TMCnet News
V5 Systems Extends Award-Winning Streak with First-Place IoT WinFREMONT, Calif., Feb. 7, 2018 /PRNewswire/ -- V5 Systems extended its award-winning streak with a first-place win at the 2nd Silicon Valley Beijing International IoT Summit & Investment and Financing Competition, which is hosted by the Institute of Microelectronics of the Chinese Academy of Sciences, the Chinese Academy of Sciences Holding and the China IoT Industry Alliance, Ltd. The summit attracted over 1,800 attendees, including representatives from top US and China venture capital firms, media organizations and technology companies. Over 50 companies submitted applications to present at the Internet of Things (IoT) award session, with only 9 selected to make a presentation to the conference body. The selection is based on the level of innovation products bring to IoT. The judges are made up of industry experts, including CEOs and founders of investment firms, as well as senior researchers or fellows from major organizations, such as Verizon Communications. V5 Systems won the 1st Prize Award for its unique V5 Portable Edge Computing Unit (V5 PECU), which is an innovative platform for collecting, analyzing and sharing sensor data in any area, free from the electrical grid. The PECU Unit allows businesses to use artificial intelligence in the outdoors because it has a proprietary ongoing power source. This Unit now expands the landscape of Industrial Internet of Things (IIoT) networks and applications to areas without power or connectivity. The 1st Prize Award is a particularly distinguished achievement for an American company, because China is a world leader in the development of IoT applications. It currently controls 22% of the global market and continues to grow its share annually. In addition, the 5-year development plan of China's Ministry of Industry and Information Technologies (MIIT) specifically discusses the importance of IoT and elaborates on how to double this market by 2020. Helena Wang, Vice President of Global Business Development at V5 Systems, believes this is critical and heartening context for the company's positioning. "As an American company, we are especially proud of his win, as we are competing in a space which Chinese companies have dominated thus far due to their market's emphasis on IoT development. Along with our customer feedback, this win is proof that we have developed something truly disruptive," she said. V5 System's own security application, which runs on its V5 PECU platform, has been validated by ten other major industry awards. These consistent wins further validate the high regard the security industry has for V5 Systems' technology. While industry awards highlight technological capabilities, ultimately, the real-world application of its IoT technology is the true measure of value. A telling example of V5 Systems technology in the real world is the recent partnership with UCLA, which cements V5 Systems' leading position at the nexus of education and security. UCLA's Security Challenge Solution Result Summary of Awards:
To learn more about the V5 CAP, watch this 2-minute video, Be Groundbreaking...Without Breaking Ground. To learn more about the UCLA Case Study, read Safe Away From Home You can also find more information at our website: www.v5systems.us. Follow V5 Systems on social media: Facebook | Twitter | LinkedIn
View original content with multimedia:http://www.prnewswire.com/news-releases/v5-systems-extends-award-winning-streak-with-first-place-iot-win-300594636.html SOURCE V5 Systems |