Collaboration with BlackBerry seeks to develop next generation network performance management solutions for IoT.
OTTAWA, Dec. 12, 2018 /CNW/ - Martello Technologies Group Inc. ("Martello") (TSXV: MTLO), a leading provider of network performance management solutions for real-time communications, announced today that it has been selected alongside six other promising Canadian technology companies to participate in the BlackBerry/L-SPARK Accelerator Program. Spanning more than six months and focused on intensive, one-on-one, training, the accelerator program is designed to bring new products to market using BlackBerry QNX technology.
As part of the new accelerator program, BlackBerry will help Martello research and develop network solutions that deliver high performance services on the increasingly complex networks created by the Internet of Things (IoT). According to Gartner, in its December 2017 report, Forecast: Internet of Things — Endpoints and Associated Services, Worldwide, 2017, the global IoT market will reach 25.1 billion endpoints by 2021, with total spending on endpoints and services reaching $3.9 trillion in 2021. From autonomous vehicles to smart cities, real-time IoT applications create network complexity, and Martello's technology can help manage network resources, capacity and performance for these real-time IoT applications.
"Martello has all the necessary ingredients to help optimize the possibilities of the IoT and we're excited to provide training, access to technology, and expertise through the BlackBerry L-SPARK Accelerator Program to further accelerate their growth in the automotive sector," said Grant Courville, VP, Product Management and Strategy, BlackBerry QNX, BlackBerry.
"Secure delivery of high performance services using the best available networks is critical to the success of IoT," said John Proctor, President and CEO of Martello. "The BlackBerry L-SPARK Accelerator Program exemplifies the collaborative spirit of the Canadian tech ecosystem, and we look forward to working with BlackBerry to bring simplicity to the increasingly complex network requirements created by IoT."
About Martello Martello's solutions manage and optimize the performance of real-time services on cloud and enterprise networks. Our solutions, which include network performance management software and SD-WAN technology, allow over the top (OTT) service providers and enterprises around the world to deliver better service quality and a reliable user experience. Designed for real-time communications such as voice and video, Martello's solutions detect, identify and address network performance problems BEFORE service quality is impacted. For information, visit: http://www.martellotech.com.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: general market and industry conditions, risks related to continuous operations and to commercialization of new technologies and other risks disclosed in the Corporation's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Martello Technologies Group
For further information: Martello Contact: Tracy King, VP Marketing, [email protected], 613.410.7636; Laurenn Wolpoff, MRB Public Relations (on behalf of Martello), [email protected], 732.758.1100 x. 101