Welcome to the CEO Corner!
October 24, 2016
Over the past few years, Arkados™ has evolved into a leading Internet of Things (IoT) companies in the industry. We believe we provide a unique value proposition for commercial machine and building owners: solutions to drive down energy consumption and operational costs and increase efficiency and useful life of our customers’ assets. Put simply, we use innovative and pervasive data gathering and analytical software solutions to help increase return on investments for our customers.
In 2013, we began as a software development company working with Tatung Co., a Taiwanese corporation (Tatung), to bring full-featured IoT products to market for many verticals. In 2015, we identified an attractive opportunity in the industrial automation industry and launched Arkados Energy Solutions, LLC, as a means of penetrating the market that is currently $120 billion in size according to Gartner Group. We believe that the combination of our innovative, open and scalable software platform and the strategic relationship with Tatung, our hardware design and manufacturing partner, will enables us to compete with both the legacy companies, such as Johnson Controls, Siemens and GE, as well as other emerging technology companies.
This isn’t just the belief of an optimistic CEO. While we believe that innovation will ultimately create great value for our shareholders, the initial test is not by winning innovation prizes, but by acquiring customers. Arkados™ has successfully grown its business from zero sales in FY2014 to a run rate of approximately $2 million as of our most recently reported year end results. We believe that we will be able to continue to grow revenues by focusing our efforts on bringing value to our customers through innovation and cost savings. In turn, our shareholders may benefit from the attractive margins associates with our products and services.
We anticipate that FY 2017 will be an exciting year in our evolution as we introduce new products, acquire new customers, scale our operations and ultimately drive more value to our shareholders. Opportunities abound and our team is poised to execute on our business strategy and continue to make Arkados™ a significant player in this exploding market.
– Terrence DeFranco, CEO of Arkados Group, Inc.