Toll-free: (844) 229-4373
Category: BeWhere Press Release
BeWhere Holdings Inc. Receives 20,000 Unit Order to Support Fleet Complete’s Innovative M-IOT Solutions
TORONTO, ON. May 29, 2018 – (TSX-V: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”), a Mobile Internet of Things (“M-IOT”) solutions company, is pleased to announce a 20,000 unit order of M-IoT sensors from its fleet management partner, Fleet Complete®.
BeWhere Holdings Inc. Reports First Quarter 2018 Financial Results and Announces Grant of Options
TORONTO, ON. May 29, 2018 – (TSX-V: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”), an Industrial Internet of Things (“IIOT”) solutions company that designs and sells hardware with sensors and software applications to track real-time information on movable assets. The company develops mobile applications, middle-ware and cloud-based solutions that stand-alone or that can be readily integrated with existing software, announces its financial results for the three months ended March 31, 2018.
BeWhere Holdings Inc. Reports Fourth Quarter and Fiscal Year-end Financial Results and Provides Business Update
Toronto, Ontario (FSCwire) – (TSX-V: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company” an Industrial Internet of Things (“IIOT”) solutions company that designs and sells hardware with sensors and software applications to track real-time information on movable assets. The company develops mobile applications, middle-ware and cloud based solutions that stand-alone or that can be readily integrated with existing software, announces its financial results for the three and twelve months ended December 31, 2017.
Highlights
- Revenues increased by over 748% year over year, and 504% quarter over quarter – Revenues for the three months ended December 31, 2017 were $443 thousand compared to $88 thousand for the three months ended December 31, 2016: an increase of $355 thousand (504%). For the twelve months ended December 31, 2017, revenues were $1,686 thousand compared to $225 thousand for the twelve months ended December 31, 2016: an increase of $1,461 thousand (748%).
- Gross Profit continues to trend higher – Gross profits for the twelve months ended December 31, 2017 was $332 thousand compared to $57 thousand for the twelve months ended December 31, 2016: an increase of 580%. Gross profits increased primarily as a result of increased product and solution deliveries in the quarter and the positive effect of scaling the Company’s shipments as part of previously announced customer wins.
- Working Capital remains healthy – At December 31, 2017, the Company had a working capital balance improved and amounted to $3,640 thousand, including cash of $3,205 thousand. This compares favorably with the working capital balance of $1,765 thousand, including cash of $1,824 thousand at December 31, 2016.
- On November 9, 2017 BeWhere, Bell Canada 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
BeWhere Announces Changes to the Board of Directors
Toronto, Ontario – April 20th, 2018 – BeWhere Holdings Inc. (TSXV-BEW) (the “Corporation”) announces the appointment of Joanne De Laurentiis to BeWhere’s board of directors. Retired in 2016 as President and CEO of the Investment Funds Institute (IFIC), Joanne De Laurentiis was also CEO of Credit Union Central of Canada, Mondex Canada and Interac. Before moving into executive leadership roles, she served as Vice-President, Public Affairs for the Canadian Bankers Association and was chief of staff to a Minister in the Ontario Government. She has served on many business and not-for-profit boards including IFIC, Interac, Mondex, Cumis Insurance, Credential Financial, AgriFinance, Ethical Funds, Concentra Financial, the Ontario Lottery & and Gaming Corporation, the Toronto Board of Trade and St. Stephen’s Community House.
BeWhere Holdings Inc. Announces Appointment of Permanent Chief Financial Officer and Secretary and Provides Update on Mobile World Congress 2018
Toronto, Ontario (FSCwire) – BeWhere Holdings Inc. (TSXV-BEW) (“BeWhere” or the “company”) announces that Mr. Rajiv Khanna has been appointed as the company’s permanent Chief Financial Officer and Secretary superseding Mr. Mark Kohler who graciously held the office on an Interim basis as the company secured a full-time permanent candidate.
BeWhere and NuRAN (Nutaq) Join Forces to Present an IoT Demo at Mobile World Congress 2018
Toronto, ON, Canada, February 14th, 2018 – BeWhere Holdings Inc. (TSX-V: BEW, OTCQB: BEWFF) and Nutaq Innovations, a wholly owned subsidiary of NuRAN Wireless Inc. (CSE: NUR) (OTC: NRRWF), are pleased to announce a joint demonstration leveraging the Nutaq LTE-M standalone network to enable BeWhere’s LTE-M devices to be showcased at Mobile World Congress 2018 beginning on February 26th.
BeWhere Holdings Inc. Announces PTCRB Certification and The Commercial Launch in North America of the First of its Kind Mobile IoT Devices for Asset Tracking and Environmental Sensing using LTE-M
Toronto, ON, December 19, 2017 – BeWhere Holdings Inc. (TSX-V: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”) today announces it has received PTCRB industry certification for its Mobile IoT beacons, paving the way for the commercial launch of these cellular devices in North America. BeWhere’s M-IoT beacons are small rugged devices, either solar or battery powered, that attach to non-powered mobile or fixed assets. The devices then transfer location and sensor data through Low Power Wide Area (“LPWA”) cellular networks to BeWhere’s secure cloud platform. BeWhere’s state-of-the-art sensors gather and deliver the environmental and situational information that gives visibility into the near real-time status of assets/equipment. Protected by industrially-hardened packaging, they measure location, light, battery, temperature, impact, barometric pressure and humidity from both the environment and the asset itself. BeWhere’s innovative and flexible design allows sensors to be customized to fit customers’ specific needs such as flood detection. BeWhere M-IoT beacons are the first of their kind cellular devices using LTE-M in North America and will be offered at a cost point never seen before, opening a large untapped market.
BeWhere Holdings Inc. to Present at the 10th Annual LD Micro Main Event
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.
BeWhere Holdings Inc. Reports 3rd Quarter Financial Results Hit Record Revenue Level – 804% Year-over-Year Nine Month Growth
Highlights
- 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.
