Silvair, Inc. announced that it expects to receive PLN 6 million in funding
October 25, 2020
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Silvair, Inc. (WSE:SVRS) announced private placement of 800,000 common shares at a price of PLN 7.5 per share for gross proceeds of PLN 6,000,000 on October 26, 2020.
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. 
