Myriota’s investment of $1.36 million, which will be matched by a grant from the South Australian State Government’s Future Jobs Fund, will allow the company to integrate its ultra-low-cost satellite IoT solution into a wide range of global products and services, according to its press release.
The “more than 50” jobs to be created at Myriota include highly skilled software and hardware developers, data networking and satellite communications professionals.
Myriota Chief Executive Officer Dr Alex Grant said the Internet of Things industry is set to boom across the globe and Myriota has the potential to create significantly more advanced manufacturing jobs over the coming years and undertake production runs of millions of units for export.
“Our low-cost IoT system has been deployed in field trials for months now, and there are hundreds of companies here and overseas interested in using our product to provide connectivity for a huge range of applications,” Dr Grant said.
“This new IoT lab will enable us to build on our core technology and apply it across a wide range of industries including agriculture, defence, utilities, environmental monitoring, asset tracking and logistics.
“Our system works from any location on earth, and we look forward to taking our product global.”
Founded in 2015 to commercialise technology generated at the University of South Australia, Myriota has developed an “ultra-low-cost” satellite IoT service, which makes IoT possible for a wide range of remote industries including agriculture, asset tracking, utilities and defence. Current deployments include asset tracking and monitoring, agricultural water monitoring, environmental monitoring and more.
Myriota’s technology involves tiny low-cost satellite transmitters that send low powered messages directly to a constellation of low-earth-orbit nano satellites. These satellites relay the messages to earth where they are decoded and sent to the end user.