“As a small company founded 5 years ago, it is rare to meet with the top leaders of global-level companies. However, following from Daliworks’ domestic successes in the domestic IIOT market, we were able to accompany President Moon Jae-in’s formal visit to the United States in late June as a member of the official Korean business delegation. We took part as a representative of the emerging cloud-based Internet of Things (IoT) platform service industry. The delegation also provided us a chance to create significant outcomes through a dozen business meetings with business leaders from the US” said Lee Soonho, CEO of Daliworks, Inc.
During his stay in the United States, CEO Lee Soonho concluded a memorandum of understanding (MOU) with Freewave Technologies, a global leader in the modern Industrial Internet of Things market, for technological collaboration and expansion of global business at a business partnering event hosted by Korea Trade-Investment Promotion Agency (KOTRA) in Washington, D.C.
Under the MOU, Freewave Technologies will integrate its industrial IoT hardware with ‘Thing+’, the cloud-based IoT platform created by Daliworks and a core technology for the 4th industrial revolution, to create cloud-based smart factory business opportunities in the global market, including North America, together.
The collaboration between the two companies aims at monitoring conditions and the operation of production facilities in real time via the cloud to optimize and improve manufacturing processes. Daliworks’ IoT platform will also enable customers, using Freewaves’ industry leading hardware, to predict and analyze glitches in equipment and take action in advance by analyzing vibration, sound and electrical signal data.
“As it provides a flexible system structure that can be readily applied to diverse industrial IoT areas, ‘Thing+’ of Daliworks can be easily used for expanding business together with Freewave, and customers are highly satisfied the results in terms of ROI and the system itself,” said Scott Allen, Chief Marketing Officer (CMO) of Freewave Technologies, after signing the MOU.
In addition to Freewave Technologies, Daliworks had meetings with several other U.S.-based companies in the defense and oil refinery industries towards building new partnership relations.
Daliworks’ business is focused mainly on providing ‘Thing+’, a highly secure and scalable cloud-based IoT platform service, through their R&D team based out of South Korea with core competencies in cloud technology, embedded technology and big data analysis and prediction. It provides IoT services to many global enterprises, while providing various subscription services and licensing models for medium and small-sized companies that do not need proprietary solutions.
In conjunction with Dell EMC, Daliworks is offering competitive services in diverse industrial IoT areas by connecting its ‘Thing+’ platform with Dell EMC’s new 3000 series Edge Gateway equipment. And, based on a recent partnership with ARM, Daliworks is also providing IoT service linked to ARM’s ‘mbed’ cloud and numerous ‘mbed’-based IoT devices. Other customers or partners of Daliworks include global names such as Cisco, Qualcomm, Amazon Web Services, Microsoft Azure and SK Telecom.
Meanwhile, Daliworks concluded an MOU with CDG Group, the largest IT service provider in Thailand, in June and it took part in the ‘IT Road Show’ held in Istanbul, Turkey in July hosted by Korea’s Ministry of Science, ICT and Future Planning.
“From the outset, we have been seeking to build relations with global companies that can help us reach multiple global markets. I expect my latest visit to the United States will help our keep up our momentum expanding into the global market,” said CEO Lee Soonho.