Xped (ASX: XPE)
Most of us have heard about the Internet of Things (IoT) – It is about smart technology designed to make the world a smarter place.
Basically anything with an on/off switch that can be connected to the internet forms the basis of the Internet of Things.
This futuristic world is presenting unimaginable opportunities for tech companies in a race to establish themselves on top of the pecking order in this new market.
The industry will exceed $1TN by 2020 and will impact 4 billion connected people via 25 million apps and 25 billion embedded and intelligent systems…
That is just five years away.
Recently we have seen giant tech companies gobble up smaller innovative players in the space – Google acquired Nest Labs for $3.2BN, Samsung acquired SmartThings for $200 million.
This tech company has created an app that acts as a central control for ALL of your smart devices.
Imagine using your smart phone to turn on your television, sound system, air conditioning, dish washer and washing machine – all via one simple to use and affordable app.
Now, this is an early stage technology company – and its a speculative investment, so apply caution if considering making an investment.
This company is hanging its hat on the simplicity of its product. It is taking the tech speak out of the device control industry and making it human.
And in doing so it is well on its way to early revenues with advanced relationships with semi-conductor companies…
This company is moving fast, has its patents, and is setting itself to become a major player in the IoT space – by putting the humanity back into technology…