Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 108

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 108
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 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
for everyone” fully subsidized by the Mexican government. Viasat needs to provide wide-area coverage for Internet connectivity
at every one of the aforementioned sites beyond the one site deployed in every community for satellite backhaul services. The first deployment
of AirLynx with Viasat is planned for the third quarter of 2025. Similarly, we have established a revenue sharing business model that generates a monthly
recurring revenue for both parties. Given Viasat’s global operations, we expect the partnership to expand beyond
Mexico.

In the case of AirLynx deployments
in Uganda in partnership with BG Titan, the service provider (i.e., SOMBHA) provides for a government subsidized shared AirLyn