SlideShare a Scribd company logo

20 years in IoT technology

WM Systems is proud to celebrate it's 20th anniversary

1 of 1
Download to read offline
WM SYSTEMS IS PROUD TO
CELEBRATE IT’S 20TH ANNIVERSARY
WM Systems LLC 8 Villa str., Budapest, H-1222 HUNGARY Phone: +36 (1) 310 7075 Support: +36 (20) 333 1111
Our website: www.wmsystems.hu Sales inquiry: intersales@wmsystems.hu Support: support@wmsystems.hu
20 years ago, in 2002 two young and ambitious engineers left the telco they worked at to start their
own business. The first mobile internet networks (GPRS-based) were just launched. They were aware
that was the beginning of a new era, the Internet Of Things. The concept of the IoT first became
popular in 1999, at MIT. They saw a huge potential in new mobile communications technologies and
decided to use their skills to design cellular communications devices for industrial applications.
In the beginning the company started distributing the products of well-known international brands, such
as PCMCIA cards, but at the same time, our engineers started developing our own products. The
company’s first self developed product launched was a GPRS alarm signal transmitter, since we realized
the problems the security industry had with landlines (because the cellular technologies are cheaper,
more secure, more reliable). We offered connectivity upgrades compatible with the existing security
systems, so operators would not need to replace the whole system, only a signal transmitter. Obviously, it
was a great success that allowed the company to grow.
The next big milestone was a complex GPRS-based communication system we developed for the
Hungarian National Health Insurance Fund. Pharmacies nationwide used our system to verify the eligibility
of patients to subsidized drugs. Those modems are in use today.
We also developed a small personal GPS tracker device that was used to monitor the elderly and
people working in remote dangerous locations. Sold tens of thousands to the Hungarian Postal Service
(which used it to monitor the postman working) and the largest utility which used it to monitor it’s
staff doing maintenance work on top of electric posts (if they fell an emergency alarm was sent).
By the 2000s we started developing industrial cellular modems and routers. In 2006, Elster, a large
German electricity meter manufacturer contracted us to develop a modem for one of their meters.
Mass smart metering was just starting and they realized that modem development is not their core
business. Then they asked us to develop a modem for their other meter, and then yet another.. In a
couple of months other meter manufacturers also trusted WM Systems to develop their modems.
In the last 15 years, we have sold more than 800k modems to utilities around the world!
Today,wehave15-20modems,alarmsignaltransmitters,personalGPStrackersandafewindustrialrouters
in our portfolio. Our long-term partnership continues with some of the largest meter brands and utilities.
We sell our products in more than 20 countries. Today, our organization has 40+ employees, most of
them engineers.
During the two decades, we have learned a lot! We have a deep understanding of cellular technologies,
their potential application in different industrial automation projects, embedded systems, information-
and cyber security, industrial protocols, energy efficient applications, mobile hardware environments
and smart metering. Using these skills we offer custom development of high-quality IoT devices for
our industrial clients.
We currently work with 2 well-known EMS companies in Hungary and one in Romania, but have 2-3 others
on stand-by, among them one that is contracted by Honeywell company to produce their PCBs. Also,
we have negotiated buffer stocks for key components, so scaling is not a problem. The last 2 years, we
have managed the component crises very well. There were slight delays, but nothing serious, and we did
not have to cancel any projects. We have grown up and become one of the most renowned IoT developers
in Europe!
We are very proud of our past and hopeful for the future! We are full of plans and ready to become a key
player in industrial IoT.

Recommended

Saic, hp, ge and others prepared by faizan maju
Saic, hp, ge and others prepared by faizan majuSaic, hp, ge and others prepared by faizan maju
Saic, hp, ge and others prepared by faizan majumfkgreat
 
SAIC, HP, GE and Others. Wireless Sensors Network Case.
SAIC, HP, GE and Others. Wireless Sensors Network Case. SAIC, HP, GE and Others. Wireless Sensors Network Case.
SAIC, HP, GE and Others. Wireless Sensors Network Case. mfkgreat
 
Internet of Everything - For Real 2014
Internet of Everything - For Real 2014Internet of Everything - For Real 2014
Internet of Everything - For Real 2014Mobilbusiness
 
Motorola Solutions, Inc.
Motorola Solutions, Inc.Motorola Solutions, Inc.
Motorola Solutions, Inc.Megan Mack
 
M2M Journal Issue 24 December 2014
M2M Journal Issue 24 December 2014M2M Journal Issue 24 December 2014
M2M Journal Issue 24 December 2014Martin Gutberlet
 

More Related Content

Similar to 20 years in IoT technology

Amir ahmadian m2 m communications as part of wireless sensor networks-final v...
Amir ahmadian m2 m communications as part of wireless sensor networks-final v...Amir ahmadian m2 m communications as part of wireless sensor networks-final v...
Amir ahmadian m2 m communications as part of wireless sensor networks-final v...Amir Mehdi Ahmadian
 
Companies from Flanders Belgium at Mobile World Congress 2015 in Barcelona
Companies from Flanders Belgium at Mobile World Congress 2015 in BarcelonaCompanies from Flanders Belgium at Mobile World Congress 2015 in Barcelona
Companies from Flanders Belgium at Mobile World Congress 2015 in BarcelonaFlanders Investment & Trade
 
2014 Global Trend Forecast (Technology, Media & Telecoms)
2014 Global Trend Forecast (Technology, Media & Telecoms)2014 Global Trend Forecast (Technology, Media & Telecoms)
2014 Global Trend Forecast (Technology, Media & Telecoms)CM Research
 
Report on Industry "Siemens"
Report on Industry "Siemens"Report on Industry "Siemens"
Report on Industry "Siemens"Hitarth Patel
 
Next Decade of Internet of Things and its
Next Decade of Internet of Things and itsNext Decade of Internet of Things and its
Next Decade of Internet of Things and itsRuma Shukla
 
Think in grid - executive resume
Think in grid - executive resumeThink in grid - executive resume
Think in grid - executive resumedmarino
 
M2 m communication whitepaper
M2 m communication whitepaperM2 m communication whitepaper
M2 m communication whitepaperResearch48
 
Connected Vending Machines – 3rd Edition
Connected Vending Machines – 3rd EditionConnected Vending Machines – 3rd Edition
Connected Vending Machines – 3rd Editionjohanfagerberg
 
SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...
SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...
SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...South Tyrol Free Software Conference
 
IoT digest. March 2018
IoT digest. March 2018IoT digest. March 2018
IoT digest. March 2018ElifTech
 
TRUSTLESS.AI and Trustless Computing Consortium
TRUSTLESS.AI and Trustless Computing ConsortiumTRUSTLESS.AI and Trustless Computing Consortium
TRUSTLESS.AI and Trustless Computing ConsortiumTRUSTLESS.AI
 
An Internet of Things blueprint for a smarter world
An Internet of Things blueprint for a smarter worldAn Internet of Things blueprint for a smarter world
An Internet of Things blueprint for a smarter worldMarc Jadoul
 
IoT customer centric smart applications offered by utility companies
IoT customer centric smart applications offered by utility companiesIoT customer centric smart applications offered by utility companies
IoT customer centric smart applications offered by utility companiesRaj Anand
 
Predicting the Future of Technology: 2017-2023
Predicting the Future of Technology: 2017-2023Predicting the Future of Technology: 2017-2023
Predicting the Future of Technology: 2017-2023Dennis M Zogbi
 
The 7 Biggest Technology Trends That Will Transform Telecoms In 2020
The 7 Biggest Technology Trends That Will Transform Telecoms In 2020The 7 Biggest Technology Trends That Will Transform Telecoms In 2020
The 7 Biggest Technology Trends That Will Transform Telecoms In 2020Bernard Marr
 

Similar to 20 years in IoT technology (20)

Amir ahmadian m2 m communications as part of wireless sensor networks-final v...
Amir ahmadian m2 m communications as part of wireless sensor networks-final v...Amir ahmadian m2 m communications as part of wireless sensor networks-final v...
Amir ahmadian m2 m communications as part of wireless sensor networks-final v...
 
Companies from Flanders Belgium at Mobile World Congress 2015 in Barcelona
Companies from Flanders Belgium at Mobile World Congress 2015 in BarcelonaCompanies from Flanders Belgium at Mobile World Congress 2015 in Barcelona
Companies from Flanders Belgium at Mobile World Congress 2015 in Barcelona
 
2014 Global Trend Forecast (Technology, Media & Telecoms)
2014 Global Trend Forecast (Technology, Media & Telecoms)2014 Global Trend Forecast (Technology, Media & Telecoms)
2014 Global Trend Forecast (Technology, Media & Telecoms)
 
Report on Industry "Siemens"
Report on Industry "Siemens"Report on Industry "Siemens"
Report on Industry "Siemens"
 
Next Decade of Internet of Things and its
Next Decade of Internet of Things and itsNext Decade of Internet of Things and its
Next Decade of Internet of Things and its
 
Think in grid - executive resume
Think in grid - executive resumeThink in grid - executive resume
Think in grid - executive resume
 
Managing the Internet of Things
Managing the Internet of ThingsManaging the Internet of Things
Managing the Internet of Things
 
M2 m communication whitepaper
M2 m communication whitepaperM2 m communication whitepaper
M2 m communication whitepaper
 
Connected Vending Machines – 3rd Edition
Connected Vending Machines – 3rd EditionConnected Vending Machines – 3rd Edition
Connected Vending Machines – 3rd Edition
 
SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...
SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...
SFScon19 - Eugenio Bettella Marco Reguzzoni - Internet of Things & cybersecur...
 
M2M Journal No. 20
M2M Journal No. 20M2M Journal No. 20
M2M Journal No. 20
 
IoT digest. March 2018
IoT digest. March 2018IoT digest. March 2018
IoT digest. March 2018
 
TRUSTLESS.AI and Trustless Computing Consortium
TRUSTLESS.AI and Trustless Computing ConsortiumTRUSTLESS.AI and Trustless Computing Consortium
TRUSTLESS.AI and Trustless Computing Consortium
 
An Internet of Things blueprint for a smarter world
An Internet of Things blueprint for a smarter worldAn Internet of Things blueprint for a smarter world
An Internet of Things blueprint for a smarter world
 
IoT customer centric smart applications offered by utility companies
IoT customer centric smart applications offered by utility companiesIoT customer centric smart applications offered by utility companies
IoT customer centric smart applications offered by utility companies
 
Predicting the Future of Technology: 2017-2023
Predicting the Future of Technology: 2017-2023Predicting the Future of Technology: 2017-2023
Predicting the Future of Technology: 2017-2023
 
WM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdf
WM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdfWM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdf
WM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdf
 
WM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdf
WM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdfWM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdf
WM_Systems_Catalog_2023-AUGUST-ENG_v1_mobile.pdf
 
The 7 Biggest Technology Trends That Will Transform Telecoms In 2020
The 7 Biggest Technology Trends That Will Transform Telecoms In 2020The 7 Biggest Technology Trends That Will Transform Telecoms In 2020
The 7 Biggest Technology Trends That Will Transform Telecoms In 2020
 
Livre blanc iot
Livre blanc iotLivre blanc iot
Livre blanc iot
 

Recently uploaded

LF Energy Webinar: Introduction to TROLIE
LF Energy Webinar: Introduction to TROLIELF Energy Webinar: Introduction to TROLIE
LF Energy Webinar: Introduction to TROLIEDanBrown980551
 
"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, Google
"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, Google"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, Google
"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, GoogleISPMAIndia
 
How AI and ChatGPT are changing cybersecurity forever.pptx
How AI and ChatGPT are changing cybersecurity forever.pptxHow AI and ChatGPT are changing cybersecurity forever.pptx
How AI and ChatGPT are changing cybersecurity forever.pptxInfosec
 
Confoo 2024 Gettings started with OpenAI and data science
Confoo 2024 Gettings started with OpenAI and data scienceConfoo 2024 Gettings started with OpenAI and data science
Confoo 2024 Gettings started with OpenAI and data scienceSusan Ibach
 
From Challenger to Champion: How SpiraPlan Outperforms JIRA+Plugins
From Challenger to Champion: How SpiraPlan Outperforms JIRA+PluginsFrom Challenger to Champion: How SpiraPlan Outperforms JIRA+Plugins
From Challenger to Champion: How SpiraPlan Outperforms JIRA+PluginsInflectra
 
"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro Kozhevin
"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro Kozhevin"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro Kozhevin
"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro KozhevinFwdays
 
Revolutionizing The Banking Industry: The Monzo Way by CPO, Monzo
Revolutionizing The Banking Industry: The Monzo Way by CPO, MonzoRevolutionizing The Banking Industry: The Monzo Way by CPO, Monzo
Revolutionizing The Banking Industry: The Monzo Way by CPO, MonzoProduct School
 
Building Bridges: Merging RPA Processes, UiPath Apps, and Data Service to bu...
Building Bridges:  Merging RPA Processes, UiPath Apps, and Data Service to bu...Building Bridges:  Merging RPA Processes, UiPath Apps, and Data Service to bu...
Building Bridges: Merging RPA Processes, UiPath Apps, and Data Service to bu...DianaGray10
 
Campotel: Telecommunications Infra and Network Builder - Company Profile
Campotel: Telecommunications Infra and Network Builder - Company ProfileCampotel: Telecommunications Infra and Network Builder - Company Profile
Campotel: Telecommunications Infra and Network Builder - Company ProfileCampotelPhilippines
 
Launching New Products In Companies Where It Matters Most by Product Director...
Launching New Products In Companies Where It Matters Most by Product Director...Launching New Products In Companies Where It Matters Most by Product Director...
Launching New Products In Companies Where It Matters Most by Product Director...Product School
 
How we think about an advisor tech stack
How we think about an advisor tech stackHow we think about an advisor tech stack
How we think about an advisor tech stackSummit
 
Relationship Counselling: From Disjointed Features to Product-First Thinking ...
Relationship Counselling: From Disjointed Features to Product-First Thinking ...Relationship Counselling: From Disjointed Features to Product-First Thinking ...
Relationship Counselling: From Disjointed Features to Product-First Thinking ...Product School
 
Battle of React State Managers in frontend applications
Battle of React State Managers in frontend applicationsBattle of React State Managers in frontend applications
Battle of React State Managers in frontend applicationsEvangelia Mitsopoulou
 
Leveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docx
Leveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docxLeveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docx
Leveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docxVotarikari Shravan
 
Act Like an Owner, Challenge Like a VC by former CPO, Tripadvisor
Act Like an Owner,  Challenge Like a VC by former CPO, TripadvisorAct Like an Owner,  Challenge Like a VC by former CPO, Tripadvisor
Act Like an Owner, Challenge Like a VC by former CPO, TripadvisorProduct School
 
Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)
Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)
Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)Jay Zhao
 
Enhancing Productivity and Insight A Tour of JDK Tools Progress Beyond Java 17
Enhancing Productivity and Insight  A Tour of JDK Tools Progress Beyond Java 17Enhancing Productivity and Insight  A Tour of JDK Tools Progress Beyond Java 17
Enhancing Productivity and Insight A Tour of JDK Tools Progress Beyond Java 17Ana-Maria Mihalceanu
 
ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...
ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...
ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...Neo4j
 
Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...
Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...
Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...UiPathCommunity
 
How to write an effective Cyber Incident Response Plan
How to write an effective Cyber Incident Response PlanHow to write an effective Cyber Incident Response Plan
How to write an effective Cyber Incident Response PlanDatabarracks
 

Recently uploaded (20)

LF Energy Webinar: Introduction to TROLIE
LF Energy Webinar: Introduction to TROLIELF Energy Webinar: Introduction to TROLIE
LF Energy Webinar: Introduction to TROLIE
 
"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, Google
"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, Google"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, Google
"The Transformative Power of AI and Open Challenges" by Dr. Manish Gupta, Google
 
How AI and ChatGPT are changing cybersecurity forever.pptx
How AI and ChatGPT are changing cybersecurity forever.pptxHow AI and ChatGPT are changing cybersecurity forever.pptx
How AI and ChatGPT are changing cybersecurity forever.pptx
 
Confoo 2024 Gettings started with OpenAI and data science
Confoo 2024 Gettings started with OpenAI and data scienceConfoo 2024 Gettings started with OpenAI and data science
Confoo 2024 Gettings started with OpenAI and data science
 
From Challenger to Champion: How SpiraPlan Outperforms JIRA+Plugins
From Challenger to Champion: How SpiraPlan Outperforms JIRA+PluginsFrom Challenger to Champion: How SpiraPlan Outperforms JIRA+Plugins
From Challenger to Champion: How SpiraPlan Outperforms JIRA+Plugins
 
"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro Kozhevin
"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro Kozhevin"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro Kozhevin
"DevOps Practisting Platform on EKS with Karpenter autoscaling", Dmytro Kozhevin
 
Revolutionizing The Banking Industry: The Monzo Way by CPO, Monzo
Revolutionizing The Banking Industry: The Monzo Way by CPO, MonzoRevolutionizing The Banking Industry: The Monzo Way by CPO, Monzo
Revolutionizing The Banking Industry: The Monzo Way by CPO, Monzo
 
Building Bridges: Merging RPA Processes, UiPath Apps, and Data Service to bu...
Building Bridges:  Merging RPA Processes, UiPath Apps, and Data Service to bu...Building Bridges:  Merging RPA Processes, UiPath Apps, and Data Service to bu...
Building Bridges: Merging RPA Processes, UiPath Apps, and Data Service to bu...
 
Campotel: Telecommunications Infra and Network Builder - Company Profile
Campotel: Telecommunications Infra and Network Builder - Company ProfileCampotel: Telecommunications Infra and Network Builder - Company Profile
Campotel: Telecommunications Infra and Network Builder - Company Profile
 
Launching New Products In Companies Where It Matters Most by Product Director...
Launching New Products In Companies Where It Matters Most by Product Director...Launching New Products In Companies Where It Matters Most by Product Director...
Launching New Products In Companies Where It Matters Most by Product Director...
 
How we think about an advisor tech stack
How we think about an advisor tech stackHow we think about an advisor tech stack
How we think about an advisor tech stack
 
Relationship Counselling: From Disjointed Features to Product-First Thinking ...
Relationship Counselling: From Disjointed Features to Product-First Thinking ...Relationship Counselling: From Disjointed Features to Product-First Thinking ...
Relationship Counselling: From Disjointed Features to Product-First Thinking ...
 
Battle of React State Managers in frontend applications
Battle of React State Managers in frontend applicationsBattle of React State Managers in frontend applications
Battle of React State Managers in frontend applications
 
Leveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docx
Leveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docxLeveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docx
Leveraging SLF4j for Effective Logging in IBM App Connect Enterprise.docx
 
Act Like an Owner, Challenge Like a VC by former CPO, Tripadvisor
Act Like an Owner,  Challenge Like a VC by former CPO, TripadvisorAct Like an Owner,  Challenge Like a VC by former CPO, Tripadvisor
Act Like an Owner, Challenge Like a VC by former CPO, Tripadvisor
 
Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)
Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)
Leonis Insights: The State of AI (7 trends for 2023 and 7 predictions for 2024)
 
Enhancing Productivity and Insight A Tour of JDK Tools Progress Beyond Java 17
Enhancing Productivity and Insight  A Tour of JDK Tools Progress Beyond Java 17Enhancing Productivity and Insight  A Tour of JDK Tools Progress Beyond Java 17
Enhancing Productivity and Insight A Tour of JDK Tools Progress Beyond Java 17
 
ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...
ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...
ASTRAZENECA. Knowledge Graphs Powering a Fast-moving Global Life Sciences Org...
 
Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...
Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...
Dev Dives: Leverage APIs and Gen AI to power automations for RPA and software...
 
How to write an effective Cyber Incident Response Plan
How to write an effective Cyber Incident Response PlanHow to write an effective Cyber Incident Response Plan
How to write an effective Cyber Incident Response Plan
 

20 years in IoT technology

  • 1. WM SYSTEMS IS PROUD TO CELEBRATE IT’S 20TH ANNIVERSARY WM Systems LLC 8 Villa str., Budapest, H-1222 HUNGARY Phone: +36 (1) 310 7075 Support: +36 (20) 333 1111 Our website: www.wmsystems.hu Sales inquiry: intersales@wmsystems.hu Support: support@wmsystems.hu 20 years ago, in 2002 two young and ambitious engineers left the telco they worked at to start their own business. The first mobile internet networks (GPRS-based) were just launched. They were aware that was the beginning of a new era, the Internet Of Things. The concept of the IoT first became popular in 1999, at MIT. They saw a huge potential in new mobile communications technologies and decided to use their skills to design cellular communications devices for industrial applications. In the beginning the company started distributing the products of well-known international brands, such as PCMCIA cards, but at the same time, our engineers started developing our own products. The company’s first self developed product launched was a GPRS alarm signal transmitter, since we realized the problems the security industry had with landlines (because the cellular technologies are cheaper, more secure, more reliable). We offered connectivity upgrades compatible with the existing security systems, so operators would not need to replace the whole system, only a signal transmitter. Obviously, it was a great success that allowed the company to grow. The next big milestone was a complex GPRS-based communication system we developed for the Hungarian National Health Insurance Fund. Pharmacies nationwide used our system to verify the eligibility of patients to subsidized drugs. Those modems are in use today. We also developed a small personal GPS tracker device that was used to monitor the elderly and people working in remote dangerous locations. Sold tens of thousands to the Hungarian Postal Service (which used it to monitor the postman working) and the largest utility which used it to monitor it’s staff doing maintenance work on top of electric posts (if they fell an emergency alarm was sent). By the 2000s we started developing industrial cellular modems and routers. In 2006, Elster, a large German electricity meter manufacturer contracted us to develop a modem for one of their meters. Mass smart metering was just starting and they realized that modem development is not their core business. Then they asked us to develop a modem for their other meter, and then yet another.. In a couple of months other meter manufacturers also trusted WM Systems to develop their modems. In the last 15 years, we have sold more than 800k modems to utilities around the world! Today,wehave15-20modems,alarmsignaltransmitters,personalGPStrackersandafewindustrialrouters in our portfolio. Our long-term partnership continues with some of the largest meter brands and utilities. We sell our products in more than 20 countries. Today, our organization has 40+ employees, most of them engineers. During the two decades, we have learned a lot! We have a deep understanding of cellular technologies, their potential application in different industrial automation projects, embedded systems, information- and cyber security, industrial protocols, energy efficient applications, mobile hardware environments and smart metering. Using these skills we offer custom development of high-quality IoT devices for our industrial clients. We currently work with 2 well-known EMS companies in Hungary and one in Romania, but have 2-3 others on stand-by, among them one that is contracted by Honeywell company to produce their PCBs. Also, we have negotiated buffer stocks for key components, so scaling is not a problem. The last 2 years, we have managed the component crises very well. There were slight delays, but nothing serious, and we did not have to cancel any projects. We have grown up and become one of the most renowned IoT developers in Europe! We are very proud of our past and hopeful for the future! We are full of plans and ready to become a key player in industrial IoT.