Constellation Technologies Ltd
Constellation Technologies secures its first contract in China
Internet of Things company Constellation Technologies (ASX: CT1) has announced its first-ever customer contract in China, courtesy of its local subsidiary, with the company’s board declaring it was “encouraged by a strong pipeline of potential contracts” in the world’s most populous country. In a statement to the market, Constellation unveiled a new contract with Beijing BHZQ Environmental […]
CCP Technologies secures funding from existing shareholders for new IoT operations in China
Melbourne-based CCP Technologies (ASX: CT1) has inked a set of strategic agreements with three of its existing shareholders to help fund and grow its Internet of Things (IoT) technology in China. The company secured the agreements following a $3.4 million capital raising in October, which was partially underwritten by the same shareholders. The agreements will […]
CCP Technologies’ smart IoT sensors expand into several industries
Internet of Things (IoT) solutions company CCP Technologies (ASX: CT1) has published an operations update indicating a growing a number of applications within different industries for its revolutionary tracking technology. CCP currently manufacturers smart sensors that are placed in temperature-controlled environments which push data to a cloud-based software platform. Relevant data is then collated and sorted […]
CCP Technologies achieves $1.5m reduction in operational spend
CCP Technologies (ASX: CT1) has marked a significant reduction in its operating expenditure to the tune of $1.5 million and expects to break even in the second-half of 2019. The Internet of Things (IoT) technology solution provider expects to reach a monthly cash burn of $50,000 over the next quarter, down from $150,000 thanks to […]