LOS ANGELES, CA / ACCESSWIRE / November 27, 2017 / BeWhere Holdings Inc. (TSX-V: BEW, OTCQB: BEWFF), a leading Industrial Internet of Things (“IIoT”) company, announced today that it will be presenting at the 10th annual LD Micro Main Event on Tuesday, December 5th at 4:30 PM PST / 7:30PM EST at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. The Company’s Executive Vice President and Corporate Director, Mark W. Kohler, will be presenting, as well as meeting with investors.
Revenues increased by over 804% year over year, and 75% quarter over quarter – Revenues for the three months ended September 30, 2017 were $707 thousand compared to $42 thousand for the three months ended September 30, 2016: an increase of $665 thousand (1,583%). For the nine months ended September 30, 2017, revenues were $1,244 thousand compared to $138 thousand for the nine months ended September 30, 2016: an increase of $1,106 thousand (804%).
Gross Profit continues to trend higher – Gross profits for the three months ended September 30, 2017 were $218 thousand compared to $22 thousand for the three months ended September 30, 2016: an increase of $196 thousand (891%), as the Company scaled its shipments as part of previously announced customer wins.
Working Capital remains healthy and cash level increases – The Company increased its cash balance by $163 thousand in the third quarter, and had a working capital balance of approximately $1.35 million at quarter end.
On September 11, 2017 BeWhere’s Chief Executive Officer Owen Moore presented at the 5th GSMA Global Mobile IoT Summit in San Francisco.
On October 11, 2017 the Company announced that it had raised a total of $2,149,500 from the successful completion of its private placement financing, whereby the Company issued 7,165,000 common shares.
On October 13, 2017 BeWhere announced the implementation and rollout of an advanced mobile safety solution, providing enhanced security for Brinks Canada Operations.
On November 9, 2017 BeWhere, BELL, and Huawei, together with The Premier of Ontario Kathleen Wynne, announced the successful completion of the first Low-Powered Wide Area (“LPWA”) cellular case study at Henry Pelham Winery in Pelham, Ontario show casing BeWhere’s disruptive technology for environmental monitoring.
This morning I was at Henry of Pelham in St. Catharines to see an innovative piece of technology. It seems a bit surprising that a winery would be the place to look for innovative tech, but the small environmental monitoring device they're using will give the winery a big boost in production.The project is the impressive result of a collaboration between Henry of Pelham, BeWhere, Huawei, and Bell, and it's international partnerships like this that are the reason I go on trade missions. They create innovative opportunities here in Ontario. I'll be travelling to China and Vietnam later this month with over 100 delegates, and I can't wait to see the opportunities and partnerships that grow out of this mission.
Henry of Pelham testing BCE, Huawei, BeWhere technology
‘We cannot control nature, so we have to work with nature’
A brisk wind sweeps through the Henry of Pelham winery in Niagara, Ontario, as a farmer inspects sensors on Cabernet Sauvignon vines in preparation for ice-wine season.
The sensors are part of a pilot project by BCE Inc.’s Bell Canada, Chinese telecommunications giant Huawei Technologies Co. and Toronto-based software company BeWhere Inc. in search of the ultimate vintage in one of Canada’s main wine-growing regions.
The sensors, which are a little larger than an iPhone, are charged by solar panels. They can capture data on things like temperature, water levels and humidity to improve vineyard operations, and help prevent vine disease. The technology consists of BeWhere sensors, Huawei chips and Bell’s new wireless network, “LTE-M,” a low power, wide-range network.
“We cannot control nature, so we have to work with nature,” Paul Speck, president of Henry of Pelham, said Thursday at the vineyard. “The more we understand what nature’s doing, the more we can react. This technology does that and it does that very inexpensively.”
If successful, the Internet of Things project will expand beyond vineyards to other agricultural industries. IoT refers to everyday tools — from automobiles to home appliances — connected to computer systems to be more functional. Many manufacturers have started bringing such devices to market and companies including Hitachi Ltd. and Dell Technologies Inc. have invested heavily in these platforms.
Premier Kathleen Wynne was at Henry of Pelham Family Estate Winery today in Pelham in Niagara Region, as Bell announced a new partnership with Ontario-based BeWhere, an Internet of Things (IoT) solutions company, and China-based tech company Huawei, the world’s largest telecommunications equipment maker.
Together, the companies have developed an environmental monitoring solution to help improve the health and quality of plants at the vineyard. The product will use sensors connected to Bell’s LTE-M wireless network to remotely monitor temperature and water levels, automatically adjusting as weather conditions change. The innovative IoT solution will help lower costs, keep more vines alive longer and promote greater sustainability.
Pilot project with Henry of Pelham Family Estate Winery an important step forward in developing IoT smart technology solutions for agriculture
PELHAM, ON, November 9, 2017 – Bell today announced it has partnered with BeWhere Technologies and Huawei to implement an automated Internet of Things (IoT) solution for the Henry of Pelham vineyard to help improve planning and sustainability programs. The announcement took place this morning with the three partners, alongside Ontario Premier Kathleen Wynne, who highlighted the partnership ahead of her trade mission to China.
“Ontario’s technology sector is leading the way when it comes to developing solutions that can promote sustainability, grow our economy and create opportunities for our people,” said Kathleen Wynne, Premier of Ontario. “This new IoT pilot shows the innovation that can be achieved when internationally recognized companies like Huawei partner with world-class Ontario businesses like Bell Mobility, BeWhere and Henry of Pelham and leverage the incredible talent of our province’s highly skilled workers.”
By using wireless environmental sensors connected to Bell’s LTE-M wireless network, the winery will be able to remotely monitor temperature and water levels, prevent vine disease, and ultimately improve the health of its plants, lowering operating costs and providing for years of maintenance-free data gathering.
Un projet pilote mené avec le vignoble Pelham Family Estate Winery représente un important pas en avant dans le développement de solutions de technologies intelligentes IdO pour le secteur agricole.
PELHAM (Ontario), le 9 novembre 2017 – Bell a annoncé aujourd’hui la conclusion d’un partenariat avec BeWhere Technologies et Huawei pour mettre en œuvre des solutions automatisées utilisant l’Internet des objets (IdO) dans le vignoble Henry of Pelham, et aider ainsi cette exploitation viticole à améliorer sa planification et ses programmes de durabilité. L’annonce a été faite ce matin par les trois partenaires accompagnés de la première ministre de l’Ontario, Kathleen Wynne, qui a mis en avant cette collaboration dans la perspective de sa prochaine mission commerciale en Chine.
« Le secteur technologique de l’Ontario fait figure de chef de file dans le domaine de la conception de solutions qui favorisent le développement durable, contribuent à la croissance de notre économie et ouvrent des possibilités à nos concitoyens, a rappelé la première ministre. Ce nouveau projet pilote d’IdO témoigne des niveaux d’innovation qu’il est possible d’atteindre lorsque des entreprises de renommée internationale comme Huawei s’associent à des sociétés ontariennes de calibre mondial comme Bell Mobilité, BeWhere et Henry of Pelham et profitent du talent exceptionnel des travailleurs hautement qualifiés de notre province. » Continue reading