Good news for Oasys because it has some more money.
But it also looks like the company needed the money to carry on developing its products. And board-member Joe Costello and some other prominent users of the technology wanted to keep the technology going and so put up the cash.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.