Talkpool launches Nordic IoT Networks
Together with a group of investors Talkpool have founded Nordic IoT Networks (Niot) to secure a rapid roll out of a LoRa network.
This initiative is targeted to meet the increasing customer demand for IoT connectivity fueled by the growing number of IoT projects and sensors deployed.
“LoRa is a low power wide area network radio technology, optimized for very long range and millions of connected devices at low cost. This enables solutions that previously were not economically viable or even possible” says Stefan Lindgren, CTO of Talkpool.
Phase one of the network roll out is already in progress and will provide coverage in the regions of Stockholm, Gothenburg, Malmoe/Lund and Uppsala. Subsequent phases will provide coverage across Sweden, Norway and Denmark.
“The Nordic countries continue to be at the global forefront of the IoT. The average number of connected things per person in the region is expected to be four times as many as in the rest of the world by 2021. We believe that coverage provided by Nordic IoT Networks combined with the collaborative business model will further boost the Nordic IoT market” adds Mats Björs Chairman of the Niot Board.
Niot will build and operate a LoRa network but also cooperate with other network operators to consolidate and extend the network coverage. All network access will however be provided by partners. Talkpool will be the first solution provider and more partner companies are soon to follow.
“We have a lot of interesting projects in our pipeline - soon to be announced and they all need LoRa connectivity concludes” Stefan Lindgren, CTO of Talkpool.
Talkpool will also be a minority owner of Nordic IoT Networks and provide LoRa network expertise and manage the roll out while the investor group will finance the company.
For more information:
CEO Nordic IoT Networks
Talkpool provides IoT solutions and telecommunication network services globally. Through its cutting-edge technical expertise, long experience and agile business model, Talkpool offers global telecom vendors and operators high-quality services on short notice no matter the location. Moreover, Talkpool is one of few companies with actual solutions and contracts in place in the exciting IoT-market. Remium Nordic Holding AB is Talkpool’s Certified Advisor. www.talkpool.com
This information is inside information that Talkpool AG (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17.00 CET on May 21, 2018.