February 17, 2018 9:04 PM ET

Software

Company Overview of Able Device, Inc.

Company Overview

Able Device, Inc. provides SIMbae licensed software and tools to enable purpose-built machines, such as utility meters and security systems to embed and execute a remote monitoring and control application on a mobile operator’s SIM card rather than an external CPU. It serves developers and service providers. The company was incorporated in 2012 and is based in Raleigh, North Carolina.

8311 Brier Creek Parkway

Suite 105-386

Raleigh, NC 27617

United States

Founded in 2012

Phone:

919-809-7822

Key Executives for Able Device, Inc.

Co-Founder and Chief Executive Officer
Co-Founder and Vice President of Product Management
Co-Founder and Software Architect
Co-Founder and Advisor
Compensation as of Fiscal Year 2017.

Able Device, Inc. Key Developments

Able Device and Limitless Mobile Release SIMbae

Able Device, Inc. and Limitless Mobile will focus on "unleashing the power of the SIM," the only standard component in all bespoke built mobile IoT devices, by embedding SIMbae Key Exchange Manager (S-KEM) and SIMbae Mobile IoT CPU (S-MIC), on Limitless Mobile SIMs (Subscriber Identity Modules) utilizing Limitless Mobile's nationwide wholesale RAN connectivity. These two high-value features illustrate SIMbae's compliance with 3GPP standards and the GSMA's guidelines for IoT application and security deployments. The S-KEM demo shows the advantages of utilizing existing mobile network elements and standards to secure IoT devices and applications without requiring additional services or embedded components. In this demonstration, a Raspberry Pi acting as a remote device runs an IoT application that requires an updated secure login key. The secret key is sent from a Key Exchange Server over the wireless network to a cellular module with a SIM running SIMbae. The SIM, having securely received the updated application key, passes the key to the Pi's IoT application. The S-MIC demo goes further in demonstrating the power of the existing, standard 3GPP compliant SIM when combined with SIMbae. A complete IoT application enabled with SIMbae is embedded on the SIM, in effect turning this standard network element into a standalone, secure, OTA updatable, IoT application processor, able to control machine functionality and communications.

KORE and Able Device Announce Agreement to Deploy Enterprise Customer Pilots for SIMbae

KORE and Able Device announced an agreement to deploy enterprise customer pilots that embed Able Device's offering, SIMbae, on KORE IoT SIMs (Subscriber Identity Modules).

Able Device, Inc. Announces the Commercial Availability of Simbae Key Exchange Manager

Able Device, Inc. announced the commercial availability of SIMbae Key Exchange Manager (S-KEM), that resides on EMnify SIMs to securely transfer IoT app security keys to devices. EMnify and Able Device are together offering this new innovative solution to the market to improve IoT security and to address the issues enterprises face when establishing identities on devices during initial large scale deployments, as well as updating them throughout the lifetime of individual devices. The joint demonstration of S-KEM at Mobile World Congress showcases an EMnify SIM enhanced as a secure element using Able Devices licensed SIM applet, SIMbae.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 1, 2017
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