Internet of Things Inc. Provides Update & Outlook On New Hope Group Joint VenturePosted in 2017, News
JOINT VENTURE IS STARTING TO GAIN TRACTION
Toronto, Canada, September 6, 2017 – Internet of Things Inc. (TSX-V:ITT; OTC: INOTF; FRANKFURT: 71T) (“ITT Inc.” or the “Company”) is pleased to announce it has started trials with several leading North American, European and Israeli Internet of Things (IoT) hardware/software, communications and cybersecurity companies. Management anticipates that these initiatives will start generating revenue in Q1 2018.
“We are excited about the opportunities to partner with global IoT hardware/software, communications and cybersecurity companies to bring leading edge industrial IoT products and services to China,” said Michael Frank, CEO of ITT. “ Our JV with New Hope Data , led by its CEO, Michael Agam, has been building out our sales & marketing along with implementation and technical capabilities, which we believe is positioning us, to become a market leader”.
Marketing Strategy Update
ITT Inc. has licensed exclusively the domain: www.theinternetofthings.com and this domain now reroutes users to our corporate website: www.iotintl.com. The Company has also acquired the Facebook url https://www.facebook.com/InternetOfThings. Management believes that these initiatives will improve the ITT Inc.’s online presence and visibility.
About New Hope Group
New Hope Group (en.newhopegroup.com) was founded in 1982. New Hope Group now has more than 600 subsidiaries in 30 countries, with nearly 70,000 employees and annual revenues of nearly 80 Billion Yuan or CAD$15.5 Billion. It is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance, insurance and more. It has a AAA credit rating from China Chengxin International Credit Rating Co. Ltd. (CCXI).
New Hope Group includes New Hope Data Technology Co., Ltd, a Shanghai-based company focused on data acquisition, monitoring, analytics, knowledge transfer through the implementation of cutting-edge IoT technologies as well as professional services and data analytics.
About Internet of Things Inc.
Internet of Things Inc. is an IoT software and solutions provider. The Company acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets, including manufacturing, energy management, agriculture, transportation, social, cybersecurity, e-commerce and fintech. ITT Inc. has entered into a Joint Venture with New Hope Data Technology Co., Ltd, entitled New Hope IoT Intl. Inc. to serve the industrial IoT market in China. The Company has its headquarters in Toronto, Canada.
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For further information, contact:
New Hope IoT Intl Inc.
Tel: +86 156 1832 9573
To learn more, visit: www.newhope-data.com
Internet of Things Inc.
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is not limited to, the relationship between Company and New Hope, the parties entering into definitive agreements with regard to the joint venture, the use of the Company and the joint venture within the New Hope’s manufacturing processes and projected revenue and income of the joint venture. While such forward-looking statements are expressed by the Company, as stated in this release, in good faith and believed by the Company to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investors’ own risk.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE