Phaistos Investment Fund invests in the innovative Greek tech company WINGS ICT Solutions
5G Ventures announces the co-investment of Phaistos Investment Fund in the Greek enterprise, WINGS ICT Solutions, alongside a strategic investor from Greece. The WINGS ICT Solutions specializes in developing innovative IoT services and products based on advanced technologies such as 5G, Big Data and Artificial Intelligence.
In recent years, the company has demonstrated remarkable growth rates driven by the development of transformative technologies capable of reshaping data landscapes and delivering highly efficient solutions, focusing on Sustainability and Smart Digital Cities.. With these defining attributes, WINGS ICT Solutions is poised to capture a significant share in the new global markets of the 4th Industrial revolution.
Being for several years in the field of the design and development of digital applications, the WINGS ICT Solutions provides integrated digital solutions in vertical sectors such as Environment, Production & Manufacturing, Utilities & Infrastructure and Services (digital health).
In the Environment sector, Wings has developed the product AIRWINGS, which monitors air quality and employs AI technology can detect natural hazards and warn on time for any problem that may arise.
Regarding the Logistics and Production Systems, the WINGSCHARIOT streamlines automation and adds intelligence to enhance efficiency while reducing costs in logistics and transportation centers, as well as in installations where Industry 4.0 systems operate. Additionally, in this realm,, the AQUAWINGS system has been developed to support intelligent fish farming and the system AGNES facilitates intelligent agriculture in order to cover needs in production, logistics services and food quality.
Within the field of Utilities & Infrastructure sector, Wings intrοduces the integrated IoT platform ARTEMIS, aimed at managing energy and water resources. In the context of “smart city” applications, the WINGSPARK stands out. It serves as Intelligent Controlled Parking System providing guidance, space prediction and parking reservation access in parking zones.
In the field of digital Health, the STARLIT platform offers integrated solutions comprehensive solutions, aiming to enhance well-being, prevent diseases, and elevate the quality of care delivery.
WINGS ICT Solutions established significant national and international collaborations with countries such as Great Britain, France, the Netherlands and Germany in order to improve their infrastructure, while it has participated in European Union projects.
The company, apart from the development of the aforementioned products, stands out for innovation and human capital, while simultaneously maintaining state of the art infrastructure, facilities, and equipment that enable further research and development.
The new funds, from Phaistos Investment Fund, will be allocated to further research and development of cutting-edge technological solutions. This Includes greater integration of Artificial Intelligence in optimizing processes and the contribution of the 5G network. Additionally, these funds will bolster WINGS ICT Solutions’ commercial presence in its target markets.
About 5G Ventures S.A. and Phaistos Investment Fund
5G Ventures S.A., a Hellenic Corporation of Assets and Participations subsidiary, manages Phaistos Investment Fund and signals an innovative approach in supporting a thriving 5G ecosystem in Greece. Phaistos Fund supports enterprises that develop 5G-related products & services and is an effective bridge between State & Private investments, as it brings together the best of the two worlds. It offers unique capabilities and, through its focus on 5G market, Phaistos is best positioned to produce remarkable returns as well as national economic growth. More information about 5G Ventures and Phaistos Fund are available on www.5gventures.gr website, LinkedIn (www.linkedin.com/company/5gventures/) and Twitter (twitter.com/5GVenturesSA).
