G8 is a wireless device manufacturer operating in the Internet of Things (IoT) industry and specialises in machine to machine (M2M) connectivity.
Economizer Pro will use G8’s devices in its new generation of electronic monitors, which help to maximize the efficiency of HVAC (heating, ventilation and air conditioning) equipment.
G8’s devices will be used to collect data via electronic monitors in heating and cooling systems in restaurants, grocery stores, and medical facilities throughout the U.S. and Canada.
In addition to the hardware, Economizer Pro’s order of the G8 cloud based management product will be the first recurring revenue line for the company.
G8’s initial rollout to Economizer Pro will begin later this month, with integration into thousands of locations anticipated during 2017.
The associated recurring monthly data management fees are expected to commence and grow in line with the proposed rollout.
G8 provides hardware solutions for some of the world’s largest companies including Coca Cola (NYSE:KO), Verizon (NYSE:VZ) and AT&T (NYSE:T).
Economizer Pro represents another unanticipated vertical from which the company will derive revenue and illustrates the broad scale and application of its technology.