"Internet of Things" Licensing Agreement Launched Between ioBridge and Schneider Electric Internet of Things Gaining Traction with Multinational Companies - Speed to Market, Security, and Scalability are Fueling Adoption
MARLBOROUGH, Mass., Dec. 10, 2013 /PRNewswire/ -- ioBridge, Inc. (www.iobridge.com) announced a new licensing agreement with Schneider Electric, a global specialist in energy management. ioBridge, which helps companies simply and cost-effectively connect products to the web, sees the agreement as a major step for the "Internet of Things"—networked connections among people, products, and data—market as a whole.
"For years the Internet of Things was cost prohibitive—often relegated to niche, one-off projects. As price points continue to come down, you're going to see more and more global manufacturing companies looking to Internet-enable small products," said Dr. Robert Mawrey, CEO of ioBridge. "We're starting to move more toward an 'Internet of Small Things'—a focus on little things that will ultimately have a much bigger impact," he added.
By looking to ioBridge, industry leading companies such as Schneider Electric are sending a clear signal that the Internet of Things and the need to connect small and inexpensive products to the web has finally moved from hype and unrealized potential to real demand for practical business applications.
"Through this collaboration with ioBridge, Schneider Electric will enable customers, from the home consumer to the enterprise, to easily connect to the Internet and manage all of their devices," said Michael Maiello, Senior Vice President, Home and Business Networks, Schneider Electric's IT Business.
Flexible and Cost-Effective Platform
Companies have the flexibility to use the most cost-effective hardware from any supplier or use ioBridge's reference designs and modules. By leveraging their patented technology, businesses looking to produce Internet-enabled products can get to market quickly and cost-effectively.
Industry-Leading Technology That's Secure and Scalable
Years of experience, thousands of users, and a proven track record of success means technology that has been continuously tried, tested and refined. ioBridge's encryption from cloud service to web-enabled devices gives companies a scalable solution and the peace of mind that their information is safe and secure.
Easy to Implement and Operate
ioBridge products are designed to be incredibly easy to implement and operate. Typically, this means no firewall or network changes, firmware that can be updated remotely, and a full suite of support software tools.
To learn more about enterprise solutions for connecting small internet-enabled products and devices to the web, please visit http://www.iobridge.com.
About ioBridge, Inc.
Founded in 2008, ioBridge, Inc. (http://www.iobridge.com) helps businesses and casual users simply and cost-effectively connect small Internet-enabled devices to the web. Their "Internet of Small Things" offerings include embedded hardware and software and highly flexible, scalable, and secure cloud-based ecosystems.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric (http://www.schneider-electric.com) offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructure, Industries & Machines Manufacturers, Non-residential Building, Data Centers & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the company's 140,000 plus employees achieved sales of 30.8 billion US dollars (24 billion Euros) in 2012, through an active commitment to help individuals and organizations make the most of their energy.
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SOURCE ioBridge, Inc.