M2M vendor Numerex has reported impressive gains in third-quarter earnings and revenues due to rising demand for its subscription-based security, asset tracking and monitoring services.
The company claimed a 32% year-on-year increase in net profit, before the inclusion of income-tax benefits, to $987,000, while overall revenues grew 17% to about $17.7 million.
Inmarsat and SkyWave claim to have sold 12,000 of their IsatData Pro terminals – aimed at satisfying M2M needs in the transportation, oil and gas, utilities and mining sectors – so far this year.
The companies have designed the terminals to work on Inmarsat’s global L-band satellite network and say it is ideal for a wide range of enhanced M2M applications, including SCADA (Supervisory Control and Data Acquisition) communications for systems that monitor gas pipelines and oil wells, as well as telemetry and fleet-management services.
French technology group Sagemcom has acquired Germany smart-metering company Froschl for an undisclosed sum.
Sagemcom (Rueil-Malmaison, France), which sells terminals in the digital TV, energy and document-management sectors, claims the takeover will help it realize an ambition of becoming a major international player in the smart-meter market.
Froschl specializes in developing data-management software that will round out Sagemcom’s portfolio, according to the French company, and help it to win new business.
Vodafone has signed a multi-year global contract with Gemalto, under which the Dutch M2M company will help the telecoms operator to launch so-called ‘wave and pay’ contactless transactions via mobile phones.
Best known for its digital security products, Gemalto (Amsterdam, the Netherlands) will provide Vodafone (Newbury, UK) with its Trusted Service Management (TSM) platform, which manages mobile-payment security encryption between financial institutions and mobile operators, as well as its UpTeq NFC card product.
PayPal is cutting about 325 jobs as part of a major reorganization by its new president, David Marcus, designed to regain an innovative edge and head off rising competition.
PayPal, the online payment pioneer owned by eBay Inc (San Jose, USA), said on Monday the full-time jobs would be eliminated as it combines nine product-development groups into one. The company is also cutting about 120 contractors.
EBay will take a $15 million pretax restructuring charge in the fourth quarter related to the job reductions.
Shipments of cellular M2M modules are forecast to rise from 76 million in 2012 to 104 million next year, according to new research from Strategy Analytics.
The market-research company says the usage of M2M in areas like smart metering and passenger vehicle crash protection is being driven by new legislation, including the European Energy Efficiency Directive and eCall.
Ultimately, it reckons regulatory changes will boost the number of modules in operation from millions to billions by 2020.
This year has marked the start of the mobile and big-data age in enterprise IT. A related but distinct trend has also been the emergence of “machine-to-machine” (M2M) communication, which depends on wireless technology and real-time analytics. M2M is revolutionizing technology across a range of industries, from smart meters in energy and utilities (the “smart grid”) to connected vehicles in automotive and logistics, heart monitors in healthcare, RFID‐tagged inventory in retail and manufacturing, and digital signage in media and communications.
Nearly 40% of executives from water utilities think it is “highly likely” that demand will exceed supply by 2030, underscoring the need for better management through innovations like network sensors and smart meters, according to a new study from software giant Oracle and the Economist Intelligence Unit.
Some 45% of the 244 executives surveyed for the report reckoned that wasteful consumer behavior is the main barrier to meeting future demand, with about a third of respondents rating worries over climate change and low tariffs as other significant barriers.
M2M technology is finding some novel applications. A new service available from Deutsche Telekom’s M2M Marketplace is designed to provide automatic notifications to livestock farmers when calving begins or when a cow is in heat and ready for insemination.
The system works by means of M2M data-collection devices, equipped with Deutsche Telekom (Bonn, Germany) SIM cards, installed in stables or the field. Sensors measure the cow’s vital data and then relay it to the data collection device, which, in turn, sends a text-message notification to the farmer.
Siemens Smart Grid has introduced an updated version of its demand response system, claiming it allows utilities to manage demand response programs more effectively than via traditional processes.
The so-called Demand Response Management System (DRMS) Version 2.0 is supposedly one of the first technologies that can ‘surgically’ target demand reductions through substation, feeder, zip code or geographical location. This means that utilities can reduce power loads at critical sections of their distribution network.