Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 107

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 107
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 many others. Cybersecurity, including Trust Domains and Zero Trust
Network Access (ZTNA), is an embedded feature of AirLynx network solution. Moreover, wide-area private AirLynx networks support roaming
between locations and communities covered by the same service provider enabling its subscriber base to access Internet and value-added
services at any location with AirLynx coverage. The Wi-Fi Alliance has estimated that the global economic value of Wi-Fi, driven in part
by efforts to expand coverage in rural and remote areas, effectively helping to bridge the digital divide, is a share of a total value
of nearly $4.9 trillion in 2025. This immense value underscores how Wi-Fi enables affordable internet connectivity in under-served
regions, supporting education, healthcare, e-commerce, IoT, and other services that drive growth and inclusion. A study authored by researchers
from George Mason University, University of Oxford and the IMF estimates that out of $418 billion that will be invested to connect all
unconnected citizens globally, 73% will be in emerging market economies and 24% in low-income developing countries.

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AirLynx network solution
has been deployed to provide for wide-area coverage in multiple locations in Indonesia, Mexico, Colombia, Brazil and Uganda along with
POC networks deployed in other regions. AirLynx was first deployed and demonstrated in collaboration with CableLabs and Liberty Latin
America (LLA) to provide for Wi-Fi-based fixed broadband access and IPTV services in low-income area of Tarana Chapo, Panama, in 2021.
The network has been in continuous operations without any interruptions to date. During COVID pandemic, children using Chromebook and
other devices were able to connect to schools over Wi-Fi connections delivered from pole-mounted VeeaHub units. Veea is now evaluating
a similar project with LLA in Jamaica.

Following Panama deployment,
AirLynx was deployed in several villages in West Java and North Kalimantan, Indonesia, in 2023 in partnership with PT Bum Desa Indonesia
(BDI), which is a village association with an ISP arm and is partially subsidized by the Indonesian government mandate to bring Internet
connectivity with satellite backhaul to 8,000 villages throughout Indonesia. BDI has developed a number of value-added services based
on applications that run on VeeaHub units in collaboration with Veea and third parties including precision agriculture, AI-powered edge-managed
online school system in