NetComm Wireless Limited has signed a wireless Machine-to-Machine (M2M) distribution agreement with Kanematsu Communications Limited, wholly owned by Kanematsu Corporation (8020:JP). Kanematsu Corporation is one of Japan's largest trading companies with 41 global offices, 113 affiliated companies and a market capitalization of USD $657 million as of the end of March 2014. Kanematsu Communications is the distributor for Japan's major telecommunications carriers including NTT Docomo, Softbankand KDDI.
The distribution agreement involves the delivery of wireless M2M products to Kanematsu Communications' major export and telecommunication carrier customers. With the expansion into the Japanese market, NetComm Wireless is set to open a branch office in Tokyo to support market development within the region.
The partnership marks NetComm Wireless' entry into the Japanese M2M market which is seeing rapid growth as carriers accelerate the deployment of economical M2M solutions designed to connect and control assets such asvending machines, parking stations, Point of Sale terminals, digital signage, security systems and medical equipment throughout Japan.
The information and communication technology (ICT) industryis the largest industry sector in Japan with its market value expected to double from USD 1.2 trillion in 2011 to 2.4 trillion by 2020. Much of this growth will be driven by the uptake of wireless M2M communications as Japanese network operators develop partnerships with foreign device manufacturers to provide domestic and export customers with cost-effective M2M solutions. "This partnership strategically positions NetComm Wireless'M2M products in the Japanese market and presents tremendous new expansion and growth opportunities for the company as Japanese carriers focus on offering economical and efficient M2M solutions for domestic and international asset management," said David Stewart, CEO and Managing Director, NetComm Wireless.
"Japan leads technological innovation in terms ofelectronics and national connectivity, and is now on thecusp of significant M2M growth. Our relationship with NetComm Wireless will play an important role in ourstrategy to capitalise on Japan's rapid M2M market growthin partnership with our carrier and enterprise customers," said Mr...