GigNet and IotaComm to Collaborate on Internet of Things (IoT) Solutions for the Mexican Caribbean
The planned collaboration will strengthen GigNet's digital infrastructure and market leadership in the Cancun region with IotaComm's advanced LoRaWAN® IoT technology to improve hospitality operations
GigNet today announced a planned partnership to deliver Internet of Things (IoT) solutions for the hospitality industry in the Mexican Caribbean in collaboration with IotaComm, a U.S. provider of wireless IoT technology and services. GigNet and IotaComm are in the process of rolling out initial pilot projects with select GigNet customers, with the goal of co-developing a full suite of IoT services for hotels, resorts, businesses, smart homes and smart communities in the Cancun region.
IoT covers a wide range of connected devices and sensors that provide real-time monitoring and control. Analysts estimate that by 2030 there could be more than 75 billion securely connected IoT devices worldwide, enabling a variety of commercial, industrial, medical, smart home and smart city applications. The global IoT market is projected to grow from $380 billion in 2023 to more than $1.5 trillion by the end of the decade, a compound annual growth rate (CAGR) of nearly 20%.
GigNet operates more than 450 kilometers of fiber optic network assets in the Mexican Caribbean, serving more than 470 business customers and nearly 6,000 residential customers in a growing number of new residential communities under development. GigNet continues to expand rapidly, including more than 50 new business customer contracts, renewals and upgrades signed in the first quarter of 2024, representing more than $2 million in new contract value. GigNet's advanced fiber optic network and service delivery platform allow customers to deploy cloud-based technologies that require secure, high-speed connectivity. For GigNet, IoT will help its hospitality customers increase their return on investment (ROI) while improving the guest experience.
IotaComm delivers high-impact IoT solutions that drive data-based results for smart spaces, smart territories and smart infrastructure. Improving the guest experience, reducing energy consumption and costs, and increasing operational efficiency amid rising material costs and staff shortages are major challenges for the hospitality industry. IotaComm's Delphi360™ application enablement platform, combined with LoRaWAN wireless connectivity and advanced analytics services, solves these challenges to deliver transformative experiences for both guests and hotels.
GigNet and IotaComm will deploy IoT applications for a wide variety of business customers and residential developers, with an initial focus on the hospitality market. For hotels and resorts, IoT solutions can be a highly cost-effective way to monitor and improve in-room comfort and air quality, food safety (such as proper temperatures and freshness), room and common-area security, staff safety, excessive water and electricity use, and other operating cost savings made possible by real-time monitoring and analytics.
The companies will also collaborate through their respective community impact initiatives, which leverage reliable, high-value connectivity solutions to drive technology adoption, innovation, job growth and education in the communities where they operate. GigNet's "Silicon Maya" initiative fosters economic growth through expanded access to high-speed broadband and digital services across all income levels in the Mexican Caribbean, while the IotaCommUnity™ initiative promotes the adoption of advanced technology to positively impact communities in health, safety and education through its Center for Sustainable Innovation.
Chris Spinnler, Vice President of Business Development at GigNet Mexico, said: "We are continuously expanding our range of enhanced services to meet customer demand for the best technologies, made possible by our investment in the fastest and most secure network in the Mexican Caribbean. We are excited to work with IotaComm to bring world-class IoT solutions to the Cancun region, an important step for GigNet in partnering with our customers to make their businesses more competitive, productive and profitable."
"We are thrilled to embark on this collaboration with GigNet, as it marks the launch of our international growth strategy alongside our expansion into the hospitality market," said Terrence DeFranco, President and CEO of IotaComm and CEO of the Center for Sustainable Innovation (CSI). "IotaComm's strategy, which combines ubiquitous, low-cost connectivity, data-driven insights and superior customer service, is a natural complement to GigNet's broadband services and leadership." DeFranco added: "We believe this is the perfect partnership, where together we can bring excellent solutions to market and do so in line with our core values and shared sense of purpose."
About IotaComm
Iota Communications, Inc. (IotaComm™) is a wireless communications and data analytics company that provides Internet of Things (IoT) solutions enabling health, safety and sustainability initiatives. For more information about Iota Communications, Inc., visit iotacommunications.com
About the Center for Sustainable Innovation
The Center for Sustainable Innovation (CSI) is a public benefit joint venture between IotaComm and FINTECH.TV. For more information about CSI, visit iotacommunity-csi.com
About GigNet
GigNet is the Mexican Caribbean brand of GigNet, Inc., a U.S.-based international Digital Transformation company specializing in fiber optic service solutions and Fiber-to-the-Home (FTTH) technology. These solutions serve business customers including hotels, resorts, retailers, offices, transportation companies, government services, and medical and educational facilities. It also provides fiber optic network services to carriers in the region. Through its Mexican operating subsidiaries, GigNet, S.A. de C.V. and Sanalto Redes Peninsular, S.A.P.I. de C.V., the company is a fully licensed telecommunications provider in Mexico.
GigNet is actively expanding its customer base with its extensive regional broadband network of more than 400 km (250 miles) in the Mexican Caribbean, one of the fastest-growing tourism and residential development areas in the world, with more than 30 million annual airport passengers in 2023. GigNet is a leader in the Digital Transformation of the region.
Contact: For sales in Mexico: www.GigNet.mx Contact: Luis De Potestad, Vice President of Public Affairs and Special Projects. Tel: +52 55 5100 5027 lpotestad@gignetmexico.com
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