iQSTEL Completes Acquisition Of loT Labs Mexico And Its ‘Smart Gas Platform’ For Remote Real Time Monitoring Of LP Gas Tanks
iQSTEL, Inc. (OTC: IQST) on May 11, 2020 announces it has completed the 100% acquisition of IoT Labs Mexico (IoT Labs Mx SAPI), an Internet of Thing (IoT) developer, and its ‘IoT Smart Gas Platform’ which allows for remote monitoring of LP gas tanks in real-time via a SmartPhone app through the company’s gas partners, Already, more than 100 of these devices are in field use already and work anywhere there is a radio signal and/or cellular connection.
Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA), Vodafone Group PLC (NASDAQ: VOD), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC) and DISH Network Corporation (NASDAQ: DISH).
iQSTEL (OTC: IQST) Completes Acquisition Of loT Labs Mexico And Its ‘Smart Gas Platform’ For Remote Real Time Monitoring Of LP Gas Tanks
The company’s ‘IoT Smart Gas Platform’ is a consumer installable device that offers real time LP gas tank monitoring and provides refilling requests via a SmartPhone add through the company’s gas partners. It works anywhere there is a radio signal and/or cellular connection. Once connected to a tank, its battery can be unattended for more than two years before battery replacement is needed. The unit consists of in-field equipment, mobile application and a back end software platform. iQSTEL (OTC: IQST) Completes Acquisition Of loT Labs Mexico And Its ‘Smart Gas Platform’ For Remote Real Time Monitoring Of LP Gas Tanks.
Further details on the wireless and patent pending Smart Gas Platform device is available at the websites www.IoTlabs.mx and www.smartgas.lat. It explains how it easily installs in minutes with a screwdriver and makes sure the consumer never runs out of gas again. It monitors gas consumption in real time, tells by consumption use if a gas leak exists and creates alerts on a SmartPhone if ordering of more gas is needed. iQSTEL (OTC: IQST) Completes Acquisition Of loT Labs Mexico And Its ‘Smart Gas Platform’ For Remote Real Time Monitoring Of LP Gas Tanks.
iQSTEL (OTC: IQST) Finds A Perfect Acquisition Fit
Mr. Iglesias, CEO of iQSTEL, said, “We have been looking for a high value IoT product for customers along with strong corporate margins and IoT Labs MX along with their IoT Smart Gas Platform is a perfect fit, This platform will be disruptive in the gas industry, significantly increasing efficiencies. IoT labs and the iQSTEL team are already designing upgrades to expand the platform from LP gas tanks to general storage tanks, including gasoline, beverage, water and more.
“The IoT marketplace, part of our 21st century enhanced communications corporate vision, is seeking demand explode. The infrastructure to support this growth is being deployed by iQSTEL throughout Latin America,” Mr. Iglesias said. iQSTEL (OTC: IQST) Completes Acquisition Of loT Labs Mexico And Its ‘Smart Gas Platform’ For Remote Real Time Monitoring Of LP Gas Tanks.
Mr. Francisco Bunt, CEO Of IoT Labs Mexico, said, “IoT Smart Gas units are in production, with more than 100 in field use already. The existing infrastructure access that iQSTEL allows us to benefit from will assist in the rapid commercialization process across Mexico, Latin America, and later this throughout Europe and Canada.”
iQSTEL, Inc. (OTC: IQST) Reports 20% Rise In Q1 Revenues To $5 Million, Sales From Businesses And Stay-At-Home Strategy Strong During COVID-19 Pandemic
iQSTEL, Inc. (OTC: IQST) has reported record setting growth continuing in 2020 with a 20% jump in year-over-year Q1 revenues to $5 million due in part to a ‘very strong’ performance through the COVID-19 pandemic. Many businesses extended their work-from-home strategy — boosting intra-company telco services. iQSTEL expects this trend to continue. It reported sales of $4,980,151 for the current quarter, exclusive of sales from new Miami-based subsidiary QGlobal SMS. It projects sales including those of QGlobal SMS at $9+ million for Q2.
Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “Our team at iQSTEL and subsidiaries bring record results again. While the COVID-19 near-global-closure has affected many companies’ ability to operate, we continue to surpass expectations. Our business has stayed very strong through the COVID-19 pandemic as many businesses have expanded their work-from-home strategy, thus boosting intra-company telco services.
iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC. iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider.
Source: Stock Market Press
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