SYDNEY, AUSTRALIA: Flexiroam Limited (ASX:FRX) has signed an settlement to present IoT connectivity to Lutikey LLC, a US based GPS tracker manufacturer. Company manufactures LutiBand Smartwatches for seniors.
Under the agreement, Flexiroam will present Internet of Things (IoT) connectivity to a minimal of 10,000 LutiBand Smartwatches, for an preliminary time period of three years.
The minimal annual quantity dedication is A$135k, which will increase because the variety of devices and data consumption increases.
Commenting on the agreement, LutiBand Chief Executive Officer Gustavo Rubacha said: “We are very excited to be partnering with Flexiroam, a global community connectivity supplier with a strong track record of delivering connectivity to IoT devices.
Our technology permits Seniors and individuals with pre-existing conditions to be protected all of the time, offering geo-location, biometrics sensors and interconnection with the emergency services when they want assistance throughout emergencies and Flexiroam’s 520 global operators will present the assured connectivity we require. We will be launching a project that will see us embed 10,000 Flexiroam SIM playing cards into our devices, ensuring they keep connected to the most dependable and stable networks globally.”
Flexiroam CEO & Executive Director Marc Barnett said: “I am happy that LutiBand have chosen Flexiroam to be their IoT connectivity supplier for his or her monitoring devices. Today’s settlement with Lutikey is an important milestone, because it marks our entry to the wearable device vertical, which is an enormous and rising market.
Integrating connectivity on the producer level ensures a long-life cycle, whereas offering the comfort of ensuring devices will always be connected to the best network, straight out of the box.
“The settlement will ship a minimal of A$135k of income per annum, based on dedicated data and SIM purchases, which is anticipated to extend over time. The demand for our innovative IoT choices continues to accelerate, with companies requiring cost efficient connectivity with assured coverage, as they quickly expand in new markets. We are well positioned to take benefit of strong long-term alternatives to scale our Flexiroam Solutions business, underpinned by elevated IoT adoption throughout a quantity of verticals.”
Founded in 2011 by Jefrey Ong, Flexiroam Limited (ASX:FRX) started with a mission to push the boundaries of communications. What started as an answer for travellers needing seamless mobile data at aggressive rates, has evolved past the consumer journey market.
Flexiroam provides connectivity throughout any device, in any a half of the world for any application. The Company is a superconnector for people and machines globally. Flexiroam’s versatile community now spans throughout 520 community operators in over 200 countries and territories, making it the popular service for consumers and companies worldwide.
www.flexiroam.com