6.3 million Wyld payment from UK Gov!10 Aug 2023 13:55
Good news keeps stacking up 6.3 million announced - no small change everyone wants to work with us! IMHO GLA
‘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.
“This award demonstrates the UK governments commitment for rewarding innovative companies,” said CFO of Wyld Networks, Christopher J. Caswell FCA. “The market for satellite IoT solutions focusing on solving the lack of remote connectivity is growing significantly and we are eminently positioned to fulfil that demand.”‘