Wyld Networks has secured a cash payment of approximately SEK 6.1 million from the UK Government for its R&D activities in 2023. The UK Government acknowledges the significance of developing satellite IoT solutions to address the information gap that many businesses worldwide are currently facing. Wyld’s innovative approach to providing low-cost and low-power global connectivity helps companies improve profitability, reduce costs, and achieve sustainability goals.
Wyld Networks collaborates with a range of partners, from sensor manufacturers to systems integrators and solution providers. These partnerships are delivering practical solutions using Wyld Connect and the Wyld Fusion platform, shaping the future of IoT. Christopher J. Caswell FCA, CFO of Wyld Networks, expressed, “This award demonstrates the UK government’s commitment to rewarding innovative companies. The market for satellite IoT solutions, which addresses the lack of remote connectivity, continues to grow significantly, and Wyld Networks’ technology is at the forefront of meeting this increasing demand.”
Wyld Networks’ recognition by the UK Government highlights the ongoing support for innovation within the UK’s technology sector, reinforcing the importance of developing advanced solutions to meet the growing demands of global connectivity.
Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams. Wyld Networks is uniquely placed to deliver fixed and mobile mesh technology for Smart Cities, Events, Retail, Health and Industrial installations.
