2022 Year in Review-In Sensing We Made Great Progresses

Xiamen, China – January 6, 2023, Milesight, a global AIoT provider, is delightful for sharing a significant 2022 with 2022 year in review and having a great vision on the promising 2023. 2022 was an extraordinary year for Milesight witnessing the growing professional teams, expanding product lines, continuously emerging projects, strong-bonded partnerships, increasing brand awareness, etc. As we continued to extract the possible from the impossible, this year taught us, above all, that voices from Milesight customers—no matter big or small—push Milesight to unleash the force of sensing and make differences.

Milesight CAGR in 2022 Hit New Record High - 150%

The top story of 2022 is that Milesight achieved surprising but expected annual growth. As the sales growth soared 400% higher in H1 2022, Milesight kept building new achievements with its strong sensing capability and IoT insights. By the end of 2022, its CAGR hit a new record with a more than 150% growth. And the growth reflects on what Milesight has achieved and its accuracy of direction and strategy.

Fast Growing Professional Team

With a fast-growing and expanding strategy, Milesight kept absorbing and training talents in R&D, sales and marketing. By the end of 2022, Milesight had over 700 employees, 56% of them are R&D engineers. Attaching great importance to R&D strength and talents, Milesight  invests 15% of annual revenue to maintain best-in-class R&D strength and innovation capacity to bring better products and services.

Diversified Product Lines and Solutions

Through our continuous innovations in market-oriented IoT technologies including AI, 5G, LoRaWAN®, we have delivered various products to enrich our IoT lineup in 2022 including 5G Dongle, UC100 Controller, UG56 and UG63 Industrial Gateway, EM320-TH Temperature & Humidity Sensor, EM310 Tilt Sensor, AM100 and AM300 IAQ Sensor, VS Series, GS Series, WS Series, WTS Series, further creating more complete device-to-cloud solutions, bringing market with efficient energy saving, smart workplace upgrade and greener agriculture solutions.

Continuously Emerging Project Opportunities

With Milesight overall strength having been increased, many project opportunities have sprung up in 2022 such as two flagship cases - the IAQ and smart building projects in Canada, real-time flood monitoring in Austria, medicine fridge monitoring in Australia, smart building solution, smart waste monitoring, 5G network solution, and remote vineyard irrigation in China, which demonstrated Milesight strong capabilities in R&D and global supply chain.

Growing Brand Awareness in LoRa Ecosystem

2022 witnessed Milesight continuously growing brand awareness. Milesight has a say in LoRa Alliance and was invited to be a testimonial in The Power of Connection Campaign to share the opinions in joining the LoRa Alliance. Collaborating with our tech partners - Senet, Actility, etc., we worked well together to achieve joint promotion, further refining IoT solutions for customers.

Honors, Awards and Accomplishments

Through one year of hard work, Milesight has won numerous honors and awards. At the China AIoT Annual Conference, Milesight won the “AIoT Innovation Corporate” Award with motivational Smart Business Park Solution. On September 16, 2022, Milesight was on the list of the Specialized and Sophisticated “Little Giant” Enterprises which were appraised and elected by the Ministry of Industry and Information Technology.

Active Participation in Influential Exhibitions

Diving deeper into smart building, smart city and smart agriculture, Milesight brought a full lineup of IoT products to influential exhibitions this year, including ISC WEST in Las Vegas, US, IoT Impact in Melbourne, Australia, The Things Conference in Netherlands, Smart Building Show in London, UK, Beyond Expo in Thessaloniki, Greece, Enlit Europe in Frankfurt, Germany. Exhibition is the golden opportunity to connect Milesight and customers. It creates stage to directly showcase Milesight from products to solutions and all-round picture, offers a chance to generate mutual understanding.

Rolling out the Mobile Friendly Website - Faster, Smoother, and More Responsive

With a focus on insights sharing, Milesight upgraded the mobile website to demonstrate its real potential and power of the brand. The site structure, the style, the content, and the way the products being illustrated are all presented in a smarter, smoother and more comprehensive way.

More Highlights are Coming for You

Brand-new highlights has already well-prepared for the new 2023. Milesight IoT E-Ink Display DS3604 featuring 4.2-inch e-ink screen with red/white/black color is ideal for workstation occupancy management and ultra mini router UR41 specially designed for low power consumption is ready to bring more flexible solutions. More innovative products are on the way for you to explore.

The end of 2022 is also the beginning of 2023. Looking back on the past year helps to better look into the future. Milesight will still spare no efforts to develop innovative and customer-oriented products, improve R&D strength and energize IoT applications by sensing force. Long-lasting partnerships and brand development are always kept in our mind. The past year is going to teach us to do better to make a contribution and shape the world in a better way.

About Milesight

Milesight is a fast-growing high-tech company delivering smart IoT and video surveillance products with a focus on IoT technologies, including Artificial Intelligence, 5G and LoRaWAN®, since 2011. With improved sensing capability and advanced IoT insights, we help customers worldwide optimize their business operation in a more efficient and sustainable way. In collaboration with a global network of distributors and system integrators, we are committed to building open ecosystems and accelerating IoT strategies to the next level.

Milesight IoT delivers products including IoT Gateway, IoT Sensors, IoT Controllers and 4G/5G Industrial Routers & Switches to offer complete device-to-cloud-solutions for massively growing markets of smart office, smart building and smart agriculture in an actionable and adapted way.

Contact us here: https://www.milesight-iot.com/contact-us/

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