Australia: Freestyle Technology to list on ASX in H2 2017

A visual network of the Internet of Things (IoT)

Freestyle Technology will list on the Australian Securities Exchange (ASX) later this year, following the closing of an A$5.8 million ($4.36 million) contract to provide smart meters and a management platform to the rural South Korean province of Gochang.

Incepted in 2006, Freestyle Technology is backed by the Macquarie Group and specialises in machine-to-machine technology. It operates across several markets, including utilities, healthcare, agriculture and finance. According to the Australian Financial Review, which first reported this development, the firm had raised A$50 million and was valued at A$85 million in 2014.

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