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CONSTELLATION TECHNOLOGIES LIMITED — Capital/Financing Update 2017
Oct 10, 2017
64712_rns_2017-10-10_eab21323-7b2f-476f-b148-c2a93034ae56.pdf
Capital/Financing Update
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(ASX:CT1)
ASX ANNOUNCEMENT 11 October 2017
Vodafone NB-IoT Trial
Key highlights:
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Vodafone selects CCP to participate in its NB-IoT trial
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CCP and Vodafone progressing towards a global agreement
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Vodafone has extensive reach to the food industry
CCP Technologies Limited (ASX:CT1) announces it has been selected by Vodafone to participate in a trial of its NB-IoT network in Melbourne, Australia.
In September 2017, CCP indicated its intent to add an NB-IoT connectivity option. NB-IoT is a low power wide area network (LPWAN) backbone network used to wirelessly connect millions of devices that have low bandwidth requirements. Demonstrating its in-house Internet of Things (IoT) product capability, CCP has respond quickly to an emerging market opportunity.
Michael White, Executive Director and CEO of CCP said,
“This is an exciting move for CCP as we look to accelerate our innovation pathway and add NB-IoT to our suite of connectivity options. We offer a resilient IoT critical control point monitoring solution with diverse Cloud connectivity pathways to maximise on-time data capture. We strengthen our solution by providing our customers with access to Vodafone's NB-IoT network.”
Vodafone’s NB-IoT network has been launched in Port Melbourne and North Sydney, with plans to expand across Greater Melbourne and surrounding metropolitan areas during November. Vodafone will continue to expand its NBIoT network to select areas of Sydney and Canberra during December 2017.
Vodafone’s Executive General Manager of Enterprise, Stuart Kelly said,
“We’re very pleased to be working with CCP to implement trials of Vodafone’s NBIoT network in Australia and demonstrate the range of benefits that NB-IoT services can provide businesses.”
The food industry, one of the world’s largest industries, is now confronting substantial changes in its commercial and regulatory environment. Monitoring temperature and other critical control points underpins food safety in global compliance frameworks.
ABN 58009213754
Suite 202, 22 St Kilda Rd St Kilda, VIC 3182, Australia
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Mr White said, “Through its global footprint, Vodafone has an extensive reach to our food industry target market which could potentially add tens of thousands of monitoring points to our install base. We look forward to progressing discussions with Vodafone as we work towards a global agreement.”
CCP has a rapidly growing customer base in the Australian and North American which includes many well-known corporate brands looking for an enterprisegrade IoT critical control point management system.
About CCP Network
CCP offers a critical control point management system in Australia and North America, and has an emerging presence in Singapore. Critical control points are the points in a supply chain where a failure of standard operating procedure has potential to cause serious harm to people – and to a business’ reputation and bottom line. Standard critical control points include temperature, energy, environment (e.g. air and water quality, pH, chemicals, noise, acoustics and gases) and movement.
CCP captures data using an advanced Internet of Things (IoT) network and delivers this data to its big data cloud platform where it is analysed to deliver business intelligence. Customers access this information through cloud and mobile dashboards to underpin compliance with food safety regulations and HACCP programs, and to improve business efficiency and effectiveness.
Company Contact:
Michael White, Executive Director & CEO CCP Technologies Limited www.ccp-technologies.com T: +61 (0) 412 799 232
ABN 58009213754
Suite 202, 22 St Kilda Rd St Kilda, VIC 3182, Australia