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Golden Saint Tech Ld - GST becomes Smart Virtual Fiber distributor

RNS Number : 3441J
Golden Saint Technologies Limited
04 December 2018
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD VIOLATE THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014

 

For immediate release                                                                                                                           4 December 2018

 

Golden Saint Technologies Limited

("GST" or the "Company")

 

GST appointed as distributor for P2 Wireless

Smart Virtual Fiber® Wireless Mesh solutions

 

GST, an integrated information and communication technology infrastructure solutions provider, is pleased to announce that it has been appointed as a distribution, marketing, sales and services partner to P2 Mobile Technologies Limited ("P2 Wireless").

 

Pierre Fourie, Managing Director of GST commented:

"As mentioned in the latest issue of the Vox Markets IPO Watch Magazine1, we are working to provide new technology solutions to our clients. We will initially focus on Wireless Mesh sales opportunities in four territories in Southeast Asia - Singapore, Cambodia, Vietnam and Myanmar - while assessing the potential markets in other countries. This enables GST to provide Smart Virtual Fiber® Wireless Mesh solutions to its current and future clients, as part of our overall sustainable value creation strategy focus."

 

The P2 Wireless Mesh technologies are fast and competitively priced (compared to similar products). The Directors believe that it addresses the Smart City market need for rapidly deployable, inexpensive, convenient and fast Wi-Fi internet infrastructure, and the Safe City market need for 4k high definition security cameras, Wi-Fi coverage in urban and congested areas where installing new cables would be expensive and disruptive. Hence its other name - Smart Virtual Fiber®. The P2 Wireless technologies are also strong candidates to provide the 'last mile' high-speed internet access that many customers in urban, rural, and hard-to-reach areas such as bridges and ports, are seeking.

 

According to Zion Market Research's "Wireless Mesh Network Market by Mesh Design" report2, the global market for Wireless Mesh technologies is going to grow from the current c. USD4bn to a projected USD9bn annual turnover by 2024.

 

GST has over two decades' experience in installing wired and wireless internet technologies from its Singapore base.

 

Garies Chong, CEO of GST and BICSI Southeast Asia District Chair, recently chaired the 2018 BICSI Southeast Asia conference in Singapore on 'Smart Innovations: Infrastructure to Empower Future Technologies'. He comments:

"Through BICSI and other associations, we have good contacts with local ICT installers and system integrators throughout the region.  This means it is straightforward for GST to reach out to active local partners in the Southeast Asia territories, and to quickly identify and execute on local Wireless Mesh sales opportunities."

 

The directors believe the agreement between GST and P2 Wireless will improve the range of technologies GST can offer to clients in the region and internationally, creating more value for shareholders.

 

More information at www.goldensaint.com/media/  

 

Notes

1.

www.voxmarkets.co.uk/ipo-watch/

2.

"Global Wireless Mesh Network Market by Mesh Design (Infrastructure Wireless Mesh and Ad-Hoc mesh), by Radio Frequency (Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, and 5 GHz Band), for Application (Oil & Gas Industry, Video Streaming and Surveillance, Disaster Management and Public Safety, Smart Mobility, and Others) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024", Zion Market Research, July 12 2018.

3.

Smart Virtual Fiber® is a registered trademark of P2 Wireless

 

 

About GST

GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 28 years. GST's strategy is to develop solutions to meet the needs of the ICT industry, acting on the surging opportunities in the technology and innovation sectors - Data Centres, Intelligent Buildings, Smart Cities and the Internet of Things - and particularly targeting emerging markets where the demand for ICT infrastructure is rapidly increasing. For more information: www.goldensaint.com 

 

About P2 Wireless

P2 Wireless is a leading wireless mesh technology company offering flexible and expandable network solutions for bandwidth-demanding applications and mission-critical infrastructures. P2 Wireless revolutionized the way devices are connected. MeshRanger, their flagship product, is engineered with the patented MeshInfinity Technology to create "Smart Virtual Fiber®" that eliminates the constraints of extensive fiber optic cabling and facilitates easy and rapid deployment. P2 Wireless' flexible mesh architecture provides high bandwidth, low latency, and self-healing connection that meets the most demanding connectivity requirements. P2 Wireless' wireless mesh network is crafted for simple setup and robust transmission almost anywhere.

 

ENDS

 

 

Enquiries

 

The Company

 

 

Pierre Fourie, Managing Director

London

+44 20 7097 8926

 

Australia

+61 8 6189 8531

Tone Goh, Executive Chairman

Singapore

+65 6444 2988

 

 

 

Investor Relations

 

 

Cassiopeia - Stefania Barbaglio

London

+44 7949 690 338

 

 


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