Last C$0.13 CAD
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As of 3:59 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

wi2wi corp (YTY) Snapshot

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09/10/13 - C$0.29
52 Week Low
06/25/14 - C$0.05
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wi2wi corp (YTY) Details

Wi2Wi Corporation designs, manufactures, and markets embedded wireless connectivity solutions for industrial/medical, smart-home/smart building, and government markets worldwide. The company focuses on creating hardware and software solutions that simplify the integration of multiple wireless technologies in mobile devices. It offers multifunction wireless sub-systems for mobile applications, such as media players, smartphones, PDAs, personal navigation devices, mobile Internet devices, and ultra-mobile PCs. The company provides wireless system-in-package, module, and subsystems for embedded applications, including WiFi, Bluetooth, and global position system solutions. Wi2Wi Corporation sells its products to customers operating in the industrial, medical, machine to machine, education, government, and consumer application sectors. The company was founded in 2005 and is headquartered in San Jose, California.

Founded in 2005

wi2wi corp (YTY) Top Compensated Officers

Chief Operation Officer
Total Annual Compensation: $170.0K
Chief Technology Officer
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2012.

wi2wi corp (YTY) Key Developments

Wi2Wi Corporation Announces Retirement of John Weaver from Board

Wi2Wi Corporation announced that Mr. John Weaver has stepped down from the company's board of directors. Mr. Weaver has been a director of Wi2Wi since August 2009.

Wi2Wi Corporation Generates $2.25 Million Thorough Transfer of Technology and Know-How

Wi2Wi Corporation announced that it has reached an agreement with one of their customers to transfer technology and know-how for USD 2.25 million, subject to due diligence to be carried out by the Customer. The technology and know-how transfer relates to manufacturing of a specific wireless connectivity module, which is exclusively used by the Customer. Wi2Wi has agreed to transfer certain know-how, manufacturing documentation, and provide certain services, to enable the customer to transfer production of the specific module. The agreement is predicated on three milestones, of which the first milestone has been completed and the company has received the first payment of USD 1.125 million. The company is in process of completing the two remaining milestones, which are expected to be completed by December 31, 2014. The transfer of technology relates to only one of the many products manufactured by Wi2Wi, and the company was able to monetize the value of this technology. The proceeds will be used for general working capital and investment into new products which will be on the market in mid to late 2015.

Wi2Wi Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Wi2Wi Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. Revenues for the quarters ended March 31, 2014 and 2013 were $1,175,000 and $1,253,000, respectively. Revenues decreased by 7% for the quarter ended March 31, 2014, compared to the same period in 2013, however the current quarter had a significant increase compared to the fourth quarter of 2013. Net loss before interest, income taxes and share listing expense was $399,000 compared to $1,296,000 a year ago. Net loss and total comprehensive loss was $416,000 or $0.005 per basic and diluted share compared to $4,310,000 or $0.050 per basic and diluted share a year ago. Loss from operations was $399,000, compared to $4,280,000 a year ago.


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