Wyld Networks receives payment from UK Government for Satellite IoT development

Wyld Networks has received a cash payment of approximately SEK 6.3 million from UK Government for R&D activities. This is in addition to the SEK 4.3 million received in April this year.

The UK government recognizes the importance of development in satellite IoT solutions to bridge the information gap currently challenging many businesses globally. Wyld’s disruptively low-cost and low-power global connectivity allows companies to increase profitability, reduce costs and meet sustainability goals.

From sensor manufacturers to systems integrators and solution providers, our partners are delivering solutions for the real-world using Wyld Connect and the Wyld Fusion platform to shape the future of IoT.

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. 

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