Tech company Connected IO (ASX:CIO) has executed an agreement with a major US telco to enable direct sales of their product.
Based in Silicon Valley, Connected IO develops wireless products for machine-to-machine (M2M) communications and Internet of Things (IoT) connectivity.
The CIO family of programmable modems and routers are innovative, operator-certified, secure, and affordable, making them the preferred choice of enterprises around the globe.
The company already has a relationship with the US telco. The new relationship enables Connected IO product to be directly marketed in the USA via a sales force of over 3000.
Shares in Connected IO (ASX:CIO) are trading 16 per cent higher at $0.03.