Connexion Media (ASX: CXZ)
With the growth of the ‘Internet of Things’, the world is now a hyper connected place.
Through smart watches, smartphones and smart televisions, we can monitor every step we take, every move we make and pretty much every breath we take.
In a few short years, almost all our cars will also be connected to the Internet – and we will no doubt want to track their performance, amongst a myriad of other advantages that come with a connected car.
This presents big opportunities to those at the forefront of this emerging multi-billion dollar ‘connected car’ industry.
One small ASX listed tech stock is aligning with multiple multi-national automakers, included General Motors, Ford and Peugeot, and has two products on offer – one in the infotainment space, and the other in telematics, which gives car fleet managers the tools to drive their profits further.
This telematics solution just caught the eye of none other than Microsoft – who has just elevated this ASX company to Gold Status Partner for the software giant’s Go-To-Market Services.
In one move, this exposes the company’s technology to tens of thousands of Microsoft sellers and channel partners… and with it, comes the potential for swift revenue growth over the coming months.
The Microsoft partnership comes on the back of another major connection this company made last year with car manufacturing giant General Motors.
This $10 million capped ASX stock developed its relationship with GM into a game changing Australian automotive deal; with its technology being a key piece of GM’s ‘connected car’ puzzle through its tailor-made ‘Commercial Link’ solution.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
So with two major partnerships in the bag, which could potentially bring in big revenues, this company isn’t resting on its laurels. It intends to partner up with further major automotive companies to really set the global connected car industry alight.
Through Microsoft and GM, this ASX stock’s low cost connected car solution now has the partnerships and growing reputation to build on the unlimited potential for a future of internet connected vehicles.