IQST - iQSTEL Commences 2500 IoT Unit Installation For Fortune 500 Chemical Company
August 06 2021 - 9:07AM
InvestorsHub NewsWire
New York, NY -- August 6, 2021 -- InvestorsHub
NewsWire -- iQSTEL, Inc. (OTCQB:
IQST) today announced initiating installation of 2500 units of
iQSTEL’s proprietary IoTSmartTank devices scheduled this
month. The client is a Fortune 500 Chemical Company.
The 2500-unit installation and recuring maintenance and monitoring
will bring iQSTEL’s Technology Division to breakeven
profitability. The IoTSmartTank engagement with the Fortune
500 Chemical Company currently entails just one of the clients’
facilities giving the engagement substantial potential to
grow. The engagement has been developing and expanding now
for some time and is anticipated to continue growing as it has from
a field earlier test this year:
The first batch of production devices are now ready
to install, and the software platform has been fully customized for the
client.
Mr. Iglesias commented: “Our Technology Division is
doing a fantastic work. They are currently working on 3 projects at
the time - IoTSmartTank, IoTSmartGas, and IoTSmartEV and
Heads-Up Display. All three products are close to production
ready. Our CTO of the Technology Division, Jonathan Bunt, is
personally coordinating all of these multi country projects, and
meeting or exceeding all customer
expectations.
iQSTEL Inc
(OTCQB: IQST)
(www.iQSTEL.com)
is a US-based publicly-listed company with an Independent
Board of Directors offering leading-edge
Telecommunication, Technology and Fintech Services for Global
Markets, with presence in 15 countries. The company provides
services to the Telecommunications, Electric Vehicle
(EV), Financial Services, Chemical and Liquid Fuel
Distribution Industries. iQSTEL has 5 Business Divisions: Telecom,
Electric Vehicle (EV), Fintech, Technology and
Blockchain, with worldwide B2B and B2C customer relations operating
through its subsidiaries: Etelix, SwissLink, QGlobal SMS,
SMSDirectos, Global Money One, IoT Labs and itsBchain.
The Company has an extensive portfolio of products and services for
its clients: SMS, VoIP, international fiber-optic connectivity for
5G, Cloud-PBX, OmniChannel Marketing, EV Batteries, EV Chargers, EV
Battery Management System, EV IoT Connectivity, Mobile App For EV
Connectivity, EV Dashboard Display, Visa/Mastercard Debit
Card, Cryptocurrency Exchange Services, Money Remittance,
Mobile Top Up, IoT Smart Gas Platform, IoT Smart Tank
Platform, Mobile Number Portability Application MNPA (Blockchain
Platform) and Settlement & Payments Marketplace SPM (Blockchain
Platform).
Safe Harbor
Statement: Statements in this news release may be
"forward-looking statements". Forward-looking statements include,
but are not limited to, statements that express our intentions,
beliefs, expectations, strategies, predictions or any other
statements relating to our future activities or other future events
or conditions. These statements are based on current expectations,
estimates and projections about our business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and are likely to, differ materially from
what is expressed or forecasted in forward-looking statements due
to numerous factors. Any forward-looking statements speak only as
of the date of this news release and iQSTEL Inc. undertakes no
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this news
release.
iQSTEL
Inc.
IR US Phone: 646-740-0907,
IR Email: investors@iqstel.com
Source: iQSTEL Inc. and its
subsidiaries: www.iqstel.com
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Mar 2024 to Apr 2024
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Apr 2023 to Apr 2024
