Latvian mobile innovator LMT Group (also known as LMT) has recently presented the latest newcomer to its product and solutions suite – IoT Shortcut. With this move, LMT Group embraces its new identity as a broad-range innovations and technology company.
LMT has long ceased to be just a mobile network operator, but rather an ICT company that offers exportable solutions. Now, LMT is purposefully shifting into a multi-sector technology company ecosystem – the LMT Group. The Group comprises several companies and branches, including LMT IoT, LMT Defence, LMT Systems, LMT Retail & Logistics, LMT Finance, LMT Innovations, and Santa Monica Networks.
LMT Group’s strategic diversification is firmly rooted in its historical engineering DNA, which originated with the founding team from Latvia’s largest and oldest radio electronics company. This capability led the company to launch innovation projects across verticals like defense, IoT, and mobility. The result of this proactive strategy is a substantial change to the company’s portfolio – communications now accounts for 50% of total business volume, with the other half generated by these new strategic directions.
“Being a telecommunications operator in a relatively small European market limits the number of customers available. Thus, LMT’s growth depends on diversification. A seminal moment was the introduction of 5G. There were significant industrial promises about its capabilities, yet no one had actually seen it deployed. This gap became the biggest driver of our innovation strategy. Today, we find ourselves moving beyond ‘soft’ services and IT integrations toward physical products. We repeatedly encounter critical unmet market needs that force us to build the solutions ourselves. This was the exact challenge that led to our IoT shortcut,” says Ingmārs Pūķis, VP & Member of the Management Board at LMT.
The latest LMT Group product – the recently launched IoT Shortcut – is the smallest mobile data module in the world for sensor equipment, offering universal connectivity options for any manufacturer’s IoT devices worldwide. IoT Shortcut enables quick integration of a mobile data connection across a wide range of sensor equipment. A significant added value is the software created by the LMT Group, which automates data processing, integration, and connectivity, and provides cloud data services with a customizable customer platform and application. The module also features very low energy consumption, ensuring the sensor device’s battery lasts up to 10 years.
The module is currently being tested, and confirmed partners include the wireless sensor manufacturer SAF Tehnika, the bark beetle activity monitoring software Spruceful, and the construction monitoring specialist Adventum Tech.
The IoT Shortcut team is also in negotiations with Europe’s largest chip manufacturer, German concern Infineon Technologies AG. Planned cooperation involves integrating the LMT module into Infineon Edge AI solutions. This technology will allow local, on-device AI data processing, which will significantly reduce data transmission volume, improve reaction speed, and extend battery life for IoT sensor devices.
About LMT Group
LMT Group has evolved from Latvia’s leading mobile communication operator, LMT, into a technology innovation leader and a multi-sector technology company ecosystem. As a market leader in Latvia, LMT offers a full spectrum of high-quality telecommunication services for diverse market segments, including civilian, business, academia, and military. It transforms the 5G network into advanced solutions, focusing on defence and national security technologies, smart cities, IoT platforms, sensors, and mobility. The LMT Group unites companies such as Latvian Mobile Telephone (LMT), LMT Retail & Logistics, LMT Finance (Latvia’s first TechFin company), and the IT solutions company Santa Monica Networks.
