VPN Technologies Inc. announced that its wholly-owned subsidiary Greentech Hydrogen Innovations Corp. has filed for patent provisioning of a novel proprietary “smart” IoT (Internet-of-Things) analytics technology being designed and developed for hydrogen producers, distributors and commercial end-users.
Following up on the successful completion of the recently commissioned comprehensive hydrogen business advisory report by FYELABS, Greentech has identified specific opportunities within the hydrogen monitoring and analytics services business.
Greentech intends to accelerate the development of a multi-phase innovation program that includes Proof of concept, Prototype and ultimately a Minimum Viable Product by year-end 2022.
The IoT hardware device is comprised of a certain integrated electronic chipset running proprietary algorithms with software installations operating wirelessly at hydrogen production plants, transport fleets and commercial end-user facilities. The IoT devices collect and store an array of metrics that offer clients cost savings and revenue optimising data analytics not currently available.
Greentech will operate the IoT device manufacturing, technology development, product distribution, device installation and support business, while VPN Technologies is the exclusive network provider for Greentech’s cloud analytics monitoring service.
Paul Dickson, VPN Technologies President and CEO, said, “Upon the serendipitous discovery of an under-serviced business sector within hydrogen production and logistics, we are confident our findings will be of great importance to virtually all participants involved in the business of hydrogen.”
Curtis Ingleton, VPN CTO and Greentech project leader, said, “We are excited to be working with FYELABS to develop IoT solutions aimed at equipping those engaged in the use, production and storage of hydrogen with deeper insight into their operations. These solutions will ultimately lead to a reduction in costs along with revenue opportunities largely unrealised to date.”