Artificial Intelligence
Letter to Shareholders
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NEW YORK,, May 10, 2023 (GLOBE NEWSWIRE) — To our Shareholders
We are excited to provide an annual update for the Company, as much has happened since our merger with Tekumo LLC last June. As we outlined in our first letter, it was time to switch from being an IT Service company to our real “soul” of being a software company, to address the growing needs of a networked world and smart connected devices.
This decision to switch business models wasn’t taken lightly, as the management team knew in doing so, we would have to say goodbye to some prior long-standing contracts, that revenue would dip, and questions from outsiders would arise. However, the vision is still there, and the target is way too big to forget.
To that end, we have completed the development of our Service Delivery Platform to manage technical resources for installation and support, as well as monitoring and maintaining our customers’ connected devices.
We are also pleased to announce anchor customers in four areas:
- IT and Retail Services: The rise in adoption of automation & digitization in the field services industry, and the manual methods that hamper managed service providers today, has led to an industry leader adopting Tekumo as its OnDemand field workforce solution. We have also added partners in digital signage with OnPremise, and the rollout of smart technology across automotive dealerships, and two prominent Quick Service Restaurant chains.
- Smart Apartments: Smart apartments offer property managers more control, more insight and better ROI through smart locks, access control, smart thermostats, water loss prevention and energy conservation. We have contracts to install several thousand units across the country with a leading Smart Home provider beginning in Q2.
- Smart Buildings: Water and energy conservation play a critically important role in managing operating budgets for facility managers. Tekumo offers a comprehensive IoT platform that that allows managers to view and manage all their IoT technology needs in a single view. We have recently completed our first site surveys on properties in Miami and New York.
- Hospitality: Regulations to protect employees and guests in hotels are changing rapidly. We have been engaged to install panic buttons and other wireless technologies in leading hotel groups.
Our value proposition is simple – “Service delivered, with lower cost, more revenue, less effort – Just Smarter.” For Managed Service providers, we extend their network of service technicians, while lowering costs with less effort. For OEM’s, we increase revenue by providing a national installation network, while monitoring and maintaining their devices 24/7. For asset and facility managers we give visibility to all their assets, while providing an installation and maintenance network. For Smart Home providers, we have you covered.
Like the meaning of our name in Japanese, we are the next generation “Tech Cloud” that manages the work needed to deliver on the Internet of Things.
Our History
We started Tekumo after acquiring all the assets of Sequenza Inc. in January 2020. Sequenza dates back to 2013 as a managed service provider for IT and telecommunication services having completed projects for such companies as Target, Home Depot, McDonalds, US Bank, 7Eleven, and AT&T.
Many of the team have a shared background from one of the leading technician marketplaces, Field Nation. After a successful corporate exit, we realized collectively that providing a platform that could manage the whole service delivery process, rather than just self-sourcing a technician, was a much bigger problem for product and service companies. Our TekumoPRO service platform was developed over the last couple of years and has successfully delivered over 30,000 work orders and growing.
At the same time, the explosion of connected devices and the digital transformation brought about by the Internet of Things (IoT) revealed a larger gap in the market – how do you install, monitor and manage all those devices. This led to the evolution of our System Monitoring And Reporting Technology, TekumoSMART. We rolled out this extension to our platform in Q1.
The next chapter in our corporate history is dawning with the change in our name and symbol to Tekumo Inc., TKMO. We have received first comments from FINRA and continue to expect approval shortly.
Opportunity
We play at the intersection of two rapidly growing marketplaces. The Field Service management market is projected to reach $29.9 billion by 2031, growing at a CAGR of 19.2% (Allied Market Research), and the much broader “Internet of Things” (IoT) that spans manufacturing, housing, retail, energy, and healthcare represents a multi trillion-dollar opportunity.
The Internet of Things “uses a variety of technologies to connect the digital and physical worlds. Physical objects are embedded with sensors—which can monitor things like temperature or motion, or really any change in an environment. The sensors communicate via wired or wireless networks with computing systems that can monitor or manage the health and actions of connected objects and machines” (McKinsey & Company). Tekumo is at the heart of that change.
Our Foundation
We have added to our key “people” factor. Graham King has assumed the role of Chief Operating Officer and brings over four decades of leadership in the services industry, having held C level positions in service companies Tech Data, Avnet, and StorageTek. Adding to our
Industrial and Commercial risk management expertise, Jarret Shearin brings 20 years of commercial insurance and risk mitigation experience.
Together with our CEO – Strings Kozisek, President & CFO – Phillip Dignan, CSO – Chris Nichols, and Chief Software Architect – Jacob Beasley we have a strength of shared vision and shared history. Our previous business ventures in software, managed services, organic material manufacturing, retail and automotive verticals have demonstrated our ability to drive significant revenue and launch new products.
The Next Phase
Tekumo now offers a “whole solution” in that it enables the installation, monitoring and management of connected devices across a diverse set of industries.
Our product suite will continue to expand, and we are excited to incorporate Artificial Intelligence (AI) into our service offering, as well as developing our data and visualization tools further through TekumoIQ.
As stated previously, being a public company is a key element in our growth strategy, as it provides us with greater access to capital to launch our full product offering, enhance our ability to attract additional management talent, and allow us to use our public equity to execute an acquisition strategy. The current Reg A offering provides initial capital of up to $1 million in capital.
Summary
We have accomplished a great deal in the 10 months since our Merger, and recognize that despite the challenges of an early-stage company, the opportunities before us are very exciting. If you are an investor, we are happy you are with us. If you are a customer, we are working hard to provide you with the absolute best. If you are new to us, sit back and watch us grow.
Sincerely,
Strings, Phillip and Chris
Founders
For more details related to the Company, please see the Company’s Current Disclosure filed with OTC Markets on May 9, 2023.
Safe Harbor:
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the Company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Colorado Springs, CO
Timothy Simpson, Investor Relations
719-900-4535
Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence
Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’
– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.
The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence
IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.
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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Related Reports:
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
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