How is it that some of the worlds largest corporations have become customers and partners of a relatively unknown ASX listed junior that was only back-door listed by Perth connections last year ?
These include Coca-Cola, US telco goliath Verizon, leading enterprise level US telco AT&T, Vodafone, The Red Cross, Cisco, US Police and a host of other impressive names.
Connected IO have saddled up on the “internet of things” freight train and are hanging on for dear life as millions of people around the globe start to discover the real power of the internet when they connect their everyday things to it.
The internet of things concept involves connecting devices and other things to the internet so they can be monitored, viewed, counted, controlled, used and interacted with on a daily basis and there are almost no limits to the number of applications.
Connected IO have developed an internet of things, wireless, modem like device that is flexible enough and small enough to connect almost anything to the internet and they haven’t wasted any time in getting them to market.
Their devices now allow Coca-Cola to determine when their coke vending machines have run out of stock, they sit on top of street poles in Nashville, Tennessee to provide security vision for Police and they automatically turn street lights on in that city after dark.
Additionally, they can be found attached to municipal snow mobiles in Nebraska, beaming real time vision of snow levels back to base and they provide wireless communications to Red Cross first responder units by way of safety and emergency relief applications.
They are even being trialled in the US by a company that can detect a gunshot before automatically alerting law enforcement agencies to its location.
Connected IO has also developed a cloud based management software system that provides for remote management of programming, software, repairs and maintenance.
The system can also manage and collect data and will provide a second annuity style revenue stream for the company.
This month Connected IO announced a formal strengthening of their two flagship partnership arrangements with the two major telco’s in the USA, Verizon and AT&T.
AT&T, has signed a “machine to machine” communications agreement with Connected IO that enables the companies to collaborate on key initiatives and jointly target high profile customers.
The agreement will involve bundling up Connected IO’s internet of things devices with AT&T’s substantial cellular network services.
AT&T are considered to be the largest enterprise level Telco in the USA.
In addition, Connected IO upgraded their partnership arrangements this month with the largest US Telco, Verizon.
The new partnership arrangements will see the two companies jointly target internet of things opportunities such as the burgeoning drone and robotics markets.
Verizon say the worldwide Internet of Things market spend will approach US$1.3 trillion in 2019 with a compound annual growth rate of 17%.
The first question often asked of a newly listed tech company is “how scalable is it ?”.
With Verizon predicting that 30 billion devices will be connected to the internet by 2020, that question appears to have been answered in the case of Connected IO.
By Matt Birney
