NEWARK, N.J., June 09, 2016 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (AKDS), a global provider of scalable and interoperable Internet of Things (IoT) solutions focused on industrial automation and energy management, is pleased to announce the launch of the Arktic™ software platform, its new state-of-the-art, open and scalable machine-to-machine (M2M) data analytics tool designed for Industrial Internet of Things. The Arktic™ platform is integrated with hardware from the Company’s strategic product partner, Tatung Company (TWSE:2371), and is designed to drive wide scale industrial and commercial applications such as Energy Management, Measurement and Verification, Predictive Analytics and Machine Automation, enabling better decision making, reduced costs, increased efficiency and productivity, and ultimately, improved margins.
Arktic™, an open software system, allows for integration with third-party products, and is designed to optimize the use of logic and data handling, making it cost-efficient and easy to implement for product development companies, system integrators and value added resellers. In addition, Arktic™ is a scalable and light-weight computing platform, which makes it equally practical for highly valuable point solutions including machine performance monitoring, and large scale implementations, such as Smart Building or Smart City.
The release of the Arktic™ platform not only represents a significant milestone for the Company in terms of product development, but also signifies its continued focus on innovating and bringing valuable technology solutions for the Industrial Internet of Things to market. With Arktic™, Arkados is able to bring full-featured solutions to a range of customers in large addressable markets, where time and cost efficiency help to optimize return on investment.
Arkados’ Chief Executive Officer, Terrence DeFranco, commented, “The Arktic™ software platform is a breakthrough development for Arkados. The system is unique, given its open architecture, built-in security features, and ability to scale to the most demanding needs of our commercial customers. Moreover, the integration of Arktic™ with gateways from our valued partner, Tatung, allows us to respond to opportunities quickly and drive high margin revenue. The value proposition is clear: Arkados is able to deliver high quality products that are not only easy to implement and manage, but also optimize return on investment for our customers and the Company.”
The Company’s Quarterly Report on Form 10-Q for the three month period ended February 29, 2016 is on file with Securities and Exchange Commission. To access the report, click here.
In a November 2015 press release, Gartner estimates that the Internet of Things (IoT) will support total professional services (defined as external providers that design, install and operate IoT systems for businesses under contract) spending of $235 billion in 2016, up 22% from 2015, and that connectivity services (through communications service providers) and consumer services will grow at an even faster pace. Another more recent Gartner report estimates IoT deployment in commercial buildings is on track to reach just over 1 billion in 2018.
Verizon’s The Internet of Things 2015 report revealed that among organizations having integrated IoT into their operations, 82% reported increased efficiency; 49% saw enhancements in product quality; and 45% claimed IoT technology has increased customer satisfaction.
About Arkados Group, Inc.
Arkados Group, Inc. through its subsidiaries is a global provider of scalable and interoperable Internet of Things (IoT) solutions focused on industrial automation and energy management. The Company’s solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company’s solutions, Arkados’ customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost. Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados, please visit us at http://www.arkadosgroup.com, and follow us on Facebook, LinkedIn, Twitter and Google+.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, insufficient working capital, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.