BSM Technologies and Lat-Lon announced the BSM Technology Innovation Award recognizing leadership and innovation in providing Internet of Things (IoT) solutions in the rail industry.
The award will be presented at the American Short Line and Regional Railroad Association Connections conference in April in Nashville.
Toronto-BSM is a provider of asset tracking technology; subsidiary Lat_Lon supplies wireless GPS tracking and monitoring solutions to rail clients.
“We, at BSM, are impressed with how the adoption of technology in the rail industry consistently translates into significant tangible business results, ultimately advancing the industry as a whole as well as the communities in which we all operate,” said Aly Rahemtulla, BSM President and Chief Executive. “Now, more than ever, we’re seeing our industry leaders set themselves apart with creative implementations designed to address immediate and longer-term growth strategies. With our 20-plus decades partnering in rail we believe we’re uniquely positioned to recognize exceptional contributions via our Innovation Award.”
“Often our customers see our solution as a stand-alone system they can use to improve efficiency,” said Dave Baker, President of Lat-Lon, headquartered in Denver. “The reality is that the best utilization of our technology is when our customers integrate the location and sensor data into their business operations. The addition of our data into the customer’s databases, business practices and customer-facing applications fulfills the true potential of the Internet of Things.”