X-TELIA announces that it has concluded a strategic transaction with Desjardins, which is taking a stake in the Montreal-based technology company.

This investment by Desjardins is part of an initiative to invest in companies using innovative operational, technological or economic models to address existing or emerging issues. This is a strategic investment for the Mouvement Desjardins' own account, for the benefit of its members and clients, and will be managed by Desjardins Capital, Desjardins' private equity arm.

"Desjardins' participation in X-TELIA will allow us to accelerate the development of the X-TELIA network in Quebec and Canada, and to pursue our mission of making cities smarter, businesses more efficient and citizens safer," says Eric Bourbeau, President and CEO of Groupe X-TELIA, Quebec's leader in the Internet of Things and smart cities. "We see many synergies between Desjardins' vision and that of X-TELIA and are very pleased to have chosen them for this first round of financing."

For more information, consult Desjardins' press release.

LORAWAN® TECHNOLOGY REVOLUTIONIZES THE INTERNET OF THINGS (IoT)

X-TELIA is currently the only public operator of LoRaWAN® technology in Quebec. This new wireless technology, which is rapidly growing and present in more than 100 countries, is specifically designed to enable the deployment of low-power wireless sensors that can securely send data over several kilometers for up to 20 years without requiring a power supply or battery recharge.

For example, the technology developed by X-TELIA allows cities to remotely read water meters, to remotely monitor the evolution of spring floods, to know in real time the level of waste in bins or containers, to detect whether a parking space is occupied, or to measure air quality. The technology is equally applicable to smart agriculture, intelligent buildings and Industrial IoT.

"Analysts around the world agree that there will be between 30 and 50 billion connected objects on the planet by 2025, contributing to economic development, environmental protection and quality of life in general. X-TELIA intends to ensure that Quebec gets its fair share," says Martin Jodoin, founding partner and Chief Technology Officer at X-TELIA.

ABOUT GROUPE X-TELIA

Groupe X-TELIA Inc. is a Quebec company that operates a new generation wireless network dedicated to the Internet of Things and supports companies and cities that want to deploy applications that require highly secure, low-cost and very low-power long-range connectivity. X-TELIA offers the Quebec market proven solutions from around the world and cutting-edge expertise to facilitate the transition to the Internet of Things. The X-TELIA network is specifically designed to support new applications that make cities smarter, industry more efficient and citizens safer.

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