{"id":414824,"date":"2021-01-14T08:03:57","date_gmt":"2021-01-14T13:03:57","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414824"},"modified":"2021-01-14T08:03:57","modified_gmt":"2021-01-14T13:03:57","slug":"litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/","title":{"rendered":"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Jan. 14, 2021<\/span> \/PRNewswire\/ &#8211;\u00a0LiteLink Technologies Inc. (the &#8220;<b>Company<\/b>&#8220;) (CSE: LLT) (OTC: LLNKF) (FRA: C0B:FF), a company focused in emerging technologies, is pleased to announce the acquisition of 3030 IoT, an innovation leader in the Industrial Internet of Things, bringing to market smart sensors for the waste management space. 3030 IoT will augment the Company&#8217;s Shift Insights AI platform, providing waste management companies with ruggedized bin sensors, and unparalleled container visibility. \u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1420727\/LiteLink_Technologies_Inc__LiteLink_Technologies_Announces_Acqui.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1420727\/LiteLink_Technologies_Inc__LiteLink_Technologies_Announces_Acqui.jpg\" title=\"LiteLink Technologies Inc. logo (CNW Group\/LiteLink Technologies Inc.)\" alt=\"LiteLink Technologies Inc. logo (CNW Group\/LiteLink Technologies Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;In a world where 90% of all waste is picked up at the wrong time, 3030 IoT will complement LLT&#8217;s Shift Insights AI platform to bring in-bin sensors powered by cloud software and AI and give waste management providers real-time fill level and location driven insights,&#8221; says <span class=\"xn-person\">Peter Green<\/span>, LiteLink Technologies CEO.<\/p>\n<p>The growing complexity in the logistics of waste collection and the need to comply with regulations pertaining to waste processing while helping fuel smart cities, demand better waste management solutions, which are made possible by the use of technologies, such as IoT (Internet of Things) sensors. &#8220;We have seen on average 21% increased bin turnovers, and 6.75% more efficient and lower operational costs&#8221;, says <span class=\"xn-person\">Alan Ligumsky<\/span>, Owner at Peak Disposal, a leading waste management company using sensor technology from 3030 IoT. <\/p>\n<p>&#8220;Over the last 12 months we&#8217;ve seen that global supply chains and distribution will change, Shift Insights will play an important role in this process. The ability to help the global waste management space maximize profitability, improve customer experience, generate more revenue, optimize collection routes and schedules, and increase driver safety, is paramount to the foundation of this platform.&#8221;<\/p>\n<p>&#8220;The global waste management industry will reach <span class=\"xn-money\">$445Bn<\/span> over the next two years, and is experiencing much innovation in areas of AI and IoT; with the smart sensor waste management space growing 30% YoY, this acquisition represents a further commitment to our thesis of investing in emerging technologies poised for growth to bring maximum value back to our shareholders,&#8221; says <span class=\"xn-person\">Peter Green<\/span>, Chief Executive Officer of the Company. <\/p>\n<p>\n        <b>TRANSACTION SUMMARY<\/b>\n      <\/p>\n<p>The Company acquired 3030 IoT from a series of arms-length vendors (collectively, the &#8220;<b>Vendors<\/b>&#8220;).\u00a0 In consideration for 3030 IoT the Company completed an initial cash payment of <span class=\"xn-money\">C$50,000<\/span>, and issued 6,500,000 common shares, to the Vendors.\u00a0 The Company is also required to issue a further 3,000,000 common shares to the Vendors, of which 1,500,000 are issuable on or before <span class=\"xn-chron\">July 1, 2021<\/span>, and the balance are issuable on or before <span class=\"xn-chron\">July 1, 2022<\/span>.<\/p>\n<p>All references to common shares issuable in connection with the acquisition are to the common shares of the Company as presently constituted and will be adjusted to give effect to the share consolidation previously announced by the Company.\u00a0 All common shares issued to the Vendors in connection with the acquisition are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.\u00a0 No finders&#8217; fees or commissions were paid in connection with completion of the acquisition.<\/p>\n<p>On behalf of the board,<\/p>\n<p>\n        <span class=\"xn-person\">Peter Green<\/span><br \/>\n        <br \/>Chief Executive Officer<\/p>\n<p>\n        <b>About LiteLink<\/b>\n      <\/p>\n<p>LiteLink Technologies Inc. (CSE: LLT.CN) (OTC: LLNKF) (FRA: C0B:FF) a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI, cloud technologies, and gaming. Led by senior leaders and industry experts, LiteLink invests in and provides subject matter experts within portfolio companies to accelerate success and maximize value for shareholders. <\/p>\n<p>\n        <i>This news release may contain certain &#8220;Forward-Looking Statements&#8221; within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.\u00a0 When or if used in this news release, the words &#8220;anticipate&#8221;, &#8220;believe&#8221;, &#8220;estimate&#8221;, &#8220;expect&#8221;, &#8220;target, &#8220;plan&#8221;, &#8220;forecast&#8221;, &#8220;may&#8221;, &#8220;schedule&#8221; and similar words or expressions identify forward-looking statements or information.\u00a0 Such statements represent the Company&#8217;s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.<\/i>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=MO48644&amp;sd=2021-01-14\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry-301208459.html\">http:\/\/www.prnewswire.com\/news-releases\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry-301208459.html<\/a><\/p>\n<p>SOURCE  LiteLink Technologies Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=MO48644&amp;Transmission_Id=202101140800PR_NEWS_USPR_____MO48644&amp;DateId=20210114\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VANCOUVER, BC, Jan. 14, 2021 \/PRNewswire\/ &#8211;\u00a0LiteLink Technologies Inc. (the &#8220;Company&#8220;) (CSE: LLT) (OTC: LLNKF) (FRA: C0B:FF), a company focused in emerging technologies, is pleased to announce the acquisition of 3030 IoT, an innovation leader in the Industrial Internet of Things, bringing to market smart sensors for the waste management space. 3030 IoT will augment the Company&#8217;s Shift Insights AI platform, providing waste management companies with ruggedized bin sensors, and unparalleled container visibility. \u00a0 &#8220;In a world where 90% of all waste is picked up at the wrong time, 3030 IoT will complement LLT&#8217;s Shift Insights AI platform to bring in-bin sensors powered by cloud software and AI and give waste management providers real-time fill level and location &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414824","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, Jan. 14, 2021 \/PRNewswire\/ &#8211;\u00a0LiteLink Technologies Inc. (the &#8220;Company&#8220;) (CSE: LLT) (OTC: LLNKF) (FRA: C0B:FF), a company focused in emerging technologies, is pleased to announce the acquisition of 3030 IoT, an innovation leader in the Industrial Internet of Things, bringing to market smart sensors for the waste management space. 3030 IoT will augment the Company&#8217;s Shift Insights AI platform, providing waste management companies with ruggedized bin sensors, and unparalleled container visibility. \u00a0 &#8220;In a world where 90% of all waste is picked up at the wrong time, 3030 IoT will complement LLT&#8217;s Shift Insights AI platform to bring in-bin sensors powered by cloud software and AI and give waste management providers real-time fill level and location &hellip; Continue reading &quot;LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T13:03:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1420727\/LiteLink_Technologies_Inc__LiteLink_Technologies_Announces_Acqui.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry\",\"datePublished\":\"2021-01-14T13:03:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\\\/\"},\"wordCount\":753,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1420727\\\/LiteLink_Technologies_Inc__LiteLink_Technologies_Announces_Acqui.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\\\/\",\"name\":\"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/","og_locale":"en_US","og_type":"article","og_title":"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry - Market Newsdesk","og_description":"PR Newswire VANCOUVER, BC, Jan. 14, 2021 \/PRNewswire\/ &#8211;\u00a0LiteLink Technologies Inc. (the &#8220;Company&#8220;) (CSE: LLT) (OTC: LLNKF) (FRA: C0B:FF), a company focused in emerging technologies, is pleased to announce the acquisition of 3030 IoT, an innovation leader in the Industrial Internet of Things, bringing to market smart sensors for the waste management space. 3030 IoT will augment the Company&#8217;s Shift Insights AI platform, providing waste management companies with ruggedized bin sensors, and unparalleled container visibility. \u00a0 &#8220;In a world where 90% of all waste is picked up at the wrong time, 3030 IoT will complement LLT&#8217;s Shift Insights AI platform to bring in-bin sensors powered by cloud software and AI and give waste management providers real-time fill level and location &hellip; Continue reading \"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-14T13:03:57+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1420727\/LiteLink_Technologies_Inc__LiteLink_Technologies_Announces_Acqui.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry","datePublished":"2021-01-14T13:03:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/"},"wordCount":753,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1420727\/LiteLink_Technologies_Inc__LiteLink_Technologies_Announces_Acqui.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry\/","name":"LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry - 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