SUMITOMO CORPORATION OF AMERICAS BACKS VERITREAD; Investment in IOT Application for use by Construction Equipment Industry .
New York, NY – August 31st, 2017 – Sumitomo Corporation of Americas (“SCOA”) together with Sumitomo Corporation announced today its plan to underwrite a $2.5 Million third-party allocation of new units for an undisclosed ownership stake in VeriTread, a Florida-based start-up company operating an online marketplace for construction equipment transportation. Sumitomo Corporation