3 Aug 2020, Elsight Limited (ASX:ELS), a cutting-Edge connectivity solutions developer enlarging visual reach, as two landmark announcements boosted investor confidence significantly.
- Elsight achieved a significant milestone by productively completing over 15 extensive POCs trials in numerous verticals such as drones, robotics, rural communication, telemedicine, remote paramedic and many more.
- ELS expects to be well-positioned to capture Halo’s extensive sales in the US, Europe, and other markets post securing additional certifications such as FCC in the USA, CE Mark for EU, certification by numerous US carriers and number of privacy certifications.
- ELS received first material purchase orders for fitting its leading transportation solution in an entire fleet of armoured vehicles for one of the leading cash-in-transit companies operating globally. This deal would further enable ELS to become a leader in the secure transportation industry while expanding its market reach.
- Subsequent to an A$2.880 million placement and aggressive cost-cutting measures, ELS is well-positioned to acknowledge significant economic challenges, while modifying few strategic moves to take advantage of new and noteworthy opportunities specifically in the rural, remote healthcare and working environment.
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