Wyld Networks

Wyld Networks AB is a virtual satellite operator addressing the critical gap in global IoT connectivity. Recognizing that only about 15% of the Earth's surface has terrestrial network coverage, the company provides solutions to connect IoT devices across the remaining 85%. The company was established in Cambridge, UK, in 2016 and is a wholly-owned subsidiary of the publicly traded Wyld Networks AB, listed on the Nasdaq First North Growth Market. The leadership team includes CEO Alastair Williamson, who brought extensive experience from the telecommunications industry when he joined in 2019, and CTO and Co-Founder Gene Myers.

The core of Wyld's business is enabling sensor-to-satellite communication through its suite of products. The primary product, Wyld Connect, consists of hardware modules and terminals that use the LoRaWAN protocol to send data from IoT sensors directly to a constellation of Low Earth Orbit (LEO) satellites. This hybrid solution allows devices to switch seamlessly between terrestrial networks and satellites, ensuring 100% global coverage. Complementing the hardware is Wyld Fusion, a cloud-based software platform for managing and visualizing IoT data from both satellite and terrestrial networks. Wyld Fusion is also offered as a standalone SaaS product.

The company's business model is twofold, mirroring that of a mobile network operator. It generates revenue through the one-time sale of its Wyld Connect modules and terminals, and creates a recurring revenue stream by charging a monthly data subscription fee of up to $5 per connected device. Wyld targets clients in sectors with remote operations, such as agriculture, energy, utilities, supply chain, and environmental monitoring. It has established partnerships with major entities like Eutelsat, Chevron, and Bayer for trials and deployment of its technology. The company is expanding its technological capabilities, having introduced support for S-band and L-band frequencies to offer higher bandwidth and bidirectional communication, thereby broadening its addressable market.

Keywords: satellite IoT, LoRaWAN, LEO satellite connectivity, global IoT network, sensor-to-satellite, remote asset monitoring, M2M communication, LPWAN, Wyld Connect, Wyld Fusion, IoT data services, agriculture technology, energy monitoring, utilities management, supply chain tracking, environmental sensors, hybrid connectivity, IoT modules, IoT terminals, virtual satellite operator