tech company, our intellectual property is a strategic asset and - alongside the people who make Wyld Networks - the most valuable asset. Therefore, protecting our know-how and brand is essential. It gives us competitive edge and it creates and protects long-term value for the company and our shareholders", said Alastair Williamson, CEO of Wyld Networks.  

The published patent application, titled Systems and methods for establishing and operating a resilient and low-latency outband overlay communications network, concerns Wyld Network's core technology and has been published through the Patent Cooperation Treaty (PCT)*, which covers most of the major industrial countries of the world.

The registered trademarks are for the names Wyld™, Wyld Mesh™, Wyld Fusion™, and Wyld Connect™.

"We will sell millions of IoT products into a global market, so getting the brand name Wyld and our products trademarked really is a milestone from a commercial point of view", said Alastair Williamson.

* PCT application number: PCT/EP2021/053561. Publication number: WO2021/160867A1.

For further information, please contact

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

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-strengthens-its-commercial-position-with-published-patent-application-and-secured-trad,c3432722

https://mb.cision.com/Main/20640/3432722/1480744.pdf

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