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TeleSense Acquires Webstech to Extend Into European Market

Now with the Largest Remote-Sensed Dataset in the World, AI Platform Will Help Avoid Grain
Spoilage Throughout the Global Supply Chain

Sunnyvale, CA, April 15, 2019 --(PR.com)-- TeleSense, an IoT technology innovator providing solutions
to improve grain storage, announced today the acquisition of Webstech, a Danish wireless sensor
technology company with a strong European user base. With the acquisition, TeleSense now has access to
the largest remote-sensed dataset in the world and can offer current customers a complete suite of proven
sensor technologies built to work in grain storage environments worldwide.

“Spoilage and energy optimization in drying grain continue to be multi-billion dollar issues; TeleSense
provides the data insights needed for players throughout the global grain ecosystem to improve safety and
profitability,” noted TeleSense CEO Naeem Zafar. “The acquisition of Webstech greatly accelerates our
entry into the European market and provides millions of additional historical data points to further refine
our machine learning technology and predictive algorithms.”

Already deployed across the United States and Australia, grain storage operators and transporters around
the globe can now increase profits by alleviating spoilage and reducing quality degradation with
TeleSense GrainSafe™. The scalable artificial intelligence (AI) platform continuously monitors
temperature and humidity via portable and fixed wireless sensors to provide a real-time, comprehensive
view of stored grain conditions.

“How grain is stored, handled and traded in the years to come will change as new IoT-enabled
technologies take hold throughout the supply chain,” added Peter Votkjaer Jorgensen of Maersk Growth
Ventures, who will join the Board of Directors of the newly created TeleSense Europe ApS subsidiary.
“We think that this acquisition by TeleSense will accelerate the mission of higher sustainability and
efficiency in the grain supply chain.”

TeleSense will add a European office in Denmark and integrate Webstech technology advances, including
industrial automation capabilities, solar/battery power functionality and alternate form factors such as
sensor spears, into its own offering. In addition, TeleSense can use more than 20 million temperature and
humidity observations generated by hundreds of existing Webstech customers to improve its proprietary
machine-learning algorithms, while meeting EU General Data Protection Regulation (GDPR)
requirements.

“Standards in Europe are incredibly unique, and many agtech startups stumble trying to get a foothold in
this complicated market,” added Finistere Venture's Spencer Maughan, who is also on the TeleSense
Board of Directors. “TeleSense will now be able to swiftly scale its footprint across Europe.”

Webstech CEO Thomas Kylling, an agriculture industry veteran, will join the TeleSense team as
managing director for Europe. In this role, he will focus on supporting current European customers and
building out regional sales teams to drive TeleSense's European expansion.

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“After operating in the European remote sensing space for almost a decade, I was absolutely blown away
by TeleSense's integration of data science with an IoT solution for grain,” noted Kylling. “I think that
TeleSense will help drive the automation of the grain supply chain, and I'm excited to help lead the effort
in Europe.”

About TeleSense
TeleSense helps manage environmental risks in the world's food supply chain. TeleSense® provides
Industrial IoT, real-time environmental monitoring solutions for grain production, storage and transport.
Using cloud-based technology, TeleSense automates wireless data collection, so companies and growers
can monitor conditions in real time to eliminate human error, improve operational efficiency and increase
profitability. Backed by a collection of high-profile investors including Finistere Ventures, Maersk
Growth, Rabobank's Food & Agri Innovation Fund, the company is headquartered in Sunnyvale,
California. For more information, please visit www.telesense.com.

Media Contact:
Erica Camilo
Connexa Communications for TeleSense
C: 610.639.5644
Erica@connexacommunications.com

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Contact Information:
Connexa Communications for TeleSense
Erica Camilo
610.639.5644
Contact via Email
www.telesense.com

Online Version of Press Release:


You can read the online version of this press release at: https://www.pr.com/press-release/782578

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