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SOURCE Arkados Group, Inc.
New subsidiary will deliver innovative, sustainable, cost-saving energy solutions to both residential and commercial customers
NEWARK, N.J., June 5, 2014 /PRNewswire/ -- Arkados Group, Inc. (OTCQB: AKDS) ("Arkados" or the "Company"), a leading software and hardware design company focused on developing solutions that enable machine to machine communications for the Internet of Things ("IoT"), today announced the formation of a wholly-owned subsidiary, Arkados Energy Solutions LLC ("AES").
Leveraging our cutting edge technology and products as well as our knowledge and connections in the power industry, AES will position itself as a global energy services provider with focus on the design, installation and maintenance of innovative, sustainable, and cost-effective energy solutions for both residential and commercial customers. Our intention is that AES will implement smart grid applications primarily in the areas of LED lighting, building automation, and energy management. These applications are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices.
Terrence DeFranco, Chief Executive Officer of Arkados Group, Inc., commented, "Following the recent successful launch of our proprietary LinqUSP and Project and Event Management software platforms and their implementation into the Gateway One and UDK-21 gateway solutions, jointly developed by Tatung and STMicroelectronics, the launch of AES marks another milestone for Arkados as we continue to pursue our vision of being a global leader in machine to machine communications for building automation and energy management. With the proprietary software platforms that allow for the command and control of cloud-based systems, unique technology and products developed by our partners and the vast opportunities in the energy management and clean tech industries, we are very excited about the opportunities that this new venture can generate and expect it to contribute meaningfully to our financials in coming quarters."
About Arkados Group, Inc.
Arkados Group, Inc. ("Arkados" or the "Company") is a leading software and hardware design company focused on developing solutions that enable machine to machine communications for the Internet of Things (IoT). Our solutions support smart grid and smart home applications primarily in the areas of home and building automation and energy management. The Company's solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company's solutions, Arkados' customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost. Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados, please visit: http://www.arkadosgroup.com
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