HFCL to launch wireless network connectivity solution on Monday

Himachal Futuristic Communications Ltd (HFCL) informed the exchanges on Sunday that the company has developed a new line of advanced wireless network connectivity solution which shall be marketed under the brand name "IO", an acronym for Input-Output. The company is going to launch the solution on 14th October, 2019 at the India Mobile Congress 2019, to be held at Aerocity, New Delhi.

According to HFCL, IO is a platform to bring in efficiency and intelligence to mobility and assist citizens to use the most advanced Wi-Fi technology products and solutions.

In the regulatory filing, HFCL has mentioned that the solution includes products like Wi-Fi 5 and Wi-Fi 6 based Access Points, Point-to-Point and Point-to-Multipoint Unlicensed Band Radios (UBR), Smart Solar powered PoE+ Integrator, Wireless LAN Controller, Element Management System and Cloud based Network Management System. The company further added that all these products are extremely power efficient and fully compliant with the Policy for Preferential Market Access (PMA) of the Government of India.

HFCL also said that the complete network solution is based on latest and upcoming international standards as a result of the company's own R&D initiatives which have fully designed, developed and manufactured the solution in India with full IPR ownership residing with the Company in India.

Shares of Himachal Futuristic Communications Ltd. closed at Rs. 17.05 in BSE as compared to the previous close of Rs. 17.00. The stock hit an intraday high of Rs. 17.35 and intraday low of Rs. 16.90. Its 52-week high stands at Rs. 25.30 and 52-week low at Rs. 16.75.