IOT Group Limited announced that it has entered into a Strategic Alliance - Teaming Agreement, together with a Marketing and Referral Agreement with NetObjex Inc. The partnership will focus on expanding business opportunities around IoT technologies and leverage NetObjex's Digital Asset Management Platform for applications across multiple industries. The NetObjex Digital Asset Management Platform provides advanced functionality in developing IoT data marketplaces where connected products can transact. The platform provides an effective means of asset tracking and tracing along with better tools for measuring performance, efficiency and utilisation. The NetObjex platform is also used as blockchain middleware for off-chain processing, searching across chains, data aggregation across chains and more. It is currently used in Manufacturing to prevent downtime and protect against counterfeiting; in Supply Chain and Logistics to track and trace ensuring efficiency, optimisation and prevent theft; in Transportation and Automation allowing inter-device communication and smart applications (parking, tolls and drone delivery); and in Smart Cities to allow usage-based billing, reduce waste and measure consumption. IOT intends to use the NetObjex Digital Asset Management Platform to connect its Internet of Things devices for clients. This includes wearables, drones, cameras and other devises allowing them to communicate to achieve outcomes such as environmental and energy management, security and automation. Subject to fulfillment of key performance indicators and targets, IOT has exclusive rights to represent NetObjex in Australia and New Zealand on a year on year basis under the Marketing and Referral Agreement. For any referral, IOT will receive 10% of the monthly payment received from the referral for the length of the contract or product licence. IOT and NetObjex also intend to work together in a collaborative sales process to develop business and generate sales globally under the Strategic Alliance - Teaming Agreement.