Breakthrough technology has led to a low-cost, low-power, satellite communications solution. It makes the transmission of small data from remote locations economically viable for a whole new class of sensors and machines.
The Internet of Things (IoT) is the interconnection of everyday objects enabling them to send and receive data. This makes them work smarter. Driven by business benefits and outcomes, organisations adopting IoT are using metrics that reflect:
The communications infrastructure taken for granted in more populated areas is unavailable in many remote parts of the world.
Capturing and delivering data from remote locations using alternative available means is possible. However,it is difficult and expensive. For example, conventional satellite technology.
Myriota was established in 2015 to commercialise this breakthrough technology.
Myriota’s innovative technology offers an affordable solution. The technology captures small packets of data and makes it available to remote end users.
Efficient, low-cost battery powered sensors and micro-transmitters lie dormant until needed. When needed, they capture and transmit small packets of data. This data is transmitted to a constellation of tiny, inexpensive, low earth orbit nanosatellites.
Packets of data are then transmitted to the ground. Myriota’s cloud based software solution sorts through the packets of data. It then delivers them securely to their intended recipient instantaneously.
Beyond the development of the transmitting device, Myriota’s main research and development (R&D) focus was on the software underpinning the platform.
The cloud-based software means that Myriota can deliver IoT connectivity to customers in the most remote locations. They can do this at a cost unmatched by any other provider.
Myriota has utilised the Research and Development Tax Incentive (RDTI) to make the latest and most innovative IoT technology available for applications that would otherwise have been priced out of the market.
IoT technology is now available for defence, agricultural and transport applications. This would otherwise not have been possible.
Myriota has been able to develop their product quickly. The RDTI has meant better cash flow and made every dollar spent on R&D go further than it would have done otherwise.
Myriota CEO Dr Alex Grant explains that participation in the RDTI program has accelerated product development. It allowed Myriota to mature their business quickly. They brought their products to market far quicker than they would otherwise have been able to.
Participation in the RDTI program has also supported Myriota to train its employees in:
These skills have been instrumental to the rapid development of Myriota’s IoT technology. They have contributed to them developing and bringing their product to market quickly.
Whilst R&D will continue into the future, Dr Grant explains that Myriota will also be focusing their efforts on product sales and service delivery. This is a stage they wouldn’t have reached so quickly if it hadn’t been for the RDTI program.
“We’re a very early stage company where most of our expenses are R&D. Having access to the RDTI program has accelerated how fast we can do things” Dr Alex Grant CEO, Myriota.