CAMPBELL, CA — (Marketwired) — 12/15/16 — Inventergy Global, Inc. (NASDAQ: INVT) (“Inventergy”), an intellectual property monetization company, announced today that Inventergy Innovations, LLC, Inventergy–s technology licensing business subsidiary, has entered into a binding letter-of intent with IOTA Computing, Inc. (“IOTA”), a groundbreaking technology company that has implemented a unique patented Internet of Things (“IoT”) architecture.
As part of the engagement, Inventergy Innovations will obtain exclusive rights to the commercialization of IOTA–s integrated combination of internet-protocol based operating system software and hardware technology. This capability is designed for tiny edge devices for IoT deployment and facilitates secure internet-connected devices to enable the next generation of smart grid, home automation, telemedicine, industrial and consumer devices.
Joe Beyers, CEO of Inventergy, stated, “The IoT market is rapidly growing and we are excited to partner with IOTA to monetize its unique innovations in its IoT architecture. This technology adds new dimensionality, connectivity and security for the high growth IoT market.” Beyers continued, “In a short time, Inventergy Innovations has been able to secure the exclusive monetization rights to various unique and powerful disruptive technologies which we believe will allow us to provide additional revenue opportunities for our partners and our shareholders. We anticipate the definitive agreement for the partnership to be completed in the coming weeks making this the fifth partnership agreement by our Inventergy Innovations subsidiary. We expect to see other deals in the near future.”
“We are pleased with our decision to partner with Inventergy Innovations to maximize our growth potential in the dynamic IoT market,” said Jeremy Walker, CEO of IOTA. “We believe our –Internet of Things Architecture– technology provides everything needed to connect objects to the Internet. By providing an integrated platform, IOTA–s technology reduces time-to-market, increases reliability, and makes it easy to turn any standard device or appliance into an intelligent object. Above all, this technology is designed to be a trusted system, smart enough to communicate just the right information in a highly efficient manner to allow devices to have a longer field life without requiring a battery change or new energy supply; and highly secure to protect against unwanted service interruption or data loss. We chose to work with Inventergy Innovations because of its reputation and successful IP strategies for emerging companies in high growth markets.”
Market indicators forecast explosive growth for the IoT applications and services sectors. For example:
IHS Markit forecasts that the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025.
Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing patented technologies of market-significant technology leaders and small companies. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit .
This press release contains statements, estimates, forecasts and projections with respect to future performance and events, which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and belief or current expectations of the Company and its affiliates and subsidiaries and their respective management teams. These statements may be identified by the use of words like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “should,” “seek” and similar expressions and include any projections or estimates set forth herein. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, that actual results may differ materially from those projected in the forward-looking statements.
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