Swedish satcom solutions provider Forsway awarded development grant from the EU’s Horizon 2020 flagship innovation project
Gothenburg, May 29th, 2019: Forsway, a leading provider of innovative solutions and hardware for tapping satellite and existing terrestrial technologies to enable cost-efficient broadband, announced it has received a prestigious grant of the EU’s flagship Horizon 2020 research and innovation project to further develop its technology.
Forsway has been granted Euro 50K of the H2020 project to further develop its vision that everyone around the globe should have access to the internet.
Forsway has already developed a broadband technology and satellite router solution that taps the combined abilities of satellite and broadband networks, to connect people in low service areas or regions previously considered too hard to reach or unprofitable. The solution is extremely cost effective, well-suited for regions with reduced infrastructure and capacity, and is already deployed in Europe, Africa, APAC and Latin America.
-Tobias Forsell, CEO, Forsway,” With the H2020 grant, Forsway will execute a feasibility study that evaluates how to further advance our solutions and products to attract a larger portion of the market and accelerate our growth globally.
” With Forsway solutions, satellite operators are provided with a new business model to reach untapped markets, cost-effectively, using untapped bandwidth. Local service providers can provide the reliable, affordable internet access that is critical to the development of previously underserved regions.”
What is Horizon 2020?
Horizon 2020 is the largest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020). It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market and aimed at securing Europe’s global competitiveness.
About Forsway Scandinavia AB
Forsway provides innovative solutions for combining satellite with existing terrestrial technologies – enabling broadband services for the large demographics of users in emerging markets lacking reliable internet access. Forsway’s unique Forsway Xtend technology eliminates the need to deploy additional network infrastructure, creating significant time and cost savings for operators and service providers. Follow us on LinkedIn, Facebook, Twitter and YouTube.