Business
Balincan USA, Inc. Enters Into Growing Smart Cities Market
Balincan USA, Inc. Enters Into Growing Smart Cities Market.
About this update from Tekumo, Inc.
[{"type":"text","content":"\n NEW YORK, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Balincan USA Inc. (“Balincan” or the “Company”) announces that it has signed a long-term consulting agreement with Timothy Downs, Managing Director of Smart Gig Media and Partner at The 2030 Project. Mr. Downs brings more than 15 years of experience in the wireless, mobile, IoT and broadband industries to the Industrial Internet of Things (IIoT) division of Tekumo, a wholly owned subsidiary of Balincan USA, Inc. Since 2016, Tim has focused on the Smart City and IoT marketplace and has developed multiple products designed for municipal executives to optimize technology trends. These include municipal fiber networks, small cells, IoT/sensor networks and connected vehicle technology to improve city services and innovation. Smart cities use IoT (Internet of Things) devices such as connected sensors, lights, and meters to collect and analyze actionable data. The cities use this data to improve infrastructure, public utilities, and services. Technologies include Smart meters, Smart transportation, Smart grids, Smart air quality monitors, and Smart waste management. Strings D.E. Kozisek, Tekumo CEO added “we are really excited to have Tim join and to continue to expand the Tekumo team. His executive level history in the telecom, 5G, small cell, cell tower and Smart City world is a perfect fit for Tekumo’s future plans and current capabilities.”    According to Markets and Markets, “the smart cities market is expected to grow from USD 511.6 billion in 2022 to USD 1024.4 billion by 2027, at a CAGR of 14.9% during the forecast period. The smart cities market is growing due to the rising need for public safety and advanced communication infrastructure, growing adoption of connected and smart technologies, rising energy optimization requirements, and intensifying citizen engagement.” Tekumo is founded by a small group of successful entrepreneurs; Strings Kozisek (CEO), Chris Nichols (CSO), Phillip Dignan (President/CFO), and Jacob Beasley (CTO). This team brings a shared vision and shared history. Their previous ventures in the software, managed services, organic material manufacturing, retail and automotive verticals are currently generating over $300M in annual revenue.  The Company offers three main product lines. Teku...