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BOULDER, Colo., Sept. 06, 2018 (GLOBE NEWSWIRE) -- FreeWave Technologies, the leader in Industrial Internet of Things (IIoT) wireless connectivity and edge computing, today announced that it has successfully completed a transaction redeeming the shares of its private equity investor. As a fully private company, FreeWave is poised for further growth in the IIoT market.
New CEO Kirk Byles will lead FreeWave through its next phase of innovation and growth. An accomplished sales executive who joined FreeWave in 2016 and formerly served as Vice President of Worldwide Sales, Byles has successfully led business development and was largely responsible for 21% sales growth in the past two years across FreeWave’s global markets.
“FreeWave is well positioned to take advantage of the rapidly growing IIoT market,” said Kirk Byles, CEO of FreeWave. “We have a solid foundation with our new programmable Zumlink radio platform and recently introduced new products that address our customers’ needs in edge computing. This transaction maintains our financial flexibility to quickly react to opportunities in the marketplace.”
FreeWave will be showcasing its Zum product lines at Inductive Automation’s 2018 Ignition Community Conference in Folsom, California on September 17-19.
About FreeWave Technologies
FreeWave Technologies (freewave.com) is a leading provider of wireless Machine to Machine solutions that deliver reliable access to data for leading companies in the Industrial Internet of Things markets. As the No. 1 provider of wireless IIoT to the oil and gas industry, FreeWave’s fast, flexible and easy-to-deploy solutions streamline connectivity over long distances to also create significant operational efficiencies for government and defense, UAV/Drone, precision agriculture, original equipment manufacturers, energy and smart grid networks, municipalities and more. With 25 years of experience in the M2M market and millions of radios deployed in the field, customers repeatedly turn to FreeWave to maximize their value in connecting M2M devices to optimize real-time decision making.