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Wyld Networks receives its first order of SEK 0.2 M regarding an order in the energy sector from EAT

Wyld Networks receives its first order of SEK 0.2 M regarding an order in the energy sector from EAT, a reseller in Peru, with further new projects and expansion orders expected from EAT in 2024.

EAT (Energy Automation Technologies) is a new reseller for Wyld Networks based in Peru that delivers IoT solutions to several customers in the energy sector. This is the first initial order for the first project in a new area for Wyld. Delivery will take place in April 2024 and after that orders will be received for both the delivery of the data that has been collected and for Wyld Fusion, which is the platform where collected data can be managed.

Wyld Networks expects several new orders for IoT terminals, data services and the Fusion platform from EAT as they continue to market and implement Wyld Networks solutions with their existing and new customers. EAT offers its customers solutions for managing energy consumption and telemetry in electricity, gas and water in areas where IoT coverage is lacking. By offering Wyld Networks satellite IoT solutions, EAT can now offer 100% coverage for IoT connectivity.

“We are delighted to announce the receipt of this first purchase order from our reseller EAT. Wyld’s technology solves many connectivity issues in the energy environment, where operators are seeking increased digitization of fixed assets to maximize efficiency and meet sustainability targets,” said Alastair Williamson, CEO of Wyld Networks. “As a reseller, EAT placed their first order for their first deployment and they expect a larger number of projector orders during the year.”

For further information, please contact

Alastair Williamson, CEO Wyld Networks

Email: alastair.williamson@wyldnetworks.com

Phone: +44 7 824 997 689

About Wyld Networks AB

Wyld Networks develops and sells innovative wireless technology solutions that enable affordable connectivity anywhere in the world and solve the problems faced by businesses and people in the lack of global mobile network coverage. The solutions are primarily focused on wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was established in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

Wyld Networks’ share (WYLD) is traded on the Nasdaq First North Growth Market. Certified adviser is Mangold Fondkommission AB (tel +46 8-5030 1550, e-mail ca@mangold.se).

Read more at www.wyldnetworks.com