SOURCE: Nwave Technologies

Nwave Technologies

November 03, 2015 14:57 ET

Nwave Technologies Wins Cisco's 2015 "BIG" Award

Innovative IoT Company Awarded $220,000 Prize Package

LONDON, UNITED KINGDOM--(Marketwired - November 03, 2015) - Cisco Systems has selected Internet of Things (IoT) start-up Nwave Technologies as the first-prize winner of the 2015 British Innovation Gateway ("BIG") awards. Six finalist companies, selected from over 200 applicants, competed in the event on October 22 at the National Theater in London. The first-prize was $220,000, including $100,000 cash and $120,000 for services from Cisco's partners, who will be providing marketing, PR, HR and legal assistance.

Accepting the award for Nwave was CEO & Founder, Yury Birchenko, VP of Business Development, Matthew Phillips, and COO/CFO, Paul Peck. Birchenko explained that winning this prize is like "rocket fuel" for the company, "providing huge motivation and vital capital infusion." Birchenko indicated that Nwave will use the cash portion of the prize to help ramp-up Sales and R&D.

Nwave has been in operation for 3 years, with a solid leadership team who are experienced in capital-efficient early-stage ventures. Nwave is currently shipping products that include Sparkit, an IoT solution for monitoring parking spots, as well as agriculture and utility metering systems. Nwave sensor/transceivers can operate on battery power for over 5 years, and its base stations are capable of supporting tens of thousands of sensor/transceivers with up to 5km range in urban environments. The Nwave team has been instrumental in developing the "Weightless" open-source IoT protocol standard, in support of the company's philosophy of interoperability between IoT solutions providers in a true multi-vendor environment.

About Nwave Technologies:

Nwave Technologies is a global IoT start-up with entities in the UK, USA, and Denmark. The company is a leading provider of IoT and M2M solutions, including integrated sensor/transceivers, base station systems, and software. The company's solutions are based on the "Weightless-N" Low Power Wide Area Network (LPWAN) standard, employing an ultra narrow-band (UNB) communications protocol operating in the sub-1GHz spectrum. Nwave's platforms are ideal for high volume smart city applications as well as enabling the use of IoT in areas poorly served by traditional Wi-Fi or cellular data technologies. For more information visit www.nwave.io or contact us at info@nwave.io

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