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Charttechnisch sieht die Aktie gut aus und agiert in einem Umfeld, das in den nächsten Jahren sehr gefragt ist.
Charttechnisch sieht die Aktie gut aus und agiert in einem Umfeld, das in den nächsten Jahren sehr gefragt ist.
IoT Präsentation
http://iotintl.com/presentations/
nternet of Things Inc. to Combine Data Analytics With IoT Applications for Enhanced Production and Operational Efficiencies
Posted in 2017, News
TORONTO, ON–(March 30, 2017) – Internet of Things Inc. (TSX VENTURE: ITT) (FRANKFURT: 71T) (“IoT Inc.” or the “Company“), an IoT software and solutions provider, is providing additional insight into the recently announced New Hope – IoT Inc. joint venture.
IoT Inc.’s planned joint venture partnership with New Hope Data Technology Co., Ltd., a New Hope Group affiliated and invested company (collectively “New Hope“), is focused on bringing industrial IoT solutions to Chinese factories. As part of this program, New Hope has built out a robust data analytics platform and a professional services team, that works with factory management to monitor and analyze industrial processes and inputs, converting them into actionable insight and knowledge. This helps management improve operational stability, product quality, profitability and reduce downtime.
One of the key challenges that many Chinese factories face, is lack of common communication interfaces between the machines, operators and managers. According to GSMA, China leads the world in the adoption of Machine-to-Machine (“M2M“) services, with 74 million connections at the end of 2014, representing almost a third of the global base, and is expected to grow at an annual rate of 29% to reach 336 million connections by 2020. M2M connections, which involve connecting multiple machines, devices and appliances to the internet by multiple networks, are a key part of the Internet of Things.
International Data Corporation (“IDC“) research identifies the Internet of Things as one of the key drivers to the Chinese Government’s National Industry Innovation strategy, as it serves as an important driver to transform and upgrade traditional industries. At present, Chinese industrial enterprises’ status is often described as Industrial 3.0 as they require significant improvements, especially in cost control, production efficiency and process management. More importantly, the Internet of Things combined with Big Data, will help push forward the third wave of China’s information technology transformation. IDC projects that the Industrial IoT market in China alone will grow from US$215.5 Billion in 2016 to US$361.0 Billion by 2020.
According to New Hope, “there are thousands of Chinese factories just in the chemical industry sector alone that still rely on paper-based reporting systems. In addition, banks are now requesting that Chinese manufacturers institute Industrial IoT solutions, in order to help them mitigate operational and financial risks. New Hope is looking to partner with providers of IoT solutions that address this M2M communication gap; provide real-time plant and equipment monitoring and analytics; provide predicative monitoring and analytics capabilities; and advanced energy management systems. The goal is to help New Hope’s network of factories and businesses, in addition, to other customers across China to become part of the Industry 4.0 revolution.”
“We believe that New Hope’s Big Data platform, will enable our joint venture to clearly differentiate itself, and provide customers with leading end-to-end solutions for their growing Industrial IoT requirements,” said Michael Frank, IoT Inc.’s President & CEO. “Our vision includes integrating a suite of IoT solutions in a modular way, which will meet the needs of individual organizations amongst the New Hope owned factories and other manufacturing facilities across China.”
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. 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. (TSX VENTURE: ITT) (FRANKFURT: 71T)
Internet of Things Inc. (www.iotintl.com) is an Internet of Things (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 has its headquarters in Toronto, Canada.
Follow Internet of Things On:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/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
For further information, contact:
New Hope
Naomi Chen
Executive Vice-President Industry, Technology & Investments
New Hope Chemical Industry Investment Co., Ltd.
Tel: +86 18081160220
Email: chenxy@newhope.cn
To learn more, visit: www.newhope-data.com
For further information, contact:
Internet of Things Inc.
Michael Frank
President & CEO
Tel: (416) 677-9277
Email: mfrank@iotintl.com
To learn more, visit: www.iotintl.com
Quelle:
http://iotintl.com/internet-of-things-inc-to-combine-data-an…
Posted in 2017, News
TORONTO, ON–(March 30, 2017) – Internet of Things Inc. (TSX VENTURE: ITT) (FRANKFURT: 71T) (“IoT Inc.” or the “Company“), an IoT software and solutions provider, is providing additional insight into the recently announced New Hope – IoT Inc. joint venture.
IoT Inc.’s planned joint venture partnership with New Hope Data Technology Co., Ltd., a New Hope Group affiliated and invested company (collectively “New Hope“), is focused on bringing industrial IoT solutions to Chinese factories. As part of this program, New Hope has built out a robust data analytics platform and a professional services team, that works with factory management to monitor and analyze industrial processes and inputs, converting them into actionable insight and knowledge. This helps management improve operational stability, product quality, profitability and reduce downtime.
One of the key challenges that many Chinese factories face, is lack of common communication interfaces between the machines, operators and managers. According to GSMA, China leads the world in the adoption of Machine-to-Machine (“M2M“) services, with 74 million connections at the end of 2014, representing almost a third of the global base, and is expected to grow at an annual rate of 29% to reach 336 million connections by 2020. M2M connections, which involve connecting multiple machines, devices and appliances to the internet by multiple networks, are a key part of the Internet of Things.
International Data Corporation (“IDC“) research identifies the Internet of Things as one of the key drivers to the Chinese Government’s National Industry Innovation strategy, as it serves as an important driver to transform and upgrade traditional industries. At present, Chinese industrial enterprises’ status is often described as Industrial 3.0 as they require significant improvements, especially in cost control, production efficiency and process management. More importantly, the Internet of Things combined with Big Data, will help push forward the third wave of China’s information technology transformation. IDC projects that the Industrial IoT market in China alone will grow from US$215.5 Billion in 2016 to US$361.0 Billion by 2020.
According to New Hope, “there are thousands of Chinese factories just in the chemical industry sector alone that still rely on paper-based reporting systems. In addition, banks are now requesting that Chinese manufacturers institute Industrial IoT solutions, in order to help them mitigate operational and financial risks. New Hope is looking to partner with providers of IoT solutions that address this M2M communication gap; provide real-time plant and equipment monitoring and analytics; provide predicative monitoring and analytics capabilities; and advanced energy management systems. The goal is to help New Hope’s network of factories and businesses, in addition, to other customers across China to become part of the Industry 4.0 revolution.”
“We believe that New Hope’s Big Data platform, will enable our joint venture to clearly differentiate itself, and provide customers with leading end-to-end solutions for their growing Industrial IoT requirements,” said Michael Frank, IoT Inc.’s President & CEO. “Our vision includes integrating a suite of IoT solutions in a modular way, which will meet the needs of individual organizations amongst the New Hope owned factories and other manufacturing facilities across China.”
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. 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. (TSX VENTURE: ITT) (FRANKFURT: 71T)
Internet of Things Inc. (www.iotintl.com) is an Internet of Things (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 has its headquarters in Toronto, Canada.
Follow Internet of Things On:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/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
For further information, contact:
New Hope
Naomi Chen
Executive Vice-President Industry, Technology & Investments
New Hope Chemical Industry Investment Co., Ltd.
Tel: +86 18081160220
Email: chenxy@newhope.cn
To learn more, visit: www.newhope-data.com
For further information, contact:
Internet of Things Inc.
Michael Frank
President & CEO
Tel: (416) 677-9277
Email: mfrank@iotintl.com
To learn more, visit: www.iotintl.com
Quelle:
http://iotintl.com/internet-of-things-inc-to-combine-data-an…
Die 60 Tagesfrist von der in dieser News gesprochen sind rum - kommt da bald die Entscheidung?
Soeben kam die News!
Internet of Things Inc. Enters Joint Venture Agreement With Chinese Global Conglomerate New Hope Group
$15 Billion New Hope Group & Internet of Things Inc. to Launch JV to Lead the Industrial Iot Market in China
TORONTO, ON & SHANGHAI, CHINA --(Marketwired - May 30, 2017) - Internet of Things Inc. (TSX VENTURE: ITT) (OTC PINK: INOTF) (FRANKFURT: 71T) ("ITT Inc." or the "Company") and New Hope Data Technology Co., Ltd. are pleased to announce the signing of a joint venture agreement based on the Letter of Intent announced on March 15, 2017. ITT Inc. is an Internet of Things ("IoT") software and solutions provider, which acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets. New Hope Data Technology Co., Ltd., a New Hope Group affiliated and investee company ("New Hope") provides data acquisition, monitoring, data analytics, professional services and knowledge transfer through the implementation of cutting-edge IoT technologies. New Hope is one of China's largest privately-owned entities and in the Top 500 Enterprises for 14 consecutive years. With more than 600 subsidiaries and nearly 70,000 employees and annual revenues of approximately 80 Billion Yuan or $15.5 Billion, New Hope is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance and insurance. The joint venture will be focused on bringing global industrial IoT solutions to New Hope owned factories, as well as other manufacturing facilities across China and will be called New Hope IoT Intl. Inc. (the "NHG-ITT JV" or the "JV").
Chinese industries are rapidly modernizing to remain competitive globally. Broad adoption of IoT technologies to improve industrial efficiency could produce cumulative growth for China's GDP of US$1.8 Trillion by 2030, analysts from Accenture recently reported.
Under the terms of the JV, ITT Inc. will hold a 51% interest and will be responsible for providing global industrial IoT technologies such as sensors, predictive analytics and secured wireless, among other technologies to New Hope's network of more than 600 factories and businesses, in addition to other customers across mainland China. New Hope will hold a 49% interest in the JV and its sales and marketing team, big data platform and IT consultants will be responsible for the JV day-to-day operations. New Hope will also invest initially $2 Million as an operating and working capital loan into the JV.
As consideration for New Hope entering into the 30-year joint venture partnership and for providing resources, personnel, finance and all other support for the start of the JV, ITT Inc. will issue 28 million common shares to New Hope. These shares will be subject to performance milestones based upon: (i) the JV generating $3.5 million in aggregate net income over the first three years; (ii) annual releases from escrow as net income is achieved on a pro-rata basis; (iii) a 12-month leak-out in 12 equal monthly installments for each annual release of shares; and (iv) regulatory resale restrictions and TSX Venture Exchange approval.
In addition to the JV securing strategic distribution partnerships with various leading IoT technology companies around the world, it also plans to negotiate options to purchase equity in software and solution providers from which it secures distribution rights.
"We are very excited to be launching in China with such a strong joint venture partner in New Hope, who shares our vision and drive in building out the leading Chinese industrial IoT platform. This recurring annual revenue model in partnership with New Hope's network of factories and businesses is expected to provide ITT Inc. with ongoing revenue and a profitable income stream," said Michael Frank, CEO of ITT Inc.
Mr. Zhao Gang, Chairman of New Hope Data Technology Co., Ltd. commented, "We have spent the past 14 months working with the ITT Inc. team and we are looking forward to launching the New Hope Data-Internet of Things Inc. JV. New Hope Data has already built out a robust data analytics platform and a professional services team, that currently is working with factories in China to monitor and analyze industrial processes and inputs, converting them into actionable insights and knowledge. This helps the factories' management teams improve operational stability, product quality, profitability and reduce downtime. We see a significant market gap that can be filled with the products and services that the JV will be providing for our internal network of factories and external customers across China."
Goldenmount Capital International Inc. acted as an advisor to ITT Inc. on the transaction. ITT Inc. shall pay a finder's fee of $15,000 in cash and will issue 1.5 million common shares to Goldenmount Capital International Inc. for services provided upon closing, subject to regulatory approval.
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. (www.iotintl.com) is an Internet of Things (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 has its headquarters in Toronto, Canada.
Follow Internet of Things Inc. On:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/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
For further information, contact:
New Hope
Naomi Chen
Executive Vice-President Industry, Technology & Investments
New Hope Chemical Industry Investment Co., Ltd.
Tel: +86 18081160220
Email: chenxy@newhope.cn
To learn more, visit: www.newhope-data.com
Internet of Things Inc.
Michael Frank
President & CEO
Tel: (416) 677-9277
Email: mfrank@iotintl.com
To learn more, visit: www.iotintl.com
Read more at http://www.stockhouse.com/news/press-releases/2017/05/30/int…
Internet of Things Inc. Enters Joint Venture Agreement With Chinese Global Conglomerate New Hope Group
$15 Billion New Hope Group & Internet of Things Inc. to Launch JV to Lead the Industrial Iot Market in China
TORONTO, ON & SHANGHAI, CHINA --(Marketwired - May 30, 2017) - Internet of Things Inc. (TSX VENTURE: ITT) (OTC PINK: INOTF) (FRANKFURT: 71T) ("ITT Inc." or the "Company") and New Hope Data Technology Co., Ltd. are pleased to announce the signing of a joint venture agreement based on the Letter of Intent announced on March 15, 2017. ITT Inc. is an Internet of Things ("IoT") software and solutions provider, which acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets. New Hope Data Technology Co., Ltd., a New Hope Group affiliated and investee company ("New Hope") provides data acquisition, monitoring, data analytics, professional services and knowledge transfer through the implementation of cutting-edge IoT technologies. New Hope is one of China's largest privately-owned entities and in the Top 500 Enterprises for 14 consecutive years. With more than 600 subsidiaries and nearly 70,000 employees and annual revenues of approximately 80 Billion Yuan or $15.5 Billion, New Hope is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance and insurance. The joint venture will be focused on bringing global industrial IoT solutions to New Hope owned factories, as well as other manufacturing facilities across China and will be called New Hope IoT Intl. Inc. (the "NHG-ITT JV" or the "JV").
Chinese industries are rapidly modernizing to remain competitive globally. Broad adoption of IoT technologies to improve industrial efficiency could produce cumulative growth for China's GDP of US$1.8 Trillion by 2030, analysts from Accenture recently reported.
Under the terms of the JV, ITT Inc. will hold a 51% interest and will be responsible for providing global industrial IoT technologies such as sensors, predictive analytics and secured wireless, among other technologies to New Hope's network of more than 600 factories and businesses, in addition to other customers across mainland China. New Hope will hold a 49% interest in the JV and its sales and marketing team, big data platform and IT consultants will be responsible for the JV day-to-day operations. New Hope will also invest initially $2 Million as an operating and working capital loan into the JV.
As consideration for New Hope entering into the 30-year joint venture partnership and for providing resources, personnel, finance and all other support for the start of the JV, ITT Inc. will issue 28 million common shares to New Hope. These shares will be subject to performance milestones based upon: (i) the JV generating $3.5 million in aggregate net income over the first three years; (ii) annual releases from escrow as net income is achieved on a pro-rata basis; (iii) a 12-month leak-out in 12 equal monthly installments for each annual release of shares; and (iv) regulatory resale restrictions and TSX Venture Exchange approval.
In addition to the JV securing strategic distribution partnerships with various leading IoT technology companies around the world, it also plans to negotiate options to purchase equity in software and solution providers from which it secures distribution rights.
"We are very excited to be launching in China with such a strong joint venture partner in New Hope, who shares our vision and drive in building out the leading Chinese industrial IoT platform. This recurring annual revenue model in partnership with New Hope's network of factories and businesses is expected to provide ITT Inc. with ongoing revenue and a profitable income stream," said Michael Frank, CEO of ITT Inc.
Mr. Zhao Gang, Chairman of New Hope Data Technology Co., Ltd. commented, "We have spent the past 14 months working with the ITT Inc. team and we are looking forward to launching the New Hope Data-Internet of Things Inc. JV. New Hope Data has already built out a robust data analytics platform and a professional services team, that currently is working with factories in China to monitor and analyze industrial processes and inputs, converting them into actionable insights and knowledge. This helps the factories' management teams improve operational stability, product quality, profitability and reduce downtime. We see a significant market gap that can be filled with the products and services that the JV will be providing for our internal network of factories and external customers across China."
Goldenmount Capital International Inc. acted as an advisor to ITT Inc. on the transaction. ITT Inc. shall pay a finder's fee of $15,000 in cash and will issue 1.5 million common shares to Goldenmount Capital International Inc. for services provided upon closing, subject to regulatory approval.
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. (www.iotintl.com) is an Internet of Things (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 has its headquarters in Toronto, Canada.
Follow Internet of Things Inc. On:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/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
For further information, contact:
New Hope
Naomi Chen
Executive Vice-President Industry, Technology & Investments
New Hope Chemical Industry Investment Co., Ltd.
Tel: +86 18081160220
Email: chenxy@newhope.cn
To learn more, visit: www.newhope-data.com
Internet of Things Inc.
Michael Frank
President & CEO
Tel: (416) 677-9277
Email: mfrank@iotintl.com
To learn more, visit: www.iotintl.com
Read more at http://www.stockhouse.com/news/press-releases/2017/05/30/int…
Trading Spotlight
Soeben kam die News!
Internet of Things Inc. Enters Joint Venture Agreement With Chinese Global Conglomerate New Hope Group
$15 Billion New Hope Group & Internet of Things Inc. to Launch JV to Lead the Industrial Iot Market in China
TORONTO, ON & SHANGHAI, CHINA --(Marketwired - May 30, 2017) - Internet of Things Inc. (TSX VENTURE: ITT) (OTC PINK: INOTF) (FRANKFURT: 71T) ("ITT Inc." or the "Company") and New Hope Data Technology Co., Ltd. are pleased to announce the signing of a joint venture agreement based on the Letter of Intent announced on March 15, 2017. ITT Inc. is an Internet of Things ("IoT") software and solutions provider, which acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets. New Hope Data Technology Co., Ltd., a New Hope Group affiliated and investee company ("New Hope") provides data acquisition, monitoring, data analytics, professional services and knowledge transfer through the implementation of cutting-edge IoT technologies. New Hope is one of China's largest privately-owned entities and in the Top 500 Enterprises for 14 consecutive years. With more than 600 subsidiaries and nearly 70,000 employees and annual revenues of approximately 80 Billion Yuan or $15.5 Billion, New Hope is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance and insurance. The joint venture will be focused on bringing global industrial IoT solutions to New Hope owned factories, as well as other manufacturing facilities across China and will be called New Hope IoT Intl. Inc. (the "NHG-ITT JV" or the "JV").
Chinese industries are rapidly modernizing to remain competitive globally. Broad adoption of IoT technologies to improve industrial efficiency could produce cumulative growth for China's GDP of US$1.8 Trillion by 2030, analysts from Accenture recently reported.
Under the terms of the JV, ITT Inc. will hold a 51% interest and will be responsible for providing global industrial IoT technologies such as sensors, predictive analytics and secured wireless, among other technologies to New Hope's network of more than 600 factories and businesses, in addition to other customers across mainland China. New Hope will hold a 49% interest in the JV and its sales and marketing team, big data platform and IT consultants will be responsible for the JV day-to-day operations. New Hope will also invest initially $2 Million as an operating and working capital loan into the JV.
As consideration for New Hope entering into the 30-year joint venture partnership and for providing resources, personnel, finance and all other support for the start of the JV, ITT Inc. will issue 28 million common shares to New Hope. These shares will be subject to performance milestones based upon: (i) the JV generating $3.5 million in aggregate net income over the first three years; (ii) annual releases from escrow as net income is achieved on a pro-rata basis; (iii) a 12-month leak-out in 12 equal monthly installments for each annual release of shares; and (iv) regulatory resale restrictions and TSX Venture Exchange approval.
In addition to the JV securing strategic distribution partnerships with various leading IoT technology companies around the world, it also plans to negotiate options to purchase equity in software and solution providers from which it secures distribution rights.
"We are very excited to be launching in China with such a strong joint venture partner in New Hope, who shares our vision and drive in building out the leading Chinese industrial IoT platform. This recurring annual revenue model in partnership with New Hope's network of factories and businesses is expected to provide ITT Inc. with ongoing revenue and a profitable income stream," said Michael Frank, CEO of ITT Inc.
Mr. Zhao Gang, Chairman of New Hope Data Technology Co., Ltd. commented, "We have spent the past 14 months working with the ITT Inc. team and we are looking forward to launching the New Hope Data-Internet of Things Inc. JV. New Hope Data has already built out a robust data analytics platform and a professional services team, that currently is working with factories in China to monitor and analyze industrial processes and inputs, converting them into actionable insights and knowledge. This helps the factories' management teams improve operational stability, product quality, profitability and reduce downtime. We see a significant market gap that can be filled with the products and services that the JV will be providing for our internal network of factories and external customers across China."
Goldenmount Capital International Inc. acted as an advisor to ITT Inc. on the transaction. ITT Inc. shall pay a finder's fee of $15,000 in cash and will issue 1.5 million common shares to Goldenmount Capital International Inc. for services provided upon closing, subject to regulatory approval.
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. (www.iotintl.com) is an Internet of Things (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 has its headquarters in Toronto, Canada.
Follow Internet of Things Inc. On:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/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
For further information, contact:
New Hope
Naomi Chen
Executive Vice-President Industry, Technology & Investments
New Hope Chemical Industry Investment Co., Ltd.
Tel: +86 18081160220
Email: chenxy@newhope.cn
To learn more, visit: www.newhope-data.com
Internet of Things Inc.
Michael Frank
President & CEO
Tel: (416) 677-9277
Email: mfrank@iotintl.com
To learn more, visit: www.iotintl.com
Read more at http://www.stockhouse.com/news/press-releases/2017/05/30/int…
Internet of Things Inc. Enters Joint Venture Agreement With Chinese Global Conglomerate New Hope Group
$15 Billion New Hope Group & Internet of Things Inc. to Launch JV to Lead the Industrial Iot Market in China
TORONTO, ON & SHANGHAI, CHINA --(Marketwired - May 30, 2017) - Internet of Things Inc. (TSX VENTURE: ITT) (OTC PINK: INOTF) (FRANKFURT: 71T) ("ITT Inc." or the "Company") and New Hope Data Technology Co., Ltd. are pleased to announce the signing of a joint venture agreement based on the Letter of Intent announced on March 15, 2017. ITT Inc. is an Internet of Things ("IoT") software and solutions provider, which acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets. New Hope Data Technology Co., Ltd., a New Hope Group affiliated and investee company ("New Hope") provides data acquisition, monitoring, data analytics, professional services and knowledge transfer through the implementation of cutting-edge IoT technologies. New Hope is one of China's largest privately-owned entities and in the Top 500 Enterprises for 14 consecutive years. With more than 600 subsidiaries and nearly 70,000 employees and annual revenues of approximately 80 Billion Yuan or $15.5 Billion, New Hope is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance and insurance. The joint venture will be focused on bringing global industrial IoT solutions to New Hope owned factories, as well as other manufacturing facilities across China and will be called New Hope IoT Intl. Inc. (the "NHG-ITT JV" or the "JV").
Chinese industries are rapidly modernizing to remain competitive globally. Broad adoption of IoT technologies to improve industrial efficiency could produce cumulative growth for China's GDP of US$1.8 Trillion by 2030, analysts from Accenture recently reported.
Under the terms of the JV, ITT Inc. will hold a 51% interest and will be responsible for providing global industrial IoT technologies such as sensors, predictive analytics and secured wireless, among other technologies to New Hope's network of more than 600 factories and businesses, in addition to other customers across mainland China. New Hope will hold a 49% interest in the JV and its sales and marketing team, big data platform and IT consultants will be responsible for the JV day-to-day operations. New Hope will also invest initially $2 Million as an operating and working capital loan into the JV.
As consideration for New Hope entering into the 30-year joint venture partnership and for providing resources, personnel, finance and all other support for the start of the JV, ITT Inc. will issue 28 million common shares to New Hope. These shares will be subject to performance milestones based upon: (i) the JV generating $3.5 million in aggregate net income over the first three years; (ii) annual releases from escrow as net income is achieved on a pro-rata basis; (iii) a 12-month leak-out in 12 equal monthly installments for each annual release of shares; and (iv) regulatory resale restrictions and TSX Venture Exchange approval.
In addition to the JV securing strategic distribution partnerships with various leading IoT technology companies around the world, it also plans to negotiate options to purchase equity in software and solution providers from which it secures distribution rights.
"We are very excited to be launching in China with such a strong joint venture partner in New Hope, who shares our vision and drive in building out the leading Chinese industrial IoT platform. This recurring annual revenue model in partnership with New Hope's network of factories and businesses is expected to provide ITT Inc. with ongoing revenue and a profitable income stream," said Michael Frank, CEO of ITT Inc.
Mr. Zhao Gang, Chairman of New Hope Data Technology Co., Ltd. commented, "We have spent the past 14 months working with the ITT Inc. team and we are looking forward to launching the New Hope Data-Internet of Things Inc. JV. New Hope Data has already built out a robust data analytics platform and a professional services team, that currently is working with factories in China to monitor and analyze industrial processes and inputs, converting them into actionable insights and knowledge. This helps the factories' management teams improve operational stability, product quality, profitability and reduce downtime. We see a significant market gap that can be filled with the products and services that the JV will be providing for our internal network of factories and external customers across China."
Goldenmount Capital International Inc. acted as an advisor to ITT Inc. on the transaction. ITT Inc. shall pay a finder's fee of $15,000 in cash and will issue 1.5 million common shares to Goldenmount Capital International Inc. for services provided upon closing, subject to regulatory approval.
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. (www.iotintl.com) is an Internet of Things (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 has its headquarters in Toronto, Canada.
Follow Internet of Things Inc. On:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/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
For further information, contact:
New Hope
Naomi Chen
Executive Vice-President Industry, Technology & Investments
New Hope Chemical Industry Investment Co., Ltd.
Tel: +86 18081160220
Email: chenxy@newhope.cn
To learn more, visit: www.newhope-data.com
Internet of Things Inc.
Michael Frank
President & CEO
Tel: (416) 677-9277
Email: mfrank@iotintl.com
To learn more, visit: www.iotintl.com
Read more at http://www.stockhouse.com/news/press-releases/2017/05/30/int…
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