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IOT to Act as Exclusive Advisor to develop Internet of Things opportunities in the Property Tourism Sector IOT Group Limited (ASX: IOT) (“IOT” or “the Company”) is pleased to announce that its Internet of Things (IoT) smart devices and services subsidiary company, OK IOT Group Pty Ltd, has successfully completed a pilot program with PropertyBay Holdings Pty Ltd (PropertyBay) (propertybay.io). The pilot established and developed a road map with regards to devices and services that could be implemented on PropertyBay’s projects. Following its success, IOT will continue to provide consulting services to PropertyBay for an average fee of $100,000 per month. The IoT is the network of physical devices embedded with electronics, software, and sensors that connect and exchange data, creating opportunities for integration of everything, including the physical world, into computer-based systems. It is expected that the development of the IoT products and services will result in efficiency improvements and economic benefits for PropertyBay projects. PropertyBay is an integrated property development and investment company managing unique, luxurious and industry-leading projects from inception to completion. Internet of Things products and services required by PropertyBay are expected to include wearables, drones, payment solution services, security services, communication services, IPTV, energy management and environmental monitoring. |