The India-based global energy and environment company, the Enzen Group has invested US $8 million in the Australian Internet of Things (IoT) operator National Narrowband Network Co (NNNCo) as “strategic investment”.
According to a post on its official blog, NNNCo has said the fresh investment will be used “to extend NNNCo’s carrier-grade Low Power Wide Area Network, enhance its enterprise software platform, and expand its solutions into key vertical markets including energy, water, cities, logistics, mining, agriculture, property, and health and safety.”
The Enzen Group has on-going projects in over 20 geographies and offices in seven countries, including an Australian head office in Adelaide with further presence in Victoria, New South Wales, Western Australia and Queensland.
NNNCo and Enzen Australia will work together on a range of market opportunities to meet industry demand for IoT-led digital transformation across Australia.
NNNCo has several large-scale IoT projects deployed or in planning with City of Gold Coast, Gold Coast Water, Hunter Water, Newcastle City Council, Lake Macquarie Council and Goanna Ag.
NNNCo Co-Founder and CEO, Rob Zagarella, said in the blog post, “IoT has reached a tipping point and is primed to deliver its promise of productivity improvements, enhanced efficiencies and more sustainable operations for businesses and entire industries.”
“We’re able to connect sensors to just about anything from water mains pipes to streetlights to irrigation pumps,” Zagarella added. “But more importantly, this investment and partnership with Enzen means we can now do that at scale, deliver useable data from infinite applications, and enable that data to be integrated into business operations for real-time optimisation.”
“With this partnership, we will be able to tap into Enzen Australia’s extensive expertise and credibility in key sectors such as energy, water and cities, as well as leveraging the global reach of Enzen Global,” he added.
Image Credit: NNNCo