Safran Identity & Security announced that it has been selected by Millicom as one of its partners to supply secure elements and applications for Internet of Things (IoT) technology in Latin America.
Safran Identity & Security, a global leader in identity and security, today announced that it has been selected by Millicom, a leading telecom company dedicated to emerging markets in Latin America and Africa, as one of its partners to supply secure elements and applications for Internet of Things (IoT) technology in Guatemala, Honduras and El Salvador.
IoT technology is growing strongly in Latin America. According to IHS Technology, growth of over 25% per year is expected through to 2021, reaching 65 million connected devices in Latin America, that will use mobile technology to communicate with each other.
Safran is supporting Millicom in exploring business in the areas of IoT and Machine to Machine (M2M). Safran will deliver its robust M2M SIM card, which can handle extreme environmental, memory management, and long lifetime needs of Millicom’s M2M customers. In addition, a “lock and refresh” application will enable remote monitoring and management of the M2M cards in the field.
“With its expertise in M2M services and solutions, Safran is the ideal partner for Millicom to support our strategy to drive M2M and IoT market development in Latin America”, said Bart Vanhaeren, Director B2B Operations and New Businesses at Millicom
Yves Portalier, Vice President and General Manager Telecom Business Unit at Safran Identity & Security, commented:
“IoT technology is already revolutionizing the way business gets done. With Safran’s products and solutions, Millicom is able to open up new business possibilities, such as telematics, smart metering, smart vending machines and for the Internet of Things in general.”