BeWhere Holdings Inc. Receives 20,000 Unit Order to Support Fleet Complete’s Innovative M-IOT Solutions
Toronto, Ontario (FSCwire) - (TSX-V: BEW, OTCQB: BEWFF) ("BeWhere" or the "Company"), a Mobile Internet of Things (“M-IOT”) solutions company, is pleased to announce a 20,000 unit order of M-IoT sensors from its fleet management partner, Fleet Complete®.
Fleet Complete is a leading global provider of connected vehicle technology, delivering mission-critical fleet, asset and mobile workforce management solutions. The company is servicing almost 500,000 subscribers and over 30,000 businesses in Canada, the U.S., Mexico, Australia, the Netherlands, Belgium, Luxembourg, Austria, Germany, Denmark, Sweden, Finland, Norway, Estonia, Latvia and Lithuania.
The agreement reflects the potential that sophisticated low-cost M-IoT solutions has in North America, with Fleet Complete targeting a large un-addressed market. The companies look forward to collaborating on additional industries and geographies in the coming months.
“It is a pleasure to have the opportunity to collaborate with Fleet Complete”, says Owen Moore, CEO of BeWhere Inc. “Overall, this order demonstrates BeWhere’s continuing ability to bring to market innovative solutions, enabling our valued partners to cost-effectively track and monitor a wide array of equipment. From bulk materials to high-value inventory, our low-power, low-cost M-IoT solution further leverages our partners’ asset tracking abilities.”
“Fleet Complete is consistently bringing innovative solutions to address new market opportunities, necessary to maintain our global leadership in connected vehicle, fleet, asset and mobile workforce solutions. The agreement with BeWhere, combined with other recent corporate announcements, reflects Fleet Complete’s laser focus to helping fleets thrive.” says Tony Lourakis, CEO of Fleet Complete.
BeWhere (TSXV: BEW, OTCQB: BEWFF) is an Industrial Internet of Things (“IIOT”) solutions company that designs and sells hardware with sensors and software applications to track real-time information on non-powered moveable assets. The company develops mobile applications, middle-ware and cloud-based solutions that stand-alone or that can be readily integrated with existing software. Its solutions enable end-users a level of operational visibility that is more easily accessible and significantly easier to implement than in the past.
BeWhere sells its products through a worldwide network of distribution and technology companies. BeWhere has secured distribution agreements and technology partnerships with a large roster of companies including major telecommunications providers, leading vehicle telematics providers and logistic and supply chain management solution providers.
Margaux Berry, VP Strategy and Growth
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Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".
We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
BeWhere Holdings Inc. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.
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Source: BeWhere Holdings Inc. (TSX Venture:BEW, OTCQB:BEWFF)
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