Greek tech company WINGS ICT Solutions has raised its 2026 revenue target to €16 million—up from €11 million—building on its expertise in 5G networks and the Internet of Things (IoT). Panagiotis Demestichas, co-founder, chairman, and CEO of WINGS—and also a professor at the Department of Digital Systems, University of Piraeus—spoke with newsit.gr about the company’s growth trajectory and future plans.
A Tech Foundation Rooted in Academia
Founded in 2012 by Demestichas alongside colleagues including fellow Polytechnic alumnus Mr. Tsagkaris, WINGS was conceived to integrate IoT, wireless networking, and artificial intelligence to tackle real-world challenges. Its focus spans environment, water management, energy, transport, industry, agriculture, and healthcare.
Demestichas notes that technology has evolved dramatically since the company’s inception: back then, 5G was still in its infancy, and IoT remained a vague concept rather than an operational reality.
Early Fire Detection: A Flagship Application
One of WINGS’ core offerings is early wildfire detection. Using cameras mounted on hard-to-reach infrastructure—including mobile telecom towers and municipal poles—the system transmits live video via wireless networks to the cloud. There, proprietary, globally patented algorithms analyze imagery to detect smoke at the earliest possible stage. Rapid alerts enable authorities to respond faster—minimizing damage and supporting firefighting efforts.
The company already collaborates with 10–15 municipalities on this initiative and is implementing two major projects to protect Natura 2000 areas.
Applications Across Sectors
In water resource management, WINGS develops solutions to optimize irrigation—addressing significant water losses common in current practices.
In energy, it designs digital twin systems for infrastructure operated by Greece’s Independent Power Transmission Operator (ADMIE), helping reduce fire risk and ensure grid resilience.
In transport, the same camera-and-network architecture supports traffic monitoring and helps curb road violations.
For agriculture, WINGS provides tailored tools for aquaculture and fish farming, working with leading Greek companies in the sector.
In healthcare, the company focuses on safeguarding vulnerable populations and workers operating in high-risk or remote environments.
Looking back, Demestichas recalls how WINGS began in 2012 as a small team executing pilot projects—today, it stands as a growing force in Greece’s digital transformation, serving both public and private sectors.