Case Study: LOCBIT, Scaling and Monetizing a fast-growing business

November 11, 2015 @ 5:00 pm – 8:30 pm
Sanford Consortium/Roth Auditorium
University of California San Diego
2880 Torrey Pines Scenic Drive, La Jolla, CA 92037
Anita Rusch
858-771-MIT1 (858-771-6481)

The Forum has a great reputation for its Case Studies, where a presenting CEO describes their company and its two top business challenges.  The Forum identifies a panel of senior executives with relevant business expertise to advise the company in front of an audience of 120-150 professionals, entrepreneurs, educators and company executives.

This expert panel draws upon their experiences to provide feedback and potential solutions to these challenges based on their own professional experiences and expertise. The challenges are often those encountered by most aspiring entrepreneurs and small growing enterprises-including financial, marketing, application of technology, operations, management, growth, diversification, and more- so everyone walks away enlightened.


Internet of Things Automation that will save your business on energy, improve operations and improve risk management.

Presented by Co-Founder and CEO, Boian Spassov


The Internet of Things (IoT) will be a multi-trillion-dollar industry with upwards of 30 billion Internet-connected devices over the next five years – and companies will need to act fast if they don’t want to be left behind. Overall, the IoT market is expected to present one of the largest growth opportunities in the industry, with more hardware and software manufacturers stepping up.

Locbit is rapidly becoming an industry leader  with their operating system for the IoT.  More specifically, they are reducing companies’ energy bills up to 50% by minimizing spikes in demand and level loading energy consumption.  But that is just one of many revenue models they are exploring.  Because the IoT is so large, they have a plethora of opportunities, which is one of their business challenges.  The other challenge is  scaling to meet the field service requirements of deploying a physical network at their customers’ sites.



Darin Andersen, Chairman and Founder, CyberTECH, a global cybersecurity and IoT network ecosystem

Emily Rex

Emily Rex, Co-Founder and CEO, Departure, a branding and technology company.

Tim Roche

Tim Roche, President and CEO, Awarepoint, provides  workflow automation and tracking solutions to acute care hospitals.

Daniel Obodovski

Daniel Obodovski, Author, “The Silent Intelligence: The Internet of Things”, public speaker, and strategic advisor.

MODERATOR:  Ian Campbell, President, Mission Partnersa marketing consulting and services firm.

Ian Campbell resize

5:00: Registration, Drinks and Appetizers, Networking
6:00: Welcome
6:10: Presentation:
7:15: Audience Q & A
7:30: Program Concludes, Networking, Coffee & Dessert until 8:30

MITEF Members and MITEF Sponsors: Free
Non-members: $65
MIT Alums:  $50
​​On-Site: $75

NOTE:  Online Registration ends at midnight, the day prior to the event.  If you register online the day of the event, you will be charged $75, the on-site price.

PAYPAL is our payment processor and accepts ALL MAJOR Credit Cards.

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