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PARIS, FRANCE, July 17, 2020 /24-7PressRelease/ -- Must, the new matchmaking platform, announced during its IoT trends in 2020 Virtual Exhibition that Nestwave has won Must Award in the category Most Innovative Startup for their geolocation IP and Cloud services for IoT modems and DSP vendors. Nestwave technology dramatically lowers the power and cost of IoT devices with geolocation capabilities, while increasing the accuracy in challenging environments. It enables new types of IoT devices that can add geolocation features while keeping the cost and battery life under control.
IoT trends in 2020 hosted more than 70 exhibitors from all around the world in a 3D/VR environment with individual booths, online conferences and live round tables for 3 days.
"Nestwave technology is a new and unique approach to providing geolocation to IoT devices," said Hanène Maupas, Chief Executive Officer of Must. "Instead of using a dedicated GNSS chipset, they can emulate it directly on existing IoT chipsets. We are thrilled to reward Nestwave as their solution will help massive deployment of geolocation in IoT devices."
Organizations from across the globe submitted their recent innovations for consideration in Must Awards. Nominations were then judged by a select group of business leaders and executives who volunteered their time and expertise to score submissions.
"It's a great honor to receive this award and to see our geolocation IP and Cloud services recognized," said Ambroise Popper, Chief Executing Officer of Nestwave. "We thank Must for innovating in these difficult times with this overwhelming 3D/VR event that helped us showcase our technology and meet new partners and customers."
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