Wyld Networks announces new action plan to both accelerate the roll out of its satellite IoT service using L-band satellite coverage and reduce operating costs
Wyld Networks AB ("Wyld Networks" or the "Company") has experienced delays in delivering satellite IoT services to the market. This delay has been caused by the current lack of the required ISM-band satellite coverage from third-party satellite operators to fully meet the needs of our customers’ use cases. Wyld Networks is pleased to announce that the issue with lack of required satellite coverage has been addressed. In Q1 2024 the Company completed the development of a new L-band product using the L-band satellite coverage service from Astrocast which meets the needs of our customers’