As part of its expansion into the European market, TH1NG AB initiates a partnership with Valokuitunen in the Finnish market. The agreement grants Valokuitunen an exclusive right, for 18 months, to resell TH1NG's IoT services to property owners in Finland. TH1NG and Valokuitunen have embarked on a unique collaboration, allowing Valokuitunen's customers the opportunity to access TH1NG's IoT services.

Valokuitunen is the leading player in the Finnish fiber market, investing heavily in expanding fiber networks throughout Finland. Valokuitunen sells, builds, and owns fiber networks nationwide while providing an open network to its customers. In addition to offering broadband and TV services, Valokuitunen is now venturing into the sale of IoT services to property owners in collaboration with TH1NG.

Examples of relevant IoT services include individual water metering (IMD), water leakage detection in kitchens and wet areas, connected smoke detectors, and temperature monitoring.