WESTERN Australian company Wangle Technologies has agreed with Israel-based Power Skills to design, build and deploy a microchip integrating its data-optimisation technology.
Wangle Technologies’ key IP is a set of patent-pending algorithms that optimise data flow between devices, allowing faster data transfers and lowering overhead, while improving security and privacy.
The exclusive agreement will see Power Skills managing the design, build and deployment of a Wangle microchip prototype, allowing the Wangle technology to be used on hardware devices.
This development will allow the company to play in the electronic manufacturing, telecoms and the Internet of Things (IoT) sector, which is estimated to be worth US$14 trillion by 2022. Wangle will also be able to offer enterprises a hardware solution for optimising data processing.
As part of the agreement, Power Skills conducted due diligence on the technology, validating the potential of the technology.
Phase one, prototype development, is expected to commence in April 2016 and to take 6-8 months, with the completion of the chip in 2017. Once completed, enterprise partnerships can commence.
According to Jason Gitmans, CEO for Wangle, progressing to hardware implementation extends the capabilities of Wangle from the consumer grade network optimisation to the enterprise sector, opening up significant opportunities, particularly within the equipment manufacturing and IoT market.
Additionally, a hardware device will significantly improve the optimisation capacity of the algorithm, by utilising a processor dedicated solely to processing the data, as opposed to sharing the load with another processor.
“A hardware chip provides a significantly higher capacity for web optimisation on a much larger scale, which will facilitate our entry into the enterprise space across numerous industries including manufacturing, telecoms and IoT,” he explained.
“These sectors are worth billions of dollars combined and are each in need of new innovative solutions and technology to help alleviate the increasing pressure on networks.”