• 1SHIFT platform tracks delivery routes and presents real-time arrival estimates to avoid wasting companies cash on detention charges
  • 1SHIFT cold-chain sensors enable farmers to ship their produce in mint situation by monitoring temperature and moisture ranges in real-time
  • LiteLink’s majority-owned subsidiary uBuck Applied sciences primarily based within the Cayman Islands, makes a speciality of digital funds and wallets

What LiteLink Applied sciences does:

LiteLink Applied sciences Inc () (OTCMKTS:LLNKF) is a dominant participant in growing world-class enterprise platforms and digital wallets. It channels synthetic intelligence, blockchain, and predictive analytics to resolve outdated expertise issues within the logistics and digital fee industries.

The Burnaby, British Columbia firm operates its flagship 1SHIFT logistics platform, as a Software program-as-a-Service answer, that allows brokers, shippers, and carriers to trace shipments and settle funds in real-time.

The platform exactly tracks delivery routes and presents real-time arrival estimates. Integrating international positioning techniques permits 1SHIFT to precisely detect longitude, latitude, floor velocity and the path wherein vans are heading. That stage of certainty saves firms tons of if not hundreds of {dollars} in detention charges. With 1SHIFT, firms now not must ask, “The place’s my stuff?”

Predictive analytics helps shippers assessment historic pricing data, accomplice scores, and present components comparable to gasoline costs, climate, and backhaul capability to make knowledgeable pricing selections. 1SHIFT additionally streamlines workflow inside the accomplice ecosystem and makes use of blockchain’s immutable digital ledger in sectors like transportation the place paperwork and monitoring are particularly advanced.

Moreover, the 1SHIFT platform not solely tracks delivery routes, however 1SHIFT cold-chain sensors enable farmers to ship their produce in mint situation by monitoring temperature and moisture ranges in real-time.

LiteLink’s majority-owned subsidiary uBuck Applied sciences primarily based within the Cayman Islands, makes a speciality of digital funds and wallets. In line with the corporate, uBUCK Pay is a multi-currency digital pockets for the unbanked and underbanked, whereas Streambucks is a multi-currency digital pockets constructed for avid gamers and streamers.

Customers are capable of load a pay as you go debit card to make purchases on-line and offline at collaborating retailers. The uBuck platform additionally permits drivers to be reimbursed electronically inside a day of submitting proof of supply.

How is it doing:

In February, LiteLink signed a letter of intent with Management Union Guatemala SA, which can widen its attain in Central and South America. Beneath the tie-up, LiteLink will present Management Union, an skilled in logistics and danger administration, the instruments to market 1Shift Logistics to its shoppers in 70 international locations. The proposed deal is for 2 years, and will probably be robotically renewed for successive 12-month phrases.

In one other feather in its cap, LiteLink gained Easterday Farms as a consumer for its IoT chilly chain 1SHIFT sensors. Based in 1958, Easterday Farms has 25,000 acres of wheat, potatoes, onions, and corn in Washington State’s Columbia River Basin, and a distribution facility in Florida. On the finish of a 45-day trial, Easterday ordered 10 1SHIFT cold-chain sensors and subscriptions to seize real-time GPS, temperature, humidity and different in-transit vital information factors.

LiteLink continues to accomplice with its first US buyer Texas-based Bay Water Transportation. Helping with freight and delivery operations, LiteLink employs its logistics platform for all the things from routing to proof of supply.

Final 12 months, LiteLink launched a second beta model of 1SHIFT’s desktop and cell functions for its shopper trials. The app is offered without cost on Apple and Android for truckers to obtain on their smartphones.

LitLink’s subsidiary uBuck, for its half, obtained $500,000 in financing in December, the second tranche of a $900,000 complete capital elevate.

LiteLink is partnering with a distinguished digital logging gadget supplier, a expertise that robotically information driving time and hours of service. It is also exploring a partnership with a GPS monitoring firm.

Moreover, the corporate is enhancing its presence within the Web of Issues sphere. It signed a deal in January to amass 3030IoT, a agency that makes sensor expertise to watch fill ranges in trash or recycling bins and notify truckers when full bins want picked up.

That expertise marries fairly effectively with its present infrastructure inside the delivery business. The plan is to roll out 5 completely different sensors within the close to future and market them to housing complexes, development firms, parks and recreations departments and others.

In November, LiteLink partnered with Pomme Ma-Gic, an apple and potato producer in Quebec. LikeLink offered a trial of its 1SHIFT platform, and in flip was capable of open an east coast base on the firm’s workplace. Pommes Ma-Gic is offering LiteLink with chilly room storage amenities and vans and trailers to make use of in its analysis into temperature monitoring. As well as, LiteLink will use the ability to check their IoT and 5G sensors and units in several situations.

In January, uBUCK signed a take care of Good Avid gamers Corp, a web based platform for avid gamers to have interaction with one another and earn rewards. Customers can then flip these rewards into Streambucks, uBucks’s digital pockets and make on-line purchases or earn a pay as you go debit card.

uBuck, for its half, obtained $500,000 in financing in December, the second tranche of a $900,000 complete capital elevate.

The digital pockets can be progressing into digital ATM providers. On June 24, the corporate inked a take care of Spare CS Inc, giving it entry to QR-code processing expertise. With Spare’s software program, customers can flip their digital foreign money into money at about 2,500 collaborating Los Angeles shops with out the necessity for a debit card or a financial institution.

As of August 31, the corporate had $1.7 million in money readily available and greater than $6 million in complete belongings.

Inflection factors:

  • LiteLink which has clients within the US, Canada, and Central America, plans to ultimately widen its attain to South America and Europe
  • The massive Easterday Farms deal validates the corporate’s SHIFT Logistics IoT chilly chain sensors platform for America’s $134 billion farm sector
  • LiteLink is aggressively scaling its chilly chain sensors and platform for concentrating on the North American agriculture business
  • The corporate’s sensible waste sensor is one other step in what the corporate expects to be a continued development into the IoT sector
  • LiteLink and Management Union have outlined their first two goal clients that might validate the transition from a letter of intent to a industrial deal  
  • As trials flip to gross sales, the corporate hopes to ramp up income
  • The uBUCK digital pockets permits for immediate transfers of funds and is gaining robust traction as transfers can happen globally, with no switch charges and no value to the top consumer

What the boss says:

“LiteLink may be very excited to have Easterday purchase our units and subscriptions after operating intensive trials throughout the US with 1SHIFT. At this stage, Easterday has given us the market worth and validation we would have liked to verify market match, pricing, and system and gadget usability. That is simply the tip of the iceberg for LiteLink’s progress,” mentioned LiteLink CEO Ashik Karim.

“With over 2.2 million farms within the US, and with roughly 193,000 farms in Canada, there’s loads of market share for 1SHIFT to seize,” he added.

Contact the writer Uttara Choudhury at [email protected]

Observe her on Twitter: @UttaraProactive 

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