iQSTEL, Inc. (OTCQX: IQST) announced that the company, with its subsidiary, IoT Labs LLC, has entered into a memorandum of understanding (MOU) with BASF Corporation to field test IoT Labs award-winning IoTSmartTank technology.
The non-binding MOU memorializes a new agreement to move forward with field testing started under a letter of intent (LOI) between the parties on April 29, 2021. IoTLabs has been engaged and working with BASF through a process of product exploration, learning, familiarization, installation, use, and testing of IoTSmartTank Devices at a BASF plant.
This is a major catalyst for growth! Collaborating with companies after companies!
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