HENDERSON, NV / ACCESSWIRE / March 18, 2019 / The global Industrial Internet of Things (IIoT) Market size is expected to reach $933.62 billion by 2025. Analysts are calling for substantial growth due to the higher rate associated implementation of IoT technology across the globe. Some important factors responsible for the growth of industrial IoT industry are cost-effectiveness and easy availability for various advanced electronic devices such as processors, sensors, and other connected systems. Globally, the industrial IoT market is predicted to grow at CAGR of 27.8% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.
If you are looking to invest in IoT growth plays, you should research Gopher Protocol Inc. (GOPH), a hybrid AI/IoT play. It is a development-stage company which considers itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The company has a patented self-learning and adaptive Integrated Circuit (IC), called the GopherInsight™, which is GOPH's suite of mobile applications, and their Avant! machine learning system (AI component) which connects to several devices on the network (IoT component). GOPH's Avant! AI has completed Phase I of AI-based robotics research involving the identification of the robot's environment using integrated sensors, location and computer vision. The company announced it has filed a non-provisional patent application with the United States Patent and Trademark Office (USPTO) covering Gopher's 3D microchip design and manufacturing technology. The goal of the technology specified in this application is to facilitate the design and manufacturing of superior computing microchips to power AI systems, wireless and IoT/Mobile systems.
Gopher Protocol Inc. (GOPH) (Market Cap: $103.065M; Share Price: $0.486) has completed several tests recently. One of the recent tests cleared GOPH for field testing outdoors. Other recent research tests identified successful cognitive robotics features where robots were able to sense their environment by means of integrated sensors, location and computer vision. The company's AI artificial intelligence engine was successfully integrated into robots resulting in improvements in robots' perception and understanding of human activities and verbal communications.
In the IoT department, GOPH initiated testing multiple antenna types and configurations as part of the final phase of development for its mesh network gateway device. Antennas are a crucial part of any wireless system, being the central communicator between wireless clients, so this announcement was very promising.
Switch, Inc. (SWCH) (Market Cap: $2.613B; Share Price: $10.64) just released their Q4 financials. The company reported fourth-quarter net income of $2.6 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Las Vegas-based company said it had net income of 5 cents. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. For the year, the company reported profit of $4.1 million, or 9 cents per share. Revenue was reported as $405.9 million. Switch expects full-year revenue in the range of $436 million to $445 million.
Fitbit, Inc. (FIT) (Market Cap: $1.491B; Share Price: $5.90) recently expanded its partnership with Arizona-based Solera Health, in order to help people improve health culture and reduce type 2 diabetes. Under the agreement, Fitbit will offer a health care platform to Solera members. The deal is aimed at improving care management among users through positive thinking and physical exercise, to name a few.
Flex Ltd. (FLEX) (Market Cap: $5.376B; Share Price: $10.31) recently named Revathi Advaithi as CEO. “This is a time of tremendous opportunity in manufacturing, as trends such as regionalization, artificial intelligence, 5G and advanced manufacturing all combine to improve the way we live and work,” said Ms. Advaithi. “With locations in 30 countries and expertise in a dozen industry verticals, Flex has the necessary breadth and depth to help companies develop and launch innovative products at global scale and intelligently manage a shifting business landscape.
Bridgeline Digital, Inc. (BLIN) (Market Cap: $3.329M; Share Price: $0.2050), a provider in cloud-based Web Content Management, eCommerce and Marketing Automation software, announced that it has closed a private placement resulting in gross proceeds to the company of over $10 million.
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Priyanka Goel, CFA.
This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a two-month term consulting agreement with GOPH dated 12/31/18. The agreement calls for $100,000 in cash per month. All payments were made directly by Gopher Protocol, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. GOPH was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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