CORRECTION: Technology Stocks Benefiting from Billion Dollar Internet of Things Revolution
Palm Beach, FL – (October 24, 2018) – Tech stocks and stocks in general this week have been under pressure a bit to generate positive momentum, but there are a number of new secular trends which many are looking to remain exposed to in the long-term. An active sector of late with most exciting future might just be the Internet of Things (IoT), a world of interconnected household and industrial devices. The Internet of Things encompasses everything connected to the internet. As demand for the newest and innovative IoT devices continues to grow companies focused on IoT product development will continue to benefit. Data from McKinsey predicts that spending related to IoT will be north of $580 billion by 2020, presenting tremendous opportunity from a growth perspective. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), PTC Inc. (NASDAQ:PTC), Twilio Inc. (NYSE:TWLO), Ideanomics (NASDAQ:SSC), Splunk Inc. (NASDAQ:SPLK).
Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global platform with both mobile and fixed solutions, has completed its MESH network NODE design and started its gateway design implementation.
A network gateway joins devices on one network so they can communicate with other devices on the same network. Gateways enable access and communication to the Internet, sending and receiving data. Our gateway is implemented using software and hardware combination to ensure smooth and secured operation. Gopher’s MESH network gateway receives radio signals and accesses the Internet to pass the data to a backend program. The backend program includes security mechanisms such as firewalls and proxies that are integrated with a mobile app to report the desired information. The final result is a visual report through a web interface and mobile app.
“We are glad to announce that we completed the system’s NODE and we are now starting the gateway design implementation” stated Dr. Danny Rittman, Gopher’s Chief Technology Officer. “As we build our NODE eval boards for further testing, we laid out the gateway design milestones and schedules. We created FW (Firmware) for it and started reviewing libraries for WiFi and BLE (Bluetooth Low Energy) modules. It is our intention to invest extensive efforts to create a robust gateway system for our MESH network since it is designed to provide advanced performance, security and unique features for wide variety of applications, among them are military/security, autonomous machines/robotics and global tracking.”
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Other recent developments in the tech industry include:
PTC Inc. (NASDAQ:PTC) recently announced from Augmented World Expo (AWE) Europe 2018 the availability of new research in conjunction with Aberdeen Group titled, “How the Best-in-Class Use Augmented Reality for Superior Service Management.” The comprehensive research study and corresponding report identifies significant financial improvements realized by industrial companies embracing augmented reality (AR), and provides best practices for unlocking the potential of the technology across various environments. PTC helps companies around the world reinvent the way they design, manufacture, operate, and service products in and for a smart, connected world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, our leading industrial innovation platform and field-proven solutions enable you to unlock value at the convergence of the physical and digital worlds. With PTC, manufacturers and an ecosystem of partners and developers can capitalize on the promise of the Internet of Things and augmented reality technology today and drive the future of innovation.
Ideanomics (NASDAQ:SSC), a leading global fintech and asset digitization services company which is establishing its global innovation center in West Hartford, is pleased to announce it has closed on its purchase of the 58-acre former University of Connecticut campus in West Hartford from the State of Connecticut. Ideanomics plans to transform the property into a world-renowned technology campus named Fintech Village. The planned $283 million-plus investment will focus on being an ultra high-speed computing facility and laboratory for developing new and leading edge Fintech solutions utilizing artificial intelligence, deep learning, IoT, and blockchain.
Building on their two-year partnership, Twilio (NYSE:TWLO), the leading cloud communications platform and T-Mobile (NASDAQ:TMUS) announced that Twilio has created a new developer platform for the T-Mobile Narrowband IoT (NB-IoT) network today at SIGNAL, Twilio’s customer and developer conference. Twilio Narrowband is the first developer platform for NB-IoT in the U.S., a cellular low-power wide-area network technology, which will substantially reduce prices and increase battery life for intermittent low-bandwidth connections. Twilio also announced the Twilio Breakout Software Development Kit (SDK) to help developers start taking advantage of the optimizations offered by NB-IoT networks.
Splunk’s First IoT Solution Helps Industrial Organizations Cut Costs and Improve Performance by Expanding Access to the Data that Powers Connected Devices .conf18– Splunk Inc. (NASDAQ:SPLK), delivering actions and outcomes from any data, today announced the general availability of Splunk for Industrial IoT, Splunk’s first Internet of Things (IoT) solution. Splunk Industrial IoT combines the power of Splunk® Enterprise, the Splunk Machine Learning Toolkit, and Splunk Industrial Asset Intelligence (IAI) to provide a simple view of complex industrial data, helping industrial organizations minimize downtime, shift operations from reactive to proactive and save money.
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