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Melbourne, Australia: Commercialised IoT company, Freestyle Technology has announced the official launch of thier R&D IoT Innovation Centre in Melbourne and committed to creating 150 high-skilled tech jobs in Australia.
Freestyle Technology operates in the global M2M market, connecting devices in the fast growing world that is the Internet of Things. It specialises in applying IoT innovation to water, gas and electricity utilities and is one of Australia's leading technoloy innovators in the IoT industry.
The R&D IoT Innovation Centre will drive Freestyle Techniology's aggressive growth targets in the APAC market. Freestyle estimate taht by 2018, they will be bringing in $250-$300 million in foreign sourced income back into the country.
Mohan Jesudason, CEO of Freestyle Technology said the Internet of Things is set to change our lives and he's thrilled to lead an Australian comapny as they take their technology tot he world.
"The Internet of Things is set to revolutionise our lives with more devices today communicating over the net than there are people on the planet. We are expecting taht by 2020 there will be more than 50b devices connected to the internet, disrupting traditiopnal business models and enhancing our everyday laives," said Mohan.
"Freestyle Technology shows what Australians can achieve on the world stage. With operations now in Australia, China, Taiwan and South Korea and soon to expand further into Asian and European markets, Freestyle is set to become a serious player in the global IoT market."
While Freestyle Technology deploys its technology in Asia and Europe, the hardware and software engineering teams are based in Melbourne and they're committed to ensuring local high-level tech jobs stay in Australia.
"With its highly-skilled multi-cultural people resources, Victoria is the hub of our global ambitions. To date, we have invested more than $45m in developing our innovative IoT solutions and custoemr base in Asia. We project adding more than 150 high-tech jobs and generating exports in excess of $200 million in the next few years," said Mohan.
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