OCCASIONAL PRESS RELEASE
Crescent takes first steps in the booming crypto space
Leuven, Belgium – December 2, 2021 – 18h00 – Crescent (EURONEXT: OPTI; OTC: OPNVY)
Crescent NV today announces that Option™, a brand of Crescent, aims to become a third-party manufacturer of Helium hotspots and has submitted Option’s premium CloudGate LoRaWAN® gateway for certification in the Helium Network, one of the world’s first and rapidly expanding peer-to-peer LoRaWAN® networks.
U.S.-based Helium launched ‘The People’s Network’, a global, distributed network of Hotspots providing public, long-range and low-power wireless coverage for LoRaWAN®-enabled IoT sensors and devices.
Helium’s LongFi™ architecture combines the LoRaWAN® wireless protocol with the Helium Blockchain so that any LoRaWAN® device can transfer data on the Helium Network. LongFi delivers roaming capabilities and supports micropayment transactions so customers only pay based on network usage without needing to deploy gateways or network servers.
The Helium Network is powered by compatible Hotspots. Hotspots are a combination of the Helium Blockchain and LoRaWAN® packet routing software on a single, compact LoRaWAN® gateway such as Option’s multi-region LoRaWAN® CloudGate gateway. This enables customers to easily participate in the deployment of Helium coverage and use the open LoRa-based wireless IoT networks.
With the introduction of its blockchain, the Helium Network decentralized IoT coverage, resulting in an open wireless network able to combine various LoRaWAN® gateways and available anywhere in the world, in a cost-efficient way.
“As we move forward, blockchain will enable the next IoT transition toward becoming a network of autonomous devices that can interact with each other and with their environment without human intervention. With this step, we build on the foundations of Crescent’s next generation IoT projects.” says Joost van der Velden, CEO of Option™, “Option’s CloudGate LoRaWAN® with multi-region coverage is the perfect fit for world-wide Helium deployment. ”
Option™ plans to obtain Helium certification by mid-January 2022 and to start shipping by Q1 2022. Option’s CloudGate Helium gateway is expected to be available for pre-ordering on Option’s webshop by end of December.
CONTACT
Edwin Bex
Gaston Geenslaan 14
B-3001 Leuven, Belgium
TEL: +32 (0) 16 31 74 11
E-mail: investor@option.com
