Wyld Networks and Astrocast sign a multi-year contract

14 Dec 2022 08:00 CET

Astrocast’s bidirectional Satellite IoT solution, utilising the L-Band spectrum,
will complement Wyld Connect and extend Wyld’s capability to offer integrators
and end customers blended IoT connectivity options across the globe.

Lausanne, Switzerland/Cambridge, UK, December 14, 2022, Astrocast, a leading
global nanosatellite IoT network operator, and Wyld Networks (Wyld), a Virtual
Satellite Network Operator, announce today the signature of a multi-year
contract with an ambition to target a joint business of over 200 hundred million
messages. This will extend Wyld Networks’ capacity and coverage to deliver
satellite IoT (SatIoT) data to its customers expanding operations in the most
remote areas of the world.

Astrocast’s SatIoT communication technology is powered by a fully operational
constellation of currently 14 satellites and provides users with data
connectivity in areas where terrestrial coverage does not reach. Data from this
SatIoT network will be transmitted through Wyld Networks’ system for
distribution/connectivity to its end customers’ applications. This approach
complements and extends Wyld’s current satellite IoT offering to clients.

With 85% of the globe lacking terrestrial coverage, Astrocast’s Satellite IoT
solution will provide Wyld’s customers greater coverage in regions that are
typically remote, as well as a scalable solution to blend IoT operations and
application usage across the globe. Notably, Astrocast’s technology is cost
effective for low data-rate use cases; provides bidirectional communication that
allows devices to send commands to/from assets; and ensures that applications
have the capability to last remotely for many years thanks to low power
consumption. These capabilities open the opportunity to develop new use cases in
sectors such as agriculture, energy and logistics.

“The power of IoT to transform business operations is irrefutable,” said
Alastair Williamson, CEO, Wyld Networks. “Millions of sensors and devices are
being added to the Internet of Things and the rate continues to accelerate.
Wyld’s partnership with Astrocast will extend our ability to deliver additional
coverage, use cases and data to businesses of all sizes who will benefit from
the power of Satellite IoT.
“83% of organisations claim improvement in efficiency when introducing IoT
technologies into their businesses correctly. Our partnership with Wyld Networks
represents a step further: to facilitate global IoT access. We’re looking
forward to working together and a prosperous and innovative working
relationship,” adds Fabien Jordan, CEO and Co-Founder, Astrocast.

About Astrocast

Astrocast SA operates a leading global nanosatellite IoT network, offering
services in industries such as Agriculture & Livestock, Maritime, Environment &
Utilities to name a few. The Astrocast network enables companies to monitor,
track, and communicate with remote assets from anywhere in the world. It relies
on superior L-band spectrum through a strategic alliance with Thuraya. In
partnership with Airbus, CEA/LETI and ESA, Astrocast developed Astronode S, an
ultra-low power and miniaturised module compatible with inexpensive L-band patch
antennas. Founded in 2014 by a renowned team of experts, Astrocast develops and
tests all its products in-house, from the satellites to the modules. Astrocast
is listed on Euronext Growth Oslo. For more information visit
www.astrocast.com. 

About Wyld Networks AB

Wyld Networks develop and sell innovative wireless technology solutions that
enable 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


Media Contact, Astrocast
Fatima Vigil
Head of marketing
media@astrocast.com


Media contact, Wyld
Alastair Williamson, CEO Wyld Networks
alastair.williamson@wyldnetworks.com
+44 7 824 997 689

More information:
Access the news on Oslo Bors NewsWeb site

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