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Bsquare DataV Enters 2017 with Strong Momentum
- DataV is now fully deployed and operationalized at its launch customer, a Fortune 500 transportation concern with global operations. In a deployment initially valued at
$4.3 million, DataV is providing this customer with the ability to more rapidly and accurately diagnose and repair faults using historical and real-time data streaming from assets in operation. Bsquareanticipates expansion into other global brands operated by this customer in 2017.
- During the fourth quarter, DataV secured a major new win in the smart vending space with a global provider of candy, food, and beverages. The initial deployment is in
the Netherlands, Italyand Austria, with expansion into 5-7 additional markets anticipated in 2017.
- As announced earlier in the fourth quarter, Bsquare DataV was selected by a global provider of smart energy meters. This deployment, valued at
$1.9 millionin the first year with a $2.8 millionoptional 4-year extension, treats software applications as "things" that can be dynamically downloaded to tens of millions of meters. Bsquarewas recently granted "IoT Competency" status by Amazon Web Services (AWS). This status, given to a small subset of AWS Partner Network (APN) members, recognizes the innovative work Bsquarehas performed using DataV in conjunction with AWS IoT in live deployments.
- During 2016,
Bsquarewon multiple awards, both for DataV and for tech culture, that highlight the innovative nature of DataV and the unique work environment at Bsquare.
Bsquare DataV is a software solution built specifically to address key industrial IoT use cases. These use cases include predictive failure, adaptive diagnostics, IoT device management, condition-based maintenance, asset optimization and asset utilization. With a hybrid IoT platform, DataV is able to operate within the customer's own data centers, with cloud infrastructure-as-a-service (IaaS) offerings, or in conjunction with IoT platform services offered by AWS and Microsoft Azure.
For more than two decades,
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe-harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "expect," "believe," "plan," "strategy," "future," "may," "should," "will," and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding sales momentum, growth in our business with existing customers, and expansion into new geographical and product markets. Forward-looking statements are neither historical facts nor assurances about future performance. Instead, they are based on current beliefs, expectations and assumptions about the future of our business and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others: our ability to execute our development initiatives and sales and marketing strategies around DataV™, the Internet of Things, and our product and service offerings more generally; the extent to which we are successful in gaining new long-term customers and retaining existing ones; our success in leveraging strategic partnering initiatives with companies such as Amazon Web Services and
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Bsquare contact: John Hieger, Bsquare Blueshirt Group, +1 425.519.5228, email@example.com Media contact: Leslie Johnson, Engage PR, + 1 510.748.8200, Bsquare@engagepr.com Investors contact: Leslie Phillips, The Blueshirt Group, +1 415.217.5869, firstname.lastname@example.org