Pareteum Corporation (fka TEUM)

[Quintessence]

Why a Growing Number of Companies are Embracing Artificial Intelligence & Internet of Things Technologies

https://www.marketwatch.com/press-release/why-a-growing-number-of-companies-are-embracing-artificial-intelligence-internet-of-things-technologies-2018-09-25

Pareteum Corporation TEUM, -0.67% recently announced that its Managed Service Platform (MSP) has been chosen in a five-year, $38 Million contract with an IoT and MVNO provider in Asia. This new enterprise customer will use IoT services powered by the Pareteum MSP, and thereby be able to offer a fully-integrated software solution that delivers flexibility through multi-country branded services, digital applications, data services, and traditional mobile services to its subscribers. Under the terms of the contract, Pareteum will support this new customer's efforts to expand its business throughout southern Asia, including its plans to add WiFi, Blockchain, M2M, and Smart City solutions. Vic Bozzo, CEO of Pareteum, stated, "This global enterprise client aims to use Pareteum's MSP to take the market by storm. Our goal is to provide the tools and technology to make that happen. The disruption of industry standards is alive, and it is here and now."