NEXX5 Signs Two Major MOUs

NEXX5 has signed two major MOUs with companies that will accelerate its provision of extensive smart city service solutions.

i) The MOU signed with Molekulas secures for NEXX5 an exclusive infrastructure design and production commitment. Molekulas has committed to become NEXX5’s exclusive manufacturing partner, with the intention of further expanding this business relationship into a future mutual joint venture covering NEXX5’s manufacturing needs, as well as development and manufacturing needs created by other IKAR Group investments.
A leading specialist manufacturer of telecommunications equipment including military-grade communications hardware, Molekulas has a technology development and manufacturing JV (Masttech), with the US conglomerate Will Burt, a world leader in mobile telescopic masts, towers and pan-tilt devices.
NEXX5’s smart city infrastructure solutions will henceforth be developed, tested and produced utilizing the outstanding engineering standards of this partner.

ii. The MOU signed with InTheCyber sets the groundwork for NEXX5 to offer an extensive range of advanced smart city solutions integrating the very latest of cyber security best practices, as well as to offer stand-alone cyber security services. The MOU covers both testing of hardware security concepts and provision of solutions to protect the NEXX5 range of smart city infrastructure products from cyber attacks and infiltration.
InTheCyber is a leading Swiss cyber security company, based in Lugano, with a focus on boosting cyber defensive capabilities and intelligence for leading regional companies and government institutions.
This agreement represents an important strategic development for NEXX5 as a multi-discipline smart city solutions service provider. A robust cyber security foundation will form part of all NEXX5 solutions as it offers an extensive range of software-dependent smart city solutions for businesses, municipalities, and the public alike.

On the MOUs:
Wolf Hisserich, CEO NEXX5:
“It’s an extraordinary month for NEXX5 when we can sign two such long-term collaboration agreements securing both the highest quality of advanced design and manufacture, but also the most expert cyber solutions in protecting our ever more extensive edge computing assets.”
Paolo Lezzi, Founder and CEO, InTheCyber Group: ”There are an increasing number of potential vulnerabilities as we rapidly move towards implementing solutions developed around the 5G revolution. NEXX5 is thinking far ahead in planning for and integrating robust security standards across all its smart city services.”
Koray Gökalp, President of Molekulas and President of Masttech:
“NEXX5 are an unusually visionary, technically experienced and deeply connected team. We see enormous potential to develop a range of transformative and multi-purpose solutions together.”

NEXX5, Birchin Court, 20 Birchin Lane, EC3V 9DJ, London, UK.
Press Contact: Darko Peric, Chief Operating Officer, darko.peric@nexx5.com
General Contact: info@nexx5.com

About NEXX5:
Nexx5 is at the service of better, smarter living in cities designed to serve us all.
Nexx5 offers the promise of ‘infrastructure with intellect’, a signal of the company’s broad-ranging ambition to enable a range of services including 5G densification, but also including edge computing capabilities and multiple other component parts of the high speed and secure data streams that will make our cities smarter.
This technology solutions are designed to enable us to live the way we want in urban environments – with effortless connectivity, enhanced utilities, easy mobility and in sustainable, secure environments.

About IKAR Industries:
IKAR Industries LLP is a London based industrial investment group with a growing operational reach and presence in London, Berlin, New York, Boston, Washington DC, Istanbul and Zurich. IKAR Industries operates across multiple industrial sectors including Energy; Real Estate/Hospitality; Sports & Entertainment; Technology; and Security/Business Intelligence. IKAR Technology Group LLP represents IKAR’s interests in the technology sector.