The global solution provider of wireless services, iMetrik M2M Solutions, Inc., recently signed an exclusive license agreement with iMetrik (News - Alert) Global Inc.. Under the agreement,  iMetrik M2M Solutions is going to market wireless Machine-to-Machine solutions using the iMetrik platform for all M2M markets worldwide, except automotive.

According to its makers, iMetrik's M2M platform offers an "end-to-end" wireless solution for remote monitoring and selective enabling, disabling, or any other command, over equipment, appliance or services from virtually anywhere to anywhere in the world. Under the agreement, iMetrik M2M Solutions will be the sole provider of these services.  iMetrik M2M Solutions will be offering these services using a "pay-per-use" model that eliminates fixed monthly costs. Under the model, the users have the option of using the service and pay for just that usage, or not using it and or receiving any invoice.

In the release, iMetrik M2M revealed that it has already begun negotiations with prospective clients in various M2M sectors. According to industry estimates, the combined M2M market currently worth hundreds of millions of dollars yearly and is expected to grow at double-digit rates annually.

“The fact that iMetrik Global's technologies have been tested-and proven successful in the marketplace for the last six years as an entire wireless M2M platform, from the embedded access device through the global wireless network and the web application, made us certain they were the best and practically the only choice for our M2M offering. No other M2M solution provider has put together a complete system that allows the ability for our customers to immediately deploy global wireless M2M solutions without having to go through the challenge, cost and time of researching and integrating components from multiple parties,” President and CEO of iMetrik M2M Solutions Inc Michel St-Pierre commented in a statement.

iMetrik's wireless network offers global coverage, with service in over 120 countries around the world. The Access Point (News - Alert), an embedded device, is shipped pre-activated and starts communicating right out of the box, saving customers from the difficulty and complexity of negotiating their own access to the local wireless networks. Whether using the technology for building management, lighting systems, vending machines, point of sale terminals, IT equipment, power supplies, security, or remote healthcare monitoring, the solution "just a click away" on a pay-per-use basis with iMetrik M2M's solution.

According to its makers, the iMetrik technology suite removes obstacles previously limiting the expected growth of M2M by delivering complete solutions including an embedded Access Point, global network and web applications. The iMetrik DNA (Device/Network/Applications) stack allows the deployment of ready solutions and considerably reduces time to market as well as cost.

iMetrik M2M has already begun negotiations with prospective clients in various M2M sectors, which, combined, represent markets worth hundreds of millions of dollars yearly and is expected to grow at double-digit rates annually.

It took the companies months to finally seal the agreement. In November iMetrik M2M Solutions announced through a press release the receipt of a Letter of Intent from iMetrik Global Inc., granting it an exclusive license to use the iMetrik platform, including devices, network, and applications, to bring solutions to the Machine-to-Machine ("M2M") market. In this release, the company said that a Memorandum of Agreement and License Agreement will follow the Letter of Intent, both expected to be signed and implemented early 2011.