LONDON, March 31, 2020 /PRNewswire/ -- ConFlow is pleased
to announce its new focus will be in the lighting sector. This
focus allows a multi-faceted strategy for fast-paced growth and
cost-effective testing for its devices and intellectual property in
international markets.
ConFlow Power has spent the past five months preparing partners
and combining technology to launch a lighting division for
streetlights, servicing both the public and private sector in small
and large-scale projects.
There are now over a dozen live projects in which ConFlow has
been asked to participate or take the lead.
ConFlow has been advancing
its Battery/Ware device and streamlining
the Power as a Service (PaaS) technology to fit
all components into the newly designed streetlights. These have
been constructed in collaboration with its many international
partners.
ConFlow's lighting division allows revenue to flow into the
company while it tests multiple different, and in some cases,
competitive devices in the field.
The alternative power sector is fraught with developmental
blockages and protracted research. Whereas ConFlow has
not been immune to these challenges, it has found an innovative way
to fund this research and development while keeping its focus on
revenue.
All newly developed devices will be housed into the streetlights
and installed in multiple locations around the world under
profitable streetlight contracts as well as pure testing
arrangements. This allows data to accumulate, revenue to flow
and errors and failures to be made in the field, while not
interrupting the constant flow of light from the streetlights. This
consistency is ensured by using multiple options as the primary
source of power alongside a lithium Ion battery pack and the
growing family of ConFlow devices.
This initiative achieves the following factors at the same
time:
- ConFlow Lighting makes revenue from the streetlight
installation
- ConFlow charges for the power top-up using the PaaS device
- ConFlow gathers data from multiple power sources (using
Battery/Ware)
- ConFlow gets in-field data which it will own
- ConFlow targets tender specification status in large scale
developments
- ConFlow adapts and adds new technology as it becomes
available. This includes experimenting with 5G cellular
towers which is proving to be cost-effective and fast to
install
- ConFlow gains a track record for providing a continuous flow of
light via the streetlight. This paves the way for the future of
smart lighting and smart cities
- ConFlow enlists the assistance of all its current geographical
license holders who are participating in this strategy
- ConFlow gets to be the first to install large scale schemes
where the grid is the backup power source
- ConFlow can start to predict its next royalty payment to ILO
holders based on contractual revenue in these innovative
projects.
Edward Fitzpatrick, CEO of ILOCX
and Director of E-Getx, said, "ConFlow is a pure innovator now, not
just because it is combining many devices and technologies to
create innovative products that will lead in smart city
developments, but also in the approach to demanding revenue whist
conducting in-field testing. This is new and very creative,
owning the resulting data is the icing on the top."
He added, "The Company is set for a strong year ahead. Even with
the current market pressures and global shutdowns, ConFlow has
shown resilience and creativity. Where installations have
experienced delays because of the global pandemic of COVID-19,
these are inevitable and the plans will go ahead as soon as travel
restrictions are lifted."
For more information go to www.ConFlowPower.com
Info@Conflowpower.com