Teldio Communications Tech Deployed at Honululu Airport - Leads into Merger Talks

In an interview with David Sali, writer at the Otwawa Business journal, Teldio CEO Peter Kuciak says Teldio’s sensors are now poised to play a role in the IoT boom by helping to make connected devices even smarter and that the company is is now in talks with Encore Networks about a potential merger.

“We’re solving real-life challenges that help corporations get faster and more automated,” says Kuciak, a former VP of research and development at March Networks who assumed the top job at Teldio in February 2020. “It’s a very easy conversation with customers.”

Teldio also recently signed a contract to deploy its technology at Honolulu’s Daniel K. Inouye International Airport. The system will be linked to everything from fire extinguishers to defibrillators, alerting terminal workers in real time whenever medical or safety devices are deployed and instantly notifying first responders of the exact location where they’re being used.

Now at 24 employees, Teldio has received financial backing from Wesley Clover, the Kanata-based investment firm founded by tech magnate Terry Matthews, as well as friends-and-family funding.

The company is now in talks with Encore Networks – a Virginia-based manufacturer of 5G networking equipment that’s also led by Kuciak and backed by Wesley Clover – about a potential merger.

And its CEO isn’t ruling out the possibility of taking Teldio public – the route chosen by another fast-growing Wesley Clover portfolio company, Martello Technologies, several years ago.

“Things like that are always an option,” Kuciak says. “Right now, we’re focusing on making sure that we have a fantastic product-market fit. We have some very excited investors that are looking at us to see if we can accelerate our growth.”