The CEO talked plans to extend income, market adoption and integration to turn into a market chief within the logistics expertise area LiteLink Ap
The CEO talked plans to extend income, market adoption and integration to turn into a market chief within the logistics expertise area
LiteLink Applied sciences Inc () (OTCMKTS:LLNKF) CEO Ashik Karim advised shareholders that the enterprise agency is on the brink of revitalize the Web of Issues sector in 2020.
In a letter to shareholders launched Monday, the CEO talked in regards to the Vancouver-based firm’s plans to extend income, market adoption and integration to turn into a market chief within the logistics expertise area.
“There isn’t a query that our future development plans concentrate on disruption in IOT {hardware} and sensors, expertise, market worth, and market differentiators,” Karim wrote.
READ: LiteLink Technologies bringing 1SHIFT platform to eastern Canada thanks to new deal with produce company Pommes Ma-Gic
LiteLink operates 1SHIFT Logistics, a software program platform that permits brokers, shippers, and carriers to trace shipments and settle funds in real-time with out having to micromanage particular person drivers. It additionally owns uBuck Applied sciences, a subsidiary that’s revolutionizing cost within the transport business by way of a platform that enables drivers to be reimbursed electronically inside a day of submitting proof of supply.
“With the 1SHIFT Logistics platform commercialization being our core focus at LiteLink, we now have discovered from the market, understood pricing match, and trialed with actual prospects throughout North America with success,” wrote Karim.
“We at the moment are rolling out the ultimate levels of a subscription mannequin that may permit prospects to enter bank card info and activate their account all in a self-service, streamlined mannequin that may require little to no buyer help from our finish. In anticipation of development in 2020, we now have additionally enabled a full distant buyer help tech help answer, that enables us to take management of any machine to troubleshoot any buyer from the consolation of our BC-based workplace.”
uBuck rollout
Subsidiary uBuck Applied sciences SEZC is getting ready to launch its platform in 2020 following the buildout of its digital cell pockets. The corporate signed an settlement with Deltec Financial institution in 2019 that represents a key step within the platform’s commercialization.
The agency additionally introduced US$400,000 in personal funding for the entity that owns uBUCK, during which LiteLink will proceed to personal a majority stake.
“With geographical evaluation, regulation and compliance match, this journey did take extra time than we anticipated, nevertheless, relaxation assured, our intention is to launch uBUCK this 12 months having mitigated dangers inherent to a extremely regulated enterprise,” Karim wrote to shareholders.
“We’ll proceed to push commercializing uBUCK funds for the remainder of 2019 to be able to pave the best way for accelerated development in 2020.”
LiteLink advised shareholders that it’s planning to host an open home in January on the firm’s Burnaby headquarters to showcase and exhibit its expertise.
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