Canadian company ITT, an internet of things (IoT) specialist, has signed a 30-year joint venture agreement with Chinese firm New Hope Data Technology, which provides data acquisition, monitoring, data analytics, professional services and knowledge transfer through the implementation of IoT technologies. The Chinese firm is involved in a wide range of sectors such as agriculture, real estate, infrastructure, chemical, engineering, finance and insurance.
The joint venture will be focused on bringing global industrial IoT solutions to New Hope-owned factories, as well as other manufacturing facilities across China and will be called New Hope IoT.
