beaconsmind Group Enhances WiFi in German Shopping Centers

ZURICH - beaconsmind Group (ISIN: CH0451123589 – Ticker: MLBMD), a Swiss provider of location-based marketing solutions, has completed a comprehensive infrastructure project for a leading European real estate and shopping center operator. The project involved the implementation of advanced internet and Cloud WiFi technology across several shopping centers in Germany, a move aimed at improving the network infrastructure and WiFi quality for both customers and businesses.

The initiative, carried out by beaconsmind's subsidiary FREDERIX Hotspot GmbH, included gateway upgrades, installation, and ongoing customer support. The enhanced network services, which now include VDSL and Cloud WiFi, are expected to serve over 3 million daily visitors throughout the shopping centers.

With a five-year term, the project is anticipated to generate annual revenues in the mid-six-figure Euro range, starting from 2024. This revenue will contribute to the overall financial performance of beaconsmind Group.

Jonathan Sauppe, CEO of beaconsmind Group, stated, "This major project demonstrates how our infrastructure solutions deliver immediate benefits and an improved user experience for millions of customers every day." He highlighted the swift and successful implementation of the project as evidence of the company's capacity to handle complex infrastructure challenges effectively.

beaconsmind Group, established in 2015, specializes in location-based marketing software and WiFi infrastructure systems, providing services to sectors including retail, hospitality, healthcare, and the public sector. The group's subsidiaries are known for their expertise in digital transformation and location-based marketing, offering cloud-based technologies that support their clients' omnichannel strategies.

This project's successful execution is expected to bolster beaconsmind's position in the market for infrastructure solutions. The information for this report is based on a press release statement.

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Source: Investing.com