Pareteum Global Cloud Wins IOT Evolution’s 2017 IoT Excellence Award
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NEW YORK, NEW YORK, March 5, 2018 – Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, announced today that it has been awarded the IoT Evolution’s 2017 IoT Excellence Award from TMC and Crossfire Media, a global integrated media company recognized as the voice of the industry.
The 2017 IoT Evolution IoT Excellence Award honors innovative products that support the availability of information being deduced, inferred and directly gathered from sensors, systems and anything else that is supporting better business and personal decisions. The mission of Pareteum’s Cloud Communications Platform is that every person and every thing should be connected and provides a new, singular industry solution that delivers relevant information to any device, any network, anywhere.
“It is my pleasure to recognize Pareteum’s Unified Cloud Mobility Solution with an IoT Excellence Award for its excellence in innovation,” said Carl Ford, CEO & Community Developer, Crossfire Media. “As a leader in this rapidly evolving industry, I look forward to seeing Pareteum’s future successes.”
Hal Turner, Executive Chairman and Principal Executive Officer at Pareteum, said “This noteworthy IoT Evolution 2017 IoT Excellence Award signifies our constant innovative spirit and growth of new software, networking, and technological advances at Pareteum, particularly in our Global Cloud Services Platform (GCSP). Pareteum’s capabilities to provide useful and informative insights to the vast amounts of data that traverses our Global Cloud Services Platform (GCSP) are key value drivers for our customers. As we couple our services with trustful transactions and Blockchain secured payment systems enablement, and with our powerful multifactor identity management solutions, our customers benefit exponentially in their key areas of interest: sales growth and expense management. The IoT has a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025, according to McKinsey. Pareteum is well positioned to capture increasing portions of this vibrant market “
“We are pleased to be recognized for this award. What is really exciting to us is the fact we have been able to take technological developments around mobile services and extend that to the evolving needs of the Internet of Things. Our Global Cloud Services Platform truly provides a single source for management of all wireless devices,” stated Vic Bozzo, Chief Executive Officer of Pareteum.
Awards from TMC are regarded among the most prestigious and respected honors in the communications and technology sector worldwide. Winners represent prominent players in the market who consistently demonstrate the advancement of technologies. Each recipient is a verifiable leader in the marketplace. TMC has been honoring technology companies with awards in various categories for more than 20 years.
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