Get ready for the IoT Group revolution

Published at Nov 2, 2015, in Features

IoT Group, an Australian consumer technology company that is set to become the first ASX-listed internet of things business through an $18.5M reverse listing through Ardent Resources, recently signed an agreement with Terrapin Ventures based in California for Terrapin to act as a Non-exclusive Agent for sales and distribution of IoT products.

IoT recently closed their Share Purchase Plan (SPP) oversubscribed and raised approximately $520,000 in new funds through the SPP to complement its cash base of $582,000.

IoT Group, which was formed through the merger of three tech businesses, OK Watch, Roam and InnovativePTV is full steam ahead since we last spoke with them and have several major international deals in the works.

As well as the US deal, a sales channel agreement has been reached in Japan with Uyema and Associates.

The deals open up the largest (US) and third largest consumer electronics markets in the world.

In Australia IoT Group has grown rapidly with its products already stocked in big retailers such as Coles and JB Hi-Fi. As we reported previously sales for its $99 Viper Watch have already exceeded expectations, with its selfie drone garnering huge global attention and expected to sell like a plumb pudding at Christmas.

What the US deal means

In signing with Terrapin Ventures, IOT Group hopes to be able to immediately develop distributors and retailers within the US, whilst seeking mergers and acquisition opportunities. They are also seeking relationships with US Venture Capital firms that will aid in the establishment of creating a physical presence for expansion into the US market.

Terrapin Ventures CEO Paul Tobin, formerly Executive Chairman of Aussie Direct, said of the deal, “When doing business in the US you need to be on the ground and have a great network of contacts. I will provide that network to the IoT Group and help them establish large distribution channels for their products. I also look forward to presenting the IoT Group’s innovative products to venture capital firms and seeking out appropriate mergers and acquisitions to establish future growth and revenue.”

Tobin has an excellent track record.

He helped grow Aussie Farmers direct from a small early-stage business into a BRW Fast 100 winner with national reach. Tobin was crucial in implementing systems that allowed Aussie Farmers Direct to deal with its rapid growth. He was also responsible for Computershare’s expansion into North America. As the US Chief legal Officer and Company Secretary Member Tobin was responsible for negotiating, structuring, completing and integrating numerous M&A transactions during the company’s rapid growth.

IoT Group Executive Director and Richard Branson’s former right hand man Ian Duffell has welcomed the appointment.

This is another important step in our development into global markets,” Duffel said. “Paul Tobin is a global business builder and will establish major distribution channels throughout the United States. This agreement begins immediately and we look forward to great progress over the next three months.

A quick look at the market

IoT launched in May 2015 into a rapidly growing industry. According to research firm Gartner the number of Internet of Things devices is set to grow from 4.9 million in 2015 to 25 million by 2020, with more than half of those in the consumer category.

IoT Group launched into the market with its first smartwatch and will release its selfie drone before Christmas. In fact, IoT Group chief executive Simon Kantor says the business will have released a range of new products to retailers like JB Hi-Fi before Christmas.

IoT CEO Simon Kantor is preparing for a major product release before Christmas.

Most of its products will retail for under $300.

IoT has also announced that its Intervision IPTV business division increased subscriptions from 1375 subscribers to 2143 subscribers between July and October. Intervision currently provides internet television for the Greek and Arabic markets.

IoT Group has a number of bases covered as they look to create a complete ecosystem around wearable technology, connected home and mobile computing sectors. The business has ambitious plans to rival the likes of Apple and Samsung, developing a range of affordable wearable technology, mobile devices and gadgets.

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!