June 13, 2017 / 4:27 PM / a year ago

BUZZ-Sierra Wireless: Partners with PwC Canada to help set up IoT services

** Internet of things (IoT)-focused Canadian tech company’s Nasdaq-listed shares gain as much as 9.5 pct to $31.25; jumps as much as 8.7 pct to C$41.43 in Toronto

** Forms JV with PricewaterhouseCoopers Canada to help enterprises worldwide launch IoT-based services and technologies

** IoT is inter-networking of physical devices, vehicles, buildings and other items embedded with electronics, enabling them to collect and exchange data

** 73 pct of organizations making substantial investments in IoT, according to PwC Canada’s 2017 Global Digital IQ survey

** More than 550,000 shares traded on Nasdaq, 1x their 30-day moving avg, within first three hours; Over 218,000 shares changed hands on TSX, 1.6x their 30-day moving avg

** Up to Monday’s close, both shares had risen a little over 81 pct YTD

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