Create a Network for the Internet of Things for $ 30 Million

With an investment of l & # 3939; order of $ 30 million, the firm Yeap! will develop a network to send and receive data from different devices, in what is called "the Internet of Things". This network "uses LoRAWAN technology, which consists of a very long-range wireless network to securely connect low-power devices, with low power consumption and very low connectivity costs," says Rajman. , CEO of the company. 19659004] The company, which belongs to the Cóndor group with extensive experience in telecommunications (was part of Movicom and CTI Movil), began developing this network a year ago and already covers the city of Buenos Aires, North and West , Mar del Plata, San Miguel de Tucumán, Córdoba, San Salvador de Jujuy, Neuquén and Santa Fe.

And in 2019, it will complete the coverage of the main cities of the country, said the executive.

The new network will achieve two-way communication. and encrypted devices for use in parking systems, lighting and management of the use of energy, among other uses, under the concept of "connected and smart cities"