EQS Group-Media / 2020-04-01 / 07:00
*Press Release*
*u-blox Acquires IoT Communication-as-a-Service Provider Thingstream*
*Bolsters u-blox's services portfolio with the addition of a complete and
comprehensive IoT connectivity solution for customers and accelerates path
toward achieving unique silicon-to-cloud differentiation*
*Thalwil, Switzerland - April 1, 2020 -* u-blox (SIX:UBXN, OTC:UBLXF), a
global provider of leading positioning and wireless communication
technologies, today announced it has acquired IoT Communication-as-a-Service
provider, Thingstream [1]. Thingstream provides a comprehensive, end-to-end
solution for global IoT connectivity using the industry standard MQTT
protocol. The product is offered "as-a-service" which provides predictable
cost and on-demand scalability for customers.
MQTT, short for message queuing telemetry transport, has become a widely
used data transfer protocol in the Internet of Things, along with MQTT-SN,
which is tailored to the needs of sensor networks. Designed for constrained
environments characterized by low power and bandwidth requirements, MQTT
transmits messages from one device to one or many others via a broker. To
achieve reliable machine to machine communication, users can set the quality
of service to the specific requirements of their applications. Thingstream's
MQTT Anywhere service offers data transfer across 600+ telecom carriers in
190 countries without necessitating a cellular data plan by transmitting
MQTT-SN messages over 2G, 3G, LTE, and LTE-M networks.
"The acquisition of Thingstream and its platform accelerates u-blox's entry
into a new dimension of our services business, the IoT Sphere, which will
provide customers with a reliable, smart and secure solution to connect
sensor data to their cloud enterprise," said Thomas Seiler, CEO of u-blox.
"Our customers can focus on scaling their business rather than the
complexities of acquiring and establishing a connectivity platform and
maintaining the data flow management."
Simplifying cost of ownership and management of an end-to-end solution that
is reliable and secure is crucial for the success of any IoT solution. The
integration of Thingstream and its platform will drive further momentum in
u-blox's roadmap for delivering to customers the most robust service
offering in the market, exemplified by improved functionality, secure
connectivity and full lifetime support - in short, to make wireless
communication and location easy.
The addition of Thingstream's high-performing team of 26 qualified staff
will bring decades of experience in telecom services and IoT, augmenting
u-blox's functional teams in R&D and sales and marketing.
u-blox acquired the company for CHF 10 million, plus coverage for some
deferred staff retention. The acquisition has been successfully closed.
*About u-blox*
u-blox (SIX:UBXN) is a global provider of leading positioning and wireless
communication technologies for the automotive, industrial, and consumer
markets. Their solutions let people, vehicles, and machines determine their
precise position and communicate wirelessly over cellular and short range
networks. With a broad portfolio of chips, modules, and a growing ecosystem
of product supporting data services, u-blox is uniquely positioned to
empower its customers to develop innovative solutions for the Internet of
Things, quickly and cost-effectively. With headquarters in Thalwil,
Switzerland, the company is globally present with offices in Europe, Asia,
and the USA. (www.u-blox.com [2])
Find us on Facebook [3], LinkedIn [4], Twitter @ublox [5] and YouTube [6]
*u-blox contact:*
Gitte Jensen, Investor Relations Manager
Phone: +41 44 722 74 86
E-mail: gitte.jensen@u-blox.com
*About Thingstream*
Thingstream is a leading provider of Connectivity-as-a-Service for the
Internet of Things (IoT) applications. Thingstream's intelligent Global
Connectivity Platform provides low power, low cost, ubiquitous IoT
connectivity via MQTT and works in over 190 countries already today. The
secure, out-of-the-box IoT connectivity solution leverages both the
globally-available telecom network as well as private LoRaWAN implementation
to offer immediate, global IoT connectivity that no other low power
connectivity provider can today. Thingstream specialises in helping simplify
IoT connectivity, reducing costs and operational overheads in the delivery
of an intelligent network of connected things. Thingstream is headquartered
in Switzerland with offices in the UK, the US and South Africa. For more
information visit https://thingstream.io [1].
Find us on Facebook [7], LinkedIn [8], Twitter [9], and YouTube [10]
*Thingstream contact:*
Philipp Bolliger, CEO
Phone: +41 79 329 21 90
E-mail: philipp.bolliger@thingstream.io
Issuer: u-blox AG
Key word(s): Research/Technology
End of Corporate News
Language: English
Company: u-blox AG
Zürcherstrasse 68
8800 Thalwil
Switzerland
Phone: +41 44 722 74 44
Fax: +41 44 722 74 47
E-mail: info@u-blox.com
Internet: www.u-blox.com
ISIN: CH0033361673
Listed: SIX Swiss Exchange
EQS News ID: 1011513
End of News EQS Group Media
1011513 2020-04-01
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(END) Dow Jones Newswires
April 01, 2020 01:00 ET (05:00 GMT)
