Category: M-IoT

BeWhere Holdings Inc. Reports 3rd Quarter Financial Results Hit Record Revenue Level – 804% Year-over-Year Nine Month Growth

Toronto, Ontario (FSCwire) – (TSX-V: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”)

BeWhere, is pleased to announce today its financial results for the third quarter ended September 30, 2017, and with the following highlights:

Highlights

  • Revenues increased by over 804% year-over-year for the nine-month period, 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 to $1.18 million, an increase of $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 of Pelham Family Estate Winery in Pelham, Ontario showcasing BeWhere’s disruptive technology for environmental monitoring.

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Bell, Huawei and BeWhere bring new Internet of Things solution to Ontario winery

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.

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Bell, Huawei et BeWhere mettent au point une nouvelle solution IdO pour un vignoble ontarien

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

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