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LiteLink to Acquire Smart Sensor Technology to Target Untapped Waste Management Industry

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Vlad Poptamas

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LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that it has entered into a definitive agreement (the “Acquisition Agreement”) to acquire market-differentiated Internet of Things (“IoT”) sensor technologies for the waste and container management industry (the “Assets).

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As the global population approaches 8 billion, continued population density and growth inevitably increases the volume of garbage and recycling, putting additional pressure on the waste management industry. Industrial smart bin monitoring is a revolutionary way to drive greater optimization and efficiency for operators. With IoT sensors, all parties know the fill-level of containers,  and can predict pick-up and processing costs which, in turn, improves pick-up scheduling, profitability, and optimization.

LiteLink Technologies Inc., a BC-based SaaS provider of smart monitoring sensors to improve the supply chain, is now offering smart waste/construction/recycling management solutions. By incorporating ultrasonic IoT sensors with the 1SHIFT Logistics platform, LiteLink can provide businesses with a cost-saving and efficiency-driving solution:

“We are very excited about the market-differentiating IoT sensor technology, which will allow us to provide the waste management industry with a much-needed solution,” said LiteLink CEO Ashik Karim“We are confident that anyone that has interest or charges based on how ‘full a bin, container, or space is’ will want this technology. From grain to oil to clothing bins that require pick-ups or attention when they are full or empty, this integrated solution will solve this problem automatically without manual inspection.”

Under the terms of the Acquisition Agreement, LiteLink will purchase all of the Assets from a partnership of individuals called 3030 IoT, including, among other things, sensor technologies, intellectual property rights, equipment, hardware, inventory, customer contracts and prospect lists. Among the Assets is IoT device and software which has already been commercialized, operating with a large bin waste management company in British Columbia.

As consideration for the Assets, LiteLink has paid a $50,000 cash deposit, and has agreed to pay: $60,000 in cash and $140,000 in common shares of LiteLink upon LiteLink completing a subsequent financing, and a maximum royalty payment of $1,200,000, which is only payable upon revenue being derived from the commercialization of the Assets (“Revenue”). LiteLink has also agreed to pay a continued royalty for three years after closing of 15% of Revenue.

The Acquisition Agreement is subject to confidentiality requirements and customary closing conditions, including LiteLink’s satisfactory due diligence review of the Assets, and that the chief engineer & inventor of the Assets will be joining LiteLink on a full-time basis.

The US waste management market is expected to grow steadily to $80.7 billion by 2023, yet the industry is still plagued by overfills leading to manual cleanup and a lack of efficiency in container pick-ups that are half-full or overfilled, driving fines and overhead costs. Moreover, several containers and bins have been connected with deaths during pick-up, which are all potentially avoidable through technology solutions. Meanwhile, the smart waste management market is gaining traction and is expected to grow at a compound annual growth rate of 25.68% to reach $5.19 billion by 2024. With this transaction, LiteLink is one step closer to commercializing a turnkey hardware and software platform for widespread use and adoption.

 

SOURCE LiteLink Technologies Inc.

Artificial Intelligence

Global Penetration Testing Market 2020-2025 – Increased Adoption of Cloud-based Penetration Testing Presents Opportunities

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Dublin, July 10, 2020 (GLOBE NEWSWIRE) — The “Penetration Testing Market by Component (Solutions & Services), Application Area (Network Infrastructure, Web Application, Mobile Application, Cloud, & Social Engineering), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.This market study covers the penetration testing market size across segments. It aims at estimating the market size and the growth potential of this market across segments categorized into components, application areas, verticals, and regions. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.Significant rise in mobile-based business-critical applications require more secure endpoint protection is driving the overall growth of the penetration testing marketThe market growth is driven by various factors, such as the need to secure endpoint protection due to the significant rise in mobile-based business-critical applications and enterprises moving toward implementing security measures due to increased sophistication in cyberattacks.By application area, the mobile application penetration testing segment to grow at the highest CAGR during the forecast periodMobile application penetration testing is basically for mobile-based applications which is done by trying to break into various mobile applications through different vectors. The methodology is a security testing, which is used to analyze security from the inside of a mobile environment. The mobile application penetration testing methodology concentrates on file system, hardware, and network security.The test results can provide an organization with knowledge of the vulnerabilities in the mobile application, loopholes, and attack vectors before delivering an app to the user, thus offering insights on how to mitigate the potential risks of mobile applications and secure the user credentials associated with it. Mobile application users are becoming aware of the different threats and thus the deployment of mobile application penetration testing is rapidly increasing. Therefore, the mobile application penetration segment is expected to grow at the highest CAGR during the forecast period.By deployment mode, the cloud segment to grow at a higher rate during the forecast periodIn the cloud deployment mode, instead of implementing the software solution on the local hardware, businesses subscribe to the solution hosted on a third-party remotely located server. By opting for cloud-based solutions, organizations can avoid costs related to maintenance of infrastructure and technical staff.Cloud-based platforms are beneficial for organizations that have strict budgets for security investments. Small and Medium-sized Enterprises (SMEs) deploy their identity verification solutions on the cloud, as it saves them from investing their capital on security infrastructures. Hence, the cloud deployment segment is expected to grow at a higher CAGR.Asia-Pacific to register the highest growth rate during the forecast periodAsia-Pacific (APAC) has great scope for the growth of the penetration testing market. The penetration testing market in APAC is anticipated to grow significantly, due to increasing government investments in improving security posture, increased sophistication of cyberattacks, and the amalgamation of technologies, such as Artificial Intelligence (AI) and Machine Learning (ML) with penetration testing.The fast expansion of regional enterprises in APAC is another crucial variant contributing to the growth of the penetration testing market. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.Key Topics Covered
1 IntroductionFor more information about this report visit https://www.researchandmarkets.com/r/fm043xResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
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The Global Beauty Drinks Market is expected to grow from USD 1,943.82 Million in 2019 to USD 3,004.65 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.52%

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New York, July 10, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Beauty Drinks Market Research Report by Ingredient, by Type, by Demography – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05913553/?utm_source=GNWClare: clare@reportlinker.com
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Intrusion Detection and Prevention Market to grow at 9% CAGR to hit US $7 billion by 2025– Global Insights on Key Trends, Investments Analysis, Expansion Plans, Leading Players and Future Outlook: Adroit Market Research

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Dallas,Texas, July 10, 2020 (GLOBE NEWSWIRE) — The “Intrusion Detection and Prevention Market by Component (Platform and Services), Type (Wireless-Based, Host-Based, Network-Based, and Network Behavior Analysis), Industry Vertical (BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, and Others), and by Region, Global Forecast, 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.Request a pdf sample at https://www.adroitmarketresearch.com/contacts/request-sample/1542The global intrusion detection and prevention market size is anticipated to reach over USD 7 billion by 2025. It is expected that it will grow at a CAGR of over 9% during the forecast period 2018-2025. The intrusion detection and prevention is the procedure of examining the actions happening on the network and evaluating them for any future incidents or threats. Also, with the capability of automation and artificial intelligence, the intrusion detection, and prevention systems not only detect the prominent threats but they automatically take preventive measures against such threats. Hence, eliminates the need for checking every single security issue by the security administrator.The current and future intrusion detection and prevention market advances are defined to state the attractiveness of the market. Key impacting aspects focus on the intrusion detection and prevention market opportunities during the forecast period. Factors such as the rising number of cyber-attacks and data breaches are also the vital factor boosting the global intrusion detection and prevention market growth. Also, the growing data protection regulations and laws are other factors boosting the demand for intrusion detection and prevention solutions. However, However, the availability of free and open-source solutions are expected to impede market growth. Furthermore, the rising demand for cloud-based solutions and the growing BYOD trend in various organizations are some of the key factors expected to provide major growth opportunistic for the market in forthcoming years.Browse the full report with Table of Contents and List of Figures at https://www.adroitmarketresearch.com/industry-reports/intrusion-detection-and-prevention-marketThe report also highlights various aspects of the global intrusion detection and prevention industry by analyzing the market through value chain analysis. Besides, the Intrusion Detection and Prevention market report covers different qualitative aspects of the intrusion detection and prevention industry in market drivers, key industry opportunities, and restraints. Furthermore, the report proposes a comprehensive valuation of the market competitiveness along with company profiling of residents as well as global vendors.The intrusion detection and prevention market has solid competition among the early established and new players. Also, to capture a competitive advantage over the other industry players many industry players are aiming potential markets by forming collaboration and partnerships, agreements, mergers & acquisitions, acquiring new startups & other companies, and escalating their business presence.Direct purchase the report at https://www.adroitmarketresearch.com/researchreport/purchase/1542In terms of industry vertical, the market is segmented into BFSI, IT & telecom, healthcare, retail, manufacturing, and others. The IT and telecom industry dominated the overall IDP market in 2019 and it is expected to do so throughout the forecast period. The growth of this segment is mainly attributed to the increasing attacks on IT infrastructure. However, the BFSI industry is anticipated to gather the major market growth during the forecast period due to the increasing adoption of smart banking solutions.The Asia-Pacific region is projected to experience the highest growth throughout the forecast period. On the contrary, the North American region dominated the overall market in 2019 and it is expected to maintain its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the stringent regulations and increasing government initiatives to counter cyber-attacks.Are you looking for a DISCOUNT? If yes, then get in touch with us at https://www.adroitmarketresearch.com/contacts/discount/1542The major players of the global intrusion detection and prevention market are Cisco, IBM, Palo Alto Networks, McAfee, Trend Micro Incorporated, Fortinet, FireEye, AT&T Intellectual Property, Darktrace, and Huawei Technologies Co. Moreover, the other potential players in the intrusion detection and prevention market are WatchGuard Technologies, Vectra AI, Armor Defense, Hilstone Networks, and AlertLogic. The recognized companies are coming up with innovative and new Intrusion Detection and Prevention Types. For instance, in April 2019, Trend Micro, a cybersecurity solutions provider partnered with Luxoft Holding, a digital strategy firm. With this partnership both the companies are planning to introduce Intrusion Prevention Systems (IPS) and Intrusion Detection System (IDS) to detect and prevent cyber-attacks on connected cars.Major points from Table of Contents:
Chapter 1    Introduction
Chapter 2    Research Methodology
Chapter 3    Executive Summary
Chapter 4    Market Outlook
Chapter 5    Intrusion Detection and Prevention Market by Component
Chapter 6    Intrusion Detection and Prevention Market by Type
Chapter 7    Intrusion Detection and Prevention Market by Industry Vertical
Chapter 8    Intrusion Detection and Prevention Market by Region
Chapter 9    Competitive Landscape
Chapter 10    Company Profiles
Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html  About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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