BUDAPEST: Managing director Attila Hanak stated that Hungarian-Swiss joint venture iBlue AG, has entered the market of smart devices with a €2 million development of a vehicle immobiliser and gate opener that are controlled via smartphone using Bluetooth Smart technology.
iBlue expects to sell 20,000 units of the products this year and generate revenue of €3 mln, the managing director said. Due to the current and upcoming developments, the company expects to expand its staff of 20 by an additional 3-5 employees.