iot squared and Pairpoint Announce Collaboration to Drive IoT Innovation in the Middle East

We are thrilled to announce that iot squared, the national leader in IoT solutions in Saudi Arabia, and Pairpoint, a pioneering company in the Economy of Things (EoT) domain have signed a Memorandum of Understanding (MoU). This strategic partnership aims to leverage cutting-edge IoT technologies and EoT innovations to drive digital transformation and create sustainable solutions for tomorrow’s connected environments.

The collaborations will focus on:

Supply Chain Optimization: Real-time tracking of item location and condition to improve supply chain transparency, regulatory compliance, and optimization of logistics through autonomous device negotiations.
Energy Management: Optimization of grid distribution based on real-time demand, enabling homeowners to autonomously sell excess solar energy to the grid and enhance battery usage efficiency through battery passports.
Smart Retail Solutions: Dynamic adjustment of product pricing based on real-time factors, offering shoppers real-time discounts and special offers, particularly during off-peak hours.
Automotive and Transportation: Providing value-added services such as in-car payments and electric car charging, allowing drivers to pay for fuel, charging, or tolls directly from their vehicles without manual involvement.

This partnership aims to enhance city infrastructure, transportation, and overall quality of life through innovative IoT and EoT solutions.

“Pairpoint flagship platform delivers secure, fast, low-friction transactions for connected devices unlocking new sources of economic value across industries. We are excited for the opportunity to partner with iot squared and deliver together significant value to businesses and citizens.” – Jorge Bento, CEO of Pairpoint.

“Partnering with Pairpoint allows us to explore new frontiers in digital transformation. By integrating our IoT expertise with Pairpoint’s EoT innovations, we can provide comprehensive solutions that can optimize supply chains, enhance energy management, and innovate smart retail and transportation solutions. Together, we are shaping the future of connected environments.” — Othman AlDahash, CEO of iot squared

Stay tuned and follow iot squared and Pairpoint on LinkedIn for updates on our collaborative projects and how we’re shaping the future of connected environments!