Connected IO executes deal with major US telco

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Tech company Connected IO (ASX:CIO) has executed an agreement with a major US telco to enable direct sales of their product.

Based in Silicon Valley, Connected IO develops wireless products for machine-to-machine (M2M) communications and Internet of Things (IoT) connectivity.

The CIO family of programmable modems and routers are innovative, operator-certified, secure, and affordable, making them the preferred choice of enterprises around the globe.

The company already has a relationship with the US telco. The new relationship enables Connected IO product to be directly marketed in the USA via a sales force of over 3000.

Shares in Connected IO (ASX:CIO) are trading 16 per cent higher at $0.03.