CRYSTAL RIVER, FL: B-Scada, Inc. (OTCQB: SCDA) has released their preliminary unaudited financials for 2014-2015. B-Scada, Inc. (B-Scada Group) includes B-Scada, Inc., B-Scada Soluciones Industriales SL. and Monitor Sensing Technologies Inc. B-Scada provides software and hardware solutions for the monitoring and analysis of real time data in the SCADA (Supervisory Control and Data Acquisition), IoT (Internet of Things) and Smart City domains. B-Scada systems are sold worldwide in various verticals including building automation, transportation, smart grid, manufacturing, agriculture and commerce. B-Scada solutions are deployed onsite and as cloud hosted solutions in a SAAS (Software as a Service) model.
It has been a very productive year for the company. B-Scada has opened its European subsidiary in Cartagena, Spain providing us with European presence and the opportunity to engage with our customers in Spanish and Portuguese. Technology from our Status Enterprise SCADA and HMI systems has been utilized to launch our VoT (Virtualization of Things) IoT platform for monitoring and archiving real time data from various locations and hardware types through the Internet. A new B-Scada initiative, Monitor Sensing Technologies Inc. is a wholly owned subsidiary of B-Scada Inc. will be launching a line of lightweight sensors designed for residential and light commercial use in early 2016. Monitor Sensing will be utilizing Microsoft Azure and B-Scada software technology in the cloud for remote monitoring and archiving IoT data. Our SCADA software solutions have been enhanced to provide CMMS (Computerized Maintenance Monitoring System) capabilities. CMMS, when used in conjunction with our workflow and notifications capabilities now provides a true predictive maintenance system integrated with the monitoring of real time data.
B-Scada’s strategy will be changing as we move into 2016. Our growth plans continue to stay focused on software revenues providing high margins and growth opportunity for the business, but we have also recognized that our SCADA, IoT and Smart City customers are looking for entire solutions not just software. In order to grow our software revenues, B-Scada will be engaging our customer base as a solution provider, providing not only world class data monitoring solutions but also our expertise and the expertise of our many hardware and software partners. As we move into 2016 we believe that approaching the market with this ecosystem will drive revenue and growth for B-Scada and its partners, as well as provide world class solutions to our valued customers.
Revenue is expected to be generated in 2016 from new directions, from Monitor Sensing Technologies Inc. through sensors sales and the sale of data monitoring services via a SASS model (Software as a Service) using our VoT Platform. Revenue is expected to increase from our IoT product offerings with our VoT Platform and from B-Scada Soluciones Industriales SL., our Spanish subsidiary. Our traditional SCADA and HMI software systems continue to be more and more recognized in the market.