Viper Networks Announces Strategic Rebranding Effort
TROY, Mich., Jan. 20, 2025 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) announced the beginning of its strategic rebranding effort. Among other corporate actions, Viper and its subsidiaries will adopt the name 0Wire (pronounced “Zero-Wire”). The assets of 1stPoint Communications will be split into two strategic operating companies. The existing entity will be renamed 0Wire Communications and operate the company’s key telecommunications assets in both the United States and the Eastern Caribbean. A new entity, 0Wire Hosting, will operate the company’s technology hosting portfolio. 0Wire Wholesale, a new subsidiary, will refocus the company’s wholesale services on newer and higher growth opportunities such as 5G roaming and messaging, while continuing to develop the wholesale voice market. Additional subsidiaries, operated as 0Wire Energy, will address smart city and renewable energy projects in the United States and Sri Lanka.
“We have undertaken this rebranding effort in order to better align with the company’s Everything Wireless Telecom+Energy strategy,” said Erik Levitt, the company’s CEO. The Everything Wireless strategy consists of five key pillars: Over-the-Top Technologies (“OTT”), Mobility, Fixed Wireless, Smart City and Renewable Energy Generation. “We continue to see very strong growth in our OTT business and there is industry-wide recognition that we are a leader in the messaging market. We will continue to develop these technologies while we shift longer-term investment toward mobility and fixed wireless,” said Levitt.
During the last fiscal year the company completed the deployment of 108 smart poles and Apollo smart lights in the capital city of Sri Lanka, Colombo. The initial deployment was a pilot project for future, larger, and more complex installations. “Management is now evaluating follow-on projects with key constituents in the market,” said Farid Shouekani, the company’s Chairman. “We look forward to growing the recognition of the 0Wire brand as a market leader in smart city deployment,” added Shouekani.
Management elected to begin the rebranding effort with the telecommunications division because of its strategic importance as well as the lack of a need for regulatory approvals. “Due to regulatory requirements, certain corporate actions, such as name changes, can take several months to complete. We hope to complete the process at the corporate level during the next three quarters,” added Levitt. Management anticipates that this process will proceed alongside the company’s audit of its financial statements.
Further information on the rebranding effort will be forthcoming in the company’s annual filings as well as future press releases.
ABOUT VIPER NETWORKS, INC.
Viper Networks is a service provider of telecommunications, smart city and energy generation projects. Our “Everything Wireless” strategy is designed to integrate mobility, fixed wireless, over-the-top (“OTT”) technologies and smart cities into a single platform that can deployed in any market globally. For more information go to or follow on X (formerly Twitter) Twitter@vipernetworks.
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