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Https://www.lse.co.uk/rns/DARK/recommended-cash-acquisition-of-darktrace-plc-u8y4qzkiysatb3f.html

Wyld Networks receives first revenue-generating satellite IoT data from Namibia in Africa

Virtual satellite operator Wyld Networks has received its first revenue-generating satellite IoT data from Namibia in Africa.

This is done in collaboration with a South African agritech company that installs moisture sensors in the ground to optimize irrigation and automate agricultural scheduling systems.

"Wirelessly connected agritech sensors deliver qualitative data to provide farmers and agronomists with the granularity they need to make informed decisions and increase efficiency," said Alastair Williamson, CEO of Wyld Networks. "Especially relevant in regions where cellular connectivity isn't always available."

Wyld Networks

@WyldNetworks

·

2h

What an amazing two days at #ConnectedNorth! It was fantastic discussing how our #satelliteIoT connectivity can contribute to projects in the UK and worldwide. Congrats to

@totaltelecom

for putting together such a great event!

Wyld Networks and Prophase Energy have entered into an agreement to use satellite IoT to provide pressure data from Angolan oil and gas wells.

Wyld Networks and Prophase Energy will jointly begin monitoring offshore oil and gas wells to reduce environmental impact.

Angola is one of the 20 largest oil-producing countries and is the second largest after Nigeria in Africa with an oil production of 1.5 million barrels per day in 2022.

With Prophase Energy's knowledge and expertise combined with Wyld Networks' satellite IoT capabilities, it can better meet the increasing demand for IoT data. Prophase Energy focuses on enabling an efficient and safe way to manage production from, among other places, the Gulf of Guinea. They provide various solutions that monitor wells, including integrity management, borehole data collection, and production optimization solutions.

Wyld Networks' range of satellite IoT products, Wyld Connect and Wyld's network management tool, Wyld Fusion, manage the connection from well to end application at all locations to enable Prophase Energy's technology to deliver data.

"We at Wyld are excited to partner with Prophase Energy to facilitate digitalization in the oil and gas sector in Africa," said Alastair Williamson, CEO of Wyld Networks. "Delivering sensor data via satellite from remote infrastructures enables Prophase Energy to deliver better data solutions to energy producers."

The net proceeds of the Placing will be used to provide the Company with funds to invest in Wyld Networks, through the exercise of warrants held by the Company, and to invest further in one or more of Tern's portfolio companies and for general corporate purposes.

So raise £420k spend £33k on warrants, what else are they going to invest in when everything else is fully invested, it can't all be going on wages etc?

At current Wyld prices why are they not piling in?

Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that it has exercised 245,699 TO4 warrants held by Tern in Wyld Networks AB ("Wyld Networks"). Tern will pay SEK 449,629 (approximately £33,400) to exercise these TO4 warrants to subscribe for 245,699 shares in Wyld Networks at SEK 1.83 per share, and this will be funded from Tern's existing cash balances. Tern has sold the remaining TO4 warrants that it held in Wyld Networks.

Prior to the completion of the TO4 warrant exercise, Tern held 22.5%* of Wyld Networks' issued share capital. The subscription period for the in aggregate, 3,839,998 TO4 warrants commenced on 15 April 2024 and will end on 29 April 2024. Following Tern's exercise of TO4 warrants, Tern will hold a total of 4,106,666* shares in Wyld Networks. Assuming that all of the outstanding TO4 warrants are exercised, Tern's holding in Wyld Networks will reduce to 19.6%* and a further announcement regarding Tern's resultant percentage holding in Wyld Networks will be made when the TO4 warrant exercise process is completed.

Further information on Wyld Networks

Wyld Networks, quoted on the NASDAQ First North Growth Market in Stockholm, enables affordable connectivity across the globe in areas where wireless coverage is unavailable. The company specialises in providing wireless connectivity between IoT sensors and Low-Earth-Orbit satellites via its Wyld Connect solution. Wyld's IoT network management platform, Wyld Fusion, can be used in a diverse range of sectors and use cases including energy, utilities, agriculture, logistics, maritime and environmental monitoring.

Based on Wyld Networks' latest unaudited interim report announced by Wyld Networks on 27 March 2024, as at 31 December 2023 it had net assets of SEK 6.684 million (approximately £0.49 million) and incurred a net loss for the 12 month period ended 31 December 2023 of SEK 47.517 million (approximately £3.5 million).

Further information can be found at: https://wyldnetworks.com

* Pursuant to Tern's funding facility announced on 12 June 2023, under which £307,692 is currently drawn down, Tern is required to maintain in escrow shares in Wyld at a value of not less than 1.5 times the value of outstanding amounts drawn down and accrued interest, as security for the Facility.

In

@agrishowoficial

, honors our VP of Sales, André Vale, at the "Innovation, Prose & Business" event.

Discover how our satellite connectivity solution is boosting agriculture, reducing costs, increasing productivity, and promoting sustainability.

Animotive

@Animotive_com

·

Apr 23

‼️In case you missed it‼️ Animotive’s new pricing structure makes it accessible to everyone! 🤩 No restrictions for non-commercial accounts, and the introduction of Indie Tier for small creators and start-ups, for more information click the link in our bio.

The last day of trading with the warrants of series TO4 in Wyld Networks AB is today, April 24, 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS, RUSSIA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Today, April 24, 2024, is the last day of trading with the warrants of series TO4 in Wyld Networks AB (“Wyld Networks” or “the Company”). The subscription period for the warrants of series TO4 runs up until April 29, 2024. Each warrant of series TO4 gives the owner the right to subscribe for one (1) new share in the Company. The exercise price for the warrants of series TO4 is SEK 1.83 per share.

If all the warrants of series TO4 are exercised, the Company will receive approximately SEK 7.0 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than April 29, 2024, or sell the warrants no later than April 24, 2024. Please observe that certain nominees might close their application earlier than April 29, 2024.

Summarized terms for the warrants of series TO4:

Subscription period: April 15, 2024 – April 29, 2024.

Issue size: 3,839,998 warrants of series TO4, which entitles to subscription of 3,839,998 shares. If all warrants are exercised, the Company will receive approximately SEK 7.0 million before issuing costs.

Exercise price: SEK 1.83 per share.

Last day for trading warrants of series TO4: April 24, 2024.

Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 320,410.60, from SEK 1,429,061.47 to SEK 1,749,472.07. If all warrants are exercised the number of shares in the Company will increase with 3,839,998 shares, from 17,126,753 shares to 20,966,751 shares. In the event that all warrants of series TO4 are exercised, the dilution amounts to approximately 18 percent of the number of shares and votes in the Company.

Please note that warrants that are not exercised by April 29, 2024 at the latest, or sold no later than April 24, 2024, will expire without value. For warrants not to lose their value, the holder must actively subscribe for new shares or sell the warrants.

Greenly, renowned climate tech organization and Certified B Corp, recognizes FundamentalVR's commitment to sustainability and carbon reduction efforts over the past 3 years.

Published April 22, 2024

Boston, MA – April 22, 2024 – Today FundamentalVR, proudly announced that it has been awarded the esteemed Bronze Certification by Greenly, a reputable organization renowned for its expertise in assessing corporate climate performance and digital carbon footprints. As a global leader in immersive surgical training, FundamentalVR is delighted to receive this recognition, which acknowledges its commitment to sustainable practices and significant efforts to address climate challenges.

Receiving the Bronze Certification is a significant accomplishment for FundamentalVR, as it demonstrates that they are among the top 30% of evaluated companies in terms of their commitment to transparency regarding emissions and efforts to reduce them. This certification serves as proof of FundamentalVR’s responsible approach towards carbon management and their dedication to creating a more environmentally-friendly future.

To obtain this Certification, FundamentalVR calculated their carbon footprint, scope 1,2,3 and published it on the ADEME/CDP.

“We at FundamentalVR are thrilled to have been awarded the Bronze Certification by Greenly. This recognition confirms our ongoing commitment to integrating sustainability practices in all aspects of our operations. We remain dedicated to decreasing our carbon footprint and advocating for a more environmentally-friendly business environment.”

Derek Nicholson, Operations Director at FundamentalVR

Greenly carefully evaluates a company’s carbon footprint, climate strategies, and eco-friendly initiatives to certify its sustainability. FundamentalVR is proud to have received the Bronze Certification, which recognizes its impressive performance in these areas. This certification confirms that FundamentalVR is committed to international climate goals and the objectives of the Paris Agreement.

Receiving the Bronze Certification is a significant milestone for FundamentalVR, as it reflects the integration of environmental responsibility into its core values and practices. The recognition also highlights FundamentalVR’s transparency and accountability, setting an example for other businesses to follow suit.

Joining a select group of enterprises dedicated to advancing global sustainability goals, FundamentalVR is motivated to continue innovating and leading positive change in its industry and beyond. The Bronze Certification serves as a reminder of the importance of sustainability and the impact businesses can have on the world.

Up to 6 months before revenue come through all these deals but as recent announcements have stated they are arriving and given that its a snowball gaining speed with data fusion the next few years could well be very exciting for Wyld

Wyld Networks partners with Alagro to implement satellite IoT monitoring of coffee farms in the world's largest coffee-producing country - Brazil!

Wyld Networks will implement sensor-to-satellite solutions to measure soil on coffee farms in Brazil, the world's largest coffee-producing country, enabling the optimization of water management leading to increased yields, reduced costs, and improvements in the sustainability of the farms.

Brazil stands as the unrivalled titan of global coffee production, accounting for one-third of the world's supply. In 2023, Brazil produced 54.7 million 60kg bags of coffee and this production employs around 3.5 million people, mainly living in rural areas.

Alagro is an agribusiness academy that connects agribusiness technology with agriculture, livestock farming, cooperatives, associations, and agro-industries. With Brazil as a leading exponent in food production and exports, Alagro aims to meet the challenges of food security with a vision to take Brazil to the year 2050, where the country could lead the planet's food production.

"We are extremely pleased to be able to offer Wyld's satellite IoT solutions to the world's largest coffee-producing nation alongside Alagro," said Alastair Williamson, CEO of Wyld Networks. "With our ability to provide invaluable data to customers, we can help improve their coffee farming productivity."

April 18, 2024

KeyScaler-as-a-Service named IoT Security Product of the year by IOThinkTank

Device Authority’s KeyScaler-as-a-Service solution has been named the winner of IoThinkTank’s IoT Security Product of the Year in its Best of 2023 Awards.

As the premier hub for recognizing excellence in the Internet of Things (IoT), IoThinkTank’s awards highlight the creativity, innovation, and dedication of leaders within the IoT ecosystem.

Commenting on this year’s winners, organizers said “They have set new benchmarks in their respective categories, demonstrating exceptional contributions to the advancement of IoT technology and its applications.”

Device Authority CEO, Darron Antill added, “We are delighted to have won this award which is the latest in a series of accolades, recognising the advancements to IoT security that have been made possible by our KSaaS solution.

“We are continuing to see many enterprise organizations turning to KSaaS as a way of automating their manual security processes, eliminating human error and accelerating response times, all in a scalable way and without the need for investment in infrastructure or internal expertise thanks to the SaaS delivery model.

“This award is testament to the hard work and dedication that comes from our entire team as we continue to innovate to ensure our solution tackles the new and emerging cybersecurity threats facing organizations globally.”

Wyld Networks receive first satellite IoT-data from the IoT-company Net Reply in Italy

Virtual satellite operator Wyld Networks have received its first satellite IoT-data from Italy. Moving forward this data is revenue generating. Net Reply are part of the Reply SPA conglomerate focused on network innovation within infrastructure, based in Italy, the UK, and the US with revenues of over Euro 2 billion in 2023.

Revenue in the Italian Internet of Things (IoT) market is expected to show an annual growth rate (CAGR 2024-2028) of 9.34%, resulting in a market volume of US$32.73bn by 2028. However, lack of coverage for sectors such as utilities, energy and agriculture is holding back IoT adoption in non-urban settings. Wyld Networks and Net Reply are addressing this gap by combining Wyld’s satellite IoT connectivity with Net Reply’s extensive IoT ecosystem.

Net Reply develop solutions focussed on network innovations and are based in Italy, the UK and the US. They support customers facing network challenges associated with digital transformation by defining, trialling and commercializing IoT solutions and delivering IoT data to increase productivity, environmental sustainability and energy efficiency.

IoT technology plays a pivotal role in realizing objectives such as waste reduction, preservation of water and natural gas resources, and the efficient utilization and distribution of safe energy. These devices empower industries to access difficult to reach data, to remotely manage utilities, and to prevent leakages. Beyond these functions, IoT technologies also enhance utility management efficiency, bolster safety measures, and mitigate human-induced environmental impacts.

“Mass deployment of IoT sensors and devices in Europe continues its rapid growth,” said Alastair Williamson, CEO of Wyld Networks. “We are delighted to be receiving data from Italy for our partners at Net Reply as we look specifically at monitoring utilities assets at scale.”

Net buys days have little impact as per usual

Net sells days prompts the MMs to move the price down by double digits

Crooked market as per usual

Richard Vincent, Co-Founder and CEO of FundamentalVR to speak at MDIC MXR and unpack immersive VR's impact on clinical deployment and operationalization.

Published April 16, 2024

BOSTON, MA – April 16 , 2024 – FundamentalVR, global leader in immersive surgical training, is pleased to announce that co-founder and CEO Richard Vincent will take the stage at MDIC MXR 2024. Held at the College Park Marriott Hotel & Conference Center in Hyattsville, MD, on April 17th-18th, the conference will convene leaders in Augmented/Virtual/Mixed reality (AR/VR/MR) who are focusing on healthcare applications.

During his session, “MXR Training & Education – MDIC Presentation / Clinical Deployment & Operationalization: Training, Education & Simulation,” Vincent will highlight the immense value of VR environments and haptic technology in facilitating product development through digital twins, skills development, and transfer. He will explore how these technologies enable medical device manufacturers to improve access, accelerate product adoption, and address the competency gap in training for intelligent operating rooms. Vincent will also explore the ever-growing body of scientific evidence that highlights the advantages of VR compared to traditional training methods across various specialties. Attendees will gain insights into real-life case studies showcasing companies that have successfully implemented immersive VR training, resulting in improved patient care and demonstrating significant return on investment (ROI).

“I’m honored to speak at MDIC MXR 2023, and I’m excited to share insights into how immersive VR technology is shaping the future of healthcare. Through precision simulation, digital twins, and skills development, we’re empowering medical device manufacturers to accelerate innovation and improve patient care.”

Richard Vincent, Co-Founder and CEO at FundamentalVR

Event Details:

MXR Training & Education – MDIC Presentation / Clinical Deployment & Operationalization: Training, Education & Simulation

Wednesday, April 17th, 2024 | 1:30pm – 3:00pm EST

College Park Marriott Hotel & Conference Center, Hyattsville, Maryland

Speakers:

Madeleine Keehner, Brighter Research, Principal Scientist and Chief Consultant

Rishi Reddy, Professor, Section of Thoracic Surgery, Department of Surgery, Chair, University of Michigan-Comprehensive

Danny Goel, PrecisionOS, CEO – PrecisionOS and Clinical Professor, UBC Department of Orthopedic Surgery

Richard Vincent, FundamentalVR, CEO & Co-Founder

They are robbing shareholders blind it feels

17 Apr 2024, 7:45 GMT+1 , Company Announcement / Press release (Regulatory)

Major shareholders, members of the board of directors and members of the executive management intend to exercise their warrants of series TO4 in Wyld Networks AB

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS, RUSSIA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Wyld Networks AB (“Wyld Networks” or the “Company”) hereby announces that major shareholders in the Company, and members of the board of directors and management that hold warrants, have informed the Company that they intend to exercise all their warrants of series TO4. This corresponds to an investment of approximately SEK 2.2 million, corresponding to approximately 30.9 percent of the total amount of outstanding warrants of series TO4. The subscription period for the warrants of series TO4 is currently ongoing and will continue up until April 29, 2024.

“We are delighted that these long-term shareholders continue to support Wyld Networks as we launch the satellite IoT network service.”, said Alastair Williamson, CEO of Wyld Networks.

Wyld Networks has received non-binding commitments that the following warrant holders intends to exercise their warrants privately, through related parties or through company:

Shareholder

Role in the Company

Number Of TO4

SEK

Philip Andersson

360,000

658,800.00

Jonathan Swann

344,847

631,070.01

Tern PLC

295,699

541,129.17

Michael Russell

72,562

132,788.46

David Martin

52,971

96,936.93

Stewart Rough

18,750

34,312.50

Alastair Williamson

CEO

13,536

24,770.88

Bruce Leith1

9,739

17,822.37

Ian Ritchie1

8,571

15,684.93

Mats R Andersson

Board Member

4,486

8,209.38

Mats L Andersson

Chairman of the Board

4,025

7,365.75

Chris Caswell

CFO

2,142

3,919.86

Total

 

1,187,328

2,172,810.24

1 Board of directors and members of the executive management at Tern PLC

If all the warrants of series TO4 are exercised, the Company will receive approximately SEK 7.0 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than April 29, 2024, or sell the warrants no later than April 24, 2024. Please observe that certain nominees might close their application earlier than April 29, 2024.

Summarized terms for the warrants of series TO4:

Subscription period: April 15, 2024 – April 29, 2024.

Issue si

Https://www.deviceauthority.com/blog/driving-security-integrating-automotive-cybersecurity-with-the-iot-landscape-through-wp-29-standards/

15 Apr 2024, 7:30 GMT+1 , Company Announcement / Press release (Non-Regulatory)

Wyld Networks launch new Wyld Connect satellite IoT product in L-band spectrum adding additional USD 1.1 billion to Wyld’s total addressable market

Wyld Networks’ new Wyld Connect product for L-band supports 2-way data communications and allows Wyld to develop new use cases and expand their addressable market from USD 4.3 billion to USD 5.4 billion in 2028.

Wyld Networks L-band end to end satellite IoT service uses Swiss based Astrocast’s low earth orbiting satellite constellation. This new bidirectional and comprehensive satellite Internet of Things (IoT) service focusses on tackling global connectivity challenges for industries such as agriculture, energy, utilities, maritime and environmental monitoring. Wyld Networks’ L-band solutions enable connectivity for sensors and devices and are already being deployed in Europe, Middle East, Africa and Asia Pacific.

L-band is the radio spectrum from 1 to 2 gigahertz (GHz). The new L-band product supports 2-way communications opening up multiple new use cases. Wyld Networks already supports satellite IoT in the ISM band and launched S-band products in early 2024 and now with the addition of L-band products the company solidifies its position as a full satellite IoT service provider for multiple spectrum and multiple industry sectors.

Wyld Networks first deployment of L-band products is in Australia with PLF. This is already generating data for soil moisture applications.

Further deployments with identified customers are scheduled for May in Africa and Europe.

“We are delighted to be deploying the new Wyld Connect product in the L-band,” said Alastair Williamson, CEO Wyld Networks. “Our satellite partner Astrocast has already deployed 18 low earth orbiting satellites providing excellent global coverage for the Internet of Things. The L-band increases Wyld’s overall addressable market to approximately USD 5.4 billion and increases the number of use cases we can target specifically with the 2-way communications.”