Skip to main content
Story 13 June 2022
Public

Stories: EIC-backed Nestwave wins the 2022 IoT Evolution Asset Tracking Award

banners_2022_nestwave-award.png
Mariana Marques

Nestwave, an EIC-funded company from France, has been awarded last month with the 2022 IoT Evolution Asset Tracking Award from “IoT Evolution” magazine. This recognition was given to ThinTrack – a trademarked Nestwave cutting-edge solution, that works as an ultra-low-profile, compact GPS tracking device. 

 

Without the advanced GPS technologies available nowadays, we would be literally lost. But to have your GPS turned on for a long time will drain your device’s battery. Nestwave presents a pioneering option: ThinTrack uses advanced geolocation technology to create a very compact solution that combines GPS accuracy with a low power consumption that dramatically extends battery life when compared to alternative technologies. Besides its battery-saving ability, Nestwave’s solution also comes in a very small format that can be easily integrated in space-limited designs. 

 

The 2022 IoT Evolution Asset Tracking Award was given to 15 different IoT solutions, including Nestwave’s ThinTrack, by the “IoT Evolution World” and “IoT Evolution Magazine”. The award aims to promote excellence in innovation, through the use of IoT technologies to automate the asset tracking functions that can increase efficiency, reduce theft, or optimise utilization of the asset.

 

Ambroise Popper, CEO of Nestwave, explained to us the importance of being recognised: “This award is proof that the technology developed by Nestwave is serving a real market need. With ThinTrack, you can finally have long battery life in an ultra-thin small GPS tracker. It’s a testimony to the hard work of our teams that created the core IP inside ThinTrack.

 

Nestwave enables the proliferation of IoT geolocation by providing the smallest, most power efficient, lowest component count solutions. The company’s combination of IP and cloud services eliminates the need for conventional GPS/GNSS chipsets and considerably reduces power consumption. They also open the door to the integration of geolocation in applications where power and size limitations would previously have made this impossible. Ultimately, by combining lower power consumption with the use of fewer components, Nestwave’s solutions hope to contribute to environmental sustainability and reduced carbon footprints.

 

Ambroise continued to brief us about what’s still in store for the company: “At Nestwave, we work hard to continuously innovate, so right now we are adding new features to make our technology work in even more challenging environments, including deep indoors, and further extend battery life. We are also in the process of raising a new round of financing, which will allow us to accelerate our development, especially on the sales and marketing side.”.

 

Nestwave received a Phase 2 grant from the European Innovation Council to work on its pioneering solution dedicated to IoT geolocation, with the objective of improving precision in urban canyons, expand indoor coverage and limit power consumption and costs compared to current solutions. 

 

DISCLAIMER: This information is provided in the interest of knowledge sharing and should not be interpreted as the official view of the European Commission, or any other organisation.

Please log in to see comments and contribute