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Thales Signs MOU with M2Cloud to Enter Global Biopharma Cold Chain Market Based on IoT
Thales Korea signed an MOU with M2Cloud to enter the global bio-cold chain market based on IoT with the technical agreements to work on the development of next-generation bio-cold chain systems. M2cloud ranks number #1 in Korea for IoT security authentication technology that meets all IoT security standards, including data stability, encryption, integrity, and software security, and has announced that it has developed an IoT-based 'LTE monitoring system' optimized for biopharmaceutical monitoring with Thales.
Unlike Bluetooth devices for near-field communication, the newly developed IoT cold chain system which is equipped with a low-power LTE communication chip, does not require additional gateway adoption or complex setups such as internet connectivity. It can remotely check temperature and location information in real time by just turning the power on, making it suitable for real-time monitoring of refrigerators, refrigerated warehouses, etc., as well as tracking the delivery boxes being transported in real time. It can check temperature history without data loss in the event of a power outage or network failure, which enhances the safety of pharmaceutical products with technologies optimized for biopharmaceutical management, such as vaccines that confirm the validity of products with a temperature history.
CEO of M2cloud, MOON Jin-soo said, "In 2022, we plan to develop and supply competitive products in cooperation with various overseas partner companies to enter the global market while stably supplying new products to the domestic bio/medicine cold chain market." “For a quarter of a century, customers across all industries have trusted Thales’ industry leading IoT solutions to seamlessly connect and secure IoT devices and to help them transform real-time data into efficient decision making. We are proud to work with M2cloud to help keep their cold chain monitoring and management solutions connected, and to contribute solutions that support the healthcare industry in Korea.”, said Sandy GILLIO, Country Director and Chief Executive of Thales in Korea.
The two companies will strengthen cooperation for product development optimized for bio-cold chains and global expansion, such as technology cooperation to develop bio-medicine monitoring IoT devices and to ensure a stable supply of IoT modules by combining industry-leading security and IoT technology.
