Numerex Announces Certification of New LTE Tank Monitoring Device
30 Maggio 2017 - 2:30PM
nxTANK Adds Value to Robust iTank Device
Portfolio
Numerex Corp (NASDAQ:NMRX), a leading provider of managed
enterprise solutions enabling the Internet of Things (IoT),
announced today the PTCRB certification of nxTANK, a new LTE tank
monitoring device operating on the LTE network. The PTCRB was
established in 1997 as the certification forum by select North
American cellular operators as a critical network testing framework
for new devices. nxTANK uses sensors to remotely measure and
communicate tank fill levels for lubes and fuels, petroleum
products and other bulk liquids like water, chemicals and CO2 that
are used in industrial applications. These tank monitoring
solutions are typically delivered by national and regional
distribution companies to their customers. To develop this product
and complete the successful testing, Numerex brought to bear its
extensive experience in device development, certification, and
platform integration.
Berg Insight's latest analyst report on the Oil and Gas Industry
reports that the installed base of active oil & gas M2M devices
is forecasted to grow to 1.12 million units by 2018. Berg Insight
also anticipates that pipeline monitoring and tank monitoring will
be the top two M2M/IoT applications in the oil & gas industry.
Other market estimates conclude that just in North America alone,
there are approximately 4 million unmonitored tanks across many
different vertical markets, representing a significant opportunity
for an Internet of Things remote tank monitoring solution.
Ken Gayron, Interim CEO and CFO for Numerex commented,
“Numerex is excited to develop and certify a new LTE tank
monitoring device. The nxTANK monitor with new LTE capability
will further grow Numerex’s revenue and increase penetration into
this expanding vertical market, bringing the cost of network
services down while boosting profit and margin for our iTank
managed solution.”
nxTANK LTE adds an additional tank monitoring product to
Numerex’s already industry-leading remote monitoring device
portfolio. nxTANK will integrate with the iTank™ solution,
which allows remote monitoring of tank fill levels and
configuration of delivery and distribution routes using an
advanced, cloud-based IoT application. More information can
be found on iTank at numerex.com/itank.
About Numerex
Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed
enterprise solutions enabling the Internet of Things (IoT). The
Company's solutions produce new revenue streams or create operating
efficiencies for its customers. Numerex provides its technology and
services through its integrated platforms, which are generally sold
on a subscription basis. The Company offers a portfolio of managed
end-to-end IoT solutions including smart devices, network
connectivity and service applications capable of addressing the
needs of a wide spectrum of vertical markets and industrial
customers. The Company's mission is to empower enterprise
operations with world-class, managed IoT solutions that are simple,
innovative, scalable, and secure. Numerex is ISO 27001 information
security-certified, highlighting the Company's focus on data
security, service reliability and around-the-clock support of its
customers. For additional information, please visit
www.numerex.com.
Statements contained in this press release concerning Numerex
that are not historical fact are "forward-looking" statements and
involve important risks and uncertainties. Such risks and
uncertainties, which are detailed in Numerex's filings with the
Securities and Exchange Commission, could cause Numerex's results
to differ materially from current expectations as expressed in this
press release. These forward-looking statements speak only as of
the date of this press release, and Numerex assumes no duty to
update forward-looking statements.
© 2017 Numerex Corp. All rights reserved. Numerex, the Numerex
logo, and all other marks contained herein are trademarks of
Numerex Corp. and/or Numerex-affiliated companies. All other marks
contained herein are the property of their respective owners.
Media Contact:
Thomas McKay
Senior Director, Marketing and Communications
(770) 485-2552
tmckay@numerex.com
Investor Relations Contact:
Ken Gayron
Chief Financial Officer
(770) 615-1410
kgayron@numerex.com
Grafico Azioni Numerex Corp. - Class A (MM) (NASDAQ:NMRX)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Numerex Corp. - Class A (MM) (NASDAQ:NMRX)
Storico
Da Giu 2023 a Giu 2024