Viper Networks has announced a strategic rebranding effort at Investing.com
TROY, Mich., Jan. 20, 2025 (GLOBE NEWSWIRE) — Viper Networks (OTCPK: VPER ) announced the launch of its strategic branding effort. Among other corporate actions, Viper and its partners adopt the name 0Wire (pronounced zero-wire). 1stPoint Communications’ assets will be divided into two strategic operating companies. A new entity, 0Wire Hosting, operates the company’s technology hosting portfolio. 0Wire Wholesale, a new subsidiary, will focus the company’s wholesale services on new and high-growth opportunities such as 5G roaming and messaging as it continues to develop the wholesale market. Additional subsidiaries operating as 0Wire Energy focus on smart city and renewable energy projects in the United States and Sri Lanka.
“We’ve made this change to better align with the company’s Everything Wireless Telecom+Energy strategy,” said company CEO Eric Levitt. The Everything Wireless strategy consists of five key pillars: over-the-top technologies (OTT), mobility, fixed wireless, smart cities and renewable energy. We continue to see very strong growth in our OTT business and there is industry-wide recognition that we are the leader in the messaging market. “We will continue to develop these technologies as we shift our long-term investment into mobility and fixed wireless,” Levitt said.
Last fiscal year, the company completed the installation of 108 smart poles and Apollo Smart Lights in Sri Lanka’s capital, Colombo. The initial deployment was a pilot project for future, larger and more complex installations. The company’s chairman, Farid Shoukani, said that the management is currently evaluating a series of projects with key players in the market. We look forward to growing the recognition of the 0Wire brand as a market leader in smart city deployments,” added Shouekani.
Selected leadership to initiate the turnaround in the telecommunications division because of its strategic importance and also because of the need for regulatory approval. Due to regulatory requirements, some corporate actions, such as name changes, can take several months to complete. We hope to complete the process at the corporate level in the next three quarters, Levitt added. Management anticipates that this process will continue along with the audit of the Company’s financial statements.
More information about the rebranding effort will be forthcoming in the company’s annual filings and future press releases.
About VIPER NETWORKS, Inc.
Viper Networks is a service provider for telecommunications, smart city and power generation projects. Our Everything Wireless strategy is designed to integrate mobility, fixed wireless, over-the-top (OTT) technologies and smart cities into a single platform that can be deployed in any market globally. For more information, go to www.ViperNetworks.com or follow X (formerly Twitter) on Twitter@vipernetworks.
Forward-looking statements
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Source: Viper Networks, Inc.
