IoT technology to Smart Meters

Seluxit has entered into an agreement with a large distributor of electronics components, on the delivery of radio modules for Smart Meters. First delivery gives a turnover of approx. DKK 3.5 million

CEO Daniel Lux, Seluxit:

“We are really happy to have made an agreement with a distributor of electronics components that deliver worldwide. It enhances our ability to scale sales of standardized modules for IoT solutions. The majority of the order is expected to be delivered during the financial year 2019/20 and is expected to generate a turnover of approx. DKK 3.5 million. We hereby expand our role as supplier of the Internet of Things to Smart Meters. The order does not change the sales and profit expectations announced by Seluxit in the company description of 18 October 2018 for the financial year 2018/19/19.”

Read the press release here.

Seluxit IoT technology to Smart Meters

Written by Mille Lux