iQSTEL (OTCMKTS:IQST) Stock Continues to Trend Lower: What’s The Buzz?

US-based publicly-listed company offering telecommunication, technology, and fintech services for Global Markets, iQSTEL (OTCMKTS:IQST) on August 6, 2021, announced starting the installation of 2500 units of the company’s IoTSmartTank devices scheduled later in the month.

The firm confirmed on the client being a Fortune 500 Chemical company. IQSTEL’s Technology Division aims to reach breakeven profitability with the 2500-unit installation.

The IoTSmartTank requires just a single clients’ facilities providing engagement substantial potential to grow. Engagement is expanding for a while is expected to continue having field earlier tests this year:

The first batch of production devices are now ready to install, and the software platform has been fully customized for the client. Mr. Iglesias said that the company’s technology division is doing brilliant work and is currently working on 3 projects – IoTSmartGas, IoTSmartTankandIoTSmartEV.

Iglesias said that the products are production-ready and the CTO of the division Jonathan Bunt, is coordinating the multi-country projects as well as meeting all customer expectations. iQSTEL has 5 Business Divisions including fintech, telecom, EV, technology, and blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries. The firm has a large portfolio of services and products for clients including VoIP, international fiber-optic connectivity for 5G, EV batteries, Mobile apps for connectivity amongst others.