EBEST IOT REBRANDS AS VISION IOT, NAMES AUSTIN GROVES AS CEO

Chantilly, Virginia December 19th, 2020

eBest IoT (or the “Company”) announced the completion of a rebranding initiative to the new name of Vision IoT as part of a larger company-wide effort to greater highlight the company’s Harbor IoT platform, and it’s competitive advantages in the areas of AI and Machine Vision. In addition, Austin Groves has rejoined the company as our new Chief Executive Officer.

“Our company is entering into a new period of exponential growth” said Karan Bakshi, former CEO and now President of Vision IoT “Our Harbor IoT platform is connecting thousands of new devices and delivering valuable analytics to our customers every day, helping them increase sales and efficiency in markets across the globe. Even in the face of a pandemic, 2020 proved to be a year of unprecedented growth in terms of new clients and innovation. I believe 2021 will be a defining year for the company as we shift our focus away from individual devices and towards our device-agnostic Harbor IoT Platform. I can think of no one better than Austin to lead us through this transition. Austin and I were the company’s first employees when we started the company seven years ago, he is very familiar with the clients and our platform. I trust he will deliver immense value to our diverse group of clients.”

Vision IoT is widely known as the leading IoT platform in the consumer goods and retail space. Vision connects millions of remote assets for customers in over 40 countries delivering actionable and prescriptive analytics to client field representatives and management allowing them to solve problems like out of stocks, planogram compliance and lost assets before they occur.

“I’m humbled and honored for this opportunity to lead Vision IoT into this new period of exponential growth” said Groves. My number one focus will be ensuring the success of each one of our clients, ensuring they are delighted to work with us each day. Today we have more opportunities than we can handle at our current size, and I will be focused on expanding our brilliant team to help accelerate our position as the market leader. In the weeks ahead we will also announce two new revolutionary, low-cost IoT solutions that will solve mission critical issues for our clients in the areas of out of stocks and asset tracking.”

The company’s updated website containing Vision IoT’s full product suite, in addition to a deep dive on the Harbor IoT platform can be viewed at Visioniot.com.

About Vision IoT Inc.

Vision IoT connects retail assets enabling CPG brands and retailers to measure, analyze, and optimize the efficiency. Vision IoT successfully created world’s first and only device-agnostic IoT platform for connected retail assets that seamlessly integrates with various 3rd party controller OEMs across the globe. Our innovative IoT solutions transform a retail store into digital insights that maximizes sales and elevates customer experience.