SkyFidelity, Inc. (OTC Pink: SRMX) is engaged as a developer of Internet of Things (IoT) technologies. The company has created a 4G/LTE Gateway Hub that is capable of providing consumers access to the internet directly from a SIM-based 4G/LTE Super Router, SkiQ. Shares of the IoT technology developer are sky-rocketing 305.26%, through afternoon trading on Wednesday, January 17, 2018. Over the past month, SkyFidelity, Inc. has seen average daily volume of 43.07 million shares. However, volume of 435.19 million shares or dollar volume of $3.35 million, have already exchanged hands on the day.
Shares of SkyFidelity, Inc. are soaring today, after the company announced that it has entered into a product development agreement with AT&T, Inc. (NYSE: T), which will focus on creating a first-of-its-kind Internet of Things (IoT) SIM card that would be compatible with the 4G/LTE Gateway Hub. The deal shows that AT&T is actively seeking to expand its IoT capabilities and offerings. The company has been working with a certified AT&T module developer, Westron NeWeb Corporation, in order to develop IoT applications for 4G/LTE internet connectivity. SkyFidelity, Inc. expected to receive a delivery of 1,000 IoT SIM modules from Westron NeWeb by the end of January 2018. From there, SkyFidelity, Inc. will use the supplied modules to create the first 1,000 SkiQ Routers. Here is the full press release detailing of the product development agreement:
NEWPORT BEACH, Calif., Jan. 17, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE– SkyFidelity, Inc./Tricascade, Inc. (OTC Pink:SRMX) SkyFidelity, Inc.’s subsidiary, TriCascade, Inc., an Internet of Things (IoT) technology company has entered into a product development deal with AT&T to develop the first of its kind IoT SIM card that will used in the TriCascade’s 4G/LTE Gateway Hub known as the SkiQ Super Router.
Building upon the AT&T’s commitment to moving forward with IoT solutions for broadband applications including WiFi routers and the “Smart Home,” TriCascade has been working with AT&T certified module developer, Westron NeWeb Corporation (WNC) to create an IoT module specifically designed for 4G LTE internet connectivity.
TriCascade expects to take delivery of One Thousand IoT SIM modules from Westron NeWeb Corporation (WNC) in January 2018 and will use these modules in the development of the first One Thousand SKiQ Routers.
The WNC IoT module delivery will provide TriCascade with the foundational technology for its SKiQ Super Router device and strongly positions TriCascade as a device and module partner supporting AT&T’s 4G/5G LTE ecosystem deployments.
TriCascade demonstrated the SKiQ to the public as well as to several potential customers at the CES show last week in Las Vegas, Nevada. The SKiQ device as well as the other SmartHome devices demonstrated at the show including the Smart Thermostat/Smart Outlet/Smart Light Switch were well received and the company expects to obtain sales orders based upon this event.
4G and 5G LTE Routers are essential to Telecom carriers’ cellular IoT strategies. The creation of SKiQ- an LTE Smart Home Eco-System Hub in collaboration with AT&T- will significantly enhance TriCascade’s position in the deployment of all future Smart Home devices.
The Consumer Electronics Show (abbreviated as CES) is the world’s most popular trade fair for the consumer electronics. It is a meeting point for the sector’s top experts who present their newest and most innovative inventions and products. Since its first edition in 1967, CES has been shaped as an event which guides the electronics industry trends and the everyday use of hi-tech devices. Thousands of journalists, internet publishers and media representatives will attend the Consumer Electronics Show 2018 in Las Vegas. This cements the status of the event and ensures that a well-presented business will be a global triumph.
SkyFidelity, Inc.’s subsidiary, TriCascade, Inc., an Internet of Things (IoT) technology company has created a 4G/LTE Gateway Hub that provides consumers with the ability to access the internet directly from a SIM-based 4G/LTE Super Router called the SkiQ. The Company has designed this innovative communication device that will disrupt the traditional communications hardware industry, making routers, modems, satellite dishes, set top boxes and media boxes obsolete. By taking advantage of the ability to connect simultaneously from both a fiber/cable internet connection as well as 4G/LTE, the Gateway Hub will replace the need for satellite internet (Hughes Net), Cable Internet (COX, Time Warner, Comcast) and ADSL Internet at a fraction of the cost, while supporting future expansion of 5G networks.