Sierra Wireless’ IoT solution and managed service enables Stone Technologies to generate new revenue streams with a remote monitoring application for industrial companies
VANCOUVER, British Columbia–(BUSINESS WIRE)–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.
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.
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.
Kim HomeniukSierra WirelessMedia Relationsphone: +1 604 233 8028[email protected]
David ClimieSierra WirelessInvestor Relationsphone: +1 604 321 1137[email protected]