Shoof Technologies Is Selected for Plug and Play's Accelerator Programs

Sunnyvale, CA, August 15, 2017 (Newswire.com) - Shoof Technologies Incorporated, a pioneer of an advanced wireless technology and collaborative network designed for the Industrial IoT and the Logistics market, announced that it has been selected for the Supply Chain and Logistics Accelerator Program by Plug and Play Tech Center, the world’s largest technology investor and accelerator.  It has also been selected for Plug and Play’s Food and Beverage Program. These exclusive programs are designed to accelerate the growth of high-potential startups by providing mentoring and funding as well as connecting them with Plug and Play’s venture capital and corporate partners.

“We are very excited about being accepted into not just one, but two accelerator programs at Plug and Play. Out of the 2,800 startups reviewed, we were among the 16 startups chosen for the Supply Chain and Logistics Accelerator Program and among the 20 chosen for the Food and Beverage Program,” said Ra’ed Elmurib, CEO, Shoof Technologies. “The Industrial IoT and the Logistics market are poised for explosive growth. Shoof is well-positioned to win in these markets because our proprietary technology is designed specifically to solve the industry’s challenges. Our goal is to transform Industrial IoT and the Logistics market by turning all assets into smart assets.”

“Plug and Play is a global innovation platform.  We invest in many startups and connect them to corporations with notable success, including PayPal, Dropbox, and Lending Club to name a few,” said Farzin Shadpour, VP of Plug and Play Supply Chain and Logistics. “We invited Shoof to be part of our program because we believe Shoof’s technology is truly groundbreaking and has the potential to revolutionize asset monitoring and tracking in Industrial IoT.”

Shoof Technology offers unmatched advantages, including: 

*  Range –Kilometers of range

*  Battery –10 years of real-time data

*  Location –Indoor & outdoor; within 1m accuracy

*  Collaborative –Contextual and grouped data

*  Security –Hardware-hardened, blockchain ready

*  Scale –Flexible, industrial

About Shoof Technologies: 

Shoof is a pioneer of an advanced wireless technology and collaborative network designed specifically for the Industrial IoT and Logistics market. Shoof connects and transports data from assets to the cloud in a reliable, secure, scalable and low-cost manner. Building upon advanced wireless technology with edge intelligence, the Shoof solution combines this low-cost infrastructure with flexible cloud data access and a simple subscription business model. Join Shoof on Twitter and LinkedIn or visit www.shooftech.com.

Shoof Technologies and the Shoof logo are trademarks of Shoof Technologies, Incorporated. 

About Plug and Play 

Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year.  Since inception in 2006, our programs have expanded worldwide to include a presence in 24 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.

For more information, visit www.plugandplaytechcenter.com 

For further information, please contact:

[email protected]