NEW YORK, January 31, 2018 /PRNewswire/ -- According to data provided by Grand View Research, Inc. projects the global industrial Internet of Things (IoT) market is expected to reach USD 933.62 billion by 2025. The report indicates that the growing demand and adoption of cloud computing, coupled with the Scalability of IPv6-3.4X 10^38 IP address, are presumed to drive the market over the forecast period. The technology's ability to decrease costs has been the main factor for its adoption in the industrial sector. In addition, several significant investment incentives, such as increased productivity, process automation, and time-to-market, have also been boosting this adoption. The falling prices of sensors have reduced the overall cost associated with data collection and analytics. GTX Corp. (OTC: GTXO), MoneyOnMobile, Inc. (OTC: MOMT), Giga-tronics Incorporated (OTC: GIGA), Infrax Systems Inc. (OTC: IFXY), Quest Solution, Inc. (OTC: QUES)
A research report by BCC Research points out that despite the strong projections for the market, there are some obstacles the industry must overcome. "It is important to note that IoT access revenue might be smaller than many expect, in part because many of the connected sensors are going to use existing connections," said Francesco Muratori, BCC Research analyst and report author. "That means network operators should move beyond only providing IoT access if IoT is to become a significant revenue contributor. They could consider some value-added services such as IoT application enablement, systems integration, hosting or security," he added.
GTX Corp. (OTC: GTXO) on January 24th announced breaking news that, "it will be making it even easier for consumers to purchase their line of GPS tracking solutions, by offering them on Amazon.com. The Company is best known for their GPS Smartsole® product, which is a GPS tracker embedded in an insole, think Dr. Scholl's meets Lojack. As Bloomberg previously reported, over 45 million Americans will be caring for 117 million seniors by 2020, and even major players like retail giant Best Buy (BBY) are making significant investments to sell products and services that enable adults to remotely monitor their aging parents. This is exactly the type of wearable IoMT technology that GTX Corp specializes in. Furthermore, the Bloomberg report estimates that remote monitoring for senior care alone represents a $50 billion market.
As GTX continues to expand its line of GPS wearable technology for seniors and children, the Company also recognizes that facilitating consumer sales is increasingly becoming more important, hence by selling direct to consumers through channels like Amazon will enhance the overall buying experience.
Amazon has completely revolutionized the shopping experience by offering free, 2-day shipping through it's Amazon Prime subscription. Customers will now be able to utilize the trendiest online shopping center to purchase GTX's innovative GPS Smartsole and the rest of their tracking and monitoring devices.
The new and improved GTX shopping experience still comes with their lower product costs and additional service plans, offering customers flexible payment options as before. GTX strives to make the customer's experience as pleasant as possible, which is why GTX is taking it's products to the #1 online retailer."
Meghan Ravada, GTX Corp Community Relations Director and ECommerce Manager, commented, "Providing purchasing options to the 300 million Amazon users and leveraging all the advantages of Amazon Prime was a natural step for GTX Corp. In keeping with our theme for 2018 'Track What You Love' we hope it is easier than ever for people to get the innovative GTX Corp GPS tracking solutions they need for their families, clients and loved ones."
MoneyOnMobile, Inc. (OTCQB: MOMT) is the largest mobile payment platform in India, bringing the ability to make hassle-free payments to every person on the street. Over 170 million unique customers have had payments made easier through over 300,000 retail merchants across India and payments platform. MoneyOnMobile is authorized by the Reserve Bank of India (RBI) to set up semi closed payment system in India which enables registered users to buy goods, products and services from registered Merchant. On December 13, 2017, the company reported November 2017 financial results. November 2017 net revenue was $916k, more than three times November 2016 net revenue. "If you look at the Reserve Bank of India's data on debit and credit card transactions for the entire country, five of the previous six years of available data (2011-2016) show November processing volume is down from October with an overall average of -12% month-on-month over all six years. Our November 2016 to November 2017 growth as well as Sept to Nov growth of 22% show the demand for our services continues to remain high," said Harold Montgomery, Chairman and CEO of MoneyOnMobile, Inc.
Giga-tronics Incorporated (OTCQB: GIGA) has been helping solve the worlds next generation Radar and Electronic Warfare problems with state-of-the-art high speed signal generators, test and measurement equipment and broadband switching matrices. Giga-tronics' product lines include the adanced signal generation and analysis product and the Microsource microwave sub-assembly and sub-system products. On November 14, 2017, the company reported net sales for the second quarter of fiscal 2018 of $2.2 million, a 49% decrease as compared to $4.4 million for the second quarter of fiscal 2017. Net sales for the six-month period ended September 30, 2017 were $4.2 million, a decrease of 46%, compared to $7.8 million for the six-month period ended September 24, 2016. The decreases in net sales for both periods were primarily due to lower sales associated with the legacy products (sold to Astronics in June 2016); a decrease associated with the Company's new ASG product; a decrease primarily associated with the winding down of non-recurring engineering services as well as lower product revenues following the completion of the $4.5 million order for YIG RADAR filters in the first quarter of fiscal 2018.
Infrax Systems Inc. (OTC: IFXY) focused on providing secure two-way real time communications network, (hardware encrypted) communications chipset and Grid Intrusion Management software for smart meters, intelligent devices and sensors. Infrax Systems creates a unified solution path to securely implement and manage Advanced Metering Infrastructure (AMI) and other Smart Grid optimization applications such as substation automation. The current technology being deployed for Advanced Meter Infrastructure applications is inherently unsecure. Infrax has the power to secure the Smart Grid, capturing and transmitting highly encrypted data over secure tunnels using its unique and proprietary communications transport methodology known as GridMesh™. When paired with its device and data security management tool known as GRiM, Infrax enables the secure management of the "last mile" backhaul necessary for utilities to implement Smart Grid applications including AMI, and Demand Side Management.
Quest Solution, Inc. (OTCQB: QUES) is a Specialty Systems Integrator focused on Field and Supply Chain Mobility. On December 15, 2017, the company announced that it has been named to Food Logistics' 2017 FL100+ Top Software and Technology Providers list. Quest Solution, a partner to several large companies in the food and beverage logistics industry, specializes in tracking and traceability, as well as controls and recall management functionalities that ensure proper compliance. The Company offers a broad array of logistics solutions, combining technologies such as configurable applications used in automatic order placing, mobile computers designed for various refrigerated environments, wireless networks for mobile scanners, and much more, optimizing supply chain performance as a result.
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