DENVER and VANCOUVER, British Columbia, Nov. 15, 2021 (GLOBE NEWSWIRE) -- SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”) with E3 Services Group LLC (“E3”) of Thornton, Colorado, dated November 12, 2021, for SpotLite360 to acquire a majority interest in E3. In its November 10, 2021 press release, SpotLite360 announced an engagement with E3 for professional services relating to the development of a solution for consolidating data collected by a wide range of Internet-of-Things (“IoT”) sensor models including those offered as part of SpotLite360’s hardware integrations. SpotLite360 and E3 have identified numerous possible opportunities for value to be realized from combining their respective strengths through this contemplated acquisition as IoT technologies continue to gain popularity in various supply chain and large-scale enterprise use cases globally.
SpotLite360 Enters Into Non-Binding Letter of Intent to Acquire a Majority Interest in E3 Services Group
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