Connected IO executes deal with major US telco

Company News

by Rachael Jones

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. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.