Optus Business today announced that it has entered into an agreement with Myriota, the global leader in nanosatellite Internet of Things (IoT), with a view to providing remote and regional connectivity for IoT devices and applications.
An Australian first, the major telco-nanosatellite provider agreement will bring together Optus premium national networks and digital enablement capabilities with Myriotas direct-to-orbit technology to allow for massive scale, low-cost communications for IoT devices across remote Australian geographies.
The arrangement will offer low-cost, long battery life connectivity for millions of devices across multiple industries. The devices will allow companies to track assets across Australia, even in the most remote areas.
Optus Business Managing Director, Chris Mitchell, said he was excited to see the impact that collaborating with Myriota would have for Optus customers.
Working with innovative startups like Myriota allows Optus Business to help our customers capture the business improvements of next generation technologies, Mr Mitchell said. We are excited by the possibilities this agreement presents.
CEO and co-founder of Myriota, Dr Alex Grant, said the agreement would unlock new opportunities for IoT applications across a wide variety of industries.
Remote connectivity has long been the missing piece of the puzzle for IoT across industries like logistics and farming, and we are thrilled to partner with Optus Business to provide a comprehensive connectivity offering, Dr Grant said.
Previously, satellite connectivity has not been available or affordable for businesses with remote assets, but nanosatellites are providing a more attainable and affordable solution.
By combining Optus national networks with our nanosatellite capability, we are able to offer a truly holistic IoT solution and help solve connectivity issues being faced in regional Australia, he continued.
The two companies have a shared history, with 2018 seeing Myriota secure US$15 million in Series A funding from companies including Singtel Innov8; the venture capital arm of Optus parent company Singtel.
Dr Alex Grant, CEO of Myriota, and Chris Mitchell, Managing Director of Optus Business