LiteLink Technologies (CSE:LLT,OTC:LLNKF) has entered into a definitive agreement to acquire Internet of Things (IoT) sensor technologies for the waste and container management industry.
As quoted in the press release:
As the global population approaches 8 billion, continued population density and growth inevitably increases the volume of garbage and recycling, putting additional pressure on the waste management industry. Industrial smart bin monitoring is a revolutionary way to drive greater optimization and efficiency for operators. With IoT sensors, all parties know the fill-level of containers, and can predict pick-up and processing costs which, in turn, improves pick-up scheduling, profitability, and optimization.