- Constellation Technologies (CT1) has inked an agreement with Fujitsu Australia for the supply of internet of things hardware and software development
- The companies say they will work together to design internet of things solutions such as sensors software builds and integrations
- CT1 has secured its first order for an initial quantity of “smart sensor drains”
- Constellation says the purchase order is not “financially material” but anticipates the agreement may lead to material orders in the future
- Constellation Technologies shares closed today’s session up 23.1 per cent at 1.6 cents
Constellation Technologies (CT1) has inked an agreement with Fujitsu Australia for the supply of internet of things hardware and software development.
The master services agreement is for a minimum of three years, where the companies are set to work together to design internet of things solutions including sensors, software builds and integrations.
Constellation said each solution it delivered would be via its internet of things platform, the licenses of which would be sold directly to end clients and subcontracted to Fujitsu for development services.
Its first purchase order is for an initial quantity of “smart drain sensors” — sensors that are deployed remotely to detect blockages — for an asset management group in Australia.
Constellation said the purchase order was not “financially material” but the company anticipated the agreement could lead to material orders in the future.
CT1 Chief Executive Officer Kartheek Munigoti said being admitted as a supplier to Fujitsu was a major milestone.
“Under this MSA, we anticipate delivering a range of novel IoT projects at
scale through pairing our technologies with Fujitsu’s commercial and deployment reach,” he said.
Constellation Technologies shares closed today’s session up 23.1 per cent to trade at 1.6 cents.