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Direct Communication Solutions Inc. (DCSX.US; DCSI.CN) may be small by most measures, but that’s not stopping this internet of things (IoT) company from thinking big. The company that started out as a networking hardware supplier is now preparing to take one of the biggest steps in its history dating back to 2006 with plans to list on the NYSE American exchange after completing an audit of its full-year 2022 financials.

San Diego-based DCS is hoping to tap into what’s expected to be an explosion in the global IoT market, which uses the internet to facilitate real-time communication and decision-making for everything from lighting systems management to inventory control for businesses, and security monitoring for homes. The global IoT industry is expected to reach a staggering $2.5 trillion in sales by 2029, growing at an average annual rate of 26.4% in the seven preceding years, according to third-party data cited in DCS’ prospectus filed last month.