A globally significant announcement from our portfolio company Wirepas who have seen their world first non-cellular 5G technology standard recognised by the International Telecommunication Union’s Radiocommunication Sector (ITU-R) and included as part of the 5G standards in IMT-2020 technology recommendation.
The new IoT standard brings 5G to the reach of everyone as it lets any enterprise set up and manage its own network autonomously with no operators anywhere in the world. It eliminates network infrastructure, and single point of failure – at a tenth of the cost in comparison to cellular solutions.
“Why should cutting-edge connectivity be optimized for a selected few? Why should only the few benefits from technology mastery and collect profits? We believe latest technology made affordable is the foundation of a more egalitarian business environment, a more egalitarian world. Wirepas opened its revolutionary mesh technology to everyone and the resulting new 5G IoT standard has been built ground up so that anyone, even small and mid-size companies, can afford and understand it. This is the first technology that can cost-efficiently connect millions of devices. It’s the first step towards digitalization for masses with much more to come”, says Teppo Hemiä, CEO of Wirepas.
Read more about Wirepas and their ground-breaking work HERE.