15:50 19 April 2017
An Australian Internet of Things startup has signed a $5.8 million contract in South Korea following a grueling two-year selection process. The Melbourne-based company, which beat several Korean suppliers, is to roll out an IoT water management solution involving an end-to-end system of smart water meters, communications equipment and cloud-based software. The five-year deal will benefit 24,000 residences in the municipality of Gochang in the southwest of Korea. The Freestyle water management platform will be the “first full-scale deployment” of its kind.
Freestyle chief executive Mohan Jesudason said: “It is a major achievement for an early stage Australian technology company to be punching well above its weight in highly advanced and competitive markets,”
Freestyle, which has a branch in South Korea, also has three IoT water management trials running with other councils in the country.
The company added: “Customer service transforms to customer care where, for example, an alert is raised at the municipality if water consumption stops for the elderly living alone. The municipality responds with a customer visit,”