LOFA Industries Makes Telemetry Investment
LOFA Industries, Inc., the Roswell, Ga., manufacturer of advanced engine controls and accessories for mechanical and electronic engines, announced that it has made an investment in RemoteIQ, LLC (RIQ) as part of its ongoing strategy to provide wireless, web-enabled remote monitoring solutions to its customer base in both the on- and off-highway markets.
The level of investment was unspecified, but LOFA CEO Stephen Rary, called it “an integral component of LOFA’s long-term focus to develop turnkey telemetry solutions that drive real value for our OEM and rental customers.” The move will also enable RemoteIQ to develop markets in the on-highway, oil and gas, and other diversified industrial segments, Rary added.
RemoteIQ, also headquartered in Roswell, is a supplier of turnkey wireless remote monitoring, control and data acquisition systems for engine-driven equipment and related assets. Charles Christie, previously co-founder and vice president, Business Development of CriticalWireless and who most recently led the business development and M2M strategy efforts at Manning Navcomp, will become president of RemoteIQ.
“It’s no secret that M2M technology promises massive value to many enterprises,” Christie said. “But with all of the components that typically make up a complete M2M (machine-to-machine ) solution, from sensors and instrumentation, to wireless data service and backend software platforms, the potential value is often overshadowed by the project’s cost and complexity. By partnering with LOFA, RemoteIQ will be capable of delivering the entire solution, quickly and cost effectively.”