SYDNEY – While we’re on stockmarket matters, IoT Group, an Australian start-up which claims to be focussed on the Internet of Things (IoT), is planning to list on the ASX on December 14.This follows a reverse takeover by Sydney-based
exploration company Ardent Resources. The deal sees the remade Ardent acquire
100 percent of IoT Group for $18.5 million
The rejigged IoT Group will trade as Ardent IoT.
Its first smartwatch device, known as the Viper Phone Watch, recently went on
sale for a recommended $99 at 762 Coles supermarkets across Australia.
IoT Group said it plans to release further products including a “selfie
drone” flying camera; a GPS safety smartwatch designed for children; and a
smartwatch for tradies.