Sensera selected by Autodesk to showcase technology
Internet of Things solutions provider Sensera Limited (ASX:SE1) has been selected by Autodesk (NASDAQ:ADSK) to participate in its Residency Program at its Technology Center in Boston, Massachusetts.
As a backdrop, Sensera delivers sensor-based products transforming real-time data into meaningful information, action and value.
The company designs and manufactures hardware and software across the vertical technology spectrum from unique structures as MicroElectroMechanical Systems (MEMS) and sensors, as well as wireless networked systems and software that when combined, drive an entire IoT platform solution.
The network of Autodesk Technology Centers in San Francisco, Boston, Toronto and Birmingham, UK brings together industry, academic, and entrepreneurial communities to create a shared vision of the future of making.
Autodesk generates annual revenues of US$3.2 billion
Autodesk is a major player in an industry closely aligned with Sensera, and the group generates more than US$3.2 billion in annual revenue.
Sensera’s IoT location awareness solutions came shortly after the company signed a global distribution deal with NYSE-listed Arrow Electronics.
The following shows one of the company’s location tracking tags on a crane at the Boston Autodesk Technology Center.
Meanwhile, SE1’s fiscal 2020 revenues and order book are building well after the group grew income by 60% to US$10.2 million in fiscal 2019.
The Microdevices and IoT Solutions business units increased revenues by approximately 75% and 54%, respectively.
Close to 50% of the total revenue related to contracts executed in fiscal 2018 with Smartbow (now Zoetis) and Abiomed, and these will continue to provide a substantial contribution to revenues into fiscal 2020.
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.
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.