Launch of Internet of Things (IoT) business unit

8 June 2016

APC Technology Group PLC

("APC" or the "Group")

Launch of Internet of Things (IoT) business unit

APC Technology Group PLC (AIM:APC), the provider of technologies and services to improve organisational sustainability and provider of specialist electronic components, has launched APC Smartwave to consolidate its existing comprehensive range of Internet of Things (IoT) products under one banner to capitalise on the huge potential of the IoT marketplace. This is a natural extension of the Advanced Power Components offering, providing products and technologies that improve connectivity and help increase operational performance for customers.

APC Smartwave will provide a combined IoT and Cleantech offering, with products including sensors, display products, computing solutions, wireless products, LED components and energy harvesting and storage technologies. It will operate as part of the Advanced Power Components division and has already established on-going relationships with leading IoT component suppliers including Advantech, Adeunis, Libelium and Zentri. APC Smartwave offers flexible and scalable IoT solutions backed by engineer-to-engineer expertise and technical support

Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:

"Internet of Things technology is transforming the way we live and work. By connecting everyday objects and enabling them to exchange data, the opportunity for improved efficiencies and cost savings is vast.

"We have already made encouraging progress in this space despite the market being in its relative infancy, and with the number of connected devices set to more than treble by 20201, we expect demand for Smartwave's IoT products to continue to grow.

"I am particularly pleased that this initiative is being delivered by existing resources and is as a result of greater focus on the products and solutions that we already have around the Group rather than through the addition of more overhead or investment."

1 Gartner

Enquiries: