SpotLite360 IOT Solutions (CSE:LITE) Inc president James Greenwall called the company’s third quarter “exciting” as the logistics technologies solutions provider advances its corporate development.
"We have had an exciting Q3 2021 and are very much looking forward to what is in store for next quarter as we seek to build upon our developments to date," Greenwall said in a statement in which the company highlighted its milestones for the quarter. “With software licenses and integrations in the works, as well as our first reseller relationship with a leading biosciences firm in Aurora, (Colorado), I believe we have come a long way in launching the SpotLite360 Technologies.”
He added: “Other initiatives currently underway include team-building for our Denver office, in addition to exploring acquisition opportunities to enhance the SpotLite360 Technologies and the value it can provide to clients as well as their partners, vendors, service suppliers, and end consumers.”
READ: SpotLite360 IOT Solutions strikes a reseller agreement with Apollo Science for its SaaS platform
In its 3Q corporate update, the company said supply chains around the globe continue to evolve in ways that can benefit from the blockchain and Internet-of-Things (IoT) solutions that it provides.
The company also said it is strategically positioning itself to align with some of the world’s largest and most complex industries with respect to their business objectives, needs of the end consumer, and regulatory compliance.
Quarterly highlights include:
- Renamed to SpotLite360 IOT Solutions (CSE:LITE) from SpotLite360 Solutions Inc. to better reflect the vision of the company’s management for SpotLite360 Technologies as an innovative solution for global supply chains leveraging the capabilities of IoT integrations.
- Shares began trading on the Canadian Securities Exchange.
- Began initiatives focused on select industries for launching the SpotLite360 software-as-a-service (SaaS) solution.
- Throughout July and August, announced initiatives for launching its technology to accounts in the pharmaceutical, healthcare, cannabis, and agriculture industries to help fight counterfeit goods.
- Landed two license agreements with a hemp manufacturer Apollo Sciences in Aurora, Colorado that has more than 200 contract farmers as well as Denver-based Peak Dispensary, a well-known tourist attraction that is currently planning a multi-state expansion. Apollo Sciences also became a reseller of the company’s solution.
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