Silvair, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 16, 2021 at 01:02 pm
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Silvair, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 372,000 compared to USD 177,000 a year ago. Operating loss was USD 2.473 million compared to USD 3.725 million a year ago. Net loss was USD 2.609 million compared to USD 3.867 million a year ago.
Silvair Inc. operates in the field of technologies focusing on the Internet of Things (IoT). The Company has developed a technology for wireless communication of devices in mesh topology. It is commercializing its product in the global market in the form of software and services with particular focus on smart lighting systems. It also develops tools that allow the analysis and use of data generated by lighting infrastructure, including both operational data related to the current functioning of the installation (Connected Lighting), as well as data generated by sensors that are part of the lighting infrastructure (Building Intelligence). It offers advanced lighting control firmware for lighting components, including drivers, switches, sensors, and fixture controllers. It provides intuitive apps for standard-compliant Bluetooth mesh lighting networks. Its wireless lighting control technology is designed to provide commercial-grade reliability in professional lighting applications.
SILVAIR, INC. 
