New Hope IoT Intl Inc Joint Venture Enters Into Channel Agreement With PointGrab for China

Internet of Things (TSXV:ITT) has announced its joint venture, New Hope IoT Intl entered into a channel agreement with PointGrab to market and sell its products in China.

As quoted in the press release:

Leveraging its innovative sensing technology platform, CogniPoint^TM, PointGrab is poised to pioneer the next generation of office workspace optimization solutions. PointGrab provides its smart sensing solution for the smart buildings and commercial real estate technology (CRE-tech) industries. The technology makes it easy for workers to share and find workspace and colleagues, fostering greater collaboration and productivity. CogniPoint^TM also allows users to optimize allocation of physical resources such as workstations, meeting rooms, lighting, HVAC and more, leading to significant cost-savings and improved efficiency.

“Utilizing advanced deep-learning neural networks technology, PointGrab delivers business intelligence through actionable data,” said Michael Frank, Chief Executive Officer of IoT Inc. “Statistics show that the trend of workplace autonomy is here to stay. As such, it’s crucial for organizations to understand how and where employees are using office flex space so that they can optimize usage, realize cost efficiencies and improve overall productivity.”

“With office densification rates having increased across the globe in 2017, combined with evidence of poor space utilization, and the expectation for more productive work environments, the need for workspace management tools has never been so urgent,” said Doron Shachar, Chief Executive Officer of PointGrab Ltd. “Data-driven decision making and occupancy analytics are essential to achieving success in this space. We are excited to partner with the talented team at IoT Inc. and to leverage their extensive connections as we all work towards bringing our technology to market in China.”

Click here to read the full press release.