TROY, Mich., Jan. 20, 2025 (GLOBE NEWSWIRE) — Viper Networks (OTCPK: VPER) introduced the start of its strategic rebranding effort. Amongst different company actions, Viper and its subsidiaries will undertake the identify 0Wire (pronounced Zero-Wire). The property of 1stPoint Communications might be break up into two strategic working firms. The present entity might be renamed 0Wire Communications and function the corporate’s key telecommunications property in each the US and the Jap Caribbean. A brand new entity, 0Wire Internet hosting, will function the corporate’s expertise internet hosting portfolio. 0Wire Wholesale, a brand new subsidiary, will refocus the corporate’s wholesale providers on newer and better progress alternatives equivalent to 5G roaming and messaging, whereas persevering with to develop the wholesale voice market. Further subsidiaries, operated as 0Wire Power, will deal with sensible metropolis and renewable power initiatives in the US and Sri Lanka.
We’ve got undertaken this rebranding effort with the intention to higher align with the corporate’s All the things Wi-fi Telecom+Power technique, stated Erik Levitt, the corporate’s CEO. The All the things Wi-fi technique consists of 5 key pillars: Over-the-High Applied sciences (OTT), Mobility, Mounted Wi-fi, Sensible Metropolis and Renewable Power Technology. We proceed to see very robust progress in our OTT enterprise and there may be industry-wide recognition that we’re a pacesetter within the messaging market. We’ll proceed to develop these applied sciences whereas we shift longer-term funding towards mobility and stuck wi-fi, stated Levitt.
Over the last fiscal 12 months the corporate accomplished the deployment of 108 sensible poles and Apollo sensible lights within the capital metropolis of Sri Lanka, Colombo. The preliminary deployment was a pilot mission for future, bigger, and extra complicated installations. Administration is now evaluating follow-on initiatives with key constituents out there, stated Farid Shouekani, the corporate’s Chairman. We look ahead to rising the popularity of the 0Wire model as a market chief in sensible metropolis deployment, added Shouekani.
Administration elected to start the rebranding effort with the telecommunications division due to its strategic significance in addition to the dearth of a necessity for regulatory approvals. Resulting from regulatory necessities, sure company actions, equivalent to identify modifications, can take a number of months to finish. We hope to finish the method on the company stage throughout the subsequent three quarters, added Levitt. Administration anticipates that this course of will proceed alongside the corporate’s audit of its monetary statements.
Additional data on the rebranding effort might be forthcoming within the firm’s annual filings in addition to future press releases.
ABOUT VIPER NETWORKS, INC.
Viper Networks is a service supplier of telecommunications, sensible metropolis and power era initiatives. Our All the things Wi-fi technique is designed to combine mobility, fastened wi-fi, over-the-top (OTT) applied sciences and sensible cities right into a single platform that may deployed in any market globally. For extra data go to www.ViperNetworks.com or comply with on X (previously Twitter) Twitter@vipernetworks.
Ahead Trying Statements
This press release accommodates projections and different forward-looking statements concerning future occasions or our future monetary efficiency. All statements apart from current and historic info and circumstances contained on this launch, together with any statements concerning our future outcomes of operations and monetary positions, enterprise technique, plans and our targets for future operations, are forward-looking statements (inside the which means of the Non-public Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended). These statements are solely predictions and replicate our present beliefs and expectations with respect to future occasions and are primarily based on assumptions and topic to danger and uncertainties and topic to vary at any time. We function in a really aggressive and quickly altering surroundings. New dangers emerge sometimes. Given these dangers and uncertainties, you shouldn’t place undue reliance on these forward-looking statements. Precise occasions or outcomes might differ materially from these contained within the projections or forward-looking statements. Ahead-looking statements on this launch are made pursuant to the secure harbor provisions contained within the Non-public Securities Litigation Reform Act of 1995.
Media/Investor Relations Contact: SAG Fairness Group / 407.444.5959
Supply: Viper Networks, Inc.