Upcoming M2M standard to fire starting gun?
The company is not providing much detail of its technology at present except to say terminals will be very low power and low cost and the network will be able to scale to support billions of devices simultaneously. This matches up to predictions that the Internet-of-things will scale to about 50 billion connections in 2020.
The applications Neul is targeting include: M2M communications, electronic media and content delivery, asset tracking, traffic management and road pricing and continuous monitoring and dynamic upgrades of firmware, remote health monitoring, point-of-sale and shelf-label networking, environmental monitoring and control, smartgrid, home and industrial building automation, security and control.
Neul said that some details of the company's technology will be released when the global M2M communications standard is launched in 2011.
European Telecommunications Standards Institute (ETSI) has been working on a set of M2M communications standards since January 2009. A first release of these standards was predicted for the first half of 2011.
No mention is made on the Neul website of where Neul's funding has come from, but given the founders' successful history it is possible that the company is self-funded thus far.
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