Client & Alumni News

Arkados Group – New Ben Franklin TechVentures Resident Company

The Internet of Things (IoT) is a sort of digital infrastructure. It connects devices, vehicles, buildings, and other items through electronics, software, sensors, and networks. The IoT allows objects to be sensed and controlled remotely, creating opportunities for more direct integration of the physical world into computer-based systems. The goal is improved efficiency and accuracy, and reduced costs.

Arkados Group, Inc. (OTC: AKDS) is a global provider of scalable and interoperable IoT solutions that focus on commercial buildings, factories, refrigeration units, and other machines for systems management and monitoring. Arkados’ cutting-edge industrial automation and energy management tools are comprised of software and hardware platforms that are the building blocks that enable the machine-to-machine communication necessary for various Smart Machines, Smart Manufacturing, Smart Building, and Smart City applications. The company works with customers to design and implement the most energy- and cost-efficient solutions in lighting, boiler, and combination heat and power systems. 

Arkados has recently expanded to Ben Franklin TechVentures®, an award-winning business incubator/post-incubator facility on Lehigh University’s campus in Bethlehem, PA. Ben Franklin TechVentures is owned and managed by the Ben Franklin Technology Partners of Northeastern Pennsylvania. Arkados plans to conduct its core research and development activities at TechVentures. 

Arkados develops innovative solutions on its Arktic™ software platform that enables sensing, data gathering and analysis, and machine-to-machine communication for smart building applications. The information gathered is used for measurement and verification, predictive maintenance, air quality, and energy management. Arkados’ systems help customers increase efficiency and reduce costs. 

Ben Franklin TechVentures brings together entrepreneurs, a large network of experienced advisors and investors, and Lehigh faculty and students to accelerate the growth of the region’s technology economy. Ben Franklin staff support TechVentures resident companies with management guidance, business planning, strategic planning, and marketing counsel; as well as connections to follow-on funders and assistance in preparing and improving funding presentations. Ben Franklin shares its new Innovation Institute meeting, learning, and conference facilities space with resident companies, local corporate partners, and programs. Ben Franklin TechVentures provides an entrepreneurial culture that fuels innovation, hastens the success of early-stage technology firms, and supports high-value job creation.

Via Lehigh Valley Business; NASDAQ Globe Newswire