Sequans Communications | January 06, 2022
Sequans Communications S.A., a leading provider of cellular IoT chips and modules, announced today an expansion of its existing 4G/5G licensing agreements with Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, granting special rights to Renesas that strengthen the go-to-market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. In particular, by building on Renesas' extensive sales, distribution and customer support capabilities, the deal allows Sequans to expand its serviceable addressable market to India. Additionally, Renesas will take a small equity stake in Sequans, and Renesas' Executive Vice President and Head of IoT and Infrastructure business unit, Dr. Sailesh Chittipeddi, will be nominated for election to the Sequans board of directors at the June 2022 shareholder meeting. The combined value of the business agreements and the equity investment, which is expected to close by January 14, 2022 subject to customary closing conditions, is approximately $20 million.
These multi-year agreements are designed to allow Sequans and Renesas to achieve several mutually beneficial goals. First, the agreements provide better control of manufacturing and product cost, which is especially important given the current supply challenges. Second, the agreements reinforce the joint product offerings and expand market opportunities. Third, the equity stake and board seat facilitate management alignment to strengthen the partnership and make the joint business successful.
"We are pleased to further strengthen our relationship with Renesas with both the LTE-M/NB-IoT and 5G businesses, as well as the opportunity to add Dr. Chittipeddi to the Sequans board. The expanded agreements reinforce our sales strategy and provide access to numerous new opportunities with a unique competitive solution while allowing us to leverage Renesas' strong global brand and manufacturing advantages."
Georges Karam, CEO of Sequans
"Renesas values Sequans' comprehensive cellular IoT offering, which brings our global customers and us advanced 4G/5G IoT capabilities that can address the broadest scope of applications and develop new markets with unique needs," said Dr. Sailesh Chittipeddi. "Our deepening collaboration with Sequans enhances our global presence with best-in-class cellular IoT solutions."
Sequans Communications S.A. is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China.
SOFTWARE AND TOOLS
KeepTruckin | April 12, 2022
KeepTruckin has changed its name to Motive, underscoring its expanded focus and direction. Alongside its rebrand, Motive has launched the Automated Operations Platform, a combination of IoT hardware and AI-powered applications that connect and automate physical operations.
The global middle class has tripled over the last 20 years to more than 1.7 billion people. As incomes rise, so does consumption — more energy, more food, more housing, more manufactured products. More of everything. But it’s not just consumption that’s on the rise. Expectations around quality, reliability, and speed of delivery are higher than ever. This exponential increase in demand combined with continuously rising expectations is placing unprecedented strain on the industries that power the physical economy — agriculture, manufacturing, construction, field services, trucking and logistics, and many more are struggling to keep up.
“Almost 50% of global GDP comes from the physical economy,” said Shoaib Makani, CEO of Motive. “And yet, it has been largely ignored by the technology industry.”
Founded in 2013, Motive builds technology to improve the safety, productivity, and profitability of physical operations. While its early customers were trucking companies, today Motive serves a broad range of industries across the physical economy.
“Changing our name to Motive better reflects the diversity of customers we serve and problems we solve,” said Makani.
To address the needs of its expanding customer base, Motive has launched the Automated Operations Platform. The platform combines IoT hardware with AI-powered applications that automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and more.
“Our technology provides businesses with real-time visibility into their operations and enables AI-based automation of key workflows. By identifying the risks, problems, and opportunities companies have, and automatically taking actions on behalf of managers, Motive’s applications improve the safety, productivity, and profitability of physical operations.”
Jai Ranganathan, Chief Product Officer at Motive.
Motive builds technology to improve the safety, productivity, and profitability of businesses that power the physical economy. The Motive Automated Operations Platform combines IoT hardware with AI-powered applications to automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and more. Motive serves more than 120,000 businesses, across a wide range of industries including trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit, and delivery.
Lantronix | February 02, 2022
Lantronix Inc., a global provider of secure turnkey solutions for intelligent IT and Internet of Things (IoT), today announced its launch of application-specific industrial IoT solutions that address concerns in Industry 4.0, Security and Transport markets with its G520 Series Smart cellular IoT devices and services. Now available are the G520 Industrial, a competitive cellular industrial protocol converter router; and G520 Security, a high-speed LTE CAT13 and 5G communication router to reduce cybersecurity threats. G520 Transport will be launched later in 2022.
The G520 industrial and security gateways offer a complete solution and comes pre-configured with Lantronix’s award-winning ConsoleFlow™ cloud-based device management, which increases operational efficiency by providing a single pane from which to manage remote assets. It also comes pre-configured for Lantronix Connectivity Services, which provide North American and global cellular data plans and VPN security with an easy-to-use cloud platform to manage SIMs and services.
“In response to the rapidly growing Industrial IoT market, Lantronix delivers competitive solutions that address and solve the market’s challenges. Our offerings of software, hardware and connectivity services provide our customers with the proven integration and ease-of-use needed for success in today’s IoT-driven world.”
Paul Pickle, CEO of Lantronix
According to Berg Insight, global cellular IoT device shipments increased by 14 percent in 2020 to reach 302.7 million units and are forecasted to grow at a compound annual growth rate (CAGR) of 15.8 percent to reach 629.6 million units by 2025.
Now available are:
G520 Industrial, which is an industrial-grade competitive Protocol conversion router with LTE communication, multiple interfaces and Fieldbus protocol conversions (e.g., Modbus, DNP3 and IEC) that are provisioned in minutes using the ConsoleFlow platform.
G520 Security, which supports high-speed LTE cat13 and 5G, reducing the possibility of cyberattacks with its dedicated quantum Security chip and Lantronix’s proprietary InfiniShield™ software suite while its small form factor and Power Over Ethernet function simplify deployment.
Coming soon is:
G520 Transport, which delivers the ultimate hybrid solution based on Lantronix’s 25 years of experience in telematics gateways and Wi-Fi mobile routing. With Wi-Fi on vehicle, location base, sensor enabled and CAN bus reading, G520 Transport is an easy-to-deploy and safely managed solution.
Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware. Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions. Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications.
Marston Holdings | January 19, 2022
Marston Holdings, the UK's leading provider of integrated, technology-enabled transport solutions, has announced its acquisition of Vortex IoT Limited, supplier of environmental sensors, networks and data solutions that support improved air quality and decarbonisation initiatives.
Marston supports government, utilities and private sector clients through the delivery of market leading integrated technology-enabled solutions from design through to implementation, management and recovery. Marston's clients include local authorities seeking to build environmental schemes that reduce congestion and pollution. With the acquisition of Vortex, Marston will strengthen its offering by delivering complementary air quality and acoustic monitoring solutions that maximise awareness, identify pollution hotspots and improve public health.
Air quality monitors and associated data and analytics are required to assess the success of policy in meeting clean air targets and Marston is excited to extend its technology offering to include these important and timely solutions. The acquisition of Vortex follows the 2019 acquisitions of Videalert, a supplier of intelligent traffic management solutions; ParkTrade, a Swedish-based European tolling payments and collections business; and LogicValley, an Indian-based AI-focused developer. Vortex's products further bolster Marston's transportation technology division, ensuring Marston is best placed to meet the evolving needs of its client base.
Steve Callaghan, Chair of Marston Holdings, commented: "Marston Holdings has been on a journey of enhancing technological capability and I'm delighted that Vortex IoT's innovative solutions now form part of our end-to-end offering delivering cleaner, greener streets."
"We have a long track record of successfully working in partnership with the public sector and this acquisition reflects client feedback seeking innovative, technology-enabled solutions," added Mark Hoskin, Chief Commercial Officer at Marston Holdings. "COP26 demonstrated public support for driving the transition to a zero-carbon economy. We are pleased to further enhance our ability to support our clients and their residents through cleaner, healthier and more people-friendly communities."
"Joining Marston Holdings accelerates our ability to deliver social value and environmental change for clients. We are delighted to collectively build on the existing relationships we have established as trusted partners to our clients."
Adrian Sutton, CEO of Vortex IoT
About Marston Holdings
Marston Holdings is the UK's largest provider of transportation and enforcement services supporting government, utilities and private sector clients. Employing over 6,000 staff and contractors across the UK, Europe and India, Marston Holdings' clients include Highways England, Transport for London and 280 local authorities.
About Vortex IoT Limited
Vortex IoT is a UK based company at the forefront of smart city technologies. The company builds environmental sensors, networks and data solutions to support decarbonisation efforts globally. As experts in the latest IoT, AI, 5G and LiDAR technology, Vortex enables smart cities and smart infrastructures to become more efficient, safer and greener.