Nexo wins IoT Product of the Year award at Computing Big Data Excellence Awards, London

The Nexo solution, from Elstat Limited, has won the ‘IoT Product of the Year’ award at this year’s prestigious Computing Big Data Excellence Awards, in London. Amongst stiff competition from diverse industrial solutions, Nexo stood out as the winner, for an entry that highlighted its ability to deliver sales-enhancing initiatives to food and drinks brands, whilst also responding to business-critical operational concerns.

For years, global food and drinks brands have used Elstat’s Energy Management Devices to intelligently manage the power consumed by their refrigerators (known in the industry as coolers). Now, by adding sensing technology to the devices, Nexo’s IoT solution has revolutionized the benefits coolers can bring for its customers.

Judges were presented with the commercial case for connecting Point of Sale assets. The Nexo solution incorporates a sophisticated Business Intelligence tool, Nexo Discovery, enabling enterprise managers to monitor and manage their refrigeration assets, at scale, from wherever they are in the world, and then distribute key information to employees in the field. Elstat has developed a cloud-based platform and an open architecture, allowing software and digital communication to be scaled and continually developed for customers.

The awards, which this year were bigger than ever with 18 prizes, recognise achievement across the world in the fields of Big Data and the Internet of Things, and were held at the De Vere Grand Connaught Rooms in London.

Nick Nearchou, Elstat CEO, said:  “This award is testament to the dedication and expertise of our talented team. Together with their support, we have developed a truly revolutionary solution for brands, and this award represents the high standard of service we are able to deliver to clients.”

Elstat and Bosch to lead innovation in Smart coolers for cold drinks brands

London, UK, 11th July 2016 –  Elstat Ltd, a leading provider of global Smart cooler solutions for cold drinks brands, today announces a strategic partnership agreement with Bosch to lead innovation in the sector.

In working with one of the world’s most significantly experienced, leading engineering and electronics companies, Elstat will bring innovation to market more rapidly as its customer base seek to boost revenues and reduce costs in increasingly competitive environments. Additionally, this agreement means Elstat will provide its customers with a broader range of Nexo connected cooler solutions to meet different market needs across entire cooler estates.

Elstat selected Bosch for its breadth of capability and its market leading knowledge of refrigeration, sensor technologies and implementation. Partnering with Bosch will allow Elstat to focus their extensive industry expertise in defining the next stage of innovation.

Nick Nearchou, CEO of Elstat said, “We were very impressed by Bosch’s dedication to delivering on our vision. Their expertise extends an incredibly talented Elstat team to ensure we can continue to lead in delivering value to our customers”

Elstat’s Smart cooler solution, Nexo, provides its customers with services such as Asset Tracking, Service Management, Sales Management, Consumer Engagement and Energy Management in a single hardware and software solution.

Dattatreya Gaur, Vice President of Robert Bosch Engineering and Business Solutions said, “We are delighted to be partnering with Elstat in this rapid growth sector. The needs from Elstat’s customer base are clear and together we intend to deliver a level of value that exceeds market expectation.”

The partnership is live with immediate effect.