Rakon takes cornerstone stake in start-up rolling out 'internet of things' technology

Sun, 03 Apr 2016

By Fiona Rotherham April 4 (BusinessDesk) - French company Sigfox will roll out its low powered wide area network technology in New Zealand and Australia through Australian start-up Thinxtra, in which listed Kiwi high tech component manufacturer Rakon has become a cornerstone investor. Trials of the Internet of Things (IoT) network, which provides an energy-saving alternative to existing cellular networks, are underway in Sydney and Melbourne. Thinxtra hopes to provide coverage to 30 percent of Australians and New Zealanders by the end of...

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