XPED Ltd (ASX:XPE) Joining Open Connectivity Foundation

Xped Limited (ASX:XPE) ("Xped" or "the Company") is pleased to announce it has joined the Open Connectivity Foundation TM ("OCF") as a gold member.

Intel(R) (NASDAQ:INTC) who are one of the foundation partners of OCF, recently invited Xped to join after the Company successfully ported its ADRC technology onto Moon Island Gateway platform.

Xped has been working to increase its profile and awareness within the IoT industry and with large corporations and sees joining OCF as an additional benefit to the Company for adoption and uptake of its technology.

The Company is in the process of making parts of its technology platform open source and making these available to benefit the OCF community. The anticipation is that this will drive the uptake of ADRC by the OCF members and thus create an install base for monetization of the non-open source parts of the technology.

ABOUT OPEN CONNECTIVITY FOUNDATION

Billions of connected devices (devices, phones, computers and sensors) should be able to communicate with one another regardless of manufacturer, operating system, chipset or physical transport. The Open Connectivity Foundation (OCF) is creating a specification and sponsoring an open source project to make this possible. OCF will unlock the massive opportunity in the IoT market, accelerate industry innovation and help developers and companies create solutions that map to a single open specification. OCF will help ensure secure interoperability for consumers, business, and industry. http://www.openconnectivity.org



About XPED Ltd

XPED Ltd (ASX:XPE) is an Australian Internet of Things (“IoT”) technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. Xped provides technology solutions for Smart Home, Smart Building, and Healthcare.

At Xped, we’re Making Technology Easy Again(TM)

     

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