Wyld and TrakAssure Form Partnership to Deliver LoRaWAN Satellite-Based Global IoT Connectivity for Asset Tracking Solutions

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Wild networks and TrakAssure announce partnership to provide terrestrial and satellite IoT connectivity for supply chain asset tracking solutions.

STOCKHOLM, SWEDEN AND TORONTO, CANADAFebruary 22, 2022 Wild networks (NASDAQ:WYLD), and TrakAssure LLC, will integrate the Wyld Connect hybrid LoRaWAN© satellite IoT connectivity solution into their purpose-built asset tracking IoT sensors for the supply chain market. The companies will also leverage their business strengths to promote and offer the joint end-to-end solution globally in other complementary IoT markets.

TrakAssure leverages specialized IoT sensors, custom, scalable, and secure private and public platform infrastructure to deliver enterprise-level visibility across the entire fragmented supply chain, delivering customer experience improved, operational efficiency and significant cost savings.

Collecting data from IoT sensors creates a significant challenge because traditional wireless networks cover only 15% of the world’s surface. However, Wyld Connect’s hybrid terrestrial and satellite IoT solutions integrated with IoT sensors provide connectivity anywhere in the world, leveraging cost-benefit optimal solutions for a range of applications requiring high-reliability ubiquitous geographic operation.

The process of getting products from raw materials to retail shelves with the least amount of waste and the most efficiency possible is a significant challenge for players in the global supply chain. However, chip shortages and lean manufacturing practices have pushed the supply chain to its limits, making it vulnerable to even the smallest disruptions. Gartner research predicts that $33 billion will be spent tracking assets in logistics and supply chain in 2025 globally, compared to $10 billion in 2020.

“We are entering a new space race for low-bandwidth satellite-based IoT connectivity and two of the most disruptive applications are global asset tracking and supply chain monitoring. We believe the combined strengths of Wyld and TrakAssure will enable augmentation of existing cellular and other WLAN-based solutions, as well as open markets for dual-mode terrestrial and satellite technologies that are more price-sensitive with constrained infrastructure, and all compatible with the same terrestrial network. LoRaWAN© which is growing at an exponential rate,” noted Don Millermember of the TrakAssure Board of Directors.

“We are delighted that TrakAssure has chosen to integrate Wyld Connect, our satellite-based IoT solution, into its sensors to provide 100% global connectivity,” said Alastair WilliamsonCEO Wild networks. “This partnership is an extension of the MMIIC Consortium announced earlier this year and we look forward to bringing this common solution to many players in the global supply chain. We will be promoting our collaboration live at Mobile World Congress in Barcelona end of February,” added Williamson.

For more information, please contact

Alastair WilliamsonWyld Networks CEO
Tel: +44 7 824 997 689
Email: [email protected]

On Wyld Networks AB

Wild networks develops and sells innovative wireless technology solutions that enable affordable connectivity anywhere in the world, addressing the concerns of businesses and individuals regarding the lack of global mobile network coverage. The solutions are primarily aimed at wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, United Kingdom in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

the Wild networks (WYLD) trades on the Nasdaq First North Growth Market. The Certified Advisor is Mangold Fondkommission AB (tel. +46 8-5030 1550, e-mail [email protected]).

Learn more at www.wyldnetworks.com

https://news.cision.com/wyld-networks/r/wyld-and-trakassure-form-partnership-to-offer-global-lorawan-satellite-based-iot-connectivity-for-as,c3511715

https://mb.cision.com/Main/20640/3511715/1538829.pdf

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