iQSTEL Announces Subsidiary’s
Completed Acquisition of IoT Labs Mexico, an Internet of Things
(IoT) Technology Developer, Including the “IoT Smart Gas”
Platform
NEW YORK, NY -- May 11, 2020 -- InvestorsHub NewsWire -- iQSTEL
Inc. (IQST)
is pleased to announce the 100% acquisition of IoT Labs Mx SAPI
(“IoT Labs”) has been completed, an Internet of Things Technology
Developer, with its Star Product “IoT Smart Gas Platform”.
The IoT Smart Gas Platform consists of in-field equipment,
mobile application, and backend software platform, that allows for
remote monitoring of LP gas tanks. This is a consumer install-able
device that provides real-time gas tank level monitoring and
refilling requests via a smartphone app through the company’s gas
partners. IoT Labs’ patent-pending device works anywhere there is a
radio signal and/or cellular connection, and once connected to the
tank, can be left unattended for over 2 years before battery
replacement is needed.
“IoT Smart Gas units are in production, with more than 100 in
field use already. The existing infrastructure access that iQSTEL
allows us to benefit from will assist in the rapid
commercialization process across Mexico, Latin America, and later
this year through Europe and Canada,” said Francisco Bunt, CEO of
IoT Labs Mexico.
Additional information on IoT Labs Mx SAPI and the IoT Smart Gas
Platform can be found on their corresponding
websites: www.iotllabs.mx and www.smartgas.lat.
According to QYResearch, the global IoT market is expected to
reach $1 trillion by 2025. The advent of 5G is a major driving
force behind this rapid growth. iQSTEL continues to expand 5G
networks throughout Latin America and beyond, facilitating rapid
IoT deployments across large areas of the population.
Mr. Iglesias commented: “We have been looking for a high value
IoT product for customers along with strong corporate margins and
IoT Labs MX along with their IoT Smart Gas Platform is a perfect
fit. This platform will be disruptive in the gas industry,
significantly increasing efficiencies. IoT Labs and the iQSTEL team
are already designing upgrades to expand the platform from LP gas
tanks to general storage tanks, including gasoline, beverage,
water, and more.”
“The IoT marketplace, part of our 21st century enhanced
telecommunications corporate vision, is seeing demand explode. The
infrastructure to support this growth is being deployed by iQSTEL
throughout Latin America,” Mr. Iglesias, iQSTEL´s CEO
concluded.
About iQSTEL Inc.:
iQSTEL Inc. (IQST) www.iQSTEL.com is
a US-based publicly listed company offering leading-edge
21st Century Enhanced Telecommunications Services with a focus
on a wide range of cloud-based enhanced services to the Tier-1 and
Tier-2 carriers, corporate, enterprise, as well as the retail
market. iQSTEL through its subsidiaries (www.etelix.com; www.SwissLink-Carrier.com; www.QglobalSMS.com; www.SMSDirectos.com; www.IoTLabs.mx; www.smartgas.lat; www.itsBchain.com)
offers a "one-stop-shopping” for international and domestic VoIP
services, IP-PBX services, SMS exchange for A2P and P2P,
OmniChannel Marketing, Internet of Things (IoT) applications (IoT
Smart Gas), 4G & 5G international infrastructure connectivity,
as well as blockchain-based platforms: Mobile Number Portability
Application (MNPA) and Settlement & Payments Marketplace for
VoIP, SMS, and Data.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is a wholly owned
subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami,
Florida-based international telecom carrier founded in 2008 that
provides telecom and technology solutions worldwide, with
commercial presence in North America, Latin America, and Europe.
Enabled by its 214-license granted by the Federal Communications
Commission (FCC), Etelix provides International Long-Distance voice
services for Telecommunications Operators (ILD Wholesale), and
Submarine Fiber Optic Network capacity for internet (4G and 5G).
Etelix was founded in 2008 and has been profitable since
inception.
About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is
a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a
Switzerland based international Telecommunications Carrier founded
in 2015 providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS, and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a
profitable level.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51%
owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based company
founded in 2020 specialized in international and domestic SMS
termination, with emphasis on the Applications to Person (A2P) and
Person to Person (P2P) for Wholesale Carrier Market and Corporate
Market in US. QGlobal SMS has commercial presence in Europe, the
USA, and Latin America. QGlobal SMS has robust international
interconnection with Tier1 SMS Aggregators, guaranteeing its
customers high quality and low termination rates, over more than
100 countries worldwide.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75%
owned subsidiary of iQSTEL Inc. itsBchain is a blockchain
technology developer and solution provider, with a strong focus on
the telecom sector. The company is the final stage of
development of a series of blockchain solutions aimed at using the
blockchain ledger and smart contract solutions to enable more
efficiency, quickness in execution, and fraud-prevention in the
telco industry. Specifically, the company is developing a
solution that will enable users and carriers to transfer mobile
phone numbers with just a few clicks, allowing users and carriers
the ability to transfer retail users from one mobile carrier
to another instantly. Additionally, the company is finalizing
a carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS, and data real time as
traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of
fraud between carriers.
Safe Harbor Statement: Statements in this
news release may be "forward-looking statements". Forward-looking
statements include, but are not limited to, statements that express
our intentions, beliefs, expectations, strategies, predictions, or
any other statements relating to our future activities or other
future events or conditions. These statements are based on current
expectations, estimates, and projections about our business based,
in part, on assumptions made by management. These statements are
not guarantees of future performance and involve risks,
uncertainties, and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and are likely to,
differ materially from what is expressed or forecasted in
forward-looking statements due to numerous factors. Any
forward-looking statements speak only as of the date of this news
release and iQSTEL Inc. undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this news release.
iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
www.iqstel.com; www.etelix.com; www.SwissLink-Carrier.com; www.QglobalSMS.com; www.SMSDirectos.com; www.IoTLabs.mx; www.smartgas.lat; www.itsBchain.com
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