CCP Technologies Dark Horse of the ASX IoT race!

https://unauthorised investment adv...ark-horse-of-the-asx-internet-of-things-race/

The “Internet of Things” space is booming.

Global spending on the technology — which allows devices such as cars, light switches or heart monitors to swap information over the Internet — is expected to reach $US1.2 trillion within five years.

CCP Technologies (ASX:CT1) might just be the ‘dark horse’ in the ASX “IoT” race.

When others have been loud, CCP has been quietly building a deep network of customers across Australia, US and South East Asia in multiple verticals.

The company has recently worked with Vodafone to deploy its IoT technology at Sydney airport, and has alluded to a global agreement with the company, which * understands will be announced this week.

Solid customer wins across food retailers, healthcare, hospitality sectors, including well-known brands such as Caltex, Metcash and restaurant chain Criniti’s, were achieved with limited fanfare from the company.

This same automatic monitoring function is scalable across a variety of verticals — CCP customer ACT Health, a vaccine storage facility, uses this same function to ensure regulatory compliance and vaccine quality assurance.

Its IP can be applied across multiple different verticals and the company is building a distribution channel.