IoT.nxt opens office in USA with multimillion dollar project in place
IoT.nxt has revealed details of its expansion into the US market with the South African innovators in Internet of Things (IoT) technology firm opening an office.
The office in the US was opend this month, a year since the establishment of its first international office in The Hague, The Netherlands, in September last year.
IoT.nxt with US partners Ensight Solutions and Minimise USA is rolling out a multimillion dollar project at schools in Florida and Dallas, using IoT technology and strategies to deliver energy optimisation and reduce consumption.
According to Daniel Badran, Chairman and CEO of Minimise USA, IoT.nxt secured a licencing agreement with Efficient Industry (EI), through which IoT.nxt is now the preferred IoT technology provider for the schools project.
“The project, engineered by Ensight of Australia, places IoT.nxt in the driver’s seat as a partner to Minimise USA and Ensight for the education sector and others to come,” he says.
The project is being rolled out now and the first phase will run to the end of the month.
Three team members from IoT.nxt South Africa are currently in the US to manage the project but the plan is to train employees at the partner companies to manage the further phases of the project.
“Many building management operations use pre-set systems to switch energy facilities on and off at particular, fixed times in order to reduce consumption. Using IoT strategies allow building managers to dynamically effect optimal usage inside a building. The IoT technology makes it possible to take various factors, for instance occupancy and ambient external temperature, into account to intelligently adjust energy used to change the temperature in a building or to purify the air. This way consumption is optimised, which delivers significant cost savings,” says IoT.nxt CEO, Nico Steyn.
“IoT.nxt’s solution, which allows for retrofitting of any existing equipment and systems, closes the gap energy facilities managers were grappling with.”
IoT.nxt opened its first fully-fledged office in Europe in The Netherlands in July 2017.
This follows its associate office established in London in January 2017 and now firmly starts the company’s global expansion.
“Expansion to the USA was a set goal for our company. We explored various opportunities late last year when IoT.nxt executives visited various leading technology companies and attended tech conferences, to gain insight into US market realities,”Steyn says.
He added that the project with Ensight and Minimise USA fast-tracked our USA strategy.
“Unlike the expansion to The Netherlands, which was made possible through a R100 million investment by investment holding company Talent10, the US office was set up with a large scale project in place.”
IoT.nxt has experienced unprecedented exponential growth since the company was established late in 2015.
Wayne Fitzjohn, Chairman of IoT.nxt and CEO of Talent10, says the success of the company is exceptional, especially as it was founded when awareness of what IoT is and what it can deliver was limited.
“The visionary thinking and innovation delivered by the IoT.nxt team prove that South African companies can compete with the leading global tech giants and that we have the skill to embrace the opportunities offered by the 4th Industrial Revolution.”