IoT business opportunities with Ioticti Networks Inc.
On November 13th, 2019 Canuc announced a Partnership Agreement with Ioticti Networks Inc. (www.ioticti.com). Ioticti is an Internet of Things (IoT) service provider firm and the Partnership Agreement is structured for Canuc to become a Strategic Partner with the ability to sell and promote IoT dedicated network services and IoT technologies throughout North America.
The World Economic Forum estimates that “digital transformation in the oil and gas industry could unlock approximately $1.6 trillion of value for the industry, its customers and wider society.” Through the signing of the Partnership Agreement Canuc is able to take part in the expansion of the IoT market in the Oil & Gas and Mining sectors in North America and receives exclusive rights in key energy jurisdictions. An article published by BIS Research indicates that IoT spending in the Oil & Gas industry is expected to grow to more than a $30 billion dollars per year in the next five to ten years, as part of the Fourth Global Industrial Revolution.
On Jun 16th, 2020 Canuc announced that it had signed a Memorandum of Understanding with M3SH Technologies (“M3SH”) Inc. enabling M3SH manufactured devices to adopt IIoT technology in cooperation with Canuc. M3SH Technologies Inc. is a privately held Canadian company based in Fredericton, New Brunswick with origins in South Africa. M3SH affiliated Ningi Manufacturing Pty (Ltd) is a leading South African technological solution provider to the mining, energy and industrial sectors,
Canuc’s IoT Partnerhip Agreement and business associations are expected to deliver substantial cash flow opportunities from leading edge IoT (Internet of Things) technology applications in the Oil & Gas and Mining sectors. Cash flow development positions Canuc to minimize treasury share issuance and unnecessary shareholder dilution.