Business Description
We were incorporated under the laws of the state of Florida on August 22, 1989.
We are in the business of innovating fundamental wireless hardware and software
technologies and products. We have designed and developed a consumer distributed
WiFi product line that is being marketed under the brand name Milo®. We
also design and develop proprietary radio frequency (“RF”) technologies
for use in wireless communication products. We have expended significant financial
and other resources to research and develop our RF technologies and to obtain
patent protection for those technologies in the United States (“U.S.”)
and certain foreign jurisdictions. We believe certain patents protecting our
proprietary technologies have been broadly infringed by others and therefore
our business plan includes enforcement of our intellectual property rights through
patent infringement litigation and licensing efforts.
Based on the manner in which our management views and evaluates our operations,
we have determined that our business currently operates under a single operating
and reportable segment. Refer to our consolidated financial statements in Item
8 of this Annual Report for financial data including net losses from operations
and total assets.
Our Milo-branded WiFi product line is a cost-effective networking system that
enhances WiFi connectivity by effectively distributing the WiFi signal from
existing routers and modems throughout a broader coverage area, eliminating
WiFi dead zones and creating a more even distribution of data rates across the
coverage area. Our product offering currently includes a two-unit system designed
for coverage areas of up to 2,000 square feet and a three-unit system designed
for coverage areas of up to 4,000 square feet. The Milo system can connect to
an existing router via Ethernet cable. Alternatively, the system can connect
to the router wirelessly through our BaseLink technology thus enabling the Milo
user to eliminate redundancy of coverage from an existing router while also
optimizing and maximizing the overall coverage area. Our embedded SmartSeek
intelligence enables the Milo system to delegate signal communication across
multiple radios in each Milo unit, thereby optimizing the network path for each
unique environment. The systems are supported by easy-to-use mobile applications
for both Apple and Android devices to enhance the overall customer experience.
Our PV5870 IC is a modulator/demodulator component based on our proprietary
technologies and targeted for markets that use less integrated RF transceivers
than those used by the mobile handset market, such as infrastructure, industrial
and military applications. We sell our PV5870 IC through a distribution relationship
with RFMW, Ltd. Our sales of these ICs have been minimal to date.
1.97%