Last Updated: September, 2023
Freeeway Recognized for Connectivity Innovation in 7th Annual IoT Breakthrough Awards Program
Prestigious Annual IoT Breakthrough Awards Program Honors
Standout Internet-of-Things Companies and Products
VIENNA, Austria, Jan. 12, 2023 – Freeeway AG, a Vienna, Austria-based IoT (M2M, machine to machine) connectivity service and software provider, today announced that it has been named “M2M Cellular Service Provider of the Year” in the 7th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today.
Freeeway is a mobile virtual network operator that specializes in supplying IoT connectivity at a global scale. Through their dedicated Connectivity Management Platform, exclusively operated and hosted by Freeeway, customers can take advantage of the platform’s global connectivity reach to extend their offerings.
simHERO is Freeeway’s brand for Consumer IoT which address both business and customer needs. It turns the complexity of IoT subscriptions into an easy and effective process so that each retailer can offer IoT subscriptions without needing to have any knowledge about IoT.
Freeeway provides both retail channels and manufacturers with the platform to monetize mobile data. Through their software, Freeeway manages partner subscriptions, provides customer support for connectivity directly to end users, and gives partners a sales commission for every payment plan bought by the end user. Clients are provided with the tools and processes to control and invoice IoT subscriptions so that the sourcing of IoT connectivity becomes a seamless user experience with an easy activation process. This enables retail partners and producers an access to recurring mobile data revenues without the need to become a telco expert.
“Even with the increase of IoT sophistication and cellular connectivity, there has still been a rather low and predictable monthly mobile data consumption. At the same time, mobile data has become a recurring revenue stream opportunity. For retailers, spending days on complex processes like invoicing for IoT subscriptions should be something from the past,“ said James Johnson, managing director at IoT Breakthrough. “Freeeway offers the capability to do this in a couple of seconds. Their solution has revolutionized the retail industry by enabling them to create a completely new revenue stream – and by offering this new recurring revenue stream, their platform helps retailers to grow their profits and build more meaningful relationships with their customers. Congratulations on being our pick for ‘M2M Cellular Service Provider of the Year.’”
The mission of the IoT Breakthrough Awards program is to recognize the innovators, leaders and visionaries from around the globe in a range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, Connected Home and Home Automation, Connected Car, and many more. This year’s program attracted more than 4,000 nominations from companies all over the world.
“It’s an honor to be recognized with this award from IoT Breakthrough. Innovation at Freeeway means understanding our customers’ needs and providing them with the most optimized version of the product we offer – even when it means creating something that does not have a place in the market yet,” said Freeeway’s CEO Harald Fuchs. “We believe that retailers should focus on their business and grow the relationships with their customers, while we take care of the rest. Freeeway will continue to further innovate in the retail business and find ways to add growth for retailers and end consumers. This award validates our mission.”
With more than 500 network partners in close to 200 countries, Freeeway also provides tailored services in various sectors such as vehicle fleet tracking, environmental sensors, and smart industries including mobility, parking, agriculture, utilities, healthcare, retail, and more.
About Freeeway AG
Freeeway enables IoT solutions providers to CONNECT, MANAGE and MONETIZE their smart, connected products and services. We provide IoT connectivity at global scale and create software that helps businesses to monetize their IoT solutions through recurring revenues and provides the foundation for more meaningful customer relationships. We are pioneers in IoT monetization by giving IoT Solution Providers the flexibility to combine multiple revenue drivers from Hardware lease, SaaS, Services, as well as Mobile data into a customer specific IoT subscription model, and to automate the entire IoT revenue generation cycle. Our long-term vision aids businesses to benefit from recurring IoT revenue streams. Freeeway is committed to drive innovation and make IoT monetization an enabler for revenue growth.
For more information visit freeeway.com
About IoT Breakthrough
Part of the Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the IoT Breakthrough Awards program is devoted to honoring excellence in Internet-of-Things technologies, services, companies and products. The IoT Breakthrough Awards program provides a forum for public recognition around the achievements of IoT companies and products in categories including Connected Home and Home Automation, Connected Car, Industrial IoT (IIoT) and Smart City, Consumer IoT and more. For more information visit IoTBreakthrough.com