nTels Co., Ltd. held a press conference in Seoul on July 14 to announce that it is expecting large portion of sales result in LTE communication solution and platform service.
Jae-Hee Shim, the CEO of nTels, said that nTels is facing a significant turning point this year. The market is becoming positive for LTE, MVNO, etc., which all require new solutions. And currently, nTels is the only one that is able to meet the demand of the market. The total sales of first half year have grown 292% compared to that of last year. Additionally, net profit of nTels has already turned to surplus in 1Q (first quarter). One of the nTels staff said, “Since 70% of the total sales occur at the second half year, such positive condition for nTels shall be maintained throughout the whole year.”
nTels’ new growth engine is platform service. nTels is working on M2M (Machine-to-Machine) and smart learning businesses. Technologies related to these businesses are regarded as next generation technology and are applicable to many other fields. nTels has already delivered M2M platform to several government organizations such as Korea Meteorological Administration, Ministry of Health and Welfare, etc.
Based on the changing market trend and its advanced high technology, nTels is going along smoothly for the highest sales output this year.