Wyld Networks and TrakAssure announce partnership in providing terrestrial and satellite loT connectivity for asset tracking solutions in the supply chain.
STOCKHOLM, SWEDEN AND TORONTO, CANADA
Wyld Networks (NASDAO:WYLD), and TrakAssure LLC, will integrate the Wyld Connect hybrid LoRaWAN© satellite loT connectivity solution into their asset tracking loT sensors specifically tailored for the supply chain market. The companies will also leverage their commercial strengths to promote and offer the joint end-to-end solution globally in other complementary loT markets.
TrakAssure leverages specialized loT sensors, scalable and secure customized private and public platform infrastructure to offer enterprise level visibility across the entire and fragmented supply chain providing improved customer experience, operation efficiency, and significant cost savings.
Collecting data from loT sensors creates a significant challenge as traditional wireless networks only cover 15% of the worlds surface. However, Wyld Connect hybrid terrestrial and satellite loT solutions integrated into loT sensors provide connectivity anywhere in the world, leveraging optimum cost-benefit solutions for a range of application requiring high reliability ubiquitous geographical operation.
The process of bringing products from raw materials to retail shelves with as little waste and as much efficiency as possible is a massive challenge for those involved 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 of disruptions. Research from Gartner forecasts that $33 billion will be spent on asset tracking in logistics and supply chain in 2025 globally, up from $10 billion in 2020.
“We are entering a new space race for low-bandwidth satellite loT connectivity and two of the most disruptive applications are global asset tracking and supply chain monitoring. We believe that the combined strengths of Wyld and TrakAssure will allow for augmentation of existing cellular and other WLAN based solutions, and also open markets for dual-mode terrestrial and satellite technologies that are more price sensitive with constrained infrastructure, and all compatible with the same LoRaWAN© terrestrial network that is growing at an exponential rate”, noted Don Miller, Board Member at TrakAssure.
“We are excited that TrakAssure has chosen to integrate Wyld Connect, our satellite loT solution, within their sensors to provide 100% global connectivity”, said Alastair Williamson, CEO Wyld Networks. “This partnership is an extension of the MMIIC Consortium agreement announced earlier this year and we look forward to offering this joint solution to many stakeholders in the global supply chain. We will be promoting our collaboration live at Mobile World Congress in Barcelona at the end of February”, added Williamson.
For further information, please contact:
Alastair Williamson, CEO Wyld Networks
Tel: +44 7 824 997 689
TrakAssure specializes in supply chain loT and smart sensor technologies, offering cost conscious visibility solutions that are tailored to each supply chain need. The company leverages the use of specialized sensors, custom, private and public gateway infrastructure to build visibility across the global supply chain.
For more information: www.trakassure.com
About Wyld Networks AB
Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (loT) and people.
Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.
The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market. Certified Adviser is Mangold Fondkommission AB (tel +46 8-5030 1550, email: email@example.com).
Read more on www.wyldnetworks com