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  • Spotlite360 Technologies Inc. (LITE) announced today its name change will take place at the commencement of trading on Tuesday, August 24
  • The change reflects the company’s focus on Internet of Things solutions
  • Spotlite360 is a logistics technologies solutions provider unlocking value, opportunities, and efficiencies for all participants in a supply chain
  • Spotlite360 Technologies Inc. (LITE) is up 2.08 per cent, trading at $0.98 per share

Spotlite360 Technologies Inc. (LITE) announced today that it plans on changing its name to SpotLite IOT Solutions Inc.

The name change will take place on Tuesday, August 24, at the commencement of trading, and reflects the company’s focus on Internet of Things solutions.

James Greenwell, President of Spotlite, commented on the name change.

“The capabilities of IoT technologies are a very important part of what we offer to our clients,” he said. “As such, we have sought to make this a more prominent element of our corporate identity with our updated name.”

There will be no change to the company’s trading symbol, and it will continue to trade on the CSE under the ticker “LITE”.

Spotlite360 is a logistics technologies solutions provider unlocking value, opportunities, and efficiencies for all participants in a supply chain.

The company builds upon existing applications of IoT technologies, distributed ledgers, and machine learning to set new standards of transparency, integrity, and sustainability in the pharmaceutical, healthcare, and agriculture industries.

Mr. Greenwell highlighted the importance of IoT solutions because of “the visibility they provide into the events and circumstances that can materially affect their bottom line.”

Spotlite360’s flagship SaaS solution has been engineered to seamlessly track the movement of a product by integrating with systems of all major stakeholders in a supply chain ranging from the raw materials to the hands of the end consumer.

Spotlite360 Technologies Inc. (LITE) is up 2.08 per cent, trading at $0.98 per share as of 3:59 pm ET.

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