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Signature Devices, Inc. and Innovo Technology Announce Knoton Development Plans and Team(December 06, 2017)
IRVINE, CA, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Signature Devices, Inc. (OTC PINK: SDVI) and Innovo Technology, a leading software and hardware development company, is announcing a new team to lead the development of its Knoton Internet of Things device. The company is very proud to announce that Mr. Ghassan Khatib will be joining Innovo Technology to lead the development of the Knoton. Mr. Khatib brings an extensive and diverse engineering background to lead the development of the Knoton as well as the implementation of Artificial Intelligence algorithms.
Mr. Khatib has completed his Bachelors of Science, Masters, and Post-Graduate studies in Electrical Engineering. He was awarded several prestigious awards including NYIT Nu Upsilon, Tau Honor Society, and NYIT Summa Cum Laude circa 1994. During his 20 years of experience, he has worked on multiple award-winning projects and products including early GPS designs, sensors implementation for directionality, system integration, system architecture, system validation and verification. His experience also includes implementation of Artificial Intelligence for various radar systems, and professional award-winning audio equipment design and implementation. Mr. Khatib has also developed several patents during his tenure. His previous employers include AVID Technology and MEADE Instruments. “I joined the Innovo team because I believe in the Knoton. I see a bright future for it and I am planning on making it a break-through market leading Internet of Things device,” Said Mr. Khatib.
“Getting talent like this is a major win and great progress towards our goal to deliver the Swiss army knife of Internet of Things devices to the consumer. The Knoton division and its new leadership is a milestone for us and will greatly benefit Innovo Technology and Signature Devices,” Said Inas Azzam, President and CEO of Signature Devices and founder of Morpheus. “Currently, Mr. Khatib has already started working on the Knoton project hardware, firmware, and API in order to change the landscape for personal connectivity and create a new space for the upcoming KnotonArtificial intelligence algorithms,” he continued.
The market size for Internet of Things devices is projected to reach $470 Billion annually by 2020. IHS forecasts that the Internet of Things market will grow from an install base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025.
The Knoton is designed to take advantage of this growing market. Its versatile design allows the Knoton to be adapted to many use-cases by simply writing web and mobile applications based on the Knoton’s easy API framework.
You can also follow the company on Twitter for small updates and announcements, https://twitter.com/SignatureDevice
About Innovo Technology, Inc.
Based in Irvine, California, Innovo Technology combines the best of the technologies underpinning the popular Morpheus media server, Tazerwear's AI Software, Truck IT's beacon platform with Knoton's hardware, infrastructure and software. The result is a company that blends custom software and powerful hardware IoT-interconnected devices.
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About Signature Devices, Inc.
Based in Delaware, Signature Devices, Inc. (www.signaturedevices.com) (OTC PINK: SDVI) is a holding company with subsidiaries that develop Internet of Things (IOT) products through its subsidiary Innovo Technologies, Inc., and publishes diverse media products including video games and mobile applications through its subsidiary Graffiti Entertainment, Inc.
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
CONTACT: Signature Devices, Inc.Investors Relationsir@signaturedevices.com866-637-1933http://www.signaturedevices.com