Module maker Telit has reported soaring revenues and profits for the 2013 financial year thanks to strong demand for its expanding range of M2M services.
Net income shot up from $3.88 million in 2012 to $10.87 million in 2013, while revenues increased by 17.3%, to $243 million, over the same period.
Results were boosted by the takeover of cloud specialist ILS Technology (Boca Raton, FL, USA) in September, but also reflected organic growth in each of the EMEA, Americas and Asia-Pacific regions.
Westbase Technology is to begin distributing Vodafone’s MachineLink 3G router, which has been designed for use across a number of vertical markets globally.
In a statement the company said the router would provide M2M connectivity in areas covered by 2G and 3G cellular networks, and could be “mass deployed” to connect remote assets, premises, equipment and vehicles using Vodafone’s (Newbury, UK) network or infrastructure available from Vodafone partners.
Managed services player Wireless Logic says it has carried out a “major overhaul” of its SIMPro platform, which allows users to remotely control a range of activities through SIM-connected devices.
Besides mainstream features like provisioning, tariff selection and personalized billing, the new platform supports applications including activation profile settings – allowing devices to be developed and configured directly on to new SIMs.
The company says this is especially important because configuration of SIMs to specific profiling can be a very time-consuming process.
UK-based Smart Metering Systems has reported impressive gains in net income and revenues for 2013 on the back of rising demand among gas suppliers for its range of technology products.
The company’s net income rose to £6.6 million ($10.98 million), from £4.3 million in 2012, while sales increased from £21 million to £27.9 million over the same period.
Satellite and M2M specialist Orbcomm has acquired Euroscan Holdings in a bid to boost its presence in Europe’s transportation and heavy equipment sectors.
Euroscan (Hoensbroek, Netherlands) develops systems to monitor compliance with regulations on refrigerated transportation temperatures and serves customers in the global food and pharmaceuticals industries.
Orbcomm (Rochelle Park, NJ, USA) said the terms of the acquisition would be made available in forthcoming public filings, but it expects the takeover will strengthen its portfolio of services.
Scandinavia’s Tele2 has announced a deal with CSL Dualcom under which it will provide connectivity services for security, healthcare and general M2M applications in the European region.
CSL Dualcom (Harefield, UK) has developed a platform that allows alarm signals to be delivered securely and reliably to control centers, and claims to have pioneered the move from wired to wireless technology in this area.
The tie-up with Tele2 (Stockholm, Sweden) will allow it to improve the process of deploying and managing connectivity solutions from start to finish.
M2M Zone exhibitors gathered at this week’s CeBIT tradeshow in Hannover, Germany unveiled details of some exciting new products and services, while others provided updates on their strategies for addressing the ever-expanding M2M opportunity. Below we provide summaries of the main announcements.
Telit is to begin providing M2M modules to Brazil’s Intelbras for use in a PBX system that integrates different types of IP, digital, analog and GSM technologies.
In a statement, the module maker said its GL865 QUAD would handle GSM communications functionality for the PBX Impacta Line system, allowing callers to place landline calls over the mobile network.
The company also said it had developed an accessory board with GSM trunks for the PBX Inpacta Line.
A U.S. biotech company pioneering tablets containing edible embedded microchips that can tell if patients have taken their medication is to establish its first international manufacturing site in Britain.
Privately held Proteus Digital Health (Redwood City, CA, USA), which is working with drugmakers including Novartis and Otsuka, said on Monday the new site would employ some 200 skilled staff and serve as a hub for the emerging digital medicine industry.
Israeli start-up LabStyle Innovations Corp on Tuesday launched a mobile-phone glucose meter for diabetics to monitor their blood sugar levels.
Called Dario, the meter plugs directly into a smartphone and has a software application that gives real time recording and analysis of blood sugar readings.
The product is initially being launched in New Zealand, Italy, Australia and the United Kingdom. It will at first be available for Apple's iOS and later for Google's Android platform.