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Thorigne, France, June 1, 2017: CET-Kerlink, a specialist and global leader in network solutions dedicated to the Internet of Things (IoT), said today proceeds from its recent stock offering – the second one in less than a year – will help accelerate the company’s expansion in the U.S. and Asia.
Kerlink is a fast-growing company and founding board member of the LoRa AllianceTM. Its suite of IoT equipment, software and services is helping to fuel the rapid global adoption of LoRaWANTM technology, which enables the cost-savings and energy-efficiency features required for connecting billions of devices to the IoT. Kerlink helps its customers in Europe and Asia design, plan, install and manage IoT networks for the full range of smart Internet of Things applications, such as fleet management, asset tracking, safety & security, parking, lighting, air-quality monitoring and water-and-electricity metering.
Since 2013, the company’s compound average annual growth rate has exceeded 50 percent. Revenue grew more than 90 percent in fiscal 2016 compared to the previous year. Based on this market response, Kerlink is accelerating its expansion into Asia and North America, supported by its subsidiaries based in Singapore and Chicago.
Less than a year after its initial public offering in May 2016 that raised $11.4 million, the company launched a second offering on April 21, which was oversubscribed. The company announced on May 12 that the offer raised an additional $22.9 million.
William Gouesbet, co-founder and Chairman/Chief Executive Officer of Kerlink, said the success of the recent stock issue highlights investor confidence in the company’s growth strategy and its combination of network hardware, software and professional services. The company targets on the one hand large telecom operators that want to complement their broadband services with a dedicated cost-efficient, energy-saving and narrowband IoT network, and on the other hand smart cities or individual companies that want to deploy and operate their own IoT networks for smart value-added applications.
“Kerlink’s success in the stock market stems from the growing demand for our comprehensive Internet of Things solutions, which address a broad and deep market sector,” Gouesbet said. “With more than 70 projects underway worldwide, the take-off of our market is confirmed and opportunities must be rapidly seized.”
“U.S. companies and smart cities are sophisticated evaluators of available IoT network offerings,” said Yannick Delibie, Kerlink’s co-founder, Chief Technology & Innovation Officer and President of Kerlink Inc., the U.S. subsidiary. “They want future-proof, reliable and scalable turnkey solutions that enable rapid roll out and simple operation of their IoT networks, and Kerlink has proven in Europe and Asia that we can readily meet that demand.”
Kerlink, which is a Platinum Sponsor for LoRa Alliance All Members Meeting and Open House event in Philadelphia, June 12-15, sees the U.S. as a strong market for its comprehensive turnkey IoT solutions.
About Kerlink
Kerlink specialises in network solutions for the Internet of Things (IoT). Its mission is to provide its clients – telecom carriers, businesses and public authorities – with network solutions (equipment, software and services) dedicated to the Internet of Things. Over the past three years, Kerlink has invested more than €8 million in R&D. In just over 10 years, more than 70,000 Kerlink installations have already been rolled out for more than 260 clients, including GrDF, Suez, Saur and Médiamétrie. In 2016, Kerlink generated revenues of €14.1 million, 25% of which internationally. Since 2013, it has posted average annual growth of more than 50%. Kerlink has been listed on Alternext Paris since May 2016.
For more information, visit www.kerlink.com or follow us on Twitter @kerlink_news
About LoRaWAN
The technology utilized in a LoRaWAN™ network is designed to connect low-cost, battery-operated sensors over long distances in harsh environments that were previously too challenging or cost prohibitive to connect. With its unique penetration capability, a LoRaWAN™ gateway deployed on a building or tower can connect to sensors more than 10 miles away or to water meters deployed underground or in basements. The LoRaWAN™ protocol offers unique and unequalled benefits in terms of bi-directionality, security, mobility and accurate localization that are not addressed by other LPWAN technologies. These benefits will enable the diverse use cases and business models that will enable deployments of large-scale LPWAN IoT networks globally.
About the LoRa Alliance
The LoRa Alliance™ is an open, non-profit association that has grown to more than 400 members since its inception in March 2015, becoming one of the largest and fastest growing alliances in the technology sector. Its members are closely collaborating and sharing their experience to promote the LoRaWAN™ protocol as the leading open global standard for secure, carrier-grade IoT LPWA connectivity.
With the technical flexibility to address multiple IoT applications, both static and mobile, and a certification program to guarantee interoperability, the LoRaWAN™ is already being deployed globally by major mobile network operators and is anticipated to widely expand in 2017.