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BRIEF-Internet of Things signs LOI to enter into a JV with China's New Hope Group
March 15, 2017 / 12:28 PM / 9 months ago

BRIEF-Internet of Things signs LOI to enter into a JV with China's New Hope Group

March 15 (Reuters) - Internet Of Things Inc:

* Internet of Things Inc. signs LOI to enter into a JV with chinese global conglomerate New Hope Group

* Internet of Things Inc-new hope will hold 49 pct interest in new JV, to invest initially $2 million as capital loan while iot inc. Will hold a 51 pct interest

* Revenues over three-year term are expected to be in $20 to $30 million range from JV Source text for Eikon: Further company coverage:

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