TerraNet delivers unique patented software technology that enables intelligent machine-to-machine communication and streaming of data, including bandwidth-demanding HD media, regardless of mobile networks or other hotspot-dependent networks. Revenue consists of income from cooperation agreements regarding development work.
TerraNet was originally founded with the vision of developing network coverage and bridging the lack of broadband capacity in developing countries. In order to test and develop the most optimal commercial applications for technology, collaborations were initiated with both network operators and mobile manufacturers, including Huawei, Qualcomm and Indian Tata DoCoMo. Several years of intensive research and development resulted in a new world standard of which TerraNet was both the initiator and around which it has built its software platform. The standard Wi-Fi AwareTM adopted in 2015 by Wi-Fi Alliance is being launched by mobile and microchip manufacturers in 2017. This circumstance has accelerated the already growing interest in TerraNet technology.
Today TerraNet is uniquely positioned with patented software algorithms that allow intelligent machine-to-machine communication and streaming of data including bandwidth-high-definition media completely independent of mobile networks or other hotspot-dependent networks. To market the technology and to continue to strengthen the Company, there is a need for additional capital, which is why we are now implementing the Offer. The goal is for the Company’s technology to be integrated into 500 million sensors and devices within three to five years.