IMTE Launches Newly Formed IoT Business Unit

Incorporated Media Technology Limited, reported today the dispatch of its recently shaped IoT (Internet of Things) business unit through the section into a contingent consent to get a 70% equity interest in Shenzhen Koala Wisdom Fire Engineering Co., Ltd., an organization that is occupied with marketing and selling IoT solutions.

Shenzhen Koala right now offers the tracking answer for the screen and recognizes the area of items dropped from elevated structures. This innovation will recognize the specific area where items are dropped from and subsequently distinguish the responsible residential/industrial unit. Through this IoT arrangement, it would deter occupants from tossing objects from elevated structures.

Mr. Con Unerkov, Chairman and CEO of IMTE, stated, "This is IMTE's first investment into the growing IoT sector and one we believe will grow very quickly. The IoT sector today is at the top of the agenda of most leading companies. Our strategy within this business sector is to aggressively grow through acquisitions that fit our acquisition / investment strategy."

About Integrated Media Technology Limited:

Integrated Media Technology Limited. is engaged in the business of glass-free 3D (also known as autostereoscopic 3D) display, the manufacture and sale of nano coated plates for air filters, the sale of electronic glass, financial research & data services and the marketing and sale of IoT solutions. The new business operations in air filters, electronic glass, IoT and financial research services are expected to form the foundation of our future growth strategy.