Innovative IoT Systems enables precision
agriculture by improving efficiency, sustainability, and yields for
Hoosier farmers
Veea Inc. (NASDAQ: VEEA), a first-to-market pioneer in
hyperconverged multiaccess platform products for edge-cloud
computing and communications, has partnered with Mainstream Fiber
Networks, Microclimates Inc., and AmeriCrew LLC to deploy Climate
Smart Agriculture solutions at Cyr Farm in Fowler, Indiana. The
installation of the Veea’s Edge Platform’s connectivity technology
is aimed at improving resource management, sustainability, and
productivity in farming operations.
“We’re excited to collaborate with industry leading partners on
this groundbreaking project,” said Norb Cyr at Cyr Farm. “The
expected improvements in energy efficiency, water conservation, and
yield maximization will allow us to push the boundaries of
sustainable farming. We’re looking forward to seeing how these
technologies will transform our operations.”
Veea’s high-speed Wi-Fi connectivity and long-range wide-area
network (LoRaWAN) will enable Cyr Farm to remotely monitor and
control all aspects of farm management across the outdoor compound,
including hyperlocal weather information, soil composition, grain
elevators and bins humidity and storage levels. Leveraging
precision agriculture practices that use real-time data from soil
sensors, irrigation systems, and weather monitoring tools, can
yield significant benefits compared to conventional farming and
irrigation practices, including:
- 20%-plus improvement in crop yields
- up to 30% reduction in energy consumption
- up to 40% reduction in water usage, with mitigated flooding
risk
- 20-40% cost savings in labor-related expenses
Mainstream Fiber will provide the high-speed, reliable fiber
broadband network necessary to implement and access Veea’s
infrastructure. Their connectivity solution ensures that Cyr Farm
will have the capacity to run real-time monitoring and control
systems, regardless of weather conditions or other external
factors.
“Pairing other technology companies, like Veea and
Microclimates, with Mainstream Fiber’s best-in-class broadband
infrastructure will help agricultural businesses in Indiana promote
the state’s rural economic growth,” said Bryan Gabriel, CEO of
Mainstream Fiber Networks. “These partnerships will continue to
make strides for residents and businesses, connecting a vast array
of products and services that help build a better future for
Hoosiers.”
Microclimates’ dashboard solution is designed to provide a
universal control system that can automate the different climate
control, lighting, and irrigation systems, thus reducing costs,
maximizing efficiency and increasing crop value — all of which are
essential for staying competitive. The Veea Edge platform
seamlessly supports Microclimates environmental automation
solution. Leveraging the enterprise-level computing and
connectivity capabilities of VeeaHubs, this combination provides a
comprehensive and reliable solution for indoor farming
automation.
“We’re proud to support the growth of smart agriculture in
Indiana by deploying advanced connectivity solutions,” said Neda
Vaseghi, CEO and co-founder of Microclimates. “Our commitment is to
empower farmers with the tools they need to thrive in a rapidly
evolving agricultural landscape.”
Veea has designed its precision agriculture solution with the
farmer in mind, ensuring that each component is advanced,
accessible, and user-friendly. From intuitive control dashboards to
seamless integration with various farming sensors and devices,
every aspect of the Veea solution is crafted to enhance the farming
experience.
“We are committed to improving lives in rural communities by
enhancing farming techniques through new, smart technology
solutions,” said Allen Salmasi, Veea’s CEO and founder. “This
project demonstrates how our edge computing products can drive
greater efficiency and sustainability in agricultural yields, while
also mitigating risks. It is an exciting step toward the future of
farming.”
AmeriCrew, the installation partner for this deployment,
specializes in building and upgrading the nation’s critical
infrastructure — fiber, wireless and clean energy, specifically. As
a leading employer of veterans, it seeks to build out US
infrastructure, while building up those who have served it.
See Veea’s website for more information on how this partnership
is shaping the future of smart farming, and to learn how you can
integrate these agricultural innovations into your own
operations.
About Veea
Veea Inc. (NASDAQ: VEEA) based in New York, New York is a
provider of edge computing and communications devices (our
“VeeaHub®” devices), applications and services hosted on its edge
Platform-as-a-Service (“ePaaS”). Veea Edge Platform™ is an
end-to-end platform that is both locally- and cloud-managed.
VeeaHub→ products are converged computing and communications (i.e.,
hyperconverged) indoor and outdoor devices, about the size of a
Wi-Fi Access Point , that provide for networking and computing
solutions for AI-assisted applications and solutions at the edge
where people, places, and things connect to the network. Veea was
recognized in 2023 by Gartner as a Leading Smart Edge Platform for
the innovativeness and capabilities of our Veea Edge Platform™ and
a Cool Vendor in Edge Computing in 2021. Veea was named in Market
Reports World’s in its research report published in October 2023 as
one of the top 10 Edge AI solution providers alongside IBM,
Microsoft, and Amazon Web Services among others. For more
information visit: www.veea.com.
About Mainstream Fiber Networks
Founded in Nashville, Indiana, Mainstream Fiber Networks is a
Fiber to the Premise (FTTP) Internet service provider that
understands the need for affordable, high-speed Internet in
Indiana’s rural communities. Mainstream’s success is based on
customer satisfaction and partnerships with the local communities
we serve. To learn more, visit www.msfiber.net.
Forward-Looking Statements
This press release contains, or may contain, certain
forward-looking statements within the meaning of the federal
securities laws. These forward-looking statements generally are
identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Examples of forward-looking statements in this press release
include, but are not limited to, statements regarding the Company’s
upcoming technology deployments with its partners and anticipated
commencement dates. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of Veea and its partners’ management
and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied upon
by any investors as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. If any of these risks
materialize or the parties’ assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. Many factors could cause actual future
events to differ materially from the forward-looking statements in
this press release. There may be additional risks that neither Veea
nor its partners presently know or that they currently believe are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Veea and its partners assume no obligation to update or revise
these forward-looking statements, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241125451267/en/
Media Contact: James Christopherson Sterling
Communications for Veea Inc. veea@sterlingpr.com
Veea (NASDAQ:VEEA)
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