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Dryad Networks Selects EchoStar Mobile Satellite IoT Solution for Fire Prevention Service

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2 years ago

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Satellite IoT connectivity enables monitoring in remote forest locations

MILTON KEYNES, United Kingdom, Feb. 22, 2024 /PRNewswire/ — Today, EchoStar Mobile Limited, an EchoStar (Nasdaq: SATS) company, announced that Dryad Networks has made an initial purchase of 3,000 EM2050 LoRaWAN® modules and related connectivity services. The modules, powered by Semtech’s ultra-low power LR1120 device, will provide embedded LoRaWAN satellite IoT capabilities for the Dryad Silvanet Gateways. Dryad’s Silvanet Suite of groundbreaking end-to-end wildfire detection technology is already deployed in 25 countries by a wide range of public and private sector organizations.

“Each year, wildfires are responsible for 20% of global CO2  emissions and cause $140 billion of financial damages,” said Carsten Brinkschulte, CEO and Co-founder of Dryad Networks. “Dryad Networks is committed to protecting public and private forests with fire detection and monitoring solutions and the EM2050 module from EchoStar Mobile gives us the features we need to enable large-scale deployments in areas with poor or non-existent terrestrial network coverage. The EM2050 module made sense because of its compliance to LoRaWAN standards, the world’s largest IoT ecosystem. The EM2050’s latest features, such as Semtech’s Long Range – Frequency Hopping Spread Spectrum (LR-FHSS) technology coupled with EchoStar Mobile’s powerful satellite IoT communications infrastructure will provide excellent support for Dryad’s Silvanet wireless distributed architecture network.”

Prior to working with EchoStar Mobile, Dryad relied primarily on terrestrial connectivity with limited support for satellite communications. Integrating the real-time communications and dual mode connectivity of the EM2050 module into the upcoming 3rd generation of Sylvanet gateways will make it possible for Dryad to make full-featured use of satellite links, including support for bi-directional communications, device configuration and Firmware Update Over The Air (FUOTA), enabling deployments independently of terrestrial network coverage.

“We are thrilled to power the Silvanet product line with the EM2050 LoRaWAN compatible module,” said Telemaco Melia, VP and GM of EchoStar Mobile. “Satellite connectivity is necessary to assure reliable and cost-effective 100% coverage. And the EM2050 module supports multicast and FUOTA, optimizing operations and keeping the Silvanet devices up to date.”

“We believe that satellite IoT holds immense potential in delivering significant benefits across various applications, in particular, those targeting environmental protection like Dryad’s Silvanet Suite,” said Carlo Tinella, Senior Product Marketing Manager at Semtech. “By providing affordable wireless connectivity in remote areas beyond the reach of terrestrial networks, it is possible to expand the digitalization process into vast natural assets, contributing to our planet’s sustainable development goals. We are enthusiastic about the outcome of this collaboration with EchoStar Mobile and believe the enablement of satellite technology for IoT leveraging LoRa® and LR-FHSS is just the beginning of a groundbreaking and transformative journey.”

About Dryad
Dryad provides ultra-early detection of wildfires as well as health & growth-monitoring of forests through the Silvanet solution – solar-powered gas sensors deployed in a large-scale LoRaWAN mesh network. Dryad aims to reduce unwanted wildfires, which cause up to 20% of global CO2 emissions and have a devastating impact on biodiversity. By 2030, Dryad aims to prevent 3.9m hectares of forest from burning, preventing 1.7bn tons of CO2 emissions. To learn more about Dryad, please visit dryad.net.

About Semtech
Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems, and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected, and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X. Semtech and the Semtech logo are registered trademarks or service marks of Semtech Corporation or its subsidiaries.

About EchoStar
EchoStar Corporation (Nasdaq: SATS) is a premier provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator, and government solutions worldwide under its EchoStar®, Boost Mobile®, Boost Infinite, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™ brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary and in Australia, the company operates as EchoStar Global Australia. For more information, visit www.echostar.com and follow EchoStar on X (Twitter) and LinkedIn.

©2024 EchoStar. Hughes, HughesNet, DISH, Boost Mobile, and Boost Infinite are registered trademarks of one or more affiliate companies of EchoStar Corp.

Logo – https://mma.prnewswire.com/media/2309198/ECHOSTAR_LOGO_RED.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/dryad-networks-selects-echostar-mobile-satellite-iot-solution-for-fire-prevention-service-302068054.html

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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16 minutes ago

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

16 minutes ago

on

July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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16 minutes ago

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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