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Internet of Things Inc.’s Joint Venture with New Hope Data Appoints Mr. Li Hui Wen as CEO

Internet of Things Inc., invests in data-driven industrial IoT companies that deliver significant benefit to the verticals they serve. The Company is pleased to announce that New Hope IoT Intl. Inc. (“JV”) has appointed Mr. Li Hui Wen as Chief Executive Officer.

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Mr. Li has more than 20 years of experience successfully delivering technological solutions to large organizations. He held positions of increasing responsibility at IBM before transferring to Bank of Montreal where he, most recently, was Senior Technology Officer and Solution Architect. Mr. Li’s management strength is backed by exceptional technical expertise in big data, robotics, machine learning and artificial intelligence with a focus on end-to-end system integration. He holds master’s degrees in both Engineering and Computer Science from the University of Western Ontario.

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“Our Joint Venture with New Hope Data is a valuable and strategic distribution channel into the Chinese market for Internet of Thing Inc., which is critical to our IoT consolidation strategy,” stated Ron Shuttleworth, CEO of IoT Inc. “Hui Wen brings much needed leadership and focus to our JV, which is expected to drive significant value.”

“New Hope IoT Intl. Inc. is a unique ‘Industry 4.0’ opportunity. I am delighted to join the JV company and lead a dynamic team that delivers industrial IoT solutions to businesses in China,” said Li Hui Wen, CEO of New Hope IoT Intl. Inc. “The macro environment for innovative big data solutions remains very strong, with massive infrastructure projects being announced regularly. I am excited to guide the company through its next stage of development and success. The JV has a sound business model and there are several significant growth opportunities for New Hope IoT Intl. Inc.”

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