Seluxit has delivered a full IoT solution with electronics, App and a Dashboard for environmentally friendly and high-tech wood pellet stoves, which came on the market in the autumn of 2020. The market introduction has gone really well, which means that Seluxit has now received a new significant order for the upcoming production of pellet stoves.
CEO Daniel Lux, Seluxit:
“Renewing your product with IoT offers huge potential. The servicing of the product becomes more targeted, you learn how the customers use the product and in the end, it opens up the possibility of selling your product as a service. In addition, you can achieve a closer customer relationship by correcting errors or offering new functionality for installed devices according to the customer’s wishes. ”
This order does not change the previously announced expectations for the current financial year.
In light of the currently very strong capital markets and solid investor interest in companies admitted to trading on Nasdaq First North Growth Market, Seluxit’s Management and Board of Directors have decided to examine the possibilities of strengthening the company’s capital base by providing additional equity or debt financing.
In order to support and accelerate the realization of Seluxit’s product and growth strategy, possible strengthening of the capital base will, among other things, help to compensate for the COVID 19 pandemic’s impact on the company’s revenue in the latest and current financial year. A strengthening of the capital base will furthermore enable a significant increase in the company’s sales and marketing initiatives, as well as in the work of establishing new commercial and strategic partnerships.
Once these investigations and the consequent considerations have been completed, Seluxit’s Management and Board of Directors will publish a further briefing to the market.
Seluxit has signed another distributor agreement for SLX Wappsto:bit, this time heading down under. Our newest partner, Pakronics, is an online ed-tech store based in Australia, providing everything you need for fun and educational DIY projects.
SLX Wappsto:bit is an extension board for BBC micro:bit which enables you to send and receive data directly to and from your dashboard, where you can also analyze and visualize your measurements.
Seluxit has signed its first distributor agreement for SLX Wappsto:bit in the UK. Our partner, The Pi Hut, is a large online store based in the UK, providing everything you need for your makers projects.
Seluxit’s cloud is spread over 5 data centres in different cities in Europe. All data is stored on servers in at least 3 of these locations. In addition, all data is backed up once a day.
This meant that when a major fire engulfed an OVH data centre in France and thousands of websites were lost, it had only a small effect on our customers, even though part of our cloud was also affected.
Our automatic fail-safe routines started by themselves and all services continued to work.
This incident shows very clearly why it pays to use our IoT solution for its data instead of developing its own.
The knowledge needed to develop a reliable system takes many years of experience. To keep up with developments, you must invest continuously in your solution. Seluxit does this continuously to secure its customers.