Cornerstone investment by CEFC to complete Thinxtra’s first nationwide network dedicated to the Internet of Things.
Australia is IoT ready with the first nationwide network dedicated to the Internet of Things (IoT) with Thinxtra pleased to announce the CEFC as a cornerstone investor. Together, with its other investors, Thinxtra is empowering the completion of the Australian and New Zealand IoT networks, covering 95 per cent of the population, by year end.
The IoT networks based on Sigfox technology have all the right pillars to drastically improve energy efficiency, improve productivity and reduce waste in business, government and the community.
Thinxtra’s IoT network and solutions work over long distances, inexpensively on low bandwidth for short messages. Primary use cases are meter index readings, quality measurement, GPS, temperature, movement, access, vibration and power status. Being able to better monitor water consumption, utilities can detect and reduce water leaks in near real-time. Better understanding logistics and congestion drive improved fuel utilisation rates and soil quality and moisture readings allow for efficient deployment of fertilisers.
Most IoT use cases require wireless sensors to send small messages, and many companies deploying connected objects over traditional networks struggle with expensive pricing, high energy consumption and complexity of deployment and maintenance. With Thinxtra’s new breed of wireless network dedicated to IoT, the return on investment and value creation are obvious. That is a game changer.
Renald Gallis, VP Marketing and Ecosystem of Thinxtra said “Our low cost, low power, long range IoT network is perfect for deploying simple solutions to make cities smarter, buildings more energy efficient, agriculture more sustainable. Industries working with us are seeing efficiency but also gaining deep insights and better service outcomes for their customers. Their supply chain and the risk and governance issues they are challenged by are being solved. Sustainability is crucial to business and the community today. We estimate the Australian market to represent 100 million IoT devices connecting through our network by 2025, to better monitor the country, further cut carbon emissions, create innovation and boost the economy.”
CEFC CEO Ian Learmonth said: “Australia is a vast country with a scattered population. A large amount of energy is expended in physically monitoring millions of pallets, waste containers, gas canisters, farm gates, livestock and more. By providing a low-cost solution for tracking and monitoring these assets, we can save a huge amount of emissions.”
“Our finance for Thinxtra will help build essential support technology which is set to play a key role in transitioning the Australian economy to net zero emissions by the second half of the century.”
“We’re talking about the potential to operate smarter cities, more energy efficient and liveable buildings, better monitoring of environmental assets, better health monitoring and more sustainable agricultural practices.”
Thinxtra’s CEO, Loic Barancourt, said: “We will be the low power wide area network of choice for IoT and we’re aiming for 17 million objects connected by the end of 2022,”
“Thinxtra’s IoT network provides the lowest device-to-cloud connectivity, at the lowest level of energy consumption and is complementary to Bluetooth, RFID, 2G, 3G, 4G and Wifi technologies.”
“Our network has been designed with IoT in mind. It is open and an extension of the global Sigfox network, based on antennae and base station infrastructure that is independent of existing telco networks.”
More than 150 local businesses have already partnered with Thinxtra to leverage its network technology to create operational efficiencies in a wide range of industries, such as:
– Smart water meter service companies that enable large water users to detect leaks
– Smart farming service providers with waterproof data communicators that integrate with software and sensors to provide daily data on soil, weather and other environmental monitoring
– Smart logistics solution providers with cold chain monitoring trackers to increase traceability of food and reduce wastage.