SpotLite360 IOT Solutions Inc said it has signed a one-year agreement with Denver, Colorado-based Sewald Hanfling LLC to create and execute business development strategies for the commercialization of SpotLite360’s software as a service (SaaS)-based supply chain solution in the healthcare, pharmaceutical, and cannabis space.
With its extensive base of private sector clients throughout Colorado and elsewhere in the US, the company said it believes that Sewald Hanfling will be a strategic channel partner for Spotlite360 to drive pipeline growth and revenue opportunities.
“Virtually every industry in the world can benefit from improved supply chain visibility and oversight made possible through technologies such as blockchain and Internet of Things (IoT), which are the backbone of the Spotlite360 Technologies (CSE:LITE),” SpotLite360 IOT Solutions president James Greenwell said in a statement.
READ: SpotLite360 IOT Solutions has the tools for a more sustainable and efficient supply chain
“We believe that new paradigms are coming into place as blockchain and IoT lead the way in shaping the digital supply chains of 2021 and beyond, and we are grateful to have Sewald Hanfling on our side as a partner who can assist us in navigating how new regulations are established, in addition to making introductions to potential new accounts through their extensive network and client base,” Greenwell added.
Under its agreement with the company, Sewald Hanfling will be paid a referral commission for introductions of accounts who enter into service contracts for integrations of Spotlite360's technologies.
Spotlite360 recently announced an agreement with one of the longest-established cannabis dispensary operators in Colorado to explore potential integrations of the Spotlite360 technologies into its systems.
Sewald Hanfling is a public affairs company specializing in government lobbying and business development with a primary focus on the state of Colorado.
Spotlite360 added that it intends to explore opportunities to encourage policy changes through Sewald Hanfling’s nationwide network of elected officials, whose supervision of industries such as healthcare, pharmaceutical, and cannabis can provide valuable insights with respect to where solutions such as the Spotlite360 technologies can be the most impactful.
SpotLite360 IOT Solutions Inc, formerly Spotlite360 Technologies, is a SaaS-based, enterprise software company leveraging IoT technologies, blockchain, and machine learning to deliver supply chain solutions, which result in improved tracing, tracking, visibility, efficiency, collaboration and proof of sustainability claims for customers within pharmaceutical, healthcare & agriculture.
Contact Sean at sean@proactiveinvestors.com