Stone Technologies Selects Sierra Wireless IoT Solutions to Expand Business into Industrial Monitoring Market
May 30 2019 - 8:00AM
Business Wire
Sierra Wireless’ IoT solution and managed
service enables Stone Technologies to generate new revenue streams
with a remote monitoring application for industrial companies
Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the leading provider
of fully integrated device-to-cloud solutions for the Internet of
Things (IoT), today announced that Stone Technologies, a supplier
of intelligent monitoring solutions, has chosen Sierra Wireless’
Uplink® remote monitoring solution and connectivity services to
expand beyond its traditional alarm monitoring business to generate
new revenue streams.
Art Stone, CEO, Stone Technologies, said: “Sierra Wireless’
Uplink solution and connectivity services have allowed us to expand
into new markets and open new revenue streams with a managed
service for industrial monitoring. We’re giving customers greater
visibility over their remote equipment, whether they’re in
wastewater monitoring, tower lighting or emergency generator
management. By partnering with Sierra Wireless, we were able to
deliver a new service for our customers and increase our monitoring
revenue by 32 percent from 2017 to 2018.”
Stone Technologies was already using Uplink solutions for its
security monitoring services but recognized that these same remote
monitoring capabilities could be used to realize new business
opportunities outside of the security industry. The company is now
providing a managed service for government and enterprise customers
with three unique use cases: radio tower lighting, emergency
generators and water/wastewater management stations. Stone
Technologies’ can now monitor critical operations data about the
status and performance of its customers’ systems, allowing them to
increase revenue and find cost savings. Additionally, this service
helps Stone Technologies customers ensure compliance with safety
regulations and avoid government and municipality fines due to, for
example, sewer water escaping into environmentally sensitive areas
or radio tower lights failing.
Marc Overton, Chief Solutions Officer, Sierra Wireless, said:
“As Stone Technologies’ trusted IoT partner, Sierra Wireless
provides solutions and services that enable them to capitalize on
opportunities for recurring revenue in new markets. Stone
Technologies’ managed monitoring service guarantees that they can
react quickly to costly system failures and important mechanical
events, helping their customers avoid hefty fines and business
losses. By providing a new service to customers, Stone Technologies
has greatly increased their annual revenue and expanded into new
markets.”
The Uplink 5500EZ remote monitoring solution sends an alert to
the user anytime that a connected device has had a change of state,
making it an ideal solution for wide range of monitoring
applications, from security to industrial and beyond.
To contact the Sierra Wireless Sales Desk, call +1 877-687-7795
or visit http://www.sierrawireless.com/sales.
Resources:
- Case study: How Stone Technology Uses
the Uplink 5500EZ for Industrial Monitoring
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is an IoT pioneer,
empowering businesses and industries to transform and thrive in the
connected economy. Customers Start with Sierra because we offer a
device to cloud solution, comprised of embedded and networking
solutions seamlessly integrated with our secure cloud and
connectivity services. OEMs and enterprises worldwide rely on our
expertise in delivering fully integrated solutions to reduce
complexity, turn data into intelligence and get their connected
products and services to market faster. Sierra Wireless has more
than 1,300 employees globally and operates R&D centers in North
America, Europe and Asia. For more information, visit
www.sierrawireless.com.
About Uplink
Uplink, a Sierra Wireless Solution, is the security industry’s
most trusted source for wireless alarm communicators. Uplink’s
cellular alarm communications and interactive services offer a
superior wireless solution that is always connected when they need
it most. Uplink solutions are powered by Sierra Wireless, providing
packaged solutions to alarm dealers as a fast, easy and highly
profitable solution to meet their customer’s security, industrial
monitoring and GPS tracking needs. As a security solutions
provider, Uplink solutions have long been the security industry’s
most trusted source of wireless alarm communicators, delivering a
unique combination of superior value and reliable technology for
over 20 years. For more information, visit www.uplink.com.
Connect with Sierra Wireless on the IoT Blog at
http://www.sierrawireless.com/iot-blog, on Twitter at
@SierraWireless, on LinkedIn at
http://www.linkedin.com/company/sierra-wireless and on YouTube at
http://www.youtube.com/SierraWireless.
“Sierra Wireless” and “Uplink” are registered trademarks of
Sierra Wireless. Other product or service names mentioned herein
may be the trademarks of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. These forward-looking statements
relate to, among other things, plans and timing for the
introduction or enhancement of our services and products,
statements about future market conditions, supply conditions,
channel and end customer demand conditions, revenues, gross
margins, operating expenses, profits, and other expectations,
intentions, and plans contained in this press release that are not
historical fact. Our expectations regarding future revenues and
earnings depend in part upon our ability to successfully develop,
manufacture, and supply products that we do not produce today and
that meet defined specifications. When used in this press release,
the words "plan", "expect", "believe", and similar expressions
generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of
risks and uncertainties, including, but not limited to, changes in
technology and changes in the wireless data communications market.
In light of the many risks and uncertainties surrounding the
wireless data communications market, you should understand that we
cannot assure you that the forward-looking statements contained in
this press release will be realized.
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version on businesswire.com: https://www.businesswire.com/news/home/20190530005296/en/
Kim HomeniukSierra WirelessMedia Relationsphone: +1 604 233
8028pr@sierrawireless.com
David ClimieSierra WirelessInvestor Relationsphone: +1 604 321
1137dclimie@sierrawireless.com
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