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Spotlite360 Technologies announces name change to SpotLite IOT Solutions Inc.

The capabilities of IoT technologies are a very important part of what it offers clients in their supply chains because of the visibility they provide into the events and circumstances that can materially affect their bottom line

Spotlite360 Technologies -
The company said its shares will continue to trade under the ticker “LITE” on the Canadian Securities Exchange

Spotlite360 Technologies (CSE:LITE) Inc. announced that its name will change to SpotLite IOT Solutions Inc. from the start of trade on Tuesday, August 24 to better reflect the company’s capabilities. 

The Vancouver-based technology company said its shares will continue to trade under the ticker “LITE” on the Canadian Securities Exchange and no action is required to be taken by shareholders with respect to the name change, which follows a resolution by its board of directors. 

“The capabilities of IoT (Internet of Things) technologies are a very important part of what we offer to our clients in their supply chains because of the visibility they provide into the events and circumstances that can materially affect their bottom line,” Spotlite president James Greenwell said in a statement.

“As such, we have sought to make this a more prominent element of our corporate identity with our updated name,” he added.

READ: Spotlite360 exploring opportunities in agriculture supply chains for its blockchain and IoT technologies

Spotlite360 Technologies is a Software as a Service (SaaS)-based, enterprise software company leveraging IoT technologies, blockchain, and machine learning to deliver supply chain solutions, which result in improved tracing, tracking, visibility, efficiency, collaboration and proof of sustainability claims for customers within pharmaceutical, healthcare & agriculture.

Contact the author at stephen.gunnion@proactiveinvestors.com

Quick facts: SpotLite360 IOT Solutions

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Price: 0.33 CAD

Market Cap: $17.73 m

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