For the financial year ended 31 March 2017, Thinxtra CEO Loic Barancourt says establishing relationships with key partners and securing connection deals have been significant milestones for the company.
“We’ve successfully signed major Loic Barancourt CEO Thinxtra contracts for over 1.5 million connections on the Sigfox network with over 50 million potential connections in the pipeline. The partnerships we have established with businesses like Kordia and Silicon Controls and early adoption from local universities, government and institutions is rapidly transforming the business.”
Barancourt says Rakon’s investment (42% share at FY2017) has created multiple advantages.
“Having Rakon as an investor and partner is bringing low cost Sigfox solutions to the market, which will help us in the long run. Our relationship with Rakon has enabled Thinxtra to be a strong New Zealand influencer and is a strong reference for Thinxtra when talking to large customers or institutional investors. Additionally, Bryan and Brent bring solid technical, commercial and financial experience and governance to the Board.”
He says the next 12 months look set to be even bigger.
“We’re excited by the potential, we are first to market and, as we expected, Australia and New Zealand are early adopters and do not hesitate to commit at scale to leverage the IoT. Short-term plans include finalising the roll-out of the network in Australia and New Zealand and starting the roll-out in Hong Kong to cover 95%of the population. We will also be launching more products and verticals, our own IoT platform to provide complete end-to-end solutions and a new IoT incubator programme, and of course enabling more and more customers to roll-out their projects as devices become available.”
So how has Rakon been taking advantage of its association with Thinxtra?
Rakon IoT Business Development Manager Kevin McAloon says Rakon identified LPWAN technology as an important part of the emerging IoT communications ecosystem at an early stage.
“Working closely with Thinxtra has enabled us to create relationships with end customers in both Australia and New Zealand. Investing in Thinxtra is also giving us unprecedented access to the Sigfox LPWAN ecosystem and gives us an in-depth understanding of industry requirements and real problems that need to be solved. For example, Thinxtra has created a global development kit themselves and we have worked with them to resolve an issue with the frequency stability for that solution. As a result we have developed Rakon TCXOs at a unique frequency for their requirement, and delivered them ahead of any other supplier.”
Rakon IoT Developments