Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 105

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 105
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. AirLynxÔ Service Platformis another highly unique solution delivered through VeeaONE platform for service providers to uniquely offer turnkey subscription-based “cellular-like” Wi-Fi and IoT service coverage, with edge applications, that are delivered directly to the user devices and IoT endpoints indoors and/or outdoors. The service offering is typically aimed at those use cases, locations, communities or regions that i) lack cellular coverage, such as lacking indoor coverage in an apartment building or outdoor coverage in a rural community, ii) IoT endpoints with cellular modems are not already installed, commercially available or feasible (e.g., cameras, thermostats, smart locks, etc.) or too costly (i.e., cellular modem cost or data service pricing plans). In such cases, the service provider typically considers making an investment in the AirLynx network and its operations (i.e., CapEx and OpEx) based on a business model that relies on subscription-based managed Wi-Fi and IoT endpoint services to distribute or extend the Internet connectivity brought to a location through fiber, 4G/5G or satellite backhaul services, for either local or wide-area Wi-Fi and IoT coverage, for example, in a commercial building, trailer park, rural or remote community.

In the rural or remote areas,
the Internet connectivity services delivered through a satellite terminal or 4G/5G backhaul, AirLynx extends the Internet connection
directly to the end-users’ Wi-Fi devices and IoT endpoints as a fully managed service over a mesh network, with network slicing
over a local area network like an entire village, just like a cellular network coverage for cellphones. Especially, in the rural and
remote communities in many parts of the world, where Wi-Fi only devices are either already owned (e.g., laptops, tablets, or smartphones)
or can be obtained at considerably lower cost than cellular devices, the business case based on AirLynx platform solution becomes much
more viable than the cellular business model for the service providers given the costs associated with the cellular network deployment
and the typical in-home 4G or 5G CPE installation.

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The use cases for AirLynx
fall into two primary categories:

a) Places with common indoor spaces

This category is typically
represented by real estate with common areas such as hospitality spaces (e.g., hotels and resorts), office buildings, coworking spaces,
Multi-Dwelling Units (MDUs), condominiums and gated communities,