P2P Group (CSE: PPB) has secured a North American technology company as its second commercial partner targeting mass ISP (internet service provider) deployments.
The undisclosed partner purchased P2P’s software with a view to creating a first-ever ‘monetise the router’ opportunity with its ISP customers.
It will allow ISPs to add services outside of internet and OTT (over-the-top) applications to support real-world consumer environment intelligence across critical infrastructure sectors.
Increasing demand
P2P chief executive officer Ed Clarke said the deal demonstrated the increasing demand for artificial intelligence-driven, hardware-free solutions which transform how consumers and businesses manage and optimise real-world environments.
“Our commercial momentum in attracting large distribution customers highlights the scalability and market demand for our technology,” he said.
“As businesses seek cheaper, smarter, more efficient solutions and leverage artificial intelligence, we believe P2P is well-positioned to drive significant value and expansion opportunities.”
Aged care revenue Earlier this month, P2P secured its first revenue from the sale of multiple annual subscriptions to its cutting-edge InturAI aged care monitoring solution.
The order was placed by an Australian-based aged care technology provider, with the potential for over 42,000 subscriptions at target rollout prices of between $15 and $50 per subscription.
InturAI employs standard Wi-Fi signals to track the movement of elderly clients, detecting falls and monitoring their well-being without the need for intrusive cameras or wearable devices.
It is powered by the InturAI software platform, which targets improvements in the cost of care and patient outcomes in consumer environments such as nursing homes by capturing important data such as activity levels, vital signs and health issues.
Technology experience
Mr Clarke joined P2P in August and has considerable experience in hyper-growth technology platforms, gained through his years with logistics software-as-a-service (SaaS) company Yojee.
He is renowned professionally for his ability to drive growth and foster a culture of innovation and has been involved with multiple publicly listed and private firms in the technology space.
Mr Clarke replaced former P2P chief executive officer Simon Cheng, who has remained a director of the company.