Category: Shelly News

Allterco, a provider of IoT and smart home products based in Sofia, Bulgaria, continued its growth in fiscal year 2022, exceeding forecast revenue growth based on preliminary figures. EBIT was within the forecast range while investments in further expansion were intensified as planned.

Allterco, a provider of IoT and smart home products based in Sofia, Bulgaria, reaches the next milestone in the Company’s development by starting the development of its first customized Shelly chip. For the development, Allterco has partnered with Espressif Systems (Shanghai) Co., Ltd. (“Espressif”), a leading provider of energy-efficient Wi-Fi and Bluetooth solutions. Espressif will…