Re: IOT &Blockchain17 Mar 2021 16:20
The asset tracking market has witnessed substantial economies of scale improvements in recent years due to inexpensive connectivity and Machine-to-Machine (M2M) communications equipment and services. The advent of advanced Internet of Things (IoT) solutions leveraging M2M and other supporting technologies enables anytime, anywhere, any type of asset tracking. In addition, advancements in miniaturization and communications have made lower value asset tracking more practical, expanding the range of potential industries and asset types.
Integration and operation of blockchain technology will redefine how various industries operate, dramatically improving efficiencies, and reduce the cost of doing business. One important example is IoT, which is a very promising area as it is anticipated that the use of blockchain in IoT networks/systems will be one of the key means for authenticating and authorizing transactions.
Satellite communications and applications are clear. Satellites provide coverage in areas where terrestrial wireless cannot. In fact, land-based wireless only covers roughly 10% of the globe. Certain verticals, such as the maritime industry, require global coverage.
The asset management industry requires satellite systems for coverage in support of fleet tracking, supply chain management, and general asset tracking needs. The IoT solutions leveraging machine to machine communications and other supporting technologies enables anytime, anywhere, any type of asset tracking. Satellites provide seamless M2M communications for the asset tracking market.
If you recall, the EOY audited 2019 accounts made reference to the fact that the company would in future migrate towards IoT products."Based on our existing range of products, mature technology, global client base, recurring SaaS revenues and substantial sales pipeline, the Company anticipates continued growth in 2020. We further anticipate higher margins in the future as our product mix migrates more towards the IoT sector. One of the key focuses of 2020 is to expand our sales and marketing team to take advantage of the opportunities before us, whilst ensuring we maintain our competitive edge through continued R&D."
In the recent trading update it was specifically mentioned that " R&D expenses, however, were only reduced by a small amount to maintain investment and development in the Company's technologies".
They also said, "the newer and higher margin products - Kylos, Tetis and Lokies - still represented 40% of hardware sales. This included the second production batch of Lokies, which were well received by the customers".
"Even during the long lock-down periods, the Company continued to maintain and further develop Starcom's strategic alliances and pipeline of potential projects. For example, work with Zero Motorcycles ("Zero") progressed during 2020 to ensure Starcom's technology can support Zero's new generation of motorcycles".