Nokia Honors Decawave With Open Innovation Challenge Win on Yahoo Finance

DUBLIN, IRELAND–(Marketwired – Nov 12, 2015) – Decawave, a global leader in ultra-wideband (UWB) semiconductors, today announces that Nokia has named it a winner of the Open Innovation Challenge. The challenge recognizes innovators and experts in the IoT domain worldwide. The award also brings the opportunity to collaborate and leverage Nokia’s global market reach and connectivity expertise.

Organized in partnership with Nokia Growth Partners (NGP), participants submitted innovative ideas, technologies, or business models for the challenge in August 2015. From the hundreds of applications, Nokia selected Decawave as one of the winners for its innovation technology enhancing the IoT market. Nokia’s vision is to improve people’s lives through technology and the competition was to expand its development ecosystem to leverage partners’ innovations to expand the IoT.

Decawave uses micro-location ultra-wideband technology to locate any object within 10cm — a level of precision never achieved before. Compliant to the IEEE802.15.4a standard, the chip also has a data communications rate of 6.8 Mbps in wireless sensor networks (WSN) and can operate in low-power situations in line-of-sight and non-line-of-sight applications. The technology can be used in a range of applications by developers of Real Time Location Services (RTLS) and indoor positioning systems, location-based services, Internet of Things and WSN.

“Nokia’s recognition of Decawave’s capabilities and our potential is very important to us,” said Ciaran Connell, Decawave CEO. “We are excited to be considered as the next game-changing innovation and to capitalize on the growing interest in indoor positioning, which will enable UWB-based micro-location to thrive.”