Sydney, August 18, 2017: Australia’s first nationwide network dedicated to the Internet of Things (IoT), ‘thinxtra’ has announced the Clean Energy Finance Corporation (CEFC) as a cornerstone investor with an investment of $10 million.
The IoT networks in Australia and New Zealand are based on Sigfox technology. 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.
Renald Gallis, Vice President, Marketing and Ecosystem of thinxtra said in a statement, “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.”
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.
Image Credit: thinxtra