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Thinxtra gets investment to complete IoT rollout in HK

Thinxtra managing director Asia Murray HankinsonAustralia-based IoT network provider Thinxtra has secured a new cornerstone investment to help fulfill its goal of deploying a Hong Kong-wide dedicated IoT network this year.

Thinxtra is deploying networks based on the Sigfox low-power wide area networking (LPWAN) standard in Hong Kong, Australia and New Zealand, and aims to achieve population coverage of 95% in these markets by the end of 2017.

The company has secured an up to A$10 million (HK$61.9 million) investment from the Australian government's Clean Energy Financing Corporation (CEFC) to help meet its ambitions.

Sigfox technology is ideal for low-bandwidth, low power usage devices such as sensors. Thinxtra is partnering with businesses including smart meter providers, logistics companies and others to develop solutions to improve energy efficiency, improve productivity and reduce waste in business, government and the community.

Thinxtra managing director Asia Murray Hankinson said the wireless network dedicated and built from the ground up for IoT will be a game changer for Hong Kong.

“Our low cost, low power, long range IoT network is perfect for deploying simple solutions to make cities smarter, buildings more energy efficient, industry more productive, reduce congestion and improve health outcomes for Hong Kong,” he said.

“Industry, government and community working with us are seeing improved efficiency, gaining deep insights and better service outcomes for their customers. Their supply chain, risk and governance issues they are challenged by are being solved. Sustainable smart cities are crucial to business and the community.”