INVT news last week. PPS still fell further.
Inventergy Global (INVT) Announces Pact with IOTA Computing
December 15, 2016 9:07 AM EST
Inventergy Global, Inc. (NASDAQ: INVT) ("Inventergy"), an intellectual property monetization company, announced today that Inventergy Innovations, LLC, Inventergy's technology licensing business subsidiary, has entered into a binding letter-of intent with IOTA Computing, Inc. ("IOTA"), a groundbreaking technology company that has implemented a unique patented Internet of Things ("IoT") architecture.
As part of the engagement, Inventergy Innovations will obtain exclusive rights to the commercialization of IOTA's integrated combination of internet-protocol based operating system software and hardware technology. This capability is designed for tiny edge devices for IoT deployment and facilitates secure internet-connected devices to enable the next generation of smart grid, home automation, telemedicine, industrial and consumer devices.
Joe Beyers, CEO of Inventergy, stated, "The IoT market is rapidly growing and we are excited to partner with IOTA to monetize its unique innovations in its IoT architecture. This technology adds new dimensionality, connectivity and security for the high growth IoT market." Beyers continued, "In a short time, Inventergy Innovations has been able to secure the exclusive monetization rights to various unique and powerful disruptive technologies which we believe will allow us to provide additional revenue opportunities for our partners and our shareholders. We anticipate the definitive agreement for the partnership to be completed in the coming weeks making this the fifth partnership agreement by our Inventergy Innovations subsidiary. We expect to see other deals in the near future."
"We are pleased with our decision to partner with Inventergy Innovations to maximize our growth potential in the dynamic IoT market," said Jeremy Walker, CEO of IOTA. "We believe our 'Internet of Things Architecture' technology provides everything needed to connect objects to the Internet. By providing an integrated platform, IOTA's technology reduces time-to-market, increases reliability, and makes it easy to turn any standard device or appliance into an intelligent object. Above all, this technology is designed to be a trusted system, smart enough to communicate just the right information in a highly efficient manner to allow devices to have a longer field life without requiring a battery change or new energy supply; and highly secure to protect against unwanted service interruption or data loss. We chose to work with Inventergy Innovations because of its reputation and successful IP strategies for emerging companies in high growth markets."
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Market indicators forecast explosive growth for the IoT applications and services sectors. For example:
Bain & Company predicts that by 2020 annual revenues could exceed $470 billion for the IoT vendors selling the hardware, software and comprehensive solutions.
IHS Markit forecasts that the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025.
