The Internet of Things (IoT) is at the peak of the technology hype cycle and will reach its final maturity stage in the next five to ten years. In 2016, the number of devices connected to the Internet globally will reach 6.4 billion, and this figure will increase to nearly 21 billion by 2020. Investors immigrating to Canada have learned that at the recent GSMA Mobile World Congress, the Canadian connected car platform provider Mojio and ZTE Corporation (hereinafter referred to as ZTE) have reached a strategic cooperation agreement to jointly explore the global Internet of Vehicles market.
Canadian Internet of Vehicles solution provider Mojio's CEO Mr. Kenny Hawk said, "We are very pleased to reach a strategic cooperation with ZTE and ZTE IoT. What Mojio provides is not just an Internet of Vehicles solution; we provide an open data platform and various APIs, allowing third-party developers to build their own Apps based on this platform to provide various services. We are building an Internet of Vehicles ecosystem, and our business model has also been recognized and invested in by companies such as Amazon and Deutsche Telekom. By leveraging ZTE's global sales network and ZTE IoT's excellent vehicle terminal product capabilities, both parties can achieve rapid expansion, thereby providing better experiences to global users."
ZTE IoT Deputy General Manager Wang Zhijun said: "ZTE IoT focuses on the IoT field, with products covering wireless communication modules, security, and the Internet of Vehicles. Over the past two years, we have begun to enter the high-end markets in Europe and America on a large scale, providing customers with intelligent LTE-based OBD and TBOX. We are very pleased to reach a strategic cooperation with Mojio, and both parties will work together to provide end-to-end solutions for global operators and partners, helping customers quickly develop business capabilities."
ZTE has been investing heavily in the IoT field since 2009, and in 2014, it officially proposed the M-ICT strategy, focusing on the development of industry informatization and making rapid progress in industrial layout and intellectual property. According to an analysis report by the UK Intellectual Property Office on global IoT patents from 2004 to 2013, ZTE's IoT patents ranked first among global enterprises.
About ZTE IoT: Shenzhen ZTE IoT Technology Co., Ltd. is a wholly-owned subsidiary of ZTE Corporation, focusing on the R&D, production, and sales of wireless communication modules, industry-customized terminals, and M2M solutions, committed to promoting application innovation in the field of public services. Currently, ZTE IoT's series of products and solutions have been widely used in 15 countries and regions, including Greater China, the United States, Japan, South Korea, Taiwan, and Russia.
About Mojio Inc.: Mojio is a leading North American cloud-based Internet of Vehicles open platform company that provides real-time communication, data, and analysis services to customers such as consumers, business providers, and automotive retailers through a smartphone APP.