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IOTE2E signed $236.8M MOU with French Investment Group to fund Smart Energy and Smart City
November 22, 2017 | IOTE2E Press Release
PARIS, France (22 November 2017) — IOTE2E (www.iote2e.com), a global business integrator for smart city and smart energy signed a memorandum of understanding (MOU) with a global French Investment Group to raise a € 200 million euros (236.8 million USD) fund in 2018 and 2019 to kick off the first project and consortium of smart energy and smart city in the Republic of Korea. The two parties held the ceremony to secure the collaboration and momentum on Wednesday, 22 November 2017 in Paris, France.
The French Investment Group is dedicated to renewable energy and energy efficiency projects for smart and clean community and closed more than € 502m for the renewable power plants with its businesses in three continents: Europe, Africa, and Asia. They believe IOTE2E’s team of highly qualified professionals as well as IOTE2E’s extensive global network of partners and quality of smart energy farm projects are very convincing elements to go further with IOTE2E.
IOTE2E provides the advanced SES (smart energy solutions) and smart energy farm that can be sustainable and innovative to provide clean renewable energy for smart city and smart community. By using smart IoT (Internet of Things) devices, smart wide area network, machine platform based upon AI, and big data analytics, IOTE2E is able to provide full end-to-end solutions for smart city and smart energy.
Key Jong Lee, Founder & CEO, IOTE2E said, “IOTE2E is ready to meet and lead the growing needs of smart energy farm and smart city in the world. IOTE2E has fast-developing technical and business savvy resources in US, France and Korea. IOTE2E is changing the way we adapt high technologies and process complicated businesses by redefining the social value, resources and contribution of energy and IOT (Internet of Things) businesses, and focusing on the full end-to-end solution from energy to environment.”
About IOTE2EIOTE2E is the global business and technology integrator for smart city, smart mobility, and smart energy providing the end-to-end solution to solve the community problem and serve many people with social contribution.
For more information, please contact:Emmanuel Katz
Executive Director, Global Marketing and Communications