Business
Letter to Shareholders
Letter to Shareholders.
About this update from Tekumo, Inc.
[{"type":"text","content":"\n NEW YORK,, May 10, 2023 (GLOBE NEWSWIRE) -- To our Shareholders We are excited to provide an annual update for the Company, as much has happened since our merger with Tekumo LLC last June. As we outlined in our first letter, it was time to switch from being an IT Service company to our real “soul” of being a software company, to address the growing needs of a networked world and smart connected devices. This decision to switch business models wasn’t taken lightly, as the management team knew in doing so, we would have to say goodbye to some prior long-standing contracts, that revenue would dip, and questions from outsiders would arise. However, the vision is still there, and the target is way too big to forget. To that end, we have completed the development of our Service Delivery Platform to manage technical resources for installation and support, as well as monitoring and maintaining our customers’ connected devices. We are also pleased to announce anchor customers in four areas: IT and Retail Services: The rise in adoption of automation & digitization in the field services industry, and the manual methods that hamper managed service providers today, has led to an industry leader adopting Tekumo as its OnDemand field workforce solution. We have also added partners in digital signage with OnPremise, and the rollout of smart technology across automotive dealerships, and two prominent Quick Service Restaurant chains.Smart Apartments: Smart apartments offer property managers more control, more insight and better ROI through smart locks, access control, smart thermostats, water loss prevention and energy conservation. We have contracts to install several thousand units across the country with a leading Smart Home provider beginning in Q2.Smart Buildings: Water and energy conservation play a critically important role in managing operating budgets for facility managers.  Tekumo offers a comprehensive IoT platform that that allows managers to view and manage all their IoT technology needs in a single view. We have recently completed our first site surveys on properties in Miami and New York.Hospitality: Regulations to protect employees and guests in hotels are changing rapidly. We have been engaged to install panic buttons and other wireless technologies in leading hotel groups.   Our value pro...