LTS unveils MENA growth strategy for Fleet Management IoT solution
Logistics Technology Services (LTS) is planning to launch its portfolio of IoT services in the Gulf Cooperation Council (GCC) countries followed by the Middle East and Africa in the next three years.
The new expansion strategy was unveiled by Bader Juwaied, chief executive officer of LTS, at the recently-held Saudi International Exhibition and Conference for the Internet of Things (IoT) at the Riyadh International Convention and Exhibition Centre.
"The IoT solutions market in the GCC is poised for robust growth as regional governments are increasingly investing in next-generation technologies to move their economies away from reliance on oil, moreover, the next-generation technologies are creating massive opportunities for economic transformation and could lead to an industrial revolution, globally referred as the Fourth Industrial Revolution," said Juwaied.
LTS, which started operations in Saudi Arabia in 2010, offers fleet management solutions for businesses operating large vehicle fleets, to optimise their routes, and drivers.
It also provides technical services to industry projects including IoT, oil & gas, petrochemical, manufacturing and utilities, with support services that include design, engineering and implementation.
As a provider of open IoT fleet management platform services, LTS has recently been appointed by Elm Company, a leading provider of digital solutions in the Kingdom, as a long-time service provider for its fleet management solutions “Masarat”.
LTS has also partnered with leading companies such as Planet Networking & Communication to offer a wide range of switches, routers, media converters and power supplies; Geotab to provide fleet management software and GPS vehicle tracking devices and GTS to offer system integration and services in automation and communication engineering.