Wyld Networks announce launch of satellite IoT network service

Wyld Networks is officially launching its pioneering satellite IoT network service that provides 100%, global connectivity for the Internet of Things. Wyld have established agreements with over forty launch partners along with a SEK 34 million backlog of purchase orders for its Wyld Connect IoT module and data service.

Only 15% of the world’s surface has access to the internet. According to McKinsey, it is this lack of global connectivity that is holding back the growth of the internet of things from adding US$ 2-3 trillion to the global GDP over the next ten years.1 Wyld Connect solves this problem by allowing business and governments to connect their IoT devices anywhere in the world using Low Earth Orbit (LEO) satellites.  This has significant positive upsides for agriculture, the environment, supply chain, and the energy and utilities sectors.

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.

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