Former Magnet boss returns with ‘game changing’ cable solution | Business Post

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Former Magnet boss returns with ‘game changing’ cable solution, ChasTaylor reports.

Mark Kellett, founder of KelTech IoT: ‘We can bring both power and broadband to the same cable over very long distances using renewable power in a far more energy-efficient way’

KelTech IoT, a Dublin-based, next-generation energy and infrastructure company, has developed technology that its founder, Mark Kellett, claims could be a game changer. The former Magnet Networks chief executive was speaking as the company announced plans to raise €3 million at a valuation of €25 million from backers as it seeks to scale.

KelTech IoT has developed a dual distributed network solution which allows electricity and fibre optics to run through one single hybrid cable....

 

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