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Fortum Deploys DigitalRoute Technology to Enable Data Driven Services Supporting Energy Sector Transformation

European utility Fortum is driving digital transformation within the energy sector, together with DigitalRoute. Starting with a digital solution for energy trading, by deploying machine learning algorithms based on DigitalRoute’s Data Optimization Platform, the companies are now taking the next steps in building data driven services within the energy sector.

STOCKHOLM, Sweden, Dec. 19, 2017 (GLOBE NEWSWIRE) — DigitalRoute, the leading Data Integration and Data Management company, and key European energy provider, Fortum, have jointly announced the completion of a successful Proof of Concept project. Fortum is a leading clean-energy company offering electricity, heating and cooling solutions as well as driving the change for a cleaner world.

Fortum has been looking for an IoT enabling platform to develop data-driven solutions and has now chosen to partner with DigitalRoute. DigitalRoute’s platform allows for real-time communication between assets, plants, data sources and business systems, resulting in optimal quality data, which can be utilized to simplify the deployment of new solutions and optimize key processes.

The recently completed Proof of Concept focused on optimizing two different operational processes, both highlighting the benefits of Data Quality; to secure high quality data and then apply machine learning in order to optimize trading decisions.

The Use Case showed how DigitalRoute’s solution could be used to predict intraday prices on the Nordic Energy market using external and internal data. Direct integration between the DigitalRoute Data Optimization Platform and market data sources enabled this provider to gain increased operational control, speed and commercial agility.

Fortum’s Vice President, Trading and Asset Optimization, Simon-Erik Ollus, observed: “In partnership with DigitalRoute, we can increase both our momentum in the market as well as our self-sufficiency. We can focus on simplifying the deployment of new solutions and optimizing business processes, enabling a fast time-to-market.”

Fortum will now utilize the experiences from the Proof of Concept in other areas such as operation and maintenance optimization of charging infrastructure, Smart Living services and further solutions within energy trading.

DigitalRoute CEO Andreas Zartmann said: “Our technology is a game changer for cutting-edge utility providers and we are delighted that Fortum is working with us to demonstrate how energy companies can use it to turn innovations from an opportunity into a commercial success. We are also excited to partner with a visionary player in a fast-changing industry. Once again, this underlines the wide scope of challenges DigitalRoute’s technology can address.”

About DigitalRoute®

DigitalRoute has been providing new approaches to data integration and data management since 1999. Its technology offers high throughput and provides a unique degree of user configurability, processing all usage and statistical data extracted from networks of connected assets. This means customers gain greater cost efficiencies, improved time-to-market for new service offerings, the ability to monetize any data, and the means to enhance end-customer satisfaction. DigitalRoute makes network events available to the right systems in the right formats in the most appropriate volumes at the required times, without losing a single bit. This is the foundation from which multiple, mission-critical use-cases can be addressed.

Over 350 leading companies worldwide use DigitalRoute technology to meet their data management needs, including a number of OEM partners who use our platform as a central part of their own offerings. DigitalRoute is built on the core values of Expertise, Open-Mindedness and Commitment. With close to 200 employees, the company is headquartered in Stockholm, Sweden with regional offices in Gothenburg, Atlanta and Kuala Lumpur. DigitalRoute is a venture-backed, privately-held company.

For more information or interviews with Andreas Zartmann contact:

Sancha Brody, Media & Analyst Relations
Email: sancha.brody@digitalroute.com
Phone: +44 (0)7376 366855

https://www.facebook.com/DigitalRoute
https://twitter.com/digital_route
https://www.linkedin.com/company/36031?trk=tyah

DigitalRoute and MediationZone are registered trademarks of Digital Route AB. All other trademarks are the property of their respective owners.

Mayo Clinic to begin Prospective Clinical Study with Medibio Technology for Expanded Market Opportunities

  • Study designed to determine differential diagnosis in depression patients
  • Study designed to monitor patient data following pharmacological treatment

SYDNEY, Australia and MINNEAPOLIS, Dec. 14, 2017 (GLOBE NEWSWIRE) — Medibio Limited (MEB or the Company) (ASX:MEB) (OTCQB:MDBIF), a mental health technology company that has pioneered the use of objective biometrics to assist in the screening, diagnosing, monitoring and management of depression and other mental health conditions,  is pleased to announce the first prospective clinical trial with Mayo Clinic under a 5-year Master Clinical Trial Agreement that was signed in October of this year.  This initial study, undertakes the prospective diagnosis and longitudinal monitoring of both unipolar and bipolar depression, along with the depressive subtypes (melancholic and atypical).

The primary goal is to characterize longitudinal autonomic, circadian, and sleep patterns, as classified by the Medibio Analytics Platform (MAP), following the initiation of a standard pharmacological treatment for a new or recurrent, moderate-to-severe major depressive episode of both the unipolar and bipolar type.  Additionally, MAP will be used to characterize patterns unique to the bipolar type depression.

The research study team will be led by Mark A. Frye, M.D., at Mayo Clinic’s Rochester campus. Dr. Frye, the chair of Mayo’s Department of Psychiatry and Psychology, received his medical degree from the University of Minnesota and completed his psychiatric training at the UCLA Neuropsychiatric Institute. He completed a subsequent research fellowship in the Biological Psychiatry Branch at the National Institute of Mental Health (NIMH) in Bethesda, Maryland. While at NIMH, his area of research was focusing on the neurobiology of depression and bipolar disorder.

“We have been eager to get this initial study started with Dr. Frye and Mayo Clinic, as this kicks off our first of many collaborations in mental health between our organizations.  The importance of this study is to look at bipolar depression and differential diagnosis with our analytics platform, which can ultimately drive getting the right treatment to the right patient at the right time.  Mayo remains a leading academic center of excellence that the world looks to for innovative solutions to global problems,” says Jack Cosentino, Medibio’s CEO and Managing Director.

”The Mayo Clinic Depression Center has focused our research efforts on studies that have the potential to innovate our clinical practice; making a positive impact on patients’ lives,” says Dr. Frye.

It is estimated that 350M people worldwide suffer from depression. Depression is one of the leading causes of disability in the United States.  Two major challenges in the clinical practice of mood disorder is distinguishing major depressive disorder from bipolar depression and individualizing treatments for patients who struggle with depression. As treatment options markedly differ in these two mood disorders, biomarkers to help accurate diagnosis and guide treatment would be of tremendous clinical value.

About Medibio Limited
Medibio (ASX:MEB) (OTCQB:MDBIF) is a mental health technology company that has pioneered the use of objective biometrics to assist in the screening, diagnosing, monitoring and management of depression and other mental health conditions. The company was founded in Australia, with offices located in Melbourne (Vic), and U.S. offices in Minneapolis, MN. Medibio is listed on the Australian Securities Exchange Ltd and trades on the OTCQB Venture Market. Investors can find additional information on www.otcmarkets.com and www.asx.com.au.

Further Information: Website: www.medibio.com.au
Medibio Shareholder Enquiries:
Jack Cosentino
CEO and Managing Director
Medibio Limited
jack.cosentino@medibio.com.au
T: +1 (952) 465 4787

Australian Media Enquiries:
Peter Taylor
NWR Communications
peter@nwrcommunications.com.au
T: +61 (0) 412 036 231

Upstream Security Revs Up Cloud-Based Cybersecurity for Connected and Autonomous Car Fleets with $9M Series A

CRV Joins Existing Investors to Accelerate Company’s Expansion in the U.S. and Europe as Market for Connected Vehicles and Automotive Cybersecurity Expects to Grow 20x

HERZLIYA, Israel, Dec. 13, 2017 (GLOBE NEWSWIRE) — Upstream Security, pioneer of the cloud-based cybersecurity platform for connected cars and autonomous vehicles, today announced the closing of $9 million in Series A funding, led by CRV (Charles River Ventures). The round included expanded investments from Israeli-based Glilot Capital Partners and Maniv Mobility. Following a $2 million seed funding round in June, the company will use the latest investment to expand its R&D program and continue building out its world-class engineering and security research teams, and open marketing and sales offices in the United States and Europe. The company is well-resourced to secure the 60 million connected cars on the road today that include commercial trucks, vans, buses and private vehicles, as well as take advantage of the imminent explosion in connected vehicles—Gartner expects there will be 250 million connected vehicles by 2020.Upstream cofounders

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f6829eae-4d66-49a6-bd4d-071d05917a5b

“Connected and semi-autonomous cars are already a reality, so it’s a matter of ‘when’ not ‘if’ these self-driving technologies will be deployed at scale. Upstream’s engineers were the first to solve how to protect connected cars and autonomous vehicles using the cloud, crucial for near-term and future deployment of automotive cybersecurity at the fleet level,” said Izhar Armony, general partner at CRV. “We believe in Upstream’s groundbreaking approach to secure connected and autonomous vehicles and in the abilities of cybersecurity veterans, Yoav Levy and Yonatan Appel, to build a rapidly growing business in this hot, emerging space.”

As connected and autonomous driving technologies become mainstream, security attacks on vehicle fleets––groups of motor vehicles owned or leased by a business, government agency or other entity––are likely to increase drastically. Upstream’s cloud-based approach to automotive cybersecurity leverages artificial intelligence and machine learning that is applied to the tremendous data sets continuously produced by vehicles. This provides customers with data protection, anomaly detection and real-time analytics of cyber attacks and vehicle fleet health. By centralizing cybersecurity in the cloud instead of in-vehicle, threats are detected and prevented before they even reach a vehicle’s network.

More cars are connected to the Internet today than ever before, driving hackers to develop new and more efficient ways to infiltrate and disrupt automotive software. Today’s automotive cybersecurity solutions are in-vehicle and suffer from slow production cycles, which impede their agility as well as their ability to protect against the most recent cybersecurity threats. Upstream’s unique solution offers non-intrusive protection, effectively securing cars that are already on the road today and upgradable to stand against new cybersecurity threats and vulnerabilities in the future.

“The automotive industry is going through a massive disruption. Consequently, security solutions for the car are undergoing rapid advances at an unprecedented rate. We’re using emerging technologies like AI and machine learning to carry out an evolutionary leap in cybersecurity for passenger and commercial vehicles,” said Upstream CEO and cofounder, Yoav Levy. “Riding the wave of momentum from our recent company launch and early customer wins, this new investment round further validates our technology and approach, and will fuel our commitment to be the leading force of innovation in security for connected and autonomous transportation.”

Upstream is planning to open offices in Silicon Valley in the coming months.

In addition to this news, Levy recently spoke at KPMG’s 8th annual automotive executive forum, the 2017 Los Angeles Auto Show, which announced new research in vehicle fleet security.

About Upstream Security
Upstream Security is the first cloud-based cybersecurity solution that protects the technologies and applications of connected and autonomous vehicles. Founded by cybersecurity veterans, Upstream leverages big data and machine learning to provide OEMs and vehicle fleets with unprecedented, comprehensive, and non-intrusive defense. With application security, real-time data protection and anomaly detection, attacks are identified and blocked before they reach and harm the vehicle’s network. To learn more, visit: www.upstream.auto

Media Contact:
Pam Njissang
Bhava Communications
pnjissang@bhavacom.com
(510) 984-1528

Ammo Incorporated Releases STREAK Visual Ammunition

SCOTTSDALE, Ariz., Dec. 12, 2017 (GLOBE NEWSWIRE) — AMMO, Inc. (OTC:POWW), a technology leader and premier American ammunitions manufacturer, today announced its newest product offering, STREAK Visual Ammunition.  AMMO, Inc. holds the exclusive worldwide rights for the incredible patented technology used to make the STREAK products. STREAK is one of the most technologically advanced ammunition to hit the market in decades.

“We are beyond excited to bring STREAK Visual Ammunition to the market.  Our acquisition of the exclusive rights for the STREAK technology is a game changer for both our company as well as the shooting industry.  Once you shoot with STREAK and you can actually see your projectile travel throughout its path, you will be bored by shooting normal ammunition,” said AMMO, Inc.’s CEO, Fred Wagenhals.

Unlike conventional tracers, STREAK rounds are NOT an incendiary, they don’t use burning metals to generate light. Replacing fire-hazard burning metals is a non-flammable phosphor material that utilizes the light emitted during the discharging of the round to make STREAK glow.  STREAK does NOT generate heat, making STREAK rounds safe to use in environments where traditional tracers are prohibited and can be a serious fire hazard.

The results are game changing in many aspects for the consumer, law enforcement and military.  STREAK Visual Ammunition

Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/a66734a7-55a2-481e-b544-ad0f2213f3fb
http://www.globenewswire.com/NewsRoom/AttachmentNg/e816bc99-8359-4b54-a89e-adacdd6e2789
A video accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/3776f659-0969-46f6-9ad7-47b736195026

The glowing material used is applied only to the aft end of the projectile, making it only visible to the shooter and those within a 30-degree viewing window.  Military and law enforcement appreciate that unlike conventional tracers STREAK’s glow is not visible to the target.

STREAK ammunition is currently available in 9mm, .40 S&W, and .45 ACP. The STREAK line will expand to include hollow points, a wider range of calibers and will be available in both red and yellow/green colors. STREAK Visual Ammunition

About Ammo Incorporated
With its corporate offices headquartered in Scottsdale, Arizona, and a manufacturing facility in Payson, Arizona, AMMO, Inc. (the “Company and/or AMMO”) designs and manufactures products for a variety of aptitudes, including law enforcement, military, hunting, sport shooting and self-defense (see www.ammo-inc.com). The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions, including the Jesse James line of munitions and accessories, /stelTH/ subsonic munitions, OPS (One Precise Shot), a lead-free frangible tactical line of munitions for self-defense.

Forward-Looking Statements
This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to, the possibility that some or all of the matters and transactions considered by the Company may not proceed as contemplated, and by all other matters specified in the Company’s filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. Such factors include, among others, the demand for our products; the state of the U.S. economy in general and the ammunition industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability, and costs of materials and components; the potential for increased regulation of our products; speculation surrounding fears of terrorism and crime; our anticipated growth and growth opportunities; our strategies; our ability to develop and maintain brand recognition and reputation; our ability to introduce new products; the success of new products; our ability to expand our markets; and other risks. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the Company’s filings with the Securities and Exchange Commission (www.sec.gov), including its recent periodic reports.

Media Contact
Griffin Bartman
Griffin@Chevalier-adv.com
(503)-639-9190

Investor Relations Contact
James Palczynski
JP@ICRInc.com
(203)-682-8229

Tier1CRM Receives Significant Equity Capital to Accelerate Growth

Raises $34 Million (USD) from Leading Financial and Strategic Investors to Continue Building on Recent Successes

TORONTO and NEW YORK, Dec. 11, 2017 (GLOBE NEWSWIRE) — Tier1CRM (Tier1), a provider of cloud-based customer relationship management (CRM) solutions for the capital markets industry, announced today that it raised $34 million (USD) in growth equity financing from a group of investors led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Salesforce Ventures.

Founded in 2008 by Mark Notten and Phil Dias and based in Toronto, Tier1 is a leading provider of CRM and customer engagement SaaS solutions to sell-side and buy-side financial services clients spanning sales and trading desks, investment banks and investment managers. Major global financial institutions leverage the Tier1 platform to efficiently and more profitably manage client relationships, improve internal transparency and collaboration, manage deal-related activities, and comply with MiFID II regulatory requirements. The financing will be used to accelerate ongoing product innovation, expand Tier1’s sales and marketing capabilities and nurture the partner ecosystem supporting ACE, Tier1’s flagship product suite.

“We are as excited now as we’ve ever been at the opportunities that exist for us in the market today,” said Mark Notten, Co-Founder and CEO of Tier1. “Financial institution adoption of cloud CRM solutions continues to increase at a rapid pace. An increasingly customer-centric approach being taken by capital markets groups facilitates a client need for a solution like Tier1 that provides incredibly valuable and monetizable insights to users, while supporting regulatory requirements such as MiFID II. This outside institutional investment will enable us to more effectively capitalize on these growth opportunities, deliver increased value to our customers and expand our leadership position as a “go-to” capital markets CRM solution in the market today.”

“Tier1 has the technology, vision and team to lead the capital markets CRM industry into the future,” added Vaibhav Nalwaya, Co-Founder and Managing Partner of Boston-based Wavecrest Growth Partners. “Mark and his team have been able to do something rare at Tier1 – grow rapidly in a highly capital efficient manner. We are proud to lead the first outside institutional investment in Tier1 and look forward to partnering with Tier1’s team in its growth trajectory moving forward.”

“Today’s connected clients expect financial services organizations to collaborate with them and provide targeted trade ideas based on their interests,” said Rohit Mahna, SVP and GM, Financial Services, Salesforce. “Tier1’s commitment to providing innovative products that empower firms to build deeper relationships with clients will help to transform the financial services industry.”

Marlin & Associates acted as exclusive strategic and financial advisor to Tier1CRM.

About Tier1CRM
Tier1CRM is a leader in capital markets CRM. Built on top of the Salesforce Platform, Tier1’s flagship product, ACE, is an HTML5 application suite that helps sell-side and buy-side clients generate new revenue opportunities, improve customer service, and achieve greater efficiency across the organization. Tier1 gives clients a “single pane of glass” view into client and employee activity and is currently utilized by tens of thousands of users across the sales and trading, corporate and investment banking, and investment management landscape. Visit us at http://www.tier1crm.com.

About Wavecrest Growth Partners
Based in Boston, Wavecrest Growth Partners is a growth equity firm focused on investing in and partnering with leading B2B software and technology-enabled services companies. Wavecrest targets minority and majority investments in profitable, high-growth technology companies with proven business models and brings to bear a differentiated combination of investing and operating expertise. Wavecrest’s co-founders have over two decades of combined investing and operating experience in growth-stage B2B technology companies. For more information, visit us at http://www.wavecrestgrowth.com.

About Salesforce Ventures
Salesforce is the fastest growing top five enterprise software company and the #1 CRM provider globally. Salesforce Ventures—the company’s corporate investment group—invests in the next generation of enterprise technology that extends the power of the Salesforce Intelligent Customer Success Platform, helping companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world’s largest cloud ecosystem and the guidance of Salesforce’s innovators and executives. With Salesforce Ventures, portfolio companies can also leverage Salesforce’s expertise in corporate philanthropy by joining Pledge 1% to make giving back part of their business model. Salesforce Ventures has invested in more than 250 enterprise cloud startups in 14 different countries since 2009.

About MassMutal Ventures
MassMutual Ventures backs entrepreneurial companies that are transforming the insurance and investment services markets through technology and business model innovation. Our key areas of investment focus include fintech, data analytics, cybersecurity, digital health, and enterprise software. We lead or join investments into companies that are poised to create significant enterprise value through differentiated innovation and focused execution. Massachusetts Mutual Life Insurance Company (MassMutual) is the parent company of MassMutual Ventures.

Media Contact:
Phil Dias
Tier1CRM
E: pdias@tier1crm.com

Siluria Technologies and Wood Launch Modus™, the First Process Technology to Convert Low Value Offgas into Refinery Products

New process technology enables petroleum refiners to convert offgas streams to high octane, low sulfur gasoline blendstock, resulting in enhanced profitability

SAN FRANCISCO and ABERDEEN, Scotland, Dec. 06, 2017 (GLOBE NEWSWIRE) — Siluria Technologies, a leader in developing disruptive process technologies for the petrochemical and energy industries, and Wood (WG.L), a global leader in the delivery of project, engineering and technical services to energy and industrial markets, announce the availability of the ModusTM process technology for petroleum refiners.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f391f93c-e417-4616-81b9-029299cc6eaf

Jointly developed by Siluria and Wood, Modus provides a proven and cost-efficient, one step process to upgrade low value refinery offgases, otherwise burned for heat, into high value fungible refinery products. Modus expands revenue sources and ultimately increases profitability.

The Modus process is based on a commercially proven catalyst system that converts light olefins, such as ethylene and propylene often contained in refinery offgas streams, to high-quality gasoline blendstock with a 90+ octane rating and ultra-low sulfur content.

“Many refinery offgas and fuel streams contain varying amounts of olefins, which require complex and costly solutions to recover.  As a result, these valuable streams are often burned for fuel or heat,” said Robert Trout, Siluria’s President and CEO. “Modus provides a simple, reliable alternative by upgrading these fuel-value streams to more valuable liquids that can be easily integrated into the refinery product slate.”

“Modus provides multiple benefits to refiners including greater operational flexibility and the potential for emissions reductions, without disruption to continuous operations of the refinery,” said Robin Watson, chief executive of Wood. “This technology creates and enhances value for our customers through a unique chemical conversion to provide a valuable product stream for the refinery.”

Modus can be readily integrated into existing refinery operations with minimal capital investment and operating impacts.  Based on standard modular design and construction, Modus can be rapidly deployed as a standalone upgrade during routine maintenance turnarounds or revamp projects.

Modus is now available to customers worldwide under standard industry licenses.  For more information contact Siluria at sales@siluriatech.com or Wood at press.office@woodplc.com

About Siluria:
Siluria Technologies is pioneering the commercial production of fuels and chemicals made from abundant natural gas and low value byproducts. Siluria’s proprietary technologies address the global petrochemical industry’s complex challenges of volatile commodity prices, shifting supply and demand patterns, stricter environmental regulations, and capitally intensive conventional technologies. Siluria’s revolutionary catalyst and process technologies uniquely combine nanomaterials, catalyst development, and chemical engineering, to convert natural gas into higher-value products through efficient processes that can be seamlessly integrated into existing industry infrastructure. For more information about Siluria, visit www.siluria.com.

About Wood:
Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 55,000 people, with revenues of over $11 billion. We provide performance-driven solutions throughout the asset life-cycle, from concept to decommissioning across a broad range of industrial markets including the upstream, midstream and downstream oil & gas, chemicals, environment and infrastructure, power & process, clean energy, mining and general industrial sectors. We strive to be the best technical services company to work with, work for and invest in. www.woodplc.com

Media Contacts:

Siluria Technologies
Beverly Jernigan
(713)494-1733
beverly@beverlypr.com

Wood
press.office@woodplc.com

Cloudstreet to Unveil “The Network Sliced Mall”, Connecting Retail Brands with Shoppers On-the-Go and a Flawless Mobile Quality of Experience at the TM Forum Live! Asia

Working with Catalyst Project sponsors, Orange and NTT in conjunction with innovators Cerillion, Nokia and Sigma, Cloudstreet will demonstrate its Network Slicing platform as part of an end-to-end solution for delivering sponsored mobile data and the connected mall of the future

Helsinki, Finland, Singapore, Dec. 04, 2017 (GLOBE NEWSWIRE) — Cloudstreet, the Network Slicing Company, a Nokia incubated spin-off, and a clutch of partner innovators including Orange, NTT, Nokia, Sigma and Cerillion, are pleased to unveil a telecom technology first – delivering sponsored data and seamless mobile Quality-of-Experience (QoE) for shoppers on-the-go. To be showcased at TM Forum Live! Asia as a part of the Catalyst Project’s “Interconnecting Business with Sponsored Data”, the solution creates a true end-to-end (E2E) solution, allowing large retail locations to close the loop between shoppers, brands and a flawless mobile user experience. Allowing multiple carrier networks to be “sliced”, and served to buyers following a B2B2X model, malls can, for the first time, connect shoppers with the brands they love via sponsored mobile data and a comprehensive, carrier-aware billing platform.

Launched at this year’s TM Forum Asia! In Singapore December 5th–7th, the Proof-of-Concept (PoC) provides a business model blueprint for a novel approach to supporting the mobile customer experience, powered by a network and “Application-Aware” exchange that allows all parties in the value chain to play.

“Malls are a great test case for this initiative,” said Mika Skarp, CTO & Founder of Cloudstreet. “They generally have excellent cellular coverage that is designed to serve a large number of visitors. And because cellular basestations have a robust fiber backhaul, connection speeds are significantly faster and come at a much-reduced cost compared to a typical backhaul used in mall WiFi networks. Built around the concept of B2B2X enabled by Vertical Network Slicing, this becomes a perfect use case for high-value, sponsored data services precisely at the point of sale. Most importantly, however, the service would be like no WiFi user experience we’ve seen, requiring zero user intervention and dramatically improved performance. As such we’re looking at a true win-win-win scenario.”

Developed in concert with the Catalyst Project and its partners as an exchange, the solution provides a single interface for all mall applications to request mall-based slices. Allowing users to be connected to the cellular network of their choice, the “sliced mall” network concept provides the ability of physical retail space owners to buy and sell capacity on a 4G LTE network in a similar way to WiFi network connectivity, but at a much lower cost. From an economic perspective, buying capacity from a single source involving multiple carriers makes it much easier for the mall to deploy and manage a service that is just as free as WiFi, but with a vastly better user experience.

Mobile carriers, mall owners and retail brands are invited to meet Cloudstreet and other participating innovators at the TM Forum Live!, Asia December 5th-7th In Singapore.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a32c7a7f-716a-4c6b-96bd-2c3008c4a5e9

Brendan Tully Walsh
Cloudstreet
brendan.walsh@cloustreet.co

Tomas Granö
Cloudstreet
+358 50 542 1919
tomas.grano@cloudstreet.co