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Connected IO wins order from AT&T’s wireless distributor
Connected IO (ASX:CIO) has received an initial purchase order worth $100,000 from California Network Management Inc (CNM), one of AT&T’s largest wireless distributors in the U.S.
The company’s shares were last trading 7.4% higher intra-day, at $0.029.
Silicon Valley based Connected IO operates in the multi-trillion-dollar Internet of Things (IOT) sector, specialising in machine to machine (M2M) connectivity.
The CNM order is a significant step in expanding Connected IO’s working relationship with AT&T.
CNM solutions include some of the industry’s best wireless products, applications and carrier relationships and is evidenced by CNM being one of AT&T’s largest wireless distributors in the U.S.
The CNM purchase order represents the first significant AT&T relationship introduction for Connected IO and illustrates AT&T sales team’s working relationship with Connected IO.
Importantly, new opportunities are expected to follow, to provide solutions and connectivity innovations for a variety of AT&T clients.
In February, Connected IO strengthened its relationship with AT&T under a new machine to machine (M2M) communications agreement.
The agreement enables the companies to collaborate on key initiatives and jointly target customers by bundling Connected IO’s M2M hardware solutions with AT&T’s cellular network services.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/175958/connected-io-wins-order-from-atts-wireless-distributor-175958.html
