The Origin of Waystream
In 2001, what later became Waystream was born. Since then, we have been developing and selling advanced digital infrastructures adapted for the FTTx market, such as switches and routers. Our products are used partly in connection with establishing new fibre networks and partly when existing networks are to be upgraded.
Today we are the Nordic market leader in our segment, and we have customers in many different countries. Our primary customer groups are city networks and communications operators.
On 12 November 2015, Waystream AB was listed. The share has since been listed on Nasdaq First North under the ticker WAYS.
Sustainability has always been important to us, and in 2018 Waystream became the first broadband network equipment provider to offer products that meet the law’s intent to reduce the presence of chemicals in electronics that are harmful to health.
In 2020, we started moving production home to Sweden, specifically Lund, where the contract manufacturer, NOTE AB, began manufacturing the access switches. By manufacturing in several locations, we become less vulnerable to disruptions in the logistics system. In addition, the environmental aspect is important as we get shorter transport routes to main markets.
During the same year, Waystream also initiated a research project. The project aimed to evaluate different methods of machine learning and artificial intelligence linked to the operation of fibre-based broadband networks, thereby improving availability and stability for users. Moreover, since 2021, we have been part of a larger pan-European research project in applied AI with a consortium of around 30 industrial companies, operators, research institutes, and universities. The main objective of the research project is to accelerate digitalisation in Europe by building intelligent automation of new and existing communication networks.
In 2021, we launched no less than four new product lines that were well received by the market.
Going into 2022, Waystream decided to step up its sustainability efforts, and we achieved our target of 100% climate-neutral switches on 1 July of that year. Our long-term ambition is to reduce our environmental impact further and eventually achieve climate neutrality in all aspects of the company. In addition, we are constantly striving to improve the diversity among our staff and to reach the long-term objective of a 50/50 gender balance, not only in the management team but in our entire workplace in all countries. In 2022, we also intensified our expansion into the German market.