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IOT to Act as Exclusive Advisor to develop Internet of
Things opportunities in the Property Tourism Sector
IOT Group Limited (ASX: IOT) (“IOT” or “the Company”) is pleased to announce that its Internet of
Things (IoT) smart devices and services subsidiary company, OK IOT Group Pty Ltd, has successfully
completed a pilot program with PropertyBay Holdings Pty Ltd (PropertyBay) (propertybay.io). The
pilot established and developed a road map with regards to devices and services that could be
implemented on PropertyBay’s projects. Following its success, IOT will continue to provide consulting
services to PropertyBay for an average fee of $100,000 per month.
The IoT is the network of physical devices embedded with electronics, software, and sensors that
connect and exchange data, creating opportunities for integration of everything, including the physical
world, into computer-based systems. It is expected that the development of the IoT products and
services will result in efficiency improvements and economic benefits for PropertyBay projects.
PropertyBay is an integrated property development and investment company managing unique,
luxurious and industry-leading projects from inception to completion. Internet of Things products and
services required by PropertyBay are expected to include wearables, drones, payment solution
services, security services, communication services, IPTV, energy management and environmental