Internet of Things Inc. (TSX-V: ITT; OTC: INOTF; FSE: 7iT) (“IoT Inc.” or the “Company”), a consolidator of information-pushed industrial IoT organizations, is pleased to announce that New Hope IoT Intl. Inc. (the “JV”) has initiated a pilot software with FreePoint Technologies Inc. (“FreePoint”) to offer real-time manufacturing monitoring answers to New Hope Group portfolio companies. The JV has deployed FreePoint’s ShiftWorx platform to three production machines in its China Chemicals Division in a New Hope Group facility. The gadget is currently collecting statistics and studying output for you to measure real-time manufacturing flows and assess stock control.
Free points ShiftWorx is a commercial IoT platform that delivers actionable statistics from machines and systems on the shop ground immediately to an applicable group of workers. The answer affords transparent real-time information to workers, supervisors, and managers, resulting in a greater responsive and effective manufacturing environment. With minimum to no infrastructure intrusion, free points answers are ideal for a brand new and complex system at the same time as being easily applied to conventional equipment.
“Our JV with New Hope Data is a critical strategic distribution channel into the Chinese market and remains important to each of our sales streams and our consolidation approach,” stated Ron Shuttleworth, CEO of IoT Inc. “The FreePoint solution has been sourced to deal with instantaneous manufacturing and stock control possibilities recognized by our local management group in China.”
“Manufacturers are continuously looking to enhance efficiencies in their operations, and especially to reduce unnecessary downtime. We are confident that working with FreePoint and tasty the extraordinarily professional New Hope Group employees will translate into progressed system usage, manufacturing throughput, and inventory visibility,” said Li Hui Wen, CEO of New Hope IoT Intl. Inc. “A successful pilot will permit vast deployment throughout the New Hope Group network of companies.”
About New Hope Group & Shanghai New Hope Data Technology Co. Ltd.
New Hope Group (newhopegroup.Com) turned into based in 1982 and is a Chinese agricultural and business conglomerate with extra than six hundred subsidiaries in 30 international locations, nearly 70,000 employees, and annual sales of over one hundred thirty Billion Yuan ($25.7 Billion). Shanghai New Hope Data Technology Co., Ltd., a subsidiary of New Hope Group, is a business IoT / ‘Industry 4. Zero’ solutions provider. They are focused on the virtual transformation of factories and supply chains and have a joint undertaking with the Internet of Things Inc.
About FreePoint Technologies Inc.
FreePoint presents Industrial Internet of Things (IIoT) software to manufacturers worldwide, helping them effortlessly, unexpectedly, and fee-successfully connect with their machines and people, turning in immediate upgrades in situational awareness and operational performance on the manufacturing ground.
About the Internet of Things Inc.
Internet of Things Inc. Consolidates statistics-pushed industrial IoT corporations. The Company owns Weather Telematics Inc., has a joint undertaking channel partnership with Shanghai New Hope Data Technology Co. Ltd., and is headquartered in Toronto, Canada.
