- BeWhere (TSXV:BEW) and GISCAD Barbados Ltd. announced a partnership aimed at addressing the growing market opportunity for reliable, feature-rich, low-cost asset tracking solutions in the Caribbean and Latin America
- This partnership will leverage BeWhere’s newly developed LTE Cat1 Bis-based BeSol+ and BeWired+ devices and GISCAD’s extensive regional client footprint across 29 territories
- The collaboration introduces BeWhere’s advanced asset tracking technology to markets where Low-Power 5G networks are not yet available, filling a critical gap in regional asset tracking capabilities while utilizing GISCAD’s comprehensive geospatial data sets
- BeWhere stock (TSXV:BEW) last traded at $0.65
Internet of Things (IoT) stock, BeWhere (TSXV:BEW) and GISCAD Barbados Ltd., part of the GISCAD Group of Companies, announced a partnership to address a growing market opportunity for asset tracking solutions in the Caribbean and Latin America.
This partnership will leverage BeWhere’s newly developed LTE Cat1 Bis-based BeSol+ and BeWired+ devices and GISCAD’s regional client footprint across 29 territories. The collaboration introduces BeWhere’s advanced asset tracking technology to markets where low-power 5G networks are not yet available, filling a gap in regional asset tracking capabilities while utilizing GISCAD’s comprehensive geospatial data sets.
“The Caribbean represents a significant growth opportunity for low-cost asset tracking solutions,” Craig Batstone, managing director of GISCAD Barbados said in a news release. “Many businesses across the region face challenges in efficiently tracking and managing their assets due to network limitations. Our relationships with key regional companies have already generated substantial interest in this technology, as it addresses their specific needs for reliable tracking without requiring infrastructure upgrades.”
“Craig and his team have been asking for a solution from BeWhere that works effectively in the countries that GISCAD services,” Brian Boychuk, senior VP sales and Marketing for BeWhere, added. “By modifying our products to meet market demands in locations where low-power 5G is not yet available, we’ve demonstrated our ability to quickly adapt to what our partners and customers need. This responsiveness is a key part of our company’s commitment to innovation.”
The new generation Cat-1 bis products are specifically designed for regions like the Caribbean where low power 5G coverage is limited, while maintaining BeWhere’s signature combination of advanced features and competitive pricing. These devices deliver reliable connectivity, extended battery life, and comprehensive tracking capabilities using existing network infrastructure.
“LTE Cat 1bis technology represents an evolution optimized for IoT and M2M applications,” Alban Hoxha, BeWhere’s CTO explained. “What makes this technology particularly valuable for Caribbean businesses is its ability to operate efficiently on existing LTE networks, providing broad coverage and roaming capabilities without requiring new infrastructure investments. For customers, this means immediate deployment, longer battery life, and a cost-effective solution for their asset tracking needs.”
The partnership will initially focus on shipping, logistics, and high-value asset tracking applications across the Caribbean region, with expansion plans for additional markets in late 2025.
About BeWhere Holdings
BeWhere specializes in low-power 5G IoT tracking technology with AI capabilities. The company has installed hundreds of thousands of trackers for Fortune 500 companies and top resellers and installers across numerous industries, including transportation, construction, logistics, utilities, health and government.
BeWhere stock (TSXV:BEW) last traded at $0.65 and has risen 120.34 per cent since this time last year.
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(Top image via BeWhere Holdings corporate presentation.)
