Pareteum Global Cloud Wins IoT Evolution's 2017 IoT Excellence Award

NEW YORK, March 5, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, announced today that it has been awarded the IoT Evolution's 2017 IoT Excellence Award from TMC and Crossfire Media, a global integrated media company recognized as the voice of the industry.

The 2017 IoT Evolution IoT Excellence Award honors innovative products that support the availability of information being deduced, inferred and directly gathered from sensors, systems and anything else that is supporting better business and personal decisions. The mission of Pareteum's Cloud Communications Platform is that every person and every thing should be connected and provides a new, singular industry solution that delivers relevant information to any device, any network, anywhere.

"It is my pleasure to recognize Pareteum's Unified Cloud Mobility Solution with an IoT Excellence Award for its excellence in innovation," said Carl Ford, CEO & Community Developer, Crossfire Media. "As a leader in this rapidly evolving industry, I look forward to seeing Pareteum's future successes."

Hal Turner, Executive Chairman and Principal Executive Officer at Pareteum said, "This noteworthy IoT Evolution 2017 IoT Excellence Award signifies our constant innovative spirit and growth of new software, networking, and technological advances at Pareteum, particularly in our Global Cloud Services Platform (GCSP). Pareteum's capabilities to provide useful and informative insights to the vast amounts of data that traverses our Global Cloud Services Platform (GCSP) are key value drivers for our customers. As we couple our services with trustful transactions and Blockchain secured payment systems enablement, and with our powerful multifactor identity management solutions, our customers benefit exponentially in their key areas of interest: sales growth and expense management. The IoT has a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025, according to McKinsey. Pareteum is well positioned to capture increasing portions of this vibrant market "     

"We are pleased to be recognized for this award. What is really exciting to us is the fact we have been able to take technological developments around mobile services and extend that to the evolving needs of the Internet of Things. Our Global Cloud Services Platform truly provides a single source for management of all wireless devices," stated Vic Bozzo, Chief Executive Officer of Pareteum. 

Awards from TMC are regarded among the most prestigious and respected honors in the communications and technology sector worldwide. Winners represent prominent players in the market who consistently demonstrate the advancement of technologies. Each recipient is a verifiable leader in the marketplace. TMC has been honoring technology companies with awards in various categories for more than 20 years.

About TMC
Global buyers rely on TMC's content-driven marketplaces to make purchase decisions and navigate markets. This presents branding, thought leadership and lead generation opportunities for vendors/sellers. 

About Pareteum Corporation
The mission of Pareteum Corporation (NYSE American: TEUM) is to connect "every person and everything". Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our platform services partners (technologies integrated into our Cloud) include: HPE, IBM, Sonus, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum's award winning software, developed and enhanced for many years. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: www.pareteum.com.

Forward Looking Statements:
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.  

Pareteum Investor Relations Contact:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
[email protected]

Hayden IR
(917) 658-7878

TMC Contact                                                                      
Rebecca Conyngham
Marketing Manager
203-852-6800, ext. 287
[email protected]

SOURCE Pareteum Corporation

Related Links

http://www.pareteum.com