IoT Popularity is Growing Due to the Demand for Online Data Management

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Jul 19, 2018, 09:00 ET

NEW YORK, July 19, 2018 /PRNewswire/ --

According to data compiled by Transparency Market Research, the Global Internet of Things (IoT) market is projected to grow at a CAGR of 20.55% between the forecasted period of 2016 to 2024. IoT platforms help create and manage applications which can run analytics, store and secure data. IoT effectively contributes to cloud computing platforms by helping combat storage space and energy-related problems. The market is expected to be driven by the rapid expansion of urbanization and globalization, causing an increase in demand for online data. Increasing demand in the automation industry has also contributed to the expansion of the technology. GTX Corp. (OTC: GTXOD), Gogo Inc. (NASDAQ: GOGO), SITO Mobile Ltd. (NASDAQ: SITO), Netlist Inc. (NASDAQ: NLST), Inpixon (NASDAQ: INPX)

IoTs are very diverse as they can be used in many different types of applications. For example, there are platforms for specific industries like commercial real estate and family health. Some focus on one type of device: for example, there are at least two platforms focused on augmented-reality headsets, according to McKinsey. "In order to get value from the Internet of Things (IoT), it helps to have a platform," said Eric Lamarre, Senior Partner at Mckinsey and Brett May, Senior Adviser at Mckinsey. "Like an operating system for a laptop, a platform does a lot of things in the background that makes life easier and less expensive for developers, managers, and users."

GTX Corp. (OTC: GTXOD) earlier this week announced that, "the completion of several corporate initiatives including securing a Million-dollar round of financing at a 10x valuation of current trading price. The Company has already received its first tranche and will draw down additional tranches over the next 12 months. The financing will help position the Company for growth, support upcoming corporate initiatives and pay down some debt.

GTX Corp has also successfully completed a reverse split and is in the process of up-listing to the OTCQB Venture Exchange. Over the next 15 days, GTXO will trade under the ticker symbol GTXOD and then will revert back to GTXO once all the trading platforms have been updated.

"We are thrilled to announce securing a new strategic partner that recognizes the true value of GTX Corp and is providing capital at a premium to market, along with business and corporate development services," commented Patrick Bertagna, GTX Corp CEO. The reverse, up-list and financing constituents a turning point and a milestone event for all of GTX Corp's stakeholders.

This financing will provide the critical resources needed to scale and build out the business, Bertagna said. "With the wearable technology and IoT industry growing rapidly, the infusion of resources comes at the perfect time and will allow the Company to focus solely on growth and execution, " he concluded.

Gogo Inc. (NASDAQ: GOGO) is the Inflight Internet Company. The Company is the leading global provider of broadband connectivity products and services for aviation. The Company recently announced that it has completed a comprehensive analysis of its business and is implementing an Integrated Business Plan designed to improve the Company's operational and financial performance. The IBP, branded as 'Gogo 2020', transforms Gogo's business model and is intended to significantly reduce its cost structure, improve quality, drive revenue, streamline business processes and prudently strengthen its balance sheet. Oakleigh Thorne, President and Chief Executive Officer of Gogo, said, "The initiatives we are executing under our Integrated Business Plan demonstrate our commitment to taking aggressive action to position Gogo for sustainable value creation. Gogo 2020 represents a new era for Gogo with a significantly reduced cost structure, much lower capital expenditures, and a streamlined and standardized approach to meeting the needs of our customers with improved quality and service."

SITO Mobile Ltd. (NASDAQ: SITO) is transforming the manner in which brands connect with consumers in the real world by developing a mobile engagement platform that drives awareness, loyalty, and ultimately sales. The Company announced in May of last year the appointment of Thomas J. Pallack and Mark Del Priore as the Company's Chief Executive Officer and Chief Financial Officer, respectively. Since June 1, 2017, Pallack and Del Priore served as executives of the Company on an interim basis. In addition, the Company announced the appointment of William Seagrave as the Company's Chief Operating Officer. Previously, Seagrave directed sales, product, and market strategies for global technology companies including Cisco, Oracle, Intel, Baxter and venture-backed technology companies in the social marketing, consumer analytics, telecom and mobile infrastructure industries. He has extensive experience with SaaS and subscription model product lines, marketing analytics, software infrastructure, cloud, and network technologies leveraging the Internet of Things (IoT). While at Oracle, Seagrave was a founding member of the Oracle Applications team, which developed the Oracle Applications unit from a concept to a multi-billion-dollar success. "The people and product offerings at SITO provide a strong foundation for growth and expansion," said Bill Seagrave, Chief Operating Officer of SITO Mobile. "The business is well-positioned for its next stage of development in the technology landscape."

Netlist Inc. (NASDAQ: NLST) provides high-performance modular memory subsystems to customers in diverse industries that require enterprise and storage class memory solutions to empower critical business decisions. Netlist aims to be an integral part of the acceleration of business insight, digital social interaction and the Internet of Things. Netlist Inc. and ScaleMP Inc., a leader in software-defined computing and memory solutions recently announced a collaboration agreement to develop software-defined memory (SDM) solutions for Netlist's HybriDIMM™. HybriDIMM combines DRAM and existing NVM technologies with intelligent 'on-DIMM' co-processing to deliver a significantly lower cost of memory. Expected to be launched in 2019, HybriDIMM supports multiple server architectures and is recognized as a standard LRDIMM without BIOS modifications. HybriDIMM's cost-effective memory expansion and fast storage allow Sdata center operators to reduce the cost of running database applications, online transaction processing, big data analytics, web applications and in-memory computing, and to capitalize on the promise of storage class memory using well-established NAND or newer, innovative NVM media. "With SDM, ScaleMP has pioneered the use of low-cost, high-capacity non-volatile media as memory," said C.K. Hong, Chief Executive Officer of Netlist. "We look forward to leveraging ScaleMP's expertise to further highlight HybriDIMM's cost-effective fast storage and memory capabilities in various data-intensive applications."

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA Sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high-performance data analytics platform, this technology delivers visibility, security, and business intelligence on any commercial or government location worldwide. Inpixon's products and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. In May, the Company announced its reseller partnership with Canadian-based wireless integration specialist Genwave Technologies Inc., known for its mastery of in-building radio-frequency (RF) engineering and design-build. Inpixon and Genwave join forces to nurture the indoor technology industry's prosperous growth intertwined with the Internet of Things (IoT), RF systems, and Wi-Fi. As a strategic partner in the location-driven and physical arenas, Inpixon's Indoor Positioning Analytics (IPA) reinforces the shared spectrum bridging the IoT to RF engineering.

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