Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 102

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 102
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 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
, 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 Indonesian language, which is being adopted for other languages with a Small Language Model (SLM), an edge-only “WhatsApp-like”
type of messaging platform with text, voice and video, called HiveChat developed by Veea, that runs locally on VeeaHub units to minimize
the amount of data transmitted through the satellite backhaul.

In Mexico, StarGroup, a
mobile communications and satellite-based Pay TV entertainment company, in partnership with Veea has commercially deployed AirLynx
Internet connectivity services offered standalone or bundled with Pay TV services. We are actively working with StarGroup on the
deployment plans in more locations since successful completion of a POC and commercial lunch of the same network in Q1 2025. Through
our partnership with StarGroup, we expect that StarGroup will work to roll out AirLynx networks in over hundred villages and small
towns over the next 12 months. Given the Pay TV content that StarGroup can offer with or without a satellite terminal, which only
differs in picture quality and upfront cost of service installation, we believe a more accelerated market penetration is feasible in
those StarGroup markets that AirLynx is deployed. We have established a revenue sharing business model that generates a monthly
recurring revenue for both parties.

We have also entered into
a commercial trial agreement with Viasat, a global communications company that provides satellite and other communications services, that
is known for its high-speed internet services and solutions for various sectors such as defense, aviation, and maritime. Under contract
with Comisión Federal de Electricidad (CFE), Viasat has already deployed satellite terminals at large number of sites in different villages
and small towns throughout Mexico, to eventually provide for “Internet para Todos” service, which is free “Internet