Together with Telenor

Together with Telenor

Seluxit is partnering with Telenor to drive end-to-end IoT solutions to market even faster.

“All of our customers are always busy getting their products connected on the internet. By entering into this partnership, we can now offer 5G-based solutions that use Telenor’s stable infrastructure. The goal is to be able to halve the time it takes to develop an IoT project. This can be done because the solution has been developed, tested, and stabilized all the way from device to dashboard” – Daniel Lux.

Wave Powered Energy

Wave Powered Energy

Seluxit is “on board” (pun intended) a wave-powered pilot project which is using the SLX Wappsto:bit to measure wave activity in Norway.
The project, which is led by entrepreneurial students Hanna Bjørnstad Hellem and Astrid Berg Larsen, aims to create green energy for all by generating wave-powered electricity. You can read more about the project (In Norwegian) here.

SLX Wappsto:bit is an extension board for BBC micro:bit which enables you to send and receive data directly to and from your dashboard, where you can also analyze and visualize your measurements.

Another Smart Home Order

Another Smart Home Order

Seluxit has delivered a full IoT solution with electronics, App and a Dashboard for environmentally friendly and high-tech wood pellet stoves, which came on the market in the autumn of 2020. The market introduction has gone really well, which means that Seluxit has now received a new significant order for the upcoming production of pellet stoves.

CEO Daniel Lux, Seluxit:

“Renewing your product with IoT offers huge potential. The servicing of the product becomes more targeted, you learn how the customers use the product and in the end, it opens up the possibility of selling your product as a service. In addition, you can achieve a closer customer relationship by correcting errors or offering new functionality for installed devices according to the customer’s wishes. ”

This order does not change the previously announced expectations for the current financial year.

Seluxit Raises Capital

Seluxit Raises Capital

In light of the currently very strong capital markets and solid investor interest in companies admitted to trading on Nasdaq First North Growth Market, Seluxit’s Management and Board of Directors have decided to examine the possibilities of strengthening the company’s capital base by providing additional equity or debt financing.

In order to support and accelerate the realization of Seluxit’s product and growth strategy, possible strengthening of the capital base will, among other things, help to compensate for the COVID 19 pandemic’s impact on the company’s revenue in the latest and current financial year. A strengthening of the capital base will furthermore enable a significant increase in the company’s sales and marketing initiatives, as well as in the work of establishing new commercial and strategic partnerships.

Once these investigations and the consequent considerations have been completed, Seluxit’s Management and Board of Directors will publish a further briefing to the market.